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EXHIBIT L <br /> RECLAMATION COSTS <br /> The reclamation costs for the Loloff pit are broken down to a final grading cost, a re-seeding cost and a <br /> slurry wall construction cost. Attached is a breakdown of the cost for the entire site as was presented in <br /> the Loloff Pit Permit M-1985-112 Technical Revision No. 1. The re-seeded and regraded areas for the <br /> amended areas is negligibly smaller than the area used for the bonding calculations in Loloff Pit TR-01 <br /> for Phase 3 of the mine plan and does not impact the bonding calculations for reclamation in Phases 1 <br /> and 2. The revised bonding calculations for the slurry wall have been revised to include the amended <br /> areas and a total wall length decrease of approximately 40 feet. The attached bonding calculations <br /> show a reduction of$7,115 in the total financial warranty required. <br />