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Table 3 <br /> Maximum Bond Eligible For Release per Rule 3.03.1(2) <br /> Prior to SL-17 Prior to SL-17 SL-17 Eligible for release <br /> (Acres) (Required Surety) (Acres) with SL-17 <br /> Phase 1-60% $6,786,009.86 0.00 $0.00 <br /> Phase 11-25% $2,827,504.11 0.24 $1,219.15 <br /> Phase III- 15% $1,696,502.46 9.25 $28,192.75 <br /> Total 556.62 $11,310,016.43 $29,411.89 <br /> In the site-wide reclamation cost estimate (RCE)recently completed with the approval of Permit <br /> Renewal 08 (RN-08)the reclamation of sites included in the SL-17 application is accounted for in tasks <br /> 413d, 415d and 421d. Task 421d also includes sites that are not addressed with SL-17. <br /> The estimated cost of these tasks, pro-rated as appropriate, (Y)is $108,238.12, as summarized in Table 4 <br /> below. (Task 421d will need to be reconciled with SL-17 at the time the next site-wide RCE is <br /> calculated). <br /> Table 4 <br /> RN8 Cost Estimate Task Task Description Task Direct Cost <br /> Number <br /> 413d 15 Exp. holes& MVBs SL-04: broadcast PRD mt shrb seed mix $103,456.00 <br /> 415d 3 MVBs in SL03 but not 04: broadcast PRD mt shrb seed mix $2,964.00 <br /> 421d 7 Exp& 11 B-seam MVBs,18-25: broadcast PRD mt shrb seed mix $29,999.00 <br /> Task 421d pro-rated for 0.92 of 15.18 acres $1,818.12 <br /> Total applicable to SL-17 $108,238.12 <br /> In order to (i) comply with rule 3.03.1(2) and (ii)ensure that the revised required surety is <br /> sufficient to cover the remaining reclamation liability at the mine,the Division will release <br /> whichever is the smaller of the two values X and Y. In this case,the smaller value,X, is <br /> $29,411.89. <br /> The Division currently holds a performance bond of$15,000,000.00. Based on the observations above, <br /> the Division proposes to release $29,411.89. Following the approval of SL-17 the revised required surety <br /> will be $11,280,604.54,which is sufficient to assure completion of the remaining reclamation work at the <br /> site if the work had to be performed by the Division,including the cost of reestablishing vegetation on any <br /> revegetated areas, should those areas fail. The Division estimates its cost to complete remaining <br /> reclamation work at the site to be $11,201,778.31. These figures are summarized in Table 5 below. <br /> C-1980-007 Page 10 of 11 <br />