Mineral Exploration License - Option to Lease
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FAQ
Producing Mineral Rights ValueMineral rights are valued based on the present value of future cash flows, adjusted for risk.Future production rate Based on actual production, future production forecasts can be determined with more precision.
Selling means that you can receive a large cash payment upfront, regardless of minerals found on your land. A company who leases your land may deplete the mineral supply substantially before returning the land back to you. Selling reduces overall risk of handling mineral rights.
An application for any of these tenements may be made at any of the department's Mining Registrar offices (tell me more about Mining Registrar's Regional Offices) or lodged electronically via the department's website using Mineral Titles Online (MTO). An application fee and rental is payable for all tenements.
A mining lease gives the holder the exclusive right to mine for minerals over a specific area of land.there is an economically mineable mineral deposit within the area of the proposed lease, and. they have the financial and technical resources to carry out mining in a responsible manner.
Nationally, mineral rights owners can expect anywhere from $100 to $5,000 per acre for their mineral rights lease. The most valuable mineral rights leases are on producing parcels of land that are still expected to hold many more precious minerals.
Be 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.
On public land, a mineral surface lease is required granting approval to occupy the location and conduct mining activities. This is in addition to an Ammonite Shell Agreement.
Be 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.
A surface lease is required for any above surface structure which typically includes wells, access roads and other oil and gas facilities. These structures are usually subject to annual rents for use of the land surface.