There is a process that you are going to have to go through if you want to own a mining tenement. Buying a mining title involves a lot of loopholes and roadblocks and navigating this treacherous terrain all on your own can be an extremely annoying, frustrating and altogether difficult enterprise. This is why you should try your best to prevent such things from ruining your experience and hire a company to help you out with the process instead. However, there are certain things that you should be wary of on your own as well, things that you should check out before you finalize anything.
One thing that you should certainly look into is what kind of title you are buying. Check what mineral is supposed to be offered there and have someone do an audit of the land to ensure that the mineral is in plentiful supply. You should also make sure that your contract has a conditional clause that would keep you safe in case you don’t actually find any minerals there. There are laws protecting you, you need to familiarize yourself with these laws so that you know exactly how you can protect yourself from some pretty significant financial loss.
You should also look into getting some legal counsel so that you have several different sources of advice all at once, thus allowing you to sit back and relax knowing that everything is going to be handled for you. Austwide provides mining tenement advice and services, so if you want to make the most of what you have you should acquire their services and take advantage of them as soon as possible. Try to read up on them beforehand so that you are sure that they’re a company you can trust.