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<br /> <br /> <br /> <br />November 27, 2024 <br /> <br />Daniel Hunt <br />Asphalt Specialties Co., Inc. <br />345 W. 62nd Ave <br />Denver, CO 80216 <br /> <br />Re: Marcovich Mining Resource – File No. M-2024-034, Asphalt Specialties Co., Inc. <br /> 112c Construction Materials, Reclamation Application <br /> <br />Dear Mr. Hunt: <br /> <br />On November 27, 2024 the Division of Reclamation, Mining and Safety concluded its review of the <br />Construction Materials Reclamation Permit Application submitted to the Division on June 28, 2024. <br /> <br />The decision reached by the Division is: Awaiting warranty. <br /> <br />The amount of financial warranty set by the Division for this operation is $1,418,253.00. You must <br />submit a financial warranty in this amount and a performance warranty in order for us to issue a permit. <br />In the event you have requested a financial warranty form, we will provide you with the applicable form. <br />If you have not, please select a type of financial warranty from Rule 4.3, and then contact us so that we <br />can provide you with the appropriate warranty form. We have enclosed a performance warranty form with <br />this letter for your use. <br /> <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT <br />HAS BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL AND <br />PERFORMANCE WARRANTIES. A PERMIT CANNOT BE ISSUED UNTIL WE HAVE <br />VERIFIED THE ADEQUACY OF YOUR FINANCIAL AND PERFORMANCE WARRANTIES. <br /> <br />M-2024-034: Approved Surety and Acreage <br />Reclamation Liability (Required Surety): $1,418,253.00 <br />Approved Permit Acreage: 57.28 <br />Approved Affected Acreage: 44.20 <br /> <br />If you have any questions, please contact me by telephone at (720) 527-1640, or by email at <br />nikie.gagnon@state.co.us. <br /> <br />Sincerely, <br /> <br />Nikie C. Gagnon <br />Environmental Protection Specialist <br /> <br />cc: Greg Geras, Asphalt Specialties Co.