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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 Phase I Phase I Phase II Phase II Phase III Phase III <br /> Disturbed Released Remaining Released Remaining Released Remaining <br /> SL-1 239.2 19.4 219.8 0 239.2 0 239.2 <br /> SL-2 1 239.2 1 138.74 1 81.06 1 72.69 1 166.51 1 2.33 1 236.87 <br /> SL-4 1 239.2 5.7 75.36 5.7 160.81 16.4 220.47 <br /> Table 3 <br /> Maximum Bond Eligible For Release per Rule 3.03.1(2) <br /> SL-4 Acres SL-4 Total (239.2 acres) <br /> Phase 1-60% 5.70 $61,822.76 $2,594,386.68 <br /> Phase 11-25% 5.70 $25,759.48 $1,080,994.45 <br /> Phase III- 15% 16.40 $44,469.00 $648,596.67 <br /> Total $132,051.25 $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 />