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EXHIBIT L — Reclamation Costs <br />The worst case reclamation scenario would occur when the east half of the pit is mined out and <br />part of the northwest quadrant is mined to the western extent of the pit. This would leave <br />approximately 1600 feet of high wall to reduce from .5:1 to 3:1, which is 16,652 cu.yd. of <br />material to move. The outer walls of the pit are already sloped at the final grade as specified in <br />the mining plan. The reclamation plan commits to a maximum of 1200 linear feet around the pit <br />perimeter that needs to have an average of 1 foot of topsoil replaced. The 1600 linear feet from <br />reducing the high walls leaves a total of 133,000 sq.ft. with an average of 1 foot of topsoil <br />replacement or 4926 cu.yd. of topsoil to replace. There will be 8.64 acres above the water line to <br />rip, disc, and drill with seed mix. Reclamation costs breakdown as follows: <br />1) Reduce high wall with D8 dozer. 16,652 cu.yd. @ $.44 /cu.yd. $7327 <br />2) Spread topsoil with front -end loader and D8 dozer. 4,926 cu.yd. @ $.80 /cu.yd. $3941 <br />3) Rip all topsoil areas to 2 foot depth with farm tractor. 8.64 acres @ $283 /acre $2445 <br />4) Final grade and harrow topsoil areas. 8.64 acres @ $113 /acre $ 976 <br />5) Drill seed, mulch with 2000 lb./acre, and fertilize 8.64 acres @ $983 /acre $8493 <br />6) Mobilization $3176 <br />7) DRMS cost at 21% of direct cost $5535 <br />TOTAL Cost $31,894 <br />Warren Pit 2012 <br />