(1) An extractive mineral lease is a mineral title that gives the title holder:
(a) the right to occupy the title area specified in the EML; and
(b) the exclusive right to conduct mining for extractive minerals in the title area and other activities specified in section 57 .
(2) The rights of the title holder may be exercised only:
(a) during the period the EML is in force; and
(b) in accordance with this Act and the conditions of the EML.