Last Thursday, Terra Search attended a forum in Brisbane about the changes in legislation that have come into effect for explorers. The topic was Qld land access and landholder compensation agreements. Les Cox and the AMEC (Association of Mining and Exploration Companies) committee organized an excellent event with knowledgeable guest speakers from DNRME (Warwick Squire) and Hopgood Gamin Lawyers (Damian Roe).
As Terra Search offers a tenement management service to our clients, we are particularly concerned about the explorer having to pay the landholder’s costs (legal, valuation, accounting and agronomist) incurred in working towards reaching a CCA, even if no agreement is reached. There is no cap on these costs, although the explorer has a right to contest them if they could be considered “unreasonable”.
One way to lessen these costs is to have exploration well planned before each program is commenced. This can be assisted through desktop studies and analyses of geological assays already available. Terra Search has been working to clean the duplications and errors in the publicly released sample and drill data for Queensland. Terra Search is also adding new data as the individual reports are released from closed file. Please contact me if you would like to discuss purchase of this data.