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:='` i <br />Varna Companies, Inc. <br />Office of Special Projects <br />1431 East 16th Street Greeley, Colorado 80631 Telephone (970) 3538310 FAX (970j 353047 <br />Annual Report - M99-006 -Pit 115 (Kurtz) <br />Tuesday 1 August 2000 <br />As of 1 August 2000, the operation is still under construction. To date, the access road to the <br />mine remains to be constructed. The plant site commenced operations the last week of June. <br />Prior to 1 June 2000, visual berms were in place but not shaped or vegetated. Vegetation is <br />scheduled to commence this Fall 2000. The wash and sediment ponds have been constructed and <br />plant and stockpiles have been established in Phase II and III. <br />Preparation for extraction has commenced in Area IV along the westerly boundary. Operations <br />are anticipated to commence in August 2000 following completion of construction of the access <br />road. <br />7oa7 <br />o SZO o0/ 6' OJ i ~ 7G G L <br />1 <br />