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d A Iy1 4; <br />(� NUV 03ZU14 <br />DIVISION OF RECLAMATION, <br />0 RALS AWE <br />REPO MAP FW <br />MP Annual Report <br />Permittee Name: <br />Seaglass Holding Corp. dba US Rare <br />Earths <br />Permit Number: <br />P -2011 -024 <br />Operation Name: <br />Powderhorn Project Exploration <br />Drilling Program <br />County: <br />Gunnison <br />Annual Fee Due: <br />$86.00 <br />Anniversary Date: <br />November 4, 2014 <br />Permit Acreage: <br />0.02 <br />Current Bond Amt: <br />$8,225.00 <br />According to Colorado Statute, each year, on the anniversary date of the permit, an operator shall submit the Annual Fee,an <br />Annual Report and Map showing the extent of current disturbances to affected land, required monitoring information,reclamation <br />accomplished to date and during the preceding year, any new disturbance that is anticipated to occur duringthe upcoming year, <br />any reclamation that will be performed during the upcoming year, the dates for the beginning of active operations, and the date <br />active operations ceased for the year. <br />Information contained in this report is required and will be reviewed by the Division upon receipt and prior to the next <br />compliance inspection of the site. If, while completing this report, you learn that your site is not in compliance with the rules and <br />the act, it is advisable that the issues be rectified promptly to avoid possible enforcement action. <br />Recommended response for Permittee- Yellow Highlight for YES/NO/NA <br />1. Is the affected area boundary clearly marked if you have an excavation or portal? YES NO <br />The permittee, as informed, does not have any excavations or portals in the NOI area. <br />An old, pre -NOI permittee activity, shaft is near the NOI activity, not a responsibility of the permittee. <br />2. Is the site in final reclamation? YES NO <br />If "YES," please note time limits related to completion of reclamation, Rule 3.1.3. <br />3. What was the date of last exploration activity? Last exploration activity was 11/15/2011. <br />4. What date did prospecting activity end, or what date is it expected to end? Rule 5.6.1(e). <br />Permittee expects to expand prospecting next season (2015) with modified/amended NOI as approved. <br />Permittee expects prospecting to continue for at lease two more years. <br />5. Number of acres currently affected (exploration+ incomplete reclamation). <br />Per permit, permittee has allowance for 5 drill sites at .02 acres per site for a total of 0.1 acres disturbance. <br />6. Number of acres that were newly affected during the current report year. <br />None. <br />7. Number of acres that were reclaimed during the current report year. <br />None. Pennittee reclamation, as informed, was completed on all 2011 <br />grading, and vegetation /weed inspections. <br />8. Estimated new acreage to be affected in the next report year. <br />disturbance acti .ty less verification of seeding, <br />i <br />0 -.02 acres pending application and approval of any amendments to the existing NOI by permittee. <br />9. Estimated acres to be reclaimed in the next report year. <br />0.1 acres of 2011 disturbance review for complete compliance. As needed; Seeding/fin4l grading as needed/mulching, <br />and fertilization. <br />