Section 50: Qualification for Mining Lease.

A qualified applicant for a Mining Lease is a body corporate duly incorporated under the Companies and Allied Matters Act or other legal entity that-(a) has demonstrated under conditions stated in the regulations that a commercial quantity of Mineral Resources exists in the area in respect of which the application is made; and
(b) has fulfilled all the conditions attached to the Exploration Licence in respect of the area subject to the application.