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<br /> <br /> <br /> <br /> <br /> <br />December 30, 2025 <br /> <br /> <br />Daniel Hunt <br />Asphalt Specialties Co., Inc. <br />345 W. 62nd Ave <br />Denver, CO 80216 <br /> <br /> <br />Re: Marcovich Mining Resource - File No. M-2024-034 <br /> Asphalt Specialties Co., Inc. <br /> Technical Revision (TR-1) <br /> Technical Revision No. 1 (TR-01) <br /> <br />Dear Daniel Hunt: <br /> <br />On December 30, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on December 4, 2025, addressing the <br />following: <br /> <br />TR to update the permit with: 1) minor updates to the approved Exhibit C-3 – Mining Map, and 2) <br />summarize groundwater data collected during the baseline groundwater data collection period for the <br />Marcovich Mining Resource (DRMS Permit No. M-2024-034). <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Technical Revision No. 1 approved by the Division are hereby incorporated into Permit <br />No. M-2024-034. All other conditions and requirements of Permit No. M-2024-034 remain in full <br />force and effect. <br /> <br /> <br />Bond Held: $1,418,253.00 <br />Prior Liability: $1,418,253.00 <br />Change in Liability: $0.00 <br />Revised Liability: $1,418,253.00 <br />Prior Permit Acreage: 57.28 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 57.28 <br />Prior Affected Acreage: 0.00 <br />Change in Affected Acreage: 0.00 <br />Revised Affected Acreage: 0.00