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<br /> <br /> <br /> <br /> <br /> <br />February 7, 2024 <br /> <br /> <br />Mike Bynum <br />Colorado Milling Company, LLC <br />50 West 100 South Street <br />Moab, UT 80342 <br /> <br /> <br />Re: Gold Hill Mill - File No. M-1994 -117 <br /> Colorado Milling Company, LLC <br /> Permit Conversion (CN-1) <br /> Conversion from a 110(2) limited impact to a 110(d) designated mining operation permit <br /> <br />Dear Mike Bynum: <br /> <br />On February 7, 2024 the Division of Reclamation, Mining and Safety concluded its review of the <br />Permit Conversion application submitted to the Division on September 13, 2022, addressing the <br />following: <br /> <br />Permit conversion to a designated mining operation based on the storage and usage of chemicals in <br />the mill that can produce acid or toxic chemicals. <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Permit Conversion No. 1 approved by the Division are hereby incorporated into Permit <br />No. M-1994-117 . All other conditions and requirements of Permit No. M-1994 -117 remain in full <br />force and effect. <br /> <br />The revised liability amount exceeds the financial warranty currently held (see below), please submit <br />additional bond or a rider to your existing bond that equals or exceeds the Revised Liability. The <br />revision will not be final until the bond is approved by the Division. <br /> <br />Please be advised that you are still required to submit an annual report, map and fee on the <br />anniversary date of your permit each year. However, after this revision is finalized you will now be <br />required to pay $518.00 on July 26, 2024 and thereafter in accordance with C.R.S. 34 -32.5-125 or <br />C.R.S. 34-32-127 as applicable. <br /> <br /> <br />Bond Held: $77,546.00 <br />Prior Liability: $77,546.00