"Exploration licences" refer to legal permissions granted to individuals or companies allowing them to search, investigate, and analyze a specific area or resource for potential discoveries or opportunities. Full definition
In Queensland and Victoria, peak Indigenous bodies and state governments have successfully negotiated standard agreements for the grant or renewal of exploration licence applications or mineral tenements. (humanrights.gov.au)
A resource CEO throws together a rag - bag of exploration licences (acquired for a few million), IPOs the company, and minutes later the same assets are worth 50 million plus! (wexboy.wordpress.com)
«The freeze on NSW petroleum exploration licence applications and petroleum special prospecting authority applications was expected to end tomorrow. (jennifermarohasy.com)