26—Mineral claim not transferable etc
(1) A mineral claim is
not transferable.
(2) Where an
application has not been made for a mining lease or a retention lease in
respect of land comprised in a mineral claim within 12 months after
registration of the claim, the claim shall lapse.
(3) Where an
application is made for a mining lease or a retention lease in respect of land
comprised in a mineral claim, and the application is refused, the claim shall
lapse.