Laserfiche WebLink
10.0 Financial Warranty and Reclamation Assurance <br /> The financial warranty for the West Side Placer Project is structured to fulfill the obligations outlined in Rule 6.4.12 EX- <br /> HIBIT L- Reclamation Costs,as documented in the"Exhibits Hardrock/Metal Mining Regular(112)Application."This <br /> approach ensures comprehensive coverage for all anticipated reclamation activities,integrating both direct and indirect <br /> cost estimates,and provides a robust financial guarantee that aligns with the requirements of the Colorado Mined Land <br /> Reclamation Act(MLRA). <br /> 10.1 Reference to EXHIBIT L- Reclamation Costs <br /> The reclamation cost estimates detailed in EXHIBIT L are informed by historical data and updated for current conditions, <br /> following the methodology previously approved by the Colorado Division of Reclamation,Mining,and Safety(DRMS) <br /> under Permit No.M-2016-081. The updated cost estimate for 2024 is$3,953.07 per acre,reflecting adjustments for infla- <br /> tion and enhancements in reclamation practices. These estimates cover a total of 14 mining blocks,spanning 70 acres,with <br /> a total bonding requirement of$276,714.90. <br /> The detailed breakdown includes: <br /> • Direct Costs: <br /> Borehole removal,plant foundation demolition,ore and overburden replacement,grading of mining phases,topsoil <br /> replacement,compaction ripping,and seeding of mined areas. <br /> • Indirect Costs: <br /> Liability insurance,job superintendent oversight,site monitoring,and reseeding activities. <br /> These costs are aligned with the financial assurance requirements of Rule 4,ensuring that the funds are sufficient to <br /> cover all phases of reclamation as required by the Colorado Mined Land Reclamation Board. <br /> 10.2 Integration with Financial Warranty Requirements <br /> The financial warranty provided by AuPt Industries LLC utilizes the comprehensive cost estimates from EXHIBIT L as the <br /> foundation for the financial guarantee. This integrated approach ensures that: <br /> Geotechnical Stability: <br /> The warranty covers slope stabilization measures,including benching and terracing,in compliance with Rule 3.1 (Recla- <br /> mation Performance Standards) and Rule 6.5 (Geotechnical Stability). It ensures that sufficient funds are available for any <br /> required emergency stabilization efforts. <br /> Environmental Protection and Erosion Control: <br /> The warranty includes costs for erosion control measures,topsoil replacement,and revegetation with a tailored native seed <br /> mix,meeting the standards set forth in Rule 3.1.10 (Revegetation) and Rule 3.1.6(Water Control). <br /> Reclamation of Temporary Structures: <br /> The financial warranty also covers the removal and site restoration of temporary structures,as outlined in Rule 3.1.12. This <br /> includes grading,reseeding,and erosion control measures to restore the site to its original condition. <br /> 20 <br /> HARDROCK/METAL MINING REGULAR(112)APPLICATION Au Pt Industries LLC I PO Box 1424-Edwards,Colorado 81632 1970 306 1 784 <br />