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COLORADO <br /> Division of Reclamation, <br /> Ago f Mining and Safety <br /> I Depawrww or Narurtt rbE"g es <br /> October 28,2020 <br /> New Elk Mining Company, LLC <br /> 12250 State Highway 12 <br /> Weston CO, 81091 <br /> RE: Coal Exploration No.X-2020-232-02 <br /> Third Adequacy Letter <br /> The Division has reviewed the above-referenced application for Notice of Intent to Conduct Coal <br /> Exploration,NOI No. X-2020-232-03 in accordance with the applicable provisions of the Colorado Surface <br /> Coal Mining Act("Act") and the Regulations of the Colorado Mined Land Reclamation Board for Coal <br /> Mining ("Regulations), and has the following comments. <br /> 1. Please ensure that the requested expiration date in the NOI application is selected far <br /> enough into the future to include not only all exploration operations but the time <br /> required to complete all reclamation activities as well. <br /> 2. Please ensure Notice has been put on file at the county courthouse in the vicinity of the <br /> exploration area, as required by Rule 2.08.8(1) <br /> Determination of Amount of Performance Bond [Rule 3.05.2(1)] <br /> The Division has prepared a preliminary estimate of the amount of performance bond sufficient to assure <br /> the satisfactory reclamation of the proposed coal exploration disturbance if, in the event of bond forfeiture, <br /> the work had to be performed by the Division through independent contractors. The amount of performance <br /> bond calculated was$85,625.00. <br /> Upon acceptance of NOI X-2020-232-03 coal exploration cannot be initiated prior to receiving the bond. <br /> If you need additional information or have any questions,please contact me at Division of Reclamation,Mining <br /> and Safety, 1313 Sherman Street,Room 215,Denver,CO 80203,by telephone at 720-618-0860,or by email at <br /> tabetha.lynch&state.co.us. <br /> Sincerely, <br /> Tabetha Lynch <br /> Environmental Protection Specialist <br /> Attachments <br /> Reclamation cost estimate <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 https://colorado.gov/drms y� <br /> Jared Polis, Governor Dan Gibbs, Executive Director Virginia Brannon, Director <br />