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Page 1 of 11 Mining Lease- 110324 <br /> COLORADO <br /> STATE BOARD OF LAND COMMISSIONERS <br /> AGENDA: 05.12.2016 1 FINAL ACTION <br /> TOPIC..................................................... Mining Lease - 110324 <br /> STRATEGIC PLAN....................................... Goal 1.2: Grow and diversify recurring <br /> revenue <br /> COUNTY.................................................. Moffat <br /> PROJECT MANAGER................................... Phillip Courtney, Solid Minerals Leasing <br /> Manager <br /> 77 <br /> NOW <br /> Lease No. Type Lessee Rent/Acre Annual Rent Acres Exp. Date <br /> 102049� AG Russell Moon $1.20 $304.92 254.02 11.17.2023 <br /> Lease/s/ROW: Proposed <br /> Lease No. Type Lessee Rent/Acre Annual Rent Acres Exp. Date <br /> 110324 SM I AuPt Industries, LLC $3.00 $243 + Royalty 80.91 5.12.2021 <br /> SUMMARY <br /> Colorado State Board of Land Commissioners (State Land Board) staff recommends that the State Land <br /> Board (Board) issue a mining lease for 80.91 acres of state trust mineral estate located in Moffat County <br /> to AuPt Industries, LLC (AuPt). <br /> BACKGROUND <br /> The proposed lease covers 80.91 acres in section 24, T12N-R94W (6th PM) in M�ffat County (Figure 1). <br /> The State Land Board owns both the surface and the minerals on this acreage. <br /> /� COLORADO <br /> State Land Board <br /> «riac�aaF Page 1 of 5 <br /> 5.12,2016 <br />