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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman St. Room 215 <br /> Denver, CO 80203 <br /> May 12, 2021 <br /> Justin Bilyeu <br /> Mahogany Energy Resources, LLC <br /> 285 8ch St <br /> Meeker,CO 81641 <br /> RE: Shale Core 2020-01, File No. P-2021-002, Receipt of Notice of Intent to Conduct Prospecting <br /> Operations for Hard Rock/Metals Mines Application Package <br /> Dear Mr. Bilyeu: <br /> On May 6, 2021, the Division of Reclamation, Mining and Safety filed your Notice of Intent to Conduct <br /> Prospecting Operations for Hard Rock/ Metal Mines Application package for the Shale Core 2020-01, File <br /> No. P-2021-002 located in Rio Blanco County. The decision date for your application is scheduled for <br /> Monday,July 5, 2021. <br /> The Division has reviewed the revised application materials that were submitted on May 6, 2021 and <br /> deemed the information adequate for approval. <br /> In reviewing the materials submitted the Division has determined that the $2,000 currently held by the <br /> Division is inadequate to fulfill the reclamation requirements and additional bonding is necessary. Division <br /> calculations estimate the cost to reclaim the above referenced site to be $6,805.00. Attached is a copy the <br /> reclamation cost estimate. The additional bond amount of $4,805.00 must be posted by the 60 day <br /> deficiency deadline (Monday,July 5, 2021). <br /> Please complete the attached financial warranty documents and return them to Sara Stevenson-Senn at the <br /> Divisions Denver Office. If you have additional questions regarding completion,execution and/or submittal <br /> of financial warranty forms please contact Sara directly at 303.866.3567,ext. 8148. <br /> This letter shall not be construed to mean that there are no other technical deficiencies in your application. <br /> The Division will review your application to determine whether it is adequate to meet the requirements of <br /> the Act after submittal of all required items. <br /> If you have any questions concerning our request, please contact us. <br /> 1313 Sherman St. Room 215 Denver, CO 80203 P (303)866-3567 F(303)832-8106 https://mining.state.co.us O <br /> Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director <br /> )ova <br />