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// PAGE 8 <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 />and onsite material, resulting in very short on-site push distances. As backfill material will be sourced from <br />the same locations as the liner material, the estimated average haul distance is the same: 2,390 feet. Backfill <br />will be placed and graded from the ground surface to the pit bottom to create finished 3H:1V slopes for the <br />entire Pit P125B. Similar to material excavated for lining, material excavated for backfill is expected to swell <br />and is therefore assigned a swell factor for cost estimating purposes. The backfill concepts for walls <br />shallower and deeper than 30 feet bgs is portrayed in Figure 1 and Figure 2 in the preceding subsection: <br />Liner. The cost estimate for backfilling Pit P125B, summarized in Table 6 below, is based on unit costs taken <br />from the recent DRMS-provided P124 Two Rivers (M2022-013) cost estimate. <br />Table 8. Reclamation Backfill Cost Estimate <br />Activity Initial Vol [cu.yd] Swell/Compaction <br />Factor <br />Loose/Compacted <br />Vol [cu.yd] Unit Cost [$/cu.yd] Total Job Cost <br />Haul 120,692 N/A 120,692 $1.053 $127,089 <br />Grade 120,692 1.215 146,641 $0.301 $44,139 <br />Total Backfill Cost: $171,227 <br /> <br />Topsoil <br /> <br />Topsoil demand will be limited to the cut basin slopes remaining above the static water level for pits <br />reclaimed as reservoirs (P125A and P125B) and to the entirety of the backfilled disturbed surface for Pit <br />P125_S1. Topsoil will be placed at a depth of approximately 6 inches over both even ground and cut slopes <br />and seeded with a cover of stabilizing vegetation, as detailed in Exhibit E – Reclamation Plan. At the 5-year <br />mark, Pit P125_S1 is expected to have been completed backfilled, re-soiled, and revegetated; Pit P125A is <br />expected to be lined, backfilled, re-soiled, and revegetated. Therefore, the only remaining area to receive <br />topsoil should be the cut slopes reclaimed at 3H:1V above the static water surface elevation (4,782’) in Pit <br />P125B. Determination of the static WSEL is detailed in Exhibit D – Extraction Plan. The cut slope surface area <br />above the static WSEL was calculated from the P125B reclaimed surface in a 3D CAD program. <br /> <br />Topsoil application was separated into two stages for the purposes of cost estimation: hauling topsoil from <br />the stockpile to Pit P125B, and spreading topsoil on the banks. Similar to material excavated for backfill, <br />topsoil is expected to swell and is therefore assigned a swell factor for cost estimating purposes The cost <br />estimate for topsoiling the exposed cut slopes of Pit P125B, summarized in Table 7 below, is based on unit <br />costs taken from the recent DRMS-provided P124 Two Rivers (M2022-013) cost estimate. The average haul <br />route distance from the topsoil stockpile in the north corner of Pit P125A to the banks of Pit P125B was <br />estimated at 2,130 feet. <br />Table 9. Topsoil Application Cost Estimate <br />Activity Exposed P125B S.A. <br />above WSEL [sq.ft] <br />Topsoil <br />Depth [ft] <br />Initial Vol <br />[cu.yd] <br />Swell/Compaction <br />Factor <br />Loose/Compacted <br />Vol [cu.yd] <br />Unit Cost <br />[$/cu.yd] <br />Total Job <br />Cost <br />Haul 248,445 0.5 4,601 N/A 4,601 $1.073 $4,937 <br />Grade 248,445 0.5 4,601 1.215 5,590 $0.272 $1,521 <br />Total Topsoil Application Cost: $6,457 <br />