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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (30 31 866-3 56 7 <br />FAX: (303) 832-87 06 <br />May 28, 2003 <br />Mr. Rob Mangone <br />Roclry Mountain Materials & Asphalt, Inc. <br />1910 Rand Ave. <br />Colorado Springs, CO 80906 <br />Re: Penrose Ranch's, Amendment Approval, Permit No. M-1992-016, Revision No. AM-2 <br />Dear Mr. Mangone: <br />COLORADO <br />DIVISION O F <br />MIN &RALS <br />GEOLOGY <br />RECEAM ATION•MINING <br />SAFETY•SOIENCE <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cattany <br />Division Direcor <br />Natural Resource Trustee <br />On May 22, 2003 the Division of Minerals and Geology approved the Amendment application submitted to the <br />Division on January 21, 2003, addressing the following: <br />Increase affected land area to 1,496 acres and increased phased mining area to 100 acres. <br />The terms of the Amendment No. 2 approved by the Division are hereby incorporated into Permit No. M-1992- <br />016. All other conditions and requirements of Pernvt No. M-1992-016 remain in full force and effect. <br />The estimated liability amount of $116,465.00 for the Penrose Ranch's, when added to the existing liability <br />amount of $84,347.00, exceeds the performance bond held. If you have not already done so, please submit <br />additional bond in the amount of $116,465.00. The revision will not be final unril the bond is approved by the <br />Division. <br />If you have any quesfions, please contact me. <br />Sincerely, ``~ ~~~~ ^^~~, <br />~%~ ~~~ <br />James Dilhe <br />Environmental Protection Specialist <br />Enclosures <br />Office of Office of Colorado <br />Milmd'AddLY$RIfM4rAMf6in 111992016 7Dt 20030528 95309 AM.doc Attive and Inactive Mines Geological Survey <br />