(1) If the Joint Authority grants an extension of an exploration licence under section 95 or 97, the Joint Authority must give the licence holder a written notice that informs the holder of:
(a) the grant of extension; and
(b) the period of the extension; and
(c) if the extension is subject to conditions--the conditions.
(2) If the Joint Authority refuses an application for a licence extension, the Joint Authority must give the licence holder a written notice that informs the holder of:
(a) the refusal; and
(b) the reasons for the refusal.