Extending the validity of an exploration permit

The validity of an exploration permit may be extended for a maximum of three years at a time. In total, the permit may remain valid for a maximum of 15 years.

The prerequisites for the extension of the validity of an exploration permit are as follows:

1) the exploration has been effective and systematic;

2) further research is necessary in order to establish the possibilities for exploiting the deposit;

3) the permit holder has complied with the obligations laid down in the Mining Act as well as the permit provisions;

4) the extension of the validity will not cause unreasonable inconvenience to public or private interest.