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<br /> <br /> <br /> <br /> <br /> <br />October 21, 2025 <br /> <br /> <br />Kevin Anderson <br />Connell Resources, Inc. <br />7785 Highland Meadows Pkwy. Ste 100 <br />Fort Collins, CO 80528 <br /> <br /> <br />Re: Timnath Connell Pit - File No. M-1999-050 <br /> Connell Resources, Inc. <br /> Technical Revision (TR-10) <br /> Change location of main site entrance, including updated Exhibits A Legal Description, C- <br />1 Existing Conditions Map, C-4 Water Resources Map, C-5 Pre-Mining/Mining Plan Map, <br />and F Reclamation Plan Map. <br /> <br />Dear Kevin Anderson: <br /> <br />On October 21, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on September 26, 2025, addressing the <br />following: <br /> <br />Change location of main site entrance, including updated Exhibits A Legal Description, C-1 Existing <br />Conditions Map, C-4 Water Resources Map, C-5 Pre-Mining/Mining Plan Map, and F Reclamation <br />Plan Map. <br /> <br />The decision reached by the Division is: approve. The maps have been updated to show the new site <br />entrance. <br /> <br />The terms of Technical Revision No. 10 approved by the Division are hereby incorporated into <br />Permit No. M-1999-050. All other conditions and requirements of Permit No. M-1999-050 remain in <br />full force and effect. <br /> <br /> <br />Bond Held: $1,479,942.00 <br />Prior Liability: $1,479,942.00 <br />Change in Liability: $0.00 <br />Revised Liability: $1,479,942.00 <br />Prior Permit Acreage: 121.40 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 121.40