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Name of Addressee <br />Page 2 <br />Date <br />$135,673.14 (25% of $542,692.57) with the approval of SL -15. The total amount associated with specific <br />tasks related to the SL -15 request is $451,748.94. <br />With the SL16 RCE and associated revisions post-SL16, the Division determined that costs to complete <br />remaining reclamation associated with the New Horizon Mine were $4,637,636.14. After adjusting the <br />RCE to account for tasks completed under SL -15 the Division determines the costs to complete remaining <br />reclamation to be $4,185,887.20 ($4,637,636.14 - $451,748.94). However, per Rule 3.03.1(2), the <br />Division can release only the amount of $135,673.14 (25% of $542,692.57) of the original $4,637,636.14 <br />with the approval of SL -15. As such, the Division has determined that the remaining required liability at <br />the New Horizon Mine to be $4,501,963.00. <br />Two Reclamation Cost Estimates will accompany this memo. One, titled Total Applicable Bond for <br />111.4ac SL -15, identifies all tasks associated with the bond release area. The second, titled Summary of <br />SU 5 tasks, identifies tasks associated with the specific areas requested for Phase II release under SL -15. <br />Please let me know if you have any questions. <br />