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COLORADO DIVISION OF MINING, RECLAMATION AND SAFETY <br /> ANNUAL REPORT FOR <br /> CHAVERS MINING RESOURCE <br /> M2015-030 <br /> ASPHALT SPECIALTIES CO., INC. <br /> JULY 6, 2016 TO JULY 6,2017 <br /> 1. TOTAL ACRES IN PERMIT AREA: 70 <br /> 2. TOTAL PERMITTED MINEABLE ACRES: APPROX. 58 <br /> 3. CURRENT TOTAL ACRES DISTURBED: 29 <br /> 4. TOTAL ACRES MINED DURING REPORT YEAR: 6 <br /> 5. CURRENT TOTAL ACRES IN VARIOUS STAGES OF RECLAMATION: 4 <br /> 6. TOTAL ACRES RECLAIMED DURING REPORT YEAR: 4 <br /> 7. APPROXIMATE ACREAGE TO BE MINED IN NEXT REPORT YEAR: 1.5 <br /> 8. APPROXIMATE ACREAGE TO BE RECLAIMED IN NEXT REPORT YEAR: 1.5 <br /> This is the first year of mining and operations on this permit site. Activities included <br /> preparation of the plant site for aggregate production,mining and backfill of the concrete <br /> plant site and development of the sedimentation(wash water)ponds for aggregate <br /> washing. A large pile of virgin(pit run) aggregate was stockpiled and is being used for <br /> processed aggregates for the remainder so 2017 and possibly into 2018. <br /> This site is undergoing an amendment to add approximately 30 acres to the permit area <br /> and mining will proceed into the northeastern location of the amendment area. <br /> The annual report map accompanies this report and DRMS form. <br /> Sufficiency of Value of Financial Warranty <br /> The permittee holds a Financial Warranty for the permit through Great American <br /> Insurance Company in the full amount of$1,233,955.00, a figure sufficient to achieve the <br /> current reclamation requirements under the permit. This bond was put in place with the <br /> DRMS in June 2016. <br /> A check in the amount of$791.00 is being submitted with this report to cover the Annual <br /> Fee required to maintain this permit in good standing <br />