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Annual Report—2015 <br /> Henderson Mine and Mill Reclamation Activities <br /> Permit No. M-1977-342 <br /> 3.0 Anticipated 2016 Activities <br /> 3.1 Prospecting <br /> No prospecting activities are currently planned for 2016. <br /> 3.2 Ute Park Extraction Wellfield—Phase III <br /> Phase III of the Ute Park Extraction Wellfield is was originally planned for 2016, but has been <br /> rescheduled for calendar year 2017. <br /> 3.3 Gravel Pit <br /> No gravel production is currently planned for 2016. <br /> 3.4 Aspen Canyon Well <br /> Henderson Mill continues to evaluate the Aspen Canyon well and is working with the landowner to <br /> identify potential solutions to the elevated levels of iron and manganese which Henderson believes is <br /> originating from the corrosion of their installed drinking water well casing. <br /> 3.5 Closure Planning <br /> Henderson is currently undergoing pre-feasibility level investigations around future water treatment and <br /> tailing closure. All work being completed at this time is conceptual level. <br /> 3.6 Mine POC Well <br /> Henderson is currently preparing a memo regarding the groundwater protection program associated with <br /> MNGW-1 at the Henderson Mine and more recently installed MNGW-3 and MNGW-4 wells. This <br /> memo will identify a paths forward for the Division's review and input. <br /> 3.7 Reclamation <br /> No reclamation is planned for calendar year 2016 <br /> 4.0 Financial Warranty <br /> Henderson received the DRMS letter regarding Financial Warranty Status Review (January 12, 2016). <br /> Henderson is currently working to update the valuation for Henderson and Climax water rights, and will <br /> then need to obtain MLRB approval for bonding. Once a new bond is in place,Henderson will submit an <br /> amendment to include URAD Treatment Plant in the Affected Land Boundary and incorporate as an <br /> Environmental Protection Facility. <br /> Page 4 <br />