Western Australia has more than halved the time take to grant exploration licences in the state.
Statistics from the WA Department of Mines and Petroleum showed an average rate of 364 days for exploration licences to be granted, as compared to recent reports that it could take up to two and a half years for licences to be approved.
More than half of Australia’s exploration expenditure is spent in Western Australia. This is why it is critical to have a system that is robust, rigorous and timely,” DMP director general Richard Sellers said.
“It is also critical that there is certainty around the process.”
He added that these licences include assessments by the DMP and other processes such as native title for land access, and requests for information from exponents.
Sellers went on to say the Department is focused on streamlining the system.
There are always further improvements that can be made, which is why the department is continuously reviewing its assessment processes to ensure they are clear and consistent,” Sellers said.
“It is this attitude that has seen Western Australia firmly establish itself as the number one Australian state and one of the leading international jurisdictions in recent editions of the Fraser Institute’s Survey of Mining Companies.”