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Cotter <br />January 6, 2016 <br />Division of Reclamation, Mining and Safety <br />Department of Natural Resources <br />Attn: Michelle Ramierz <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Subject: SR -11 Mine Annual Report <br />File No. M-1977-451 <br />Dear Ms. Ramierz: <br />The SR -11 Mine is located in San Miguel County and operates under a <br />112 permit with a permitted acreage of 13.3 acres. This mine has a <br />phased reclamation plan. <br />A new map is enclosed, although no changes have occurred since the <br />last annual report. <br />The sufficiency of the financial warranty for the above captioned <br />permit has been reviewed by DRMS and Cotter Corporation and was <br />found sufficient to cover the reclamation costs associated with <br />this property. <br />Enclosed please find a check in the amount of $1150.00 as payment <br />for the annual fee. <br />If you need additional information, please call me at 858-455-3275. <br />Sincerely, <br />COTTER CO PORATION <br />Ji id Sheridan <br />Mine Manager <br />DRMS SR11 16 <br />Cotter Corporation - West Slope Operations Telephone (970) 864-7347 <br />P.O. Box 700, 28151 DD Road, Nucla, CO 81424 USA Fax (970) 864-7287 <br />