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Tom Schlosser <br />April 24, 2015 <br />Page 2 of 2 <br />Financial Warranty for the cost to re- vegetate the Phase One area, until it is fully releasable. <br />EXIIIBIT L - Reclamation Costs (Rule 6.4.12): <br />The Division has completed the Financial Warranty calculation for the proposed operation. The <br />reclamation cost estimate has been calculated in the amount of $111,300.00; this covers the cost to <br />reclaim the Phase One area (maximum allowed disturbance of 20 acres) as proposed in the Mining and <br />Reclamation Plans. Please review the enclosed figures as soon as possible and contact our office if any <br />calculation errors are noted. <br />This concludes the Division's additional adequacy review of this application. This letter shall not be interpreted to <br />mean that there are no other technical deficiencies in your application. Other issues may arise as additional <br />information is supplied. Please be advised the 112c application for the Schlosser Pit 1 permit may be deemed <br />inadequate, and the application may be denied on May 1, 2015, unless the above mentioned adequacy review <br />items are addressed to the satisfaction of the Division. If more time is needed to complete the reply, the <br />Division can grant an extension to the decision date. This will be done upon receipt of a written waiver of <br />the Applicant's right to a decision by May 1, 2015 and the request for additional time. This must be <br />received no later than the deadline date. <br />If you need additional information or have any questions, please contact me at Division of Reclamation, Mining <br />and Safety, 1313 Sherman Street, Room 215, Denver, CO 80203, by telephone at 303 - 866 -3567 x8132, or by email at <br />elliott.russellAstate.co.us. <br />Sincerely, <br />%-� <br />Elliott R. Russell <br />Environmental Protection Specialist <br />Enclosure: Reclamation Cost Estimate <br />Cc: Wally Erickson; Division of Reclamation, Mining & Safety <br />Ray Leahy; Consultant <br />PO Box 523 <br />Spearfish, SD 57783 <br />