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COLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />MEMORANDUM <br />FILE: M -1977 -285 <br />M -1977 -416 <br />M- 1978 -039 HR <br />M -1980 -055 HR <br />M- 1981 -021 <br />M -1997 -032 <br />DATE: August 27, 2014 <br />Sunday Mine SO-5,,/ <br />Carnation Mine <br />SO -6 <br />St Jude Mine <br />SO -6 <br />Topaz Mine <br />SO -6 <br />West Sunday Mine <br />SO -5 <br />Van 4 Mine <br />SO -3 <br />SUBJECT: Review of Current Bond Amounts <br />FROM: Bob Oswald V/,., <br />The permits named above are presently being transferred from Energy Fuels Resources (USA) Inc. to <br />Pinon Ridge Mining, LLC. <br />The bond amounts for the permits were recalculated March 2012, just prior to the approval of the <br />Amendments for the Environmental Protection Plans. <br />Staff has reviewed the sufficiency of the current bond amounts, and finds that the individual reclamation <br />task costs have increased between 0.1% and 2.2 %. As such, staff considers the current bond amounts to <br />be adequate at this time, and the permit transfers may proceed without bond adjustments. <br />The bonds for these permits are scheduled for complete reviews in 2016. <br />Cc: Russ Means, DRMS Grand Junction <br />Dustin Czapla, DRMS Grand Junction <br />Barbara Coria, DRMS Denver <br />(c:U4 -08 docs\EFR FWs Adeq -SO to PRM/rco) <br />q. y <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http: / /mining.state.co.us <br />John W. Hickentooper, Governor I Mike King, Executive Director ( Virginia Brannon, Director <br />