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<br /> <br /> <br /> <br /> <br /> <br />March 9, 2023 <br /> <br /> <br />Robert Lembke <br />Red Tierra Equities, L.L.C. <br />8301 East Prentice Avenue, Suite 120 <br />Greenwood Village, CO 80111 <br /> <br /> <br />Re: Section 20 Gravel Mine – File No. M-2022-001 <br />Red Tierra Equities, L.L.C. <br /> 112c Construction Materials <br /> Reclamation Application <br /> <br />Dear Robert Lembke: <br /> <br />On March 9, 2023 the Division of Reclamation, Mining and Safety concluded its review of the <br />Construction Materials Reclamation Permit Application submitted to the Division on January 3, 2022. <br />The decision reached by the Division is: Approve. The amount of financial warranty set by the Division <br />for this operation is $5,399,350.00. You must submit a financial warranty in this amount and a <br />performance warranty in order for us to issue a permit. In the event 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-2022-001: Approved Surety and Acreage <br />Reclamation Liability (Required Surety): $5,399,350.00 <br />Approved Permit Acreage: 631.58 <br />Approved Affected Acreage: 631.58 <br /> <br />If you have any questions, please contact me by telephone at (303) 866-3567 x 8124, or by email at <br />Peter.hays@state.co.us <br /> <br />Sincerely, <br /> <br /> <br />