Duties of holder of exclusive prospecting licence

The holder of an exclusive prospecting licence– (a) shall commence prospecting operations within three months of the date of the grant of the licence, as stated in the licence; (b) shall, subject to sections 35 and 52, carry on prospecting operations in accordance with his (c) shall give to the Minister notice of the discovery– (i) of possible commercial value of any mineral to which his licence relates; and (ii) of any mineral deposit of possible commercial value, within thirty days of the discovery; (d) shall, subject to section 35, expend in, or in relation to, the prospecting area an amount not less than the amount required by the licence or otherwise to be so expended; (e) shall, subject to section 35, employ and train citizens of Belize in accordance with the proposals in that connection particulars of which have been given in or appended to the licence; and (f) shall carry on prospecting operations in accordance with the requirements of this Act.