Massachusetts Mineral Exploration License - Option to Lease
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FAQ
An exploration licence gives the licence holder exclusive rights to explore for petroleum or specific minerals within a designated area but it does not permit mining, nor does it guarantee a mining or production lease will be granted.
(7) The State Government shall grant a mining lease to an applicant selected in accordance with the procedure laid down in this section in respect of such notified mineral in any notified area.
A mining licence gives the licence holder the sole right to mine for specified minerals. The applicant needs to show identification of a mineral resource before applying for a mining licence.
A mining lease gives the holder the exclusive right to conduct mining operations and sell the minerals specified in the conditions attached to the lease. Mining operations must be conducted in accordance with an approved program for environment protection and rehabilitation (PEPR).
Traditionally prospecting relied on direct observation of mineralization in rock outcrops or in sediments. Modern prospecting also includes the use of geologic, geophysical, and geochemical tools to search for anomalies which can narrow the search area.
In layman's terms, it is a legal agreement made. between a mineral rights holder and a second party, which allows that party to earn an interest in the. mineral property in exchange for certain. benefits granted to the license holder.
A Petroleum Exploration and Development Licence (PEDL) is a licence issued by the government which permits the operator to explore for, or produce, oil and gas in England. A PEDL grants exclusive rights to explore drill and produce petroleum within a specified area for a specified time.
Eligibility requirementsbe at least 18 years old.submit an environmental Impact statement.submit details of proposed mining developments, including the type of minerals and description of the land.notify the landowner / occupier in writing within 21 days of lodging the application.More items...
Under the Mines & Minerals (Development & Regulation) Act, 1957, "Prospecting Licence" (PL) means a licence granted for the purpose of undertaking prospecting operations with a view to exploring, locating or proving mineral deposits.
How to applySelect the 'Apply online' button.Select 'Start'.Select the area you want to fossick in.Complete the online application form.Agree to the permit conditions.Enter your credit card details to pay the permit fee.