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I <br />~./' ~~ ~ 'II'I"II'II'1"'~' <br />• Permit - 2 <br />MINED LAND RECLAMATION BOARD <br />Department of Natural Resources <br />839 <br />1313 Sherman Street, Room 723 Telephone: 893567 <br />Denver, Colorado 80203 <br />DEVII.OPMENT AND EXTRACTION MINING PERMIT <br />'1 <br />THIS PERMIT is issued this ~ day of 9pt,, ~ by the Mined Land <br />Reclamation Board, Department of Natural Resources, state of Colorado., <br />N E S S E T H <br />WHEREAS, limax MoZ,ybden Co, desires to conduct a(n) underground mining <br />operation, kno n ASine , for the purpose of extracting underground <br />mined molybdenum ore and <br />WHEREAS, the Mined Land Reclamation Board has received an application, a <br />reclamation plan and map, the required fee, and a bond or surety for such operation <br />as required by law; and, <br />WHEREAS, the Mined Land Reclamation Board has made a finding, for the purposes <br />of issuing this permit, that: <br />1) the application complies with the requirements of tha Colorado <br />Mined Land Reclamation Act and all_.applicable local, state and <br />Federal laws; and, <br />2) the operation will not adversely affect the stability of any <br />significant, valuable, and permanent man-made structures located <br />within two hundred feet of the affected land, except where there <br />is an agreement between the operator and the persons having an <br />interest in [he structure that damage to the structure is to be <br />compensated for by the operator; and, <br />3) the proposed mining operations and reclamation can be carried out <br />in conformance with the requirements of C.R.S. 1973, 34-32-116, <br />as amended (1976 Seas. Laws H.B. 1065); and <br />WHEREAS, for the purposes of lseuing this permit, the operator has made <br />a satisfactory showing to the Board that he will employ during and after his <br />undorground mining operations procedures reasonably designed to minimize as much <br />ae practicable the aisruption from the underground mining operatlons and will <br />provide for the rehabilitation of the affected land through the rehabilitation of plant <br />cover, soil stability, water resources, and other measures appropriate to [he <br />subsequent. beneficial use of such mined and reclaimed lands; and that in <br />the event of the failure of his proposed reclamation plan, he will take whatever <br />measures which may be necessary in order to assure the success of reclamation of <br />the lands affected by his underground mining operations; and, <br />WHEREAS, for the purposes of lseuing this permit, a copy of the application <br />approved by the Mined Land Reclamation Hoard of the State of Colorado ie attached <br />to this permit and thereby becomes apart of the terms hereof. <br />NOW, THEREFORE, pursuant to the authority set forth in the Colorado Mined <br />Land Reclamation Act, Article 32 of Title 34, C.R.S. 1973, as amended, (1976 <br />Sass. Laws H.B. 1065) the Mined Land Reclamation Board of the State of Colorado <br />hereby issues a life of the mine permit to Climax tdolybdonum Co, to engage in <br />underground mining for the purpose of extracting Lnderground <br />mined molybdenum ore vn the following parcel of ground, to wit: <br />see attached legal description <br />r <br />