What Are The Different Kinds of Mining Tenements?

For the purpose of increasing our knowledge, let us look at the different kinds of mining tenement there is.

Prospecting Tenement

This type can be further divided into parcel prospecting permit which remains legal for a period of 3 months and a district prospective permit which remains valid from between 1 to 12 months but it all depends upon the particular land owner’s permission. This kind of permit allows the permit owner hand mining but it is limited to certain minerals and does not include coal.

Exploration Permit

As the name suggests, this permit allows the permit owner to explore land for a period of 5 years. Usually this kind of permit greatly helps in the testing of the existence, quality and quantity of the minerals present inside the land. This permit does not allow the permit owner a free reign to explore the whole land but a specific area of the land. There are several methods of exploration that are legally allowed under this kind of permit and some of them are sampling, testing, drilling, prospecting and surveys but other methods can be allowed to if they are in accordance with the permit. For the purpose of getting this permit or any other kind of mining tenement permit, you can hire Austwide Mining.

Mineral Development License

This particular license is seen to generally come after an exploration permit but many expert companies just directly acquire the license and do not go for the permit first. The license can be obtained for up to 5 years and can be renewed which is what a lot of companies do. With this license, a company can do a thorough work which generally involves processes such as drilling, seismic surveys and design and feasibility studies.