Schedule 5 Thresholds for Tier 1 and Tier 2 activities

s 2B

Schedule 5: inserted, on 24 May 2013, by section 62 of the Crown Minerals Amendment Act 2013 (2013 No 14).

Mineral typeExploration permitMining permit
Estimated total work programme expenditure threshold amountEstimated annual royalty threshold amountEstimated annual production threshold amount
Coal$1,250,000200 000 tonnes
Ironsand$1,250,000500 000 tonnes
Metallic mineral$1,250,000500 000 tonnes of ore
Platinum group metals$1,250,000$50,000

In this schedule,—

metallic mineral does not include gold, silver, ironsand, or platinum group metals

platinum group metals means iridium, osmium, palladium, platinum, rhodium, and ruthenium.