Tenements Overview
Tenements
Seven contiguous tenements cover 504 km2 along trend of the 5 Moz Au deposit at Stawell. The tenements
dominate the northern continuation of the gold-prospective Stawell Corridor where it extends under a thin
blanket of Murray Basin sediments (cover). 85% of NSM’s tenements are in cover-dominated areas.
|
Tenement
|
Status
|
Number
|
Area (km2)
|
Initial NSM Holding
|
Earn-in Potential
|
|---|---|---|---|---|---|
|
Wildwood
|
Granted
|
RL007051
|
50
|
51%
|
90%
|
|
Barrabool
|
Granted
|
EL5443
|
182
|
51%
|
90%
|
|
Glenorchy
|
Granted
|
EL006156
|
10
|
100%
|
n/a
|
|
West Barrabool
|
Granted
|
EL007419
|
37
|
100%
|
n/a
|
|
Wimmera Park Granite
|
Granted
|
EL007182
|
4.5
|
100%
|
n/a
|
|
Deep Lead
|
Granted
|
EL007324
|
167
|
51%
|
90%
|
|
Germania
|
Granted
|
EL007325
|
54
|
51%
|
90%
|
|
Total Granted
|
100%
|
|
504.5km
|
|
|
NORTH STAWELL MINERALS TENEMENT PORTFOLIO
“North Stawell Minerals’ tenement portfolio has a commanding position over the most gold-prospective geology under cover in Western Victoria.”
Victorial Tenement Regulation
Victoria is a stable exploration jurisdiction with transparent
mining and exploration governance, centred on the Minerals
Act (the MRSDA)and Minerals Regulations (MR(SD)(MI)) .
Regulation is monitored and enforced by Earth Resources and
Regulation (ERR)a division of the Department of Jobs, Precincts
and Regions (DJPR).
Exploration Licences are granted for up to 12 years. Exploration
Licences are typically granted on 5 year terms with and
additional 5 years extension (10 years total). In special
circumstances, an additional 2 years is available, at the
discretion of the Regulator.
All tenements are registered with the Regulator. The
information is available through ERR’s online portal, GeoVIC.
Compulsory Exploration Licence relinquishments occur in
years 2,4,7 and 9 of a tenements life, and require 25%, 35%,
20% and 10% respective release of the original tenement area.
Targets and prospects with encouraging geology can,
if conditions are met, be converted to a Retention Licence
(RL). These licences are granted where a Mineral Resource is
identified, and additional work is required to further advance
the geology and resources.
FURTHER INFORMATION:
Mineral Resources Sustainable development Act
Earth resources and regulation
Mineral industries regulations
Exploration licence guidelines
