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EXHIBIT L <br /> RECLAMATION COSTS <br /> Disturbances will be limited to new monitoring well access roads which would not require an <br /> increase to the reclamation cost estimate. Current closure cost estimates were approved in 2020. <br /> Henderson Operations <br /> AM-08 to M-1977-342 Climax Molybdenum <br /> April 2023 A Freeport-McMoRan Company Exhibit L <br />