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<br /> <br /> <br /> <br /> <br /> <br />January 31, 2024 <br /> <br /> <br />Chris Oestreich <br />BURNCO Colorado, LLC <br />10100 Dallas St <br />Henderson, CO 80640 <br /> <br /> <br />Re: The Shores - File No. M-1998-013 <br /> BURNCO Colorado, LLC <br /> Acreage Release Request (AR-1) <br /> Acreage Reduction for unmined permit area (area from AM3) <br /> <br />Dear Chris Oestreich: <br /> <br />On January 31, 2024 the Division of Reclamation, Mining and Safety concluded its review of the <br />Acreage Release Request application submitted to the Division on January 11, 2024, addressing the <br />following: <br /> <br />Release of Permit Area incorporated under AM3 prior to mining activity. <br /> <br />The decision reached by the Division is: Approve. Release all 140.7 acres incorporated by AM3 as <br />unaffected. In accordance with Rule 4.17.2(5), the Division is required to wait thirty (30) days from <br />this notice to allow for appeal of the Division’s decision. Once this period closes, if no appeal is <br />submitted, the Division’s decision will be final. <br /> <br />The permit area was reduced to 370.10 acres, through the release of -140.70 acres in this permit <br />action. Because the permit is not totally released, you are still liable for filing annual reports and fees. <br />Please submit a Technical Revision and update the mining and reclamation plan maps to depict the <br />reduced permit area. <br /> <br /> <br />Bond Held: $3,439,500.00 <br />Prior Liability: $3,439,000.00 <br />Change in Liability: $0.00 <br />Revised Liability: $3,439,000.00 <br />Prior Permit Acreage: 510.80 <br />Change in Permit Acreage: -140.70 <br />Revised Permit Acreage: 370.10 <br />Prior Affected Acreage: 361.70