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at Phase H and the remaining 15% can be released at Phase III. Table 2 shows the bond release history <br />at the Elk Creek Mine, with the acres that have achieved each phase of bond release. Table 3 shows the <br />maximum amount of bond eligible for release based on the acreages in Table 2. <br />Table 2 <br />Elk Creek Mine C-1981-022 Bond Release History <br />Bond Release Acreage <br />Total <br />Disturbed <br />Phase I <br />Released <br />Phase I <br />Remaining <br />Phase II <br />Released <br />Phase II <br />Remaining <br />Phase III <br />Released <br />Phase III <br />Remaining <br />SL-1 <br />239.2 <br />19.4 <br />219.8 <br />0 <br />239.2 <br />0 <br />239.2 <br />SL-2 <br />1 239.2 <br />1 138.74 <br />1 81.06 <br />1 72.69 <br />1 166.51 <br />1 2.33 <br />1 236.87 <br />SL-4 <br />1 239.2 <br />1 5.7 <br />1 75.36 <br />1 5.7 <br />1 160.81 <br />1 16.4 <br />1220.47 <br />Table 3 <br />Maximum Bond Eligible For Release per Rule 3.03.1(2) <br />SL-4 Acres <br />SL-4 <br />Total (239.2 acres) <br />Phase 1 - 60% <br />5.70 <br />$61,822.76 <br />$2,594,386.68 <br />Phase 11- 25 % <br />5.70 <br />$25,759.48 <br />$1,080,994.45 <br />Phase III - 15% <br />16.40 <br />$44,469.00 <br />$648,596.67 <br />Total <br />$132,051.25 <br />$4,323,977.80 <br />The reclamation liability prior to SL-2 was $2,273,966.33. Based on the maximum bond eligible for <br />release amount from Table 3, the minimum new reclamation liability is $2,141,915.08 (that is, <br />$2,273,966.33 - $132,051.25). <br />The Division estimates the cost to complete the reclamation tasks remaining at the Elk Creek Mine to be <br />$2,079,005, based on subtracting the cost of the tasks associated with SL-2 and SL-4 from the most <br />recent site -wide Reclamation Cost Estimate (SL-1/RN-7). <br />Since the minimum new reclamation liability ($2,141,915.08) exceeds the estimated cost of remaining <br />reclamation ($2,079,005), the maximum eligible amount ($132,051.25) will be released with SL-4. The <br />amount of bond to be released is summarized in Table 4. <br />Following the issuance of SL-4 the new reclamation liability for the Elk Creek Mine will be <br />$2,141,915.08. <br />C-1981-022, SL-4 Page 9 of 10 <br />