Description
Lydian International Ltd. is a mineral exploration and development company, with expertise employing “first mover” strategies in emerging environments. The probability of discovering large, world-class projects is higher in prospective, newly emergent and transitional environments. Lydian is positioned to leverage and manage emerging environment exploration opportunities. Currently the company is focused on Eastern Europe. Lydian has developed a diversified portfolio of highly prospective precious and base metal projects at the early and advanced exploration development stage. Lydian’s flagship projects include a gold project at Amulsar in Armenia, and a zinc-lead-silver-gold at Drazhnje in Kosovo. The Company is also focused on its pipeline of new gold and base metal projects.
Share Price
In-depth Lydian International Proactive Investors Articles
- 10/08/2010 Lydian gets a lift after reporting new high grade gold zone at 1.4 million ounce Amulsar Project
- 30/03/2010 Lydian International: rapid progress in two years, plenty more to come
- 17/03/2010 Lydian International’s Amulsar Gold Project should achieve 90% recoveries
- 01/03/2010 Lydian International takes full ownership of 1.4 million ounce Amulsar Gold Project
- 11/11/2009 Lydian International identifies new gold prospect and potential resource at Amulsar project in Armenia
Recent Lydian International news
- 31/08/2010 Lydian results at Amulsar property suggest northwest-southeast gold mineralized corridor
- 17/08/2010 Lydian’s latest batch of results confirm ongoing potential to upgrade 1.4 million ounce Amulsar Gold Project
- 04/08/2010 Analysts note Lydian International's recent progress at Amulsar gold project
- 03/08/2010 Lydian climbs 12% after first batch of assay results from 2010 drill program impress
- 29/07/2010 Lydian finds a partner to push forward Drazhnje Lead-Zinc-Silver Project
Presentations & Company Media
Related Research & Media
Company Statement:
The probability of discovering large, world-class projects is higher in prospective, newly emergent and transitional environments. Lydian is positioned to leverage and manage emerging environment exploration opportunities. The company has unique capabilities in grassroots discovery, “first mover” strategies in securing assets, and superior management of the complex social and political aspects of these environments.
Currently the company is focused on Eastern Europe. Lydian has developed a diversified portfolio of highly prospective precious and base metal projects at the early and advanced exploration development stage. Lydian’s flagship projects include a gold project at Amulsar in Armenia, and a zinc-lead-silver-gold at Drazhnje in Kosovo. The Company is also focused on its pipeline of new gold and base metal projects.
Lydian benefits from the leadership of an experienced management team and board, with considerable backgrounds in operations, finance and in building companies.
The Company’s strategy is to maximize shareholder value from its asset portfolio. This will be achieved by the following :
* Develop a defined resource into a mine in collaboration with joint venture partners; or
* Enter into a production joint-venture agreement with a local mining company or partner that would have the technical and financial capabilities to put the resource into production; or
* Float off an asset into a new company, offering it to existing and new shareholders, while retaining a royalty payment based on production.
Current Operations:
Armenia
Armenia is well known for its mineral resources and long mining history. In recent years, exploration activities and mining investment has been on the increase, companies such as Dundee, Tamaya Resources, Freeport, McMoran, Global Gold, Alrosa and others now have operations in Armenia. (Read More)
The Armulsar Project
The Armulsar licence areas cover a region of high-sulphidation, epithermal-type gold mineralisation located in central Armenia and discovered by Lydian in 2006.
In March 2009, Lydian released an NI-43101 compliant inferred resource of 1M ounces at 1g/t gold at the project. This resource was drilled out in 2008 during just one field season and remains open and untested in all directions.
The licences are held 100% by Geoteam, an Armenian registered closed joint stock company. Geoteam CJSC is held 95% by Lydian Resources Armenia (a wholly owned subsidiary of Lydian International Ltd.) and 5% by a private local partner. (Read More and see recent drill hole highlights).
Kosovo
Kosovo declared its independence in February of 2008. Since then a new EU mission (EULEX) has been installed in the country with a mandate to oversee rule of law and the new country’s accession to the European Union.
Although relatively small, Kosovo possesses a significant share of the region's mineral resources including the Trepča complex which is one of the world’s largest accumulations of lead, zinc and silver and includes seven mines, three zinc concentrators and a zinc refinery.
The mining law in Kosovo is of an international standard and is independently monitored.
Lydian, through its subsidiary company Kosovo Resource Company, is the only active foreign mineral exploration company in Kosovo.
Projects in Kosovo; (click for more details)
New Projects
The probability of discovering large “World Class” gold projects is higher in prospective and newly emergent environments. Lydian’s “New Frontiers” team is actively researching and exploring new first mover opportunities in emerging environments. Lydian takes an opportunistic approach, combined with longstanding skills in the discovery and acquisition of completely new or undervalued assets.
Management
BOARD OF DIRECTORS
(for more information click here)
Gordon Wylie Dr. Timothy Coughlin
Non-Executive Director and President and Chief Executive Officer
Chairman of the Board BSc Geology, MSc Exploration and
BSc (hons) Geology, Grad Dip Mining Geology, PhD (structural geology)
Mining Engineering, Management Diploma (UNISA)
Roderick Corrie Huw Williams
Chief Financial Officer and Executive Director Non-Executive Director
MA Cambridge, ACIB, MSI Ba, CFA, FCA, MBA
Marc C Henderson Peter Mullens
Non-Executive Director Non-Executive Director
CFA BSc Geology
For more information on Lydian's Management team click here
Major Shareholders
Listing: TSX
Symbol: LYD
Major Shareholders:
IFC: 14.38%
Newmont: 10.61%
EBRD: 4.95%
Contact Information
Head Office
1st Floor, Capstan House
La Route es Nouaux
St. Helier
Jersey JE2 4ZY, Channel Islands
Tel: +44 1534 747 890
Fax: +44 1534 758 708
Attn. Sarah Burns
Email: sarah.burns@lydianinternational.co.uk
Operations Office - Kosovo
Str. UCK 66
10000 Prishtina
Kosovo
Tel: +381 (0) 38 249 990
Fax: +381 (0) 38 249 991
Attn. Naim Ibishi
Email: naim@lydianinternational.co.uk
Operations Office - Armenia
Apt.6, 2 Baghramyan Ave.
Yerevan
Republic of Armenia
Tel: +37410 52 52 68
Fax:+37410 58 55 55
Attn. Hayk Aloyan
Email: hayk.aloyan@lydianinternational.co.uk
Corporate Information
Investor Relations Office - Global
(for all investor inquiries)
Steve Smith
Lydian International Limited
Capstan House
La Route Es Nouaux
St Helier Jersey JE2 4ZY
Tel: +44 (0) 1534 747 890
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