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<br />2004 Annual Report <br />Permit No. M-1977-140 <br />2003 Minims -With the current drought situation and the fact that <br />the water table dropped approximately twelve feet in the last two <br />years, we were able to mine areas that haven't been exposed for <br />years. In June of 2003, numerous islands and ridges started <br />appearing. We actually made a haul road out to them and mined <br />areas south of the penninsular area (shown on map). We plan to <br />mine this area again in 2004. <br />2003 Reclamation -With all of the banks sloped except the <br />penninsular area shown on map, we really do not have much <br />reclamation to do until that is removed sometime in the future. <br />Bond Information - A copy of our current bond is enclosed. <br />