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<br /> <br /> <br /> <br /> <br /> <br />February 22, 2024 <br /> <br /> <br />Chris Oestreich <br />BURNCO Colorado, LLC <br />10100 Dallas Street <br />Henderson, Co 80640 <br /> <br /> <br />Re: Nissen Farm Resource - File No. M-2003-001 <br /> BURNCO Colorado, LLC <br /> Technical Revision (TR-3) <br /> Technical Revision to mining and reclamation plan with revised bond calculation <br /> <br />Dear Chris Oestreich: <br /> <br />On February 22, 2024 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on January 25, 2024, addressing the <br />following: <br /> <br />Technical Revision to mining and reclamation plan with revised bond calculation submitted as <br />Inspection Corrective Action. <br /> <br />The decision reached by the Division is: approve. Update the mining and reclamation plans and <br />maps, and update/revise bond calculation accordingly <br /> <br />The terms of Technical Revision No. 3 approved by the Division are hereby incorporated into Permit <br />No. M-2003-001. All other conditions and requirements of Permit No. M-2003-001 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 /> <br />Bond Held: $547,800.00 <br />Prior Liability: $547,300.00 <br />Change in Liability: $359,200.00 <br />Revised Liability: $906,500.00 <br />Prior Permit Acreage: 134.21 <br />Change in Permit Acreage: 0.00