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OXBOW MINING, LLC <br /> ELK CREEK MINE <br /> CDRMS FILE C-1981-022 <br /> PHASE III FINAL BOND RELEASE APPLICATION (SL-08) <br /> Date of Request: October 31, 2022 <br /> Permittee: Oxbow Mining, LLC (OMLLC) <br /> Permit Number: C-1981-022 <br /> Initial Permit Approval Date: October 11, 1983 <br /> Mine Name: Elk Creek and Sanborn Creek Mines (Elk Creek Mine) <br /> Bond Release Phase Requested: Phase III <br /> Acreage: Current Permit Area: + 15,676.51 acres <br /> Maximum Area Disturbed: +226.99 acres <br /> Area Sought for Release: + 9.50 acres <br /> Bonding Company: Lexon Insurance Company <br /> Bond Number: 1069009 <br /> Amount of Bond Release Requested: 100% of remaining applicable reclamation bond <br /> amount for Phase III bond release areas. Oxbow is requesting the remaining 15% of the <br /> total applicable reclamation bond amount for the Phase III bond release areas in SL-08. <br /> This amount has been preliminarily calculated to be$11,273.50 based on CDRMS methods <br /> employed previously for bond releases. <br /> Total Bond Amount Currently Held: $2,000,000.00 <br /> Current Actual Bond Liability Amount(as of Febmaa 24. 2022): $1,691,781.00 <br /> The amount requested for release will be based on the amount determined to apply to the <br /> reclaimed surface disturbance, drill holes, sites, and roads. This amount is being currently <br /> calculated. When the bond amount applicable to the reclamation is determined, OMLLC <br /> requests a total of 100% of the applicable bond amount for areas where Phase III bond <br /> release is sought in accordance with CDRMS Rule 3.03.1(2)(b). The amount released will <br /> be 100% of the remaining reclamation bond amount calculated for the reclaimed areas <br /> identified in this bond release application. <br /> Legal Description of the Area Requested for Bond Release: The following table,Oxbow <br /> Mining, LLC: Phase III (SL-08) Site Eligibility 2021 and 2022 presents the locations or <br /> sites to be considered for bond release under this application. The reclaimed areas <br /> requesting bond release are located within the permit area;comprised of portions of Sections <br />