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COLORADO <br /> UDivision of Reclamation, <br /> Mining and Safety <br /> Department of natural Resources <br /> 1313 Sherman St. Room 215 <br /> Denver, CO 80203 <br /> March 16,2022 <br /> Kelly Hodge <br /> Broken Arrow Investments LLC <br /> 801 8th St., Ste. 130 <br /> Greeley,CO 80631-3903 <br /> Re: Derr Pit,Permit M2008-017,Financial Warranty Reduction Approval,Revision SR1 <br /> Mr. Hodge: <br /> I am pleased to inform you that on March 16, 2022 the Division of Reclamation Mining and Safety <br /> approved the Surety Reduction Request SL1. In accordance with Rule 4.17.2(5)the Division is required <br /> to wait thirty (30) days from this notice to allow for appeal of the Division's decision. Once this period <br /> closes,if no appeal is submitted,the Division's decision will be final. <br /> The Division's final approval of this revision will reduce the required financial warranty by$1,408,329.00 <br /> with a remaining financial warranty of$753,487.00 in effect until a subsequent bonding adjustment is <br /> initiated by the Division,a subsequent permit revision approved,or the permit is reclaimed and released. <br /> This decision only reduces the amount of the financial warranty, and does not approve any release of <br /> reclamation responsibility or existing permit requirements. <br /> If you have any questions please contact DRMS Bonding Specialist Sara Stevenson-Benn by email at <br /> Sara.Stevenson-Benn@state.co.us <br /> Sincerely, <br /> 6�W- javl- <br /> Eric C. Scott <br /> Environmental Protection Specialist <br /> cc: Sara Stevenson-Benn, <br /> Division of Reclamation,Mining and Safety <br /> M-FW-13 <br /> O� C <br /> 1313 Sherman St. Room 215 Denver, CO 80203 P (303)866-3567 F(303)832-8106 https://drms.coiorado.gov I <br /> Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director * * <br /> *1876 <br />