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EXHIBIT L <br />RECLAMATION COSTS <br />The following costs to reclaim this operation are based on the Table of Disturbance in <br />Exhibit D, which is included for your convenience. As mentioned, this Table is calculated <br />at a point in time when the operation has disturbed a maximum amount of land. This cost <br />estimate incorporates standard reclamation methods and unit costs which we have used <br />in recent past permit applications. <br />The estimate for reclamation is $374,675 and we recommend a financial warranty of <br />$375,000. With 113.2 acres of disturbance, the cost per acre to reclaim is $3,310, which <br />is consistent with other bonds on mining operations. <br />L-1 <br />