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EXHIBIT L <br /> Reclamation Cost <br /> A phased and cumulative bonding approach is proposed for the Bernhardt Sand and Gravel Pit <br /> mining site operation. The financial warranty required for each phase is the warranty required to <br /> completely reclaim that phase. <br /> Direct costs related to the construction of the reclamation components that have been included in <br /> the financial warranty calculations include: Scarifying disturbed ground surfaces, re-applying <br /> topsoil over disturbed areas, revegetating disturbed areas, dewatering the full pit, slurry wall liner <br /> construction, and contractor mobilization. The slurry wall liner construction costs have been <br /> broken down further to include costs for different depths to bedrock as provided from the DRMS <br /> on previous 112 applications. <br /> Overhead, profit, and project management costs were then calculated and added to the direct <br /> construction costs to arrive at the required financial warranty for each phase. <br /> As each new phase is started,the financial warranty for that phase will be posted with the Division. <br /> When a phase has been reclaimed, inspected, and accepted by the Division, the associated <br /> financial warranty for that phase can then be reduced/released to 20% of the financial warranty <br /> required for that phase. <br /> Please see the attached calculations for details of the costs and quantities used to determine <br /> the financial warranty required for each phase of mining. <br /> The following table summarizes the financial warranty required for each phase, and the <br /> cumulative financial warranty that will be provided during any given phase. <br /> Reclamation Cost Summary <br /> Financial Cumulative <br /> Warranty Financial <br /> Phase Re uired arranty <br /> 1 $3,014,118 $3,014,118 <br /> J&T Consulting,Inc. IHC Scott,Inc. <br /> g Bernhardt Sand and Gravel Pit <br /> DRMS 112 Permit Application <br />