Regulation 5 Fees
The fees payable to the Secretary of State during the currency of an exploration licence (in addition to the fee payable for the grant of the licence under the 1982 Regulations) shall be:
(a)
£15,000, payable one year after the grant of the licence;
(b)
£25,000, payable six years after the grant of the licence;
(c)
£25,000, payable on the grant of each extension period.