Description
Lydian International Ltd. is a diversified UK mineral exploration and development company, with expertise employing “first mover” strategies in international emerging environments.
Currently the Company is focused on Eastern Europe in the Western Balkans and the Caucasus regions, advancing a pipeline of highly prospective precious and base metal projects. In the Caucasus region Lydian is operating an exploration joint venture with Newmont Overseas Exploration Ltd. a subsidiary of Newmont Mining Corporation.
The Company's two flagship projects are a newly discovered gold project at Armulsar in Armenia, and an advanced zinc, lead, silver and gold project at Drazhnje in Kosovo.
Lydian's two largest share holders are Newmont Mining Corporation and the International Finance Corporation (part of the World Bank Group).
Share Price
In-depth Lydian International Proactive Investors Articles
- 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
- 03/11/2009 Lydian heap leach results suggest attractive economics for Amulsar Gold Project
- 12/08/2009 Lydian cuts wide zone of gold mineralisation 500 meters south of current resource
- 17/03/2009 Lydian International pushes back the frontiers
Recent Lydian International news
- 03/03/2010 Fox-Davies Capital maintains 'buy' rating for Lydian Intl after Newmont buyout
- 18/01/2010 FD Capital ups target price for Minera IRL, Highland Gold, Hambledon Mining and Lydian Resources
- 24/11/2009 Lydian reports final gold results from successful 2009 Drilling Program at Amulsar in Armenia
- 06/11/2009 Lydian International raises C$2.2 mln, mainly from Macquarie Bank private placing
- 14/10/2009 Fox-Davies remains bullish on Lydian as Amulsar gold project ‘takes shape’
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 promising gold project at Armulsar in Armenia, and zinc-lead-silver-gold at Drazhnje in Kosovo. The Company is also focused on its pipeline of new gold and base metal projects.
Lydian’s joint venture partner is Newmont. Its major investors include Newmont and the International Finance Corporation (part of the World Bank). These relationships help bolster the Company’s competitive advantage while mitigating geopolitical risk.
Lydian benefits from the leadership of an experienced management team and board, with considerable backgrounds in operations, finance and in building companies.
Lydian is a public company listed on the Toronto Stock Exchange (TSX:LYD). The Company’s strategy to maximize shareholder value from its asset portfolio may include:
* Develop a defined resource into a mine in collaboration with Newmont - should Newmont decide
to exercise its option to earn into the project. Under these circumstances Newmont would
manage the mine-development process and subsequent exploitation; 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.
Soil geochemical analyses (2006 and 2007) identified an area of 3.5 by 0.5 km with a core of values exceeding 0.1 g/t gold measuring some 1 Sq. km, including localised high-grade soil samples of up to 2.13 g/t gold. More than 21% of grab rock-chip samples collected to date have returned grades of greater than 1 g/t gold. Trench samples have returned results of 128 metres at 1.3 g/t gold (complete trench) and channel samples have returned 20 metres at 9.9 g/t (highest value 23.9 g/t), 23 metres at 9.3 g/t (highest value 30.6 g/t), and 13 metres at 2.5 g/t (highest value 4.6 g/t), all at a 0.5 g/t cut-off. (Read More and see recent drill hole highlights)
Kosovo
Kosovo is an independent country as of February of 2008 under EU supervision. A new 2000 person strong EU mission has been installed in the country with a $125 million Euro budget for 2008 and a mandate to oversee its accession to the European Union.
Although relatively small, Kosovo possesses a significant share of the region's mineral resources including, most notably its lignite deposits (the fifth largest in the world), and significant occurrences of zinc, lead and silver. (Read More)
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
Chief Financial Officer and Executive Director
MA Cambridge, ACIB, MSI
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
Largest Shareholders:
Newmont 12.9%
IFC (Part of World Bank) 12.9%
Contact Information
Investor Relations Office
(for all investor inquiries)
Exchange Tower
130 King St. W., Suite 3680
Toronto, ON
Canada, M5X-1B1
Operations Office - Kosovo
Str. Bajram Kelmendi 15
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
Attn. Hayk Aloyan
Email: hayk.aloyan@lydianinternational.co.uk
Corporate Information
Investor Relations Office
(for all investor inquiries)
Exchange Tower
130 King St. W., Suite 3680
Toronto, ON
Canada, M5X-1B1
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