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Reclamation Costs <br /> The work proposed herein,which encompasses the Phase 2 requirements under the Work Plan,is <br /> considered reclamation and is a permanent improvement relative to the present conditions. There will be <br /> no new disturbance from the proposed work. <br /> Caldera incurred costs of$27,624 to complete the 1-acre test plot in October 2017,broken down as <br /> follows: <br /> • $6,130 mobilization,material handling, and delivery <br /> • $20,740 materials, labor,equipment and fuel to complete steps 1-3 <br /> • $754 seed mixes <br /> Of the 1-acre test plot,approximately 0.75 acres overlaps with the 3.2-acre area of the slope that is <br /> applicable to Phase 2 of the Work Plan,leaving a remainder of 2.45 acres that still requires treatment. <br /> Caldera estimates the total remaining costs to complete the work proposed herein will be approximately <br /> $67,680 (2.45 acres multiplied by$27,624). <br /> Simultaneous with ratifying the AOC, Caldera provided$1,900,000 of fmancial assurance to EPA using a <br /> combination of cash and a deed of trust(collectively"CB Trust"). The amount of the CB Trust is equal <br /> to the estimated costs to complete Phase 1 of the Work Plan. Costs to complete Phase 2 of the Work Plan <br /> are not included in the CB Trust. <br /> Upon Caldera's submittal of TR-06, EPA will defer to the Division's administration of Financial <br /> Warranty(FW)through the mining permit to complete Phase 2 of the Work Plan. The current FW held <br /> by the Division is $90,000. Caldera proposes to increase the FW by$67,680,which would bring the total <br /> FW held by the Division to $157,680. <br /> Page 4 of 4 <br />