Shape of area of exclusive licence to prospect.
6. The shape of an area over which an exclusive licence to prospect may be granted shall be such that the average width, as determined by dividing the area by the greatest length, is not less than one-third of the greatest length.
Form.
7. An exclusive licence to prospect shall be in Form II. of the Appendix hereto.
Fee to be paid.
8. The fee to be paid for an exclusive licence to prospect shall be £5 per square mile or part of a square mile per annum.
Obligation of exclusive licences.
9.—(1) The holder of an exclusive licence to prospect shall, under penalty of revocation of such licence under the provisions of section 11 of the Proclamation, during the whole of the period for which such licence is granted, either by himself or his agents, carry on bonâ fide prospecting operations.
Renewal.