All exploration activity in Tasmania has to comply with the Mineral Resources Development Act 1995 (Tas.) and legislation protecting threatened species and cultural heritage. The fourth edition of the Mineral Exploration Code of Practice outlines the requirements, the approvals process, and the controls and monitoring procedure that Mineral Resources Tasmania has in place.
EXPLORATION LICENCES
Exploration licences are granted to companies or individuals so that they may explore for minerals. The explorer must obtain approval from Mineral Resources Tasmania for all proposed exploration activities, and site specific conditions may be imposed to protect ecological or social values. Explorers are required to lodge a bond, which is held as a guarantee that the conditions of the licence will be met.