(1) The person who has obtained a prospecting
license pursuant to Rule 7, shall complete the prospecting operations within
a period of Four years in the case of prospecting of very precious minerals
or precious and valuable minerals and within a period of Two years in the
case of ordinary minerals.
(2) If it requires to extend time due to impossibility to complete the
prospecting operations within the period as referred to in Sub-rule (1), the
licensee shall have to apply to the Department for time extension before
Three months of the expiry date of specified period, along with the progress
report as specified in Schedule-6.
(3) If an application is received pursuant to Sub-rule (2), the
Department may, if it deems fit to extend the period as per request after
making necessary inquiry, extend a period of up to Two years but not
extending One year at a time within One month from the date of application
5
Amended by the First Amended.
6
Amended by the First Amended.
so received, having taken into account of the nature of the minerals,
geological condition, prospecting technology and also the progress of
prospecting operations upon charging an additional fees as specified in
Schedule-4.