You will require this licence if you hold prospecting licence or exploration licence, and you intend to postpone the development of mineral resources located within the area covered by that licence.
A retention licence is a holding title for a mineral resource which has been identified but, due to existing circumstances, cannot be mined or explored until a later date. A retention licence will allow you more time in which to plan to develop the resource, and to obtain financing.
Please note that whilst a retention licence is in force you may not remove more than 1,000 tonnes of material from the land covered by the licence.
Please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
To be eligible for this licence you must:
- Hold an exploration licence, or prospecting licence;
- Provide a statement specifying the details of the program of work to be carried out in the area;
- Proved details for the estimated amount of money proposed to be expended on such work;
- Provide a statutory declaration outlining that there is an identified mineral resource in the area;
- Pay the amount of the prescribed rent for the first year;
- Submit the prescribed application form; and
- Pay the prescribed application fee.
Please consult the Contact Officer for more information regarding eligibility requirements.
As specified by the licence but not exceeding 5 years.
Further fees may apply. Please consult the Contact Officer for more information.
Approximately 3 to 12 months.
Department of Mines and Petroleum
Minerals and Mining
Mining Act 1978 (Western Australia)
Mining Regulations 1981 (Western Australia)
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