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22/11/2011

Lydian International - Armenia : Amulsar on the path to production 2014

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Additional Information
Market: TSX
Sector: Gold Mining
EPIC: LYD
Latest Price: 2.60  (0.39% Ascending)
52-week High: 3.09
52-week Low: 1.96
Market Cap: 258.35M
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Lydian International
www.lydianinternational.co.uk

Lydian International is a mineral exploration and development company with expertise and a proven track record in discovering and developing new gold projects in unfamiliar and frontier settings. The Company is currently focussed on developing its Amulsar gold discovery in southern Armenia. The Amulsar project was a new discovery made by Lydian in 2006 and currently hosts a global resource of 3.2M ounces after its resource update in January 2012. This resource update comprises a total of 1.7 million ounces gold in the indicated category and 0.6 million ounces gold in inferred category (using a 0.4g/t cut-off) from the contiguous Tigranes and Artavasdes areas and 0.5 million ounces gold in the indicated category and 0.4 million ounces inferred category from the Erato prospect which is located approximately 900 meters to the north of Tigranes-Artavasdes. The project remains open in all directions and is currently advancing towards Bankable Feasibility with full production due in the first half of 2014.

Full Lydian International profile here
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Lydian to get further IFC investment of CDN$1.4 mln

18th Mar 2009, 3:46 pm
Lydian to get further IFC investment of CDN$1.4 mln

Mineral exploration and development company Lydian International Ltd said the International Finance Corporation, a member of the World Bank Group, will invest a further CDN$1.42 million in the company in return for shares priced at CDN$0.42 each.

The IFC flagged its intention to make such an investment in January 2009.

Coupled with the recently announced investment of CDN$1.6 million from the European Bank of Reconstruction and Development, this move puts the company in a strong financial position, providing the capital required to advance current projects.

IFC's stake in Lydian will increase to approximately 18 percent.

"The investment will be IFC's fourth investment in Lydian. As an equity partner, IFC has provided Lydian with continued access to finance, influential in-country support, and valuable advice to manage environmental, social and governance risks of our projects", said Tim Coughlin, Lydian's CEO.

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