Lydian International Ltd. is a mineral exploration and development company with a proven track record and expertise in discovering and developing new gold projects in unfamiliar and frontier settings. The company's Amulsar gold project in Armenia, discovered in 2006, currently hosts a global resource of 4.2 Moz and remains open in all directions. Lydian released a feasibility study in Q3/12, and plans to begin production in 2015. The company is also actively exploring elsewhere in Armenia and in other prospective regions of Eastern Europe, where it is building and maintaining a promising portfolio of early-stage pipeline projects.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Gold Report Interview with Brent Cook
"Anyone who follows me knows that Lydian International Ltd. has been on the list a long time. We bought that after I visited the project many years ago before the discovery was confirmed. I like it because it is a simple deposit. The mine will be simple to build and relatively low cost. Production costs are low. Its feasibility study shows it is worth something on the order of $1B and the mine can be built for $260M today. Mining companies will be looking for this kind of simple, low-capex project."
Brent Cook, Exploration Insights
"Lydian International Ltd. offers a high-margin, relatively low-capex, simple oxide project in Armenia. The most recent resource update increased both the grade and ounces over the estimate used in the September 2012 feasibility study. . .subsequent exploration and engineering work suggests a higher mining rate and simpler operation, resulting in a higher NPV, is probable. . .the company is being valued at $239M and has ~$30M in the bank—sufficient to get it comfortably through the final feasibility."
Brent Cook, Exploration Insights
"Lydian International Ltd. released an updated resource for its Amulsar gold deposit in Armenia. . .it is positive news that represents an 18% increase in global resources to 4.3 Moz grading 0.89 g/t gold at a 0.3 g/t cutoff. . .the new resource is about 14% higher grade than the previous, and will be incorporated into an updated feasibility study expected mid-summer. . .Lydian is working with the government on final mine permits and hopes to have them in hand by this summer as well. . .Amulsar remains one of my top picks in the gold sector."
Daniel Earle, TD Newcrest
"This morning, Lydian International Ltd. published an updated resource estimate for its flagship Amulsar (100%) heap leach gold project in Armenia. . .total open-pit gold resources grew 18% to 4.3 Moz grading 0.89 g/t (from 3.7 Moz grading 0.79 g/t in January 2012) using a 0.3 g/t cut-off (US$1,200/oz). The increase was largely the product of significantly higher grades. . .we believe the company is now positioned to report significantly improved project economics at Amulsar."
Shane Nagle, National Bank Financial
"Lydian International Ltd. announced a revised Amulsar resource (at a 0.35 g/t cutoff) totaling 52.4 Mt at 1.05 g/t Au (1.77 Moz) in the Measured category, 18.1 Mt at 1.02 g/t Au (0.59 Moz) in the Indicated category and 58 Mt at 0.93 g/t Au (1.73 Moz) in the Inferred category from the contiguous Tigranes, Artavasdes and Arshak zones and from the Erato zone. . .we reiterate our $4.25 target price and Outperform rating."
Lydian International Ltd. Content
Rick Rule discuss LYD on BNN's "Market Call Tonight"
LYD's Latest Corporate Fact Sheet
LYD's Latest Corporate Presentation
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