(1) A mineral exploration licence is a mineral title that gives the title holder:
(a) the right to occupy the title area specified in the EL; and
(b) the exclusive right to conduct exploration for minerals in the title area and other activities specified in section 31 ; and
(c) the exclusive right to apply for a mineral lease for all or part of the title area.
(2) The rights of the title holder may be exercised only:
(a) during the period the EL is in force; and
(b) in accordance with this Act and the conditions of the EL.