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<br /> <br /> <br /> <br /> <br /> <br />November 22, 2022 <br /> <br /> <br />Nick Varra <br />VIP Mine LLC <br />14440 CR 100 Ste 1 <br />Nunn, CO 80648 <br /> <br /> <br />Re: VIP Mine – File No. M-2022-032 <br />VIP Mine LLC <br /> 112c Construction Materials <br /> Reclamation Application <br /> <br />Dear Nick Varra: <br /> <br />On November 22, 2022 the Division of Reclamation, Mining and Safety concluded its review of the <br />Construction Materials Reclamation Permit Application submitted to the Division on July 5, 2022. The <br />decision reached by the Division is: Awaiting warranty. The amount of financial warranty set by the <br />Division for this operation is $36,168.00. You must submit a financial warranty in this amount and a <br />performance warranty in order for us to issue a permit. In the eve nt you have requested a financial <br />warranty form, we will provide you with the applicable form. If you have not, please select a type of <br />financial warranty from Rule 4.3, and then contact us so that we can provide you with the appropriate <br />warranty form. We have enclosed a performance warranty form with this letter for your use. <br /> <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT <br />HAS BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL AND <br />PERFORMANCE WARRANTIES. A PERMIT CANNOT BE ISSUED UNTIL WE HAVE <br />VERIFIED THE ADEQUACY OF YOUR FINANCIAL AND PERFORMANCE WARRANTIES. <br /> <br />M-2022-032: Approved Surety and Acreage <br />Reclamation Liability (Required Surety): $36,168.00 <br />Approved Permit Acreage: 40.38 <br />Approved Affected Acreage: 40.38 <br /> <br />If you have any questions, please contact me by telephone at (303) 866-3567 x 8113, or by email at <br />Rob.zuber@state.co.us <br /> <br />Sincerely, <br /> <br /> <br />