Section 42
Restriction on application for prospecting licence
—
(1)
Where a prospecting licence is revoked or surrendered, no application for either a prospecting licence in respect of the same or any area within or overlapping the previous prospecting area shall, unless the Authority otherwise decides, be considered for approval within a period of one year from the date of revocation or surrender, as the case may be.
(2)
Notwithstanding section 24, any former holder of a prospecting licence whose licence has reached its maximum total duration of four years shall be given priority on an application for either a prospecting licence in respect of the same or any area within or overlapping the previous prospecting area:
Provided that no such application shall be considered for approval within a period of one year from the date of expiration of the maximum total duration of the said licence.
Mining Lease