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<br /> <br /> <br /> <br /> <br /> <br />August 18, 2025 <br /> <br /> <br />Phillip Starkle <br />Battle Mountain Resources, Inc. <br />6900 E Layton Ave <br />Denver, CO 80237 <br /> <br /> <br />Re: San Luis Project - File No. M-1988-112 <br /> Battle Mountain Resources, Inc. <br /> Amendment (AM-4) <br /> Installation of a Groundwater Intercept Wall <br /> <br />Dear Phillip Starkle: <br /> <br />On August 18, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Amendment application submitted to the Division on April 11, 2025, addressing the following: <br /> <br />This Amendment addresses the installation of a bentonite based slurry wall to prevent groundwater <br />from entering the backfilled West Pit and becoming contaminated. <br /> <br />The decision reached by the Division is: awaiting warranty. <br /> <br />The terms of Amendment No. 4 approved by the Division are hereby incorporated into Permit No. M- <br />1988-112. All other conditions and requirements of Permit No. M-1988-112 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: $7,400,000.00 <br />Prior Liability: $12,408,119.00 <br />Change in Liability: $5,008,119.00 <br />Revised Liability: $17,416,238.00 <br />Prior Permit Acreage: 428.22 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 428.22 <br />Prior Affected Acreage: 79.70