Resources Victoria is encouraging minerals explorers to actively work areas covered by their minerals licence through the Use It or lose it initiative.
To help ensure the state maximise opportunities to find in-demand minerals, the Earth Resources Regulator will be reducing the licence areas for companies who fail to deliver the exploration commitments.
Explorers are encouraged to review their exploration programs and to consider surrendering areas that are not being actively searched.
It is important that explorers with the exclusive rights to search an area for minerals deliver the commitments that accompany their licence.
An explorer's performance in delivering their commitments may be used to assess future licence applications.
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