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<br /> <br /> <br /> <br /> <br /> <br />June 11, 2024 <br /> <br /> <br />Robert Lembke <br />Red Tierra Equities, L.L.C. <br />8301 East Prentice Avenue, Suite 120 <br />Greenwood Village, CO 80111 <br /> <br /> <br />Re: Section 20 Gravel Mine - File No. M-2022-001 <br /> Red Tierra Equities, L.L.C. <br /> Technical Revision (TR-1) <br /> Change to a Phased Mining and Bonding Plan <br /> <br />Dear Robert Lembke: <br /> <br />On June 11, 2024 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on April 29, 2024, addressing the following: <br /> <br />Maximum allowed disturbance at any one time is limited to 43 acres consisting of the North and <br />South Infiltration Ponds. Any additional mining related disturbances beyond the 43 acres will require <br />a Technical Revision. <br /> <br />The permittee will update t he groundwater monitoring plan through a Technical Revision prior to <br />submitting the results of the baseline groundwater monitoring data and prior to exposing groundwater <br />at the Site. <br /> <br />The Division accepts the reclamation cost estimate of $50,658.00 for this inital phase od mining. The <br />permittee will have to submit a separate Surety Reduction request to reduce the currently held <br />Financial Warranty. <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Technical Revision No. 1 approved by the Division are hereby incorporated into Permit <br />No. M-2022-001 . All other conditions and requirements of Permit No. M-2022 -001 remain in full <br />force and effect. <br /> <br /> <br />Bond Held: $5,399,350.00 <br />Prior Liability: $5,399,350.00 <br />Change in Liability: $0.00