43 C.F.R. § 3581.4-2
Current through October 31, 2024
If the authorized officer finds the application sufficient to authorize the issuance of a lease, he/she shall establish a rate of royalty of not less than 5 percent or more than 121/2 percent of the value of the output of gold, silver or quicksilver at the mine and also shall establish the amount of investment required under the lease.
43 C.F.R. §3581.4-2