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<br /> <br /> <br /> <br /> <br /> <br /> <br />May 27, 2025 <br /> <br /> <br />Chris Oestreich <br />BURNCO Colorado, LLC <br />10100 Dallas Street <br />Henderson, CO 80640 <br /> <br /> <br />Re: Nissen Farm Resource - File No. M-2003-001, BURNCO Colorado, LLC <br /> Amendment (AM-1) to add 28 acres to the permit area for processing facility. <br /> <br />Dear Chris Oestreich: <br /> <br />On May 14, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Amendment application submitted to the Division on October 3, 2024, addressing the following: <br /> <br />Amendment to add 28 acres for gravel processing and stockpile area. No mining will occur in <br />amendment area. <br /> <br />The decision reached by the Division is: awaiting warranty. <br /> <br />The terms of Amendment No. 1 approved by the Division are hereby incorporated into Permit No. M- <br />2003-001. All other conditions and requirements of Permit No. M-2003-001 remain in full force and <br />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: $906,500.00 <br />Change in Liability: $190,617.00 <br />Revised Liability: $1,097,117.00 <br />Prior Permit Acreage: 134.21 <br />Change in Permit Acreage: 28.00 <br />Revised Permit Acreage: 162.21 <br /> <br />