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NEWMONT <br /> GOLDCORP., <br /> approved overburden storage area. Timing, drift length, and estimated tons for each of <br /> the three proposed phases is outlined in Table 1 , below. <br /> Table 1 — Underground Exploration Drift Specifics <br /> Approximate Length Estimated Tons <br /> 1 2020-2021* 5,300 feet* 116,000* <br /> 2 2022 — To Be Determined* 14,400 feet* 316,000* <br /> 3 To Be Determined By Phase 2 Outcomes* <br /> May vary due to changing mining or economic conditions. <br /> Five support buildings will be constructed at the bottom of the Main Cresson Pit, as <br /> detailed in Figure 3. <br /> Other Permits and Licenses: <br /> A no-impact Technical Revision will be filed with Teller County. Additionally, CC&V will <br /> work with Colorado Department of Public Health and Environment, Air Pollution Control <br /> Division on any permitting requirements associated with underground exploration <br /> activities. <br /> Implementation Schedule: <br /> Pending DRMS approval of this TR, CC&V will begin construction of the proposed <br /> portal, ventilation system, and associated underground facilities immediately. <br /> Exploration activities are expected to begin in the second quarter of 2020. <br /> Financial Warranty: <br /> CC&V utilized the Standard Reclamation Cost Estimator (SRCE) to calculate a <br /> reclamation cost for demolition of the concrete pads and structures. The cost estimated <br /> by SRCE for this work and other associated reclamation is $260,338; as shown in Table <br /> 2, below, bringing the total of the new required financial warranty to $208,460,804; <br /> which CC&V will account for out of the surplus financial warranty. Pending DRMS <br /> approval, the new required financial warranty will be $208,460,804, thus leaving a <br /> surplus of $1,030,384. <br />