Exploration Licence (EL) (SA)
The Department of State Development DSD web site contains infromationinformation on Exploration Licencing
The minimum expenditure requirement is nominally $30,000 plus $97/km2 per year and rounded to the nearest $5,000
An EL can have a maximum term of 5 years, after which time a new application for the area may be lodged using Form 29 – Mineral Exploration Licence application
A subsequentapplication applicationfor renewal must be lodged at least three months prior to expiry of the existing ELEL.
Where the licenseelicencee seeks a renewal of term (within the maximum term of 5 years), an application for renewal must be lodged a minimum of one month prior to expiry of the EL. A late lodgment is subject to the holder seeking Ministerial Consent.
DetailsI forlicencee accessingmay landsurrender Seea forportion greaterof detailan whichEL requiresat issuingany time (though it is not compulsory unless an AEA is imposed) if all regulatory obligations are complied with.
The minimum expenditure requirement is nominally $30,000 plus $97/km2 per year and rounded to the landholder
- nearest $5,000. A licence holder can apply to the DSD for a
NoticeAmalgamatedofExpenditureEntryArrangementand(AEA)waitingbut21adaysusuallybeforeaaccessing, - 10%
Noticereductionofindeclaredareaequipment - is
Waiverrequiredof Exemption
or reaching agreement with the lanholderannually.
Within 30 days of every six month anniversay of a licence being granted a Summary Report along with a expenditure statement must be lodged.
Exploration Technical reports are due with 60 days after:
- annually after an anniversay;
- after an expiry;
- partial surrender or surrender;
- after the joint reporting due date.
for all exploration on ELs, RL and MCs
Guidelines ouline the requirements for exploration reporting including Summary Reports.
Schedule of Fees and Charges outlines the rents and administration fees.
Details for accessing land Before accessing land the licencess is required to issue to the landholder:
- a Notice of Entry and waiting 21 days before accessing,
- Notice of declared equipment
- Waiver of Exemption
or reach agreement with the lanholder.
Dealing in a EL
It is worth quoting the DSD web site: Where a licensee wishes to promote a public company to take over an EL as the whole or part of its objectives, the total consideration to the licensee, either in cash or shares, shall not exceed the cost of the work performed, including the cost of the investigation of any tenements granted pursuant to the EL. Also EL can not be transferred in its first year of tenure.