You may require this licence if you hold an existing Exploration Licence and you intend to postpone the development of mineral resources located within the area covered by that licence.
Western Australia's offshore area extends three nautical miles out from the coastal baseline. If you intend to undertake activities beyond this area, you will need to apply for a Commonwealth licence.
A retention licence is a holding title for a mineral resource. You may intend to apply for a retention licence if you have identified a mineral resource, but are unable to mine or explore the resource until a later date. A retention licence will allow you more time in which to plan to develop the resource, and to obtain financing.
A retention licence does not authorise the recovery of minerals as part of a commercial mining operation. Your licence will specify the range of activities you are authorised to undertake.
You may apply for a retention licence for a group of blocks only if the group forms a discrete area, and there are no more than 20 blocks in the group.
Please consult the Contact Officer for more information.