Term and renewal of non-exclusive prospecting licence

(1) A non-exclusive prospecting licence has effect for the period of twelve months from and including the date of the issue of the licence. renewal of non- (2) Subject to sub-sections (3) and (4) and the regulations, the Inspector, on application duly made, may renew a non- exclusive prospecting licence for a period of twelve months from the date on which it would cease to have effect if not renewed. (3) The Inspector shall not renew a non-exclusive prospecting licence unless he is satisfied– (a) that the applicant has undertaken, in good faith within the limits of his competence and resources during the period for which he has held the licence, prospecting operations; and (b) intends, within those limits, to undertake in good faith further prospecting operations. (4) The Inspector shall not renew a non-exclusive prospecting licence if the applicant has not paid the prescribed fees or has failed to comply with the conditions on which the licence was granted.