79. For the renewal of a development licence, only the work done during the current year of the licence shall count as required work.
However, geological, geophysical and geochemical surveying, drilling, sampling, tests, analyses and exploration done in the same territory during the twelve months preceding the current year of the licence shall count for the purpose of calculating the cost of the required work if their cost has not already been counted.
1965 (1st sess.), c. 34, s. 82; 1970, c. 27, s. 20.