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Name of Addressee <br />Page 2 <br />Date <br />Task 081B - The approval of SL18 will remove all ripping tasks associated with the BB detour road. Task <br />081 B will be removed from the RCE. <br />Task 082B - The approval of SL18 will remove all material haulage tasks associated with the BB detour <br />road. Task 082B will be removed from the RCE. <br />Based on the Division's SL16 RCE and associated revisions post-SL16, the costs to complete remaining <br />reclamation associated with the New Horizon Mine is $4,667,989.83. Based on the total disturbed area <br />reported in the 2015 ARR of 801.96, the 23.5 acres that are requested for Phase I bond release make up <br />approximately 2.93% of the total disturbed area. Per Rule 3.03.1(2), the Division can release up to 60% of <br />the entire bond amount for Phase I release. 60% of $4,667,989.83 is $2,800,793.90. The total amount <br />that the Division can release per Rule 3.03.1 (2) is $82,063.26 (2.93% of 60%). <br />With the SU 6 RCE and associated revisions post-SL16, the Division determined that costs to complete <br />remaining reclamation associated with the New Horizon Mine were $4,667,989.83. After adjusting the <br />RCE to account for tasks completed under SL -17 the Division determines the costs to complete remaining <br />reclamation to be $4,585,926.57. Per Rule 3.03.1(2), the Division can release the entire amount of <br />$82,063.26 of the original $4,667,989.83 with the approval of SL -16. As such, the Division has determined <br />that the remaining liability at the New Horizon Mine to be $4,585,926.57. <br />Please let me know if you have any questions. <br />