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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 />