business.gov.au

Offshore Minerals Retention Licence - Australian Government

Description

You will require this licence if you hold an offshore minerals exploration licence and intend to transition a project from the exploration phase to a commercial mining phase.

It allows the licence holder rights to an area:

  • where a significant mineral deposit has been found
  • which is not commercially viable in the short term
  • there is reasonable prospect for development in the longer term.

You may apply for two or more retention licences over different parts of the exploration licence area.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence you must:

  • specify the blocks for which the application is made
  • state why you are applying for a retention licence, rather than a mining licence
  • specify the mineral deposit that you believe is commercially viable in the longer term
  • provide an assessment of the present and potential commercial viability of the mineral deposit
  • outline the overall work program you have already carried out under the exploration licence on the blocks covered by the application
  • specify the activities you intend to carry out on the block or blocks covered by the application
  • provide the amount of money you intend to spend on those activities and the amount already spent in connection with the exploration licence on the blocks covered by the application
  • outline the technical qualifications of yourself and your employees who are likely to be involved in activities authorised by the licence
  • provide details of the technical advice and financial resources available to you
  • provide maps that relate to the blocks and comply with relevant guidelines.

The group of blocks you are applying for must form a discrete area, not more than 20 blocks.

Duration

As specified on your licence, up to 5 years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $3000.00

Fees for 2024-25. Other fees may apply. Please consult the Contact Officer for more information.
Renew Renewal All $600.00

Fees for 2024-25

Forms

Act(s) name

Offshore Minerals Act 1994 Australian Government

Regulation(s) name

Offshore Minerals (Fees) Regulations 2018 Australian Government

Administering agency

Department of Industry, Science and Resources

Resources

Offshore Resources

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.