AuKing Mining Limited Prospectus

AuKing Mining Limited Solicitor’s Report on Tenements HopgoodGanim Lawyers Page 23 of 46 (a) pay the rents and royalties due under the mining lease at the prescribed time and in the prescribed manner; (b) use the land the subject of the mining lease for the purposes of mining; (c) arrange and pay for a survey of the land the subject of the mining lease within stipulated timeframes and where the lease is surrendered in part, arrange and pay for a re-survey of such land within the stipulated timeframes; (d) not use ground disturbing equipment when mining on the mining lease unless: (1) the holder has lodged in the prescribed manner a programme of work in respect of that use; and (2) the holder has paid the prescribed assessment fee in respect of the programme of work; (3) the programme of work has been approved in writing by the Minister or a prescribed official; and (4) that use is dealt with in a relevant mining proposal; (e) lodge, in the prescribed manner, such periodical reports and returns as may be required; (f) furnish to the Minister such geological samples obtained in the course of operations conducted by the tenement holder under the mining lease as the Minister may request; (g) promptly submit a tenement report in writing to the Minister on all minerals of economic interest discovered in, on or under the land the subject of the mining lease; and (h) review the mine closure plan contained in a relevant mining proposal and obtain the written approval for the reviewed mine closure plan from a prescribed official; (i) be liable to have the mining lease forfeited if the tenement holder fails to comply with any requirement relating to security for compliance with conditions, a report required under paragraph 4.67(e) or an audit statement or a mineral exploration report in relation to the mining lease. 4.68 Further standard conditions, apparent upon review of the public enquiry tenement reports for the Tenements, are that the holder must: (a) rehabilitate all disturbances to the surface of the land no later than 6 months after carrying out exploration activities; (b) remove all rubbish prior to termination of the exploration program; (c) obtain the prior written approval of the Environmental Officer for DMIRS before using mechanised equipment causing disturbance to the surface of the land; (d) notify the holder of any underlying pastoral or grazing lease by telephone or in person prior to undertaking airborne geophysical surveys or any ground disturbing activities; and (e) notify any underlying pastoral or grazing lease holder of any transfer of a licence. continued 9. S olicitor’s Report on Koongie Park Tenements 178