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OXBOW MINING, LLC ELK CREEK MINE CDRMS FILE C-1981-022 PHASE III FINAL BOND RELEASE APPLICATION (SL-07) Date of Request: April 25, 2022 Permittee: Oxbow Mining, LLC (OMLLC) Permit Number: C-1981-022 Initial Permit Approval Date: October 11, 1983 Mine Name: Elk Creek and Sanborn Creek Mines (Elk Creek Mine) Bond Release Phase Requested: Phase III Acreage: Current Permit Area: + 15,676.51 acres Maximum Area Disturbed: +226.99 acres Area Sought for Release: +21.24 acres Bonding Company: Lexon Insurance Company Bond Number: 1069009 Amount of Bond Release Requested: 100% of applicable reclamation bond amount for Phase III bond release areas. Total Bond Amount Currently Held: $1,795,770.40 Current Actual Bond Liability Amount(as of February 24. 2022): $1,795,770.40 The amount requested for release will be based on the amount determined to apply to the reclaimed surface disturbance,drill holes, sites, and roads. This amount is being currently calculated. When the bond amount applicable to the reclamation is determined, OMLLC requests a total of 100% of the applicable bond amount for areas where Phase III bond release is sought in accordance with CDRMS Rule 3.03.1(2)(b). The amount released will be 100% of the remaining reclamation bond amount calculated for the reclaimed areas identified in this bond release application. Legal Description of the Area Requested for Bond Release:The following table,Oxbow Mining, LLC:2020 and 2021 Phase III Site Eligibility_presents the locations or sites to be considered for bond release under this application. The reclaimed areas requesting bond release are located within the permit area; comprised of portions of Sections 27-34, T12S, R90W; Sections 25-27 and 34-36, T12S, R91 W; Sections 6 and 7, T13S, R89W; Sections 1-12 and 17, T13S, R90W; Sections 1-3 and 11-13,T3 S, R91W;all within the 6th PM.