You will require this licence if you intend to retain the rights to a mineral resource. This licence is only valid for the specified land. A Mineral Retention Licence is for mineral resources that are not economically viable to mine at the present time.
This licence may be renewed twice for a period not exceeding ten years. This licence extends to the sea bed and its subsoil within the territorial limits of Victorian water.
Please consult the responsible agency for more information and to ascertain the level of compliance (if any) that may be required.