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<br /> <br /> <br /> <br /> <br /> <br />March 28, 2024 <br /> <br /> <br />Greg Geras <br />Asphalt Specialties Co., Inc. <br />345 W 62nd Ave <br />Denver, CO 80216 <br /> <br /> <br />Re: Chavers Mining Resource - File No. M-2015-030 <br /> Asphalt Specialties Co., Inc. <br /> Amendment (AM-2) <br /> Revise the currently approved reclamation plan to change post mining land use from <br />developed water storage to inert backfill/rangeland. <br /> <br />Dear Greg Geras: <br /> <br />On March 28, 2024 the Division of Reclamation, Mining and Safety concluded its review of the <br />Amendment application submitted to the Division on November 22, 2022, addressing the following: <br /> <br />Revise the currently approved reclamation plan to change post mining land use from developed water <br />storage to inert backfill/rangeland. <br /> <br />The decision reached by the Division is: awaiting warranty. Approval of AM2 to increase affected <br />area within permit, modify mining and reclamation plans, and change post mining land use from <br />developed water storage to inert backfill/rangeland. <br /> <br />The terms of Amendment No. 2 approved by the Division are hereby incorporated into Permit No. M- <br />2015-030. All other conditions and requirements of Permit No. M-2015-030 remain in full force and <br />effect. <br /> <br />The revised liability amount exceeds the financial warranty currently held (see below), please submit <br />additional bond or a rider to your existing bond that equals or exceeds the Revised Liability. The <br />revision will not be final until the bond is approved by the Division. <br /> <br /> <br />Bond Held: $1,848,166.00 <br />Prior Liability: $1,848,166.00 <br />Change in Liability: $1,859,944.00 <br />Revised Liability: $3,708,110.00 <br />Prior Permit Acreage: 95.00