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., <br />DIVISION OF MINfRAlS AND GEOLOGY <br />DevanmMr O( Natural Resourcef <br />1 JI l Shem+an St.. Room ZIS <br />Denver. Colorado 80203 <br />phone'. OON B66J 567 <br />FA%~. iJOl18J2~8106 <br />STATE OF COLORADO <br />RECEIVED <br />MAR 0 61997 <br />Division ui ~~~~ne~ais a veuiogy <br />PERFORMANCE WARRANTY <br />Rov Romer <br />Governor <br />ken Llutar <br />E.ecuuve Oueaor <br />M~thaN B LUnI' <br />Orvnron Ovttia <br />OpefdtOr: International Uranium (USA) Corporation <br />Operdtl0n: Sunday Mine <br />Permit No: 77-285 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, CRS as amended, <br />34-32-101 et se (the "Act"), as amended, provides that rto permit may be <br />Issued under the Act until the N1ned land Reclamation Board (the "Board") <br />receives a performance warranty (or warranties) that is a written promise to <br />comply with all applicable requirements of the Act. <br />WHEREAS, International Uranium (usA) Coro. (the "Operator"), has <br />applied for a hermit to conduct a mtning operation known as sunaay Mine <br />(the "Operation") On certain lands in San Mi uel <br />County, Colorado. These lands are described in the permit app ication, as <br />amended and supplemented, and are referred to herein as the "Affected lands". <br />WHEREAS, in its application for the permit, the Operator has agreed <br />to be bound by all requirements of the Act and all applicable rules and <br />regulations of the Boards as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that <br />the estimated-costs of reclamation with regard to those affected lands <br />1n San Miguel County vhich are nor or may become subject to the permit <br />are those amounts for the stated periods of time as set forth in the financial <br />warranty, vhich may be amended from time to time to reflect revised estimates <br />of said costs of reclamation. <br />WHEREAS, the Operator hereby gives the Board a performance warranty <br />pursuant to Section 34-32-111(2) of the Act, and hereto promises the Board <br />that it will comply with all applicable requirements of th• Act with regard to <br />those Affected Lands. <br />