(1)
Section 70(1)(b) is amended by inserting after
“case,” —
“ unless subsection (1aa) applies, ”.
(2) After
section 70(1) the following subsection is inserted —
“
(1aa) If the primary tenement was granted as a result of a
reversion licence application, a special prospecting licence may be marked out
and applied for at any time after the date on which the primary tenement was
granted.
”.
(3)
Section 70(12) is amended as follows:
(a)
after paragraph (a) by deleting “or”;
(b) by
deleting “special prospecting licence.” at the end of
paragraph (b) and inserting instead —
“
application for a special prospecting licence or the
special prospecting licence, as the case requires; or
(c)
prior to the surrender, forfeiture or expiry of the primary tenement the
holder of the primary tenement makes a reversion licence application and a
prospecting licence or an exploration licence is granted as a result of that
application in respect of any land the subject of the application for a
special prospecting licence or the special prospecting licence, as the case
requires.
”.