2021-12-09_REVISION - C1981010 (7)

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V. PROPOSED DECISION Based on the above observations,the Division proposes to approve Trapper Mining, Inc.'s request for a partial Phase III bond release for the 265.5 acre bond release block as per Table 3 below. This proposed decision will release the applicant from Phase III reclamation liability for those SL23 bond release parcels totaling 265.5 as shown above in Table 2. Table 3: Post SL23 Liability Phase Bond Release Area Cost Accounting Liability Acres Cost/Acre % Worst Case Post SL23 Bond $25,529,675.34 2541.4 $10,045.48 100% Phase I Bond Release $1,184,160.81 294.7 $4,018.19 40% Phase II Bond Release $653,268.48 432.8 $1,509.40 15% Requested Phase III Acres 265.5 Required Suretv $27,367,104.63 Post SL23 Acreage Phase 1 4684.5 Phase 2 4389.8 Phase 3 3957.0 For the Trapper Mine,the current required surety amount for the site is $27,767,850.00 (SL22). The Division currently holds a bond in the amount of$28,000,000.00. The Division proposes to release reclamation liability in the amount of$400,745.80 for the 265.5 acre SL23 bond release application. However, should Trapper Mining, Inc.reduce its bond by$400,745.80,the remaining bond amount $27,599,254.20 (performance bond held—SL23 proposed reduction in liability),would be sufficient to complete the remaining reclamation. Any person with a valid legal interest which might be adversely affected by this proposed decision may request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule 3.03.2(6). Public notice of this proposed decision will be published twice in the CO Mountain News Media- Craig Daily Press as soon as possible. Requests for public hearing must be submitted to the Division in writing within thirty days of the day following the first publication in the CO Mountain News Media- Craig Daily Press. If no hearing is requested within those thirty days,the Division's decision will become final. Permit Number. C1981010 Page 16 of 16