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<br /> <br /> <br /> <br /> <br /> <br />February 11, 2025 <br /> <br /> <br />Johan Van Huyssteen <br />Cripple Creek & Victor Gold Mining Company <br />P. O. Box 191 <br />Victor, CO 80860 <br /> <br /> <br />Re: Cresson Project - File No. M-1980-244 <br /> Cripple Creek & Victor Gold Mining Company <br /> Technical Revision (TR-145) <br /> TR145 - Updated Grassy Valley QAPP <br /> <br />Dear Johan Van Huyssteen: <br /> <br />On February 11, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on January 6, 2025, addressing the <br />following: <br /> <br />TR145 - Updated Grassy Valley QAPP <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Technical Revision No. 145 approved by the Division are hereby incorporated into <br />Permit No. M-1980-244. All other conditions and requirements of Permit No. M-1980-244 remain in <br />full force and 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: $82,608,812.00 <br />Prior Liability: $291,203,387.36 <br />Change in Liability: $0.00 <br />Revised Liability: $291,203,387.36 <br />Prior Permit Acreage: 6,002.70 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 6,002.70 <br />Prior Affected Acreage: 6,002.70