Guidance material for exploration
On 1 June 2017, the department updated various guidelines and assistance tools relating to security deposits and rehabilitation cost estimates (RCE).
This included a new rehabilitation cost estimation tool. There was a staged implementation of the RCE tool with a seven month transition period between 1 June 2017 and 1 January 2018.
This enabled title holders who had commenced preparing a RCE using the former ESB26: Schedule of rehabilitation costs to complete their RCE and raise appropriate security on this basis.
From 1 January 2018, title holders are to use the new RCE tool when preparing their next RCE.