business.gov.au

Assessment Lease - New South Wales

Description

You will need this lease to retain title to a mineral deposit after the expiry of an exploration or prospecting licence. The lease allows you to retain title of a mineral deposit for the purpose of further assessment in situations where where you are currently unable or uncertain if you will commence mining.

There are areas of mineral potential which are natural extensions to existing operations or projects, but where it is currently impractical to apply for a mining lease.

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 lease you must:

  • be 18 or older
  • specify the minerals you are assessing and provide evidence you own them
  • provide a description of the land over which the assessment lease is sought
  • provide an assessment of the mineral bearing capacity of that land and of the extent of any mineral deposits in that land
  • provide particulars of your financial resources and the availability of technical advice
  • provide any proposed marketing or environmental study
  • demonstrate compliance with native title legislation.

Duration

Up to 6 years

Expiry

Anniversary of date of issue

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $2000.00

Plus $6 per year of tenure for each hectare or part hectare of land to which the application relates. Fees for 2023-24
Apply Licence All -

Annual rental fee:

  • for a year during the initial term of the lease - $12 per ha or $1,200 per sq km or $3,600 per unit
  • for a year during a term of the lease after the initial term - $24 per ha or $2,400 per sq km or $7,200 per unit.

Fees for 2023-24
Renew Renewal All $2000.00

Plus $6 per year of tenure for each hectare or part hectare of land to which the application relates. Fees for 2023-24

Act(s) name

Mining Act 1992 New South Wales

Regulation(s) name

Mining Regulation 2016 New South Wales

Administering agency

Department of Regional NSW

Division of Resources and Geoscience

Contact details

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