Exploration Licence Partial Surrender (WA)
Exploration Licences are subject to a partial surrender under s65 of the Mining Act:
- an E applied for before 10 February 2006 is required to be reduced in its 3rd and 4th year by 50% in both years
- an E applied after 10 February 2006 and contains more than 10 blocks is to be reduced by 40% in both years
The guidelines for applying for exemption form partial surrender are contained in this link. Applying for Partial Surrender
The E surrendered area of s65 surrender is placed in moratorium and released in a couple of weeks (the period is indeterminate)