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Table 2 <br /> Elk Creek Mine C-1981-022 Bond Release History <br /> Bond Release Acreage <br /> Total Phase I Phase I Phase II Phase II Phase III Phase III <br /> Disturbed Released Remaining Released Remaining Released Remaining <br /> SL-1 239.2 19.4 219.8 0 239.2 0 239.2 <br /> SL-2 239.2 138.74 81.06 72.69 166.51 2.33 236.87 <br /> SL-4 239.2 5.7 75.36 5.7 160.81 16.4 220.47 <br /> SL-3 239.2 0 75.36 49.82 110.99 0 220.47 <br /> SL-5 239.2 2.2 73.16 2.2 108.79 31.12 189.35 <br /> SL-6 239.2 0 73.16 35.63 73.16 0 189.35 <br /> SL-7 239.2 0 73.16 0 73.16 21.24 168.11 <br /> SL-8 239.2 0 73.16 0 73.16 9.5 158.61 <br /> The required surety is whichever is greater of(i)the minimum amount of bond to be held based on Rule <br /> 3.03.1(2); and(ii)the estimated cost to reclaim the site. <br /> (i) Table 3 shows the maximum amount of bond eligible for release with SL-8 based on the <br /> acreages in Table 2, but also tracks the minimum total bond that must be held by the Division <br /> based on Rule 3.03.1(2).Based on the figures shown in Table 3,the minimum amount of bond <br /> to be held following the approval of SL-8 is $1,554,200.67. <br /> (ii) The site-wide reclamation cost estimate was last recalculated with MT-8/SR-2 in 2021, and <br /> subsequently adjusted with SL-6 and SL-7. The approval of SL-8 will impact tasks 121 and <br /> 122 from that estimate, as shown in Table 4. Since those tasks were reduced considerably with <br /> MT-8/SR-2, the dollar amount associated with them is rather small. The acreage associated <br /> with SL-8 (9.5 acres)is less than that associated with tasks 121 and 122 (81.82 acres). For the <br /> purposes of SL-8 the Division will subtract a proportional amount from the combined value of <br /> tasks 121 and 122, and subtract this value from the estimated cost to reclaim the site calculated <br /> with SL-7: <br /> SL8 cost reduction = Task 121, 122 cost x SL8 acreage <br /> Task 121, 122 acreage <br /> 9.5 acres <br /> SL8 cost reduction = $2555 x <br /> 81.82 acres <br /> SL8 cost reduction = $297 <br /> Reclamation Liability,SL8 = Reclamation Liability,SL7 - SL8 cost reduction <br /> Reclamation Liability,SL8 = $1,690,969 - $297 <br /> Reclamation Liability,SL8 = $1,690,672 <br /> C-1981-022,SL-8 Page 8 of 10 <br />