Section 54: Working Capital.

(1) The Mining Cadastre Office shall require an applicant for mineral title to provide-
(a) proof of sufficient working capital for the Exploration or mining of the area applied for and of technical competence to carry on the proposed Exploration or mining operation as prescribed in the Regulations under this Act ; and
(b) any other information as the Mining Cadastre Office shall require or prescribe.
(2) Where an applicant fails to satisfy the Mining Cadastre Office as provided in subsection (1) of this section, the Mining Cadastre Office shall, upon consultation with the Minister refuse the application. The applicant may submit a new application to the Mining Cadastre Office.