Minerals Development Act 2017

Effect of revocation, expiration, termination and surrender

47. On the revocation, expiration, termination or surrender of a prospecting licence or a retention licence—

(a) all rights and powers exercisable by a licensee under the licence end,

(b) the conditions specified in the licence for the purposes of this section continue to apply to the former licensees,

(c) the former licensees continue to be liable for any act or omission done under the licence, and

(d) the former licensee is not entitled—

(i) to a refund of any fee that has been paid, or

(ii) to compensation in respect of any expenditure that the former licensee may have incurred as part of the licensee’s exploration programme.