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EXHIBIT L <br /> RECLAMATION COSTS (revised 5/5/20) <br /> The following information is provided to evaluate the amount <br /> of bond needed when mining has reached a point where L.G. Everist, <br /> Inc . has approximately 180 acres disturbed in some form or <br /> another. Not all of the 180 acres will be disturbed as some areas <br /> may be reservoirs that await certification and final release and <br /> need no other work to reclaim them. The numbers presented for each <br /> item are based on what is estimated to be disturbed at the time <br /> when mining has impacted much of the areas in Phase 1 , 1A, 2 , 2A <br /> and 3 . At this mine, it will not be necessary to import fill <br /> material to complete reclamation in Phases lA and 2A, as discussed <br /> in the Mining Plan The RECLAMATION ACTIVITIES table below shows <br /> the various items needed to reclaim the western side of the permit <br /> area once full production is taking place in that area . Due to <br /> the nature of this operation, we feel that it represents the one <br /> single period during mining on the western Phases when it would be <br /> most expensive to bond the operation. In this scenario : <br /> Phase 1 is reclaimed and waiting release so little needs to <br /> be done to reclaim it . The only cost associated with this is a <br /> cost to reseed the above-water area if needed (8 . 00 ac) . Bonding <br /> for the slurry wall is not included because it has been certified. <br /> Phase lA will be nearly two-thirds backfilled. Material to <br /> complete backfilling in this phase will be stockpiled on the south <br /> end of Phase lA and North end of Phase 3 to reduce the haul <br /> distance . There is 5 . 0 acres of backfilling left to a level that <br /> is 2 feet above the existing highwater elevation. No side sloping <br /> will be required, so 212 , 200 yards of fill material is needed for <br /> backfilling. Most of the backfilled area has been resoiled, <br /> leaving only 8 . 0 acres to soil (10, 800 yards) . No seeding is <br /> needed, as area will become cropland. <br /> Phase 2A would be one-third backfilled. Resoiling and finish <br /> grading is needed. There are 10 . 0 acres of backfilling left to a <br /> point that is 2 feet above the existing highwater elevation. No <br /> side sloping is required, so 387, 800 yards of fill material is <br /> needed for backfilling. No resoiling is completed so that is <br /> needed (20 , 300 yards) . No seeding is needed, as area will become <br /> cropland. Adequate soil and overburden will be stored on the <br /> south side of Phase lA or the east side of this phase for use on <br /> this area . <br /> Phase 2 would be at a point when approximately 40% is mined, <br /> there are 30 acres stripped in front of the working face . The <br /> L.G.Everist,Inc. Ragsdale Reservoirs May 5,2020 <br /> 80 <br />