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// PAGE 6 <br />EXHIBIT L <br /> <br /> <br />Raptor Materials, LLC Cogburn Sand, Gravel, and Reservoir Project February 2025 <br />A Regular Impact (112) Construction Permit Application – Colorado Division of Reclamation Mining and Safety, Office of Mined Land Reclamation <br />is expected to expand during grading and mixing, a swell factor was applied to these volumes. Likewise, a <br />shrinkage factor was applied to the material volume for compaction. Calculation of the regrade and liner <br />material volumes required for reclamation is presented in Table 4 below. <br />Table 6. Regrade and Liner Volume Calculations <br />Activity Wall Area [sq.ft] Wall Depth [ft] Keyway Length [ft] XS Keyway Area <br />[sq.ft] <br />Material Vol <br />[cu.ft] <br />Material Vol <br />[cu.yd] <br />Regrade 157,078 1 N/A N/A 157,078 5,818 <br />Liner 100,301 4 4,884 16 479,347 17,754 <br /> <br /> <br />Haul distance was calculated as an average of the of the distance of liner sources to the site: 3,919 feet from <br />the P115 Kurtz site (M1999-006), 2,836 feet from the P122 Bearson site (M2015-003), and 415 feet from on- <br />site sources, for an average haul distance of 2,390 feet. The source deposits contain extensive materials <br />suitable for use in constructing the liner including shale, claystone, clay, sandstone-claystone-siltstone and <br />sandstone-siltstone bedrock, clay lenses in the sand and gravel deposit, and overburden often comprised of <br />low plasticity sandy silty clay to silty sand. Excess topsoil has also been successfully used as a liner <br />construction material and could be used if excess material is available. <br /> <br />Typical liner installation as described in Exhibit E – Reclamation Plan is shown on Figure 1 and Figure 2 below, <br />which indicate dimensions used in the calculation of regrade area and liner and backfill volumes for this cost <br />estimate. <br /> <br /> <br />Figure 1. Typical Fully Reclaimed Liner and Backfill Construction for Wall Depths Shallower than 30 ft <br />