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<br /> <br /> <br /> <br /> <br /> <br />September 16, 2025 <br /> <br /> <br />Kevin Anderson <br />Connell Resources, Inc. <br />7785 Highland Meadows Pkwy. Ste 100 <br />Fort Collins, CO 80528 <br /> <br /> <br />Re: Timnath Connell Pit - File No. M-1999-050 <br /> Connell Resources, Inc. <br /> Technical Revision (TR-9) <br /> Revised mining and reclamation plan maps following AR-2 approval. <br /> <br />Dear Kevin Anderson: <br /> <br />On September 16, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on September 3, 2025, addressing the <br />following: <br /> <br />Revised mining and reclamation plan maps following AR-2 approval. The remaining permit area now <br />includes 121.4 acres. <br /> <br />The decision reached by the Division is: approve. <br />The Mining and Reclamation Plan Maps have been updated to reflect the new permit acreage that was <br />changed in AR-2. <br /> <br />The terms of Technical Revision No. 9 approved by the Division are hereby incorporated into Permit <br />No. M-1999-050. All other conditions and requirements of Permit No. M-1999-050 remain in full <br />force and effect. <br /> <br /> <br />Bond Held: $1,479,942.00 <br />Prior Liability: $1,479,942.00 <br />Change in Liability: $0.00 <br />Revised Liability: $1,479,942.00 <br />Prior Permit Acreage: 121.40 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 121.40 <br />Prior Affected Acreage: 121.40 <br />Change in Affected Acreage: 0.00