Lydian International Ltd. LYD:TSX

Notable Quotes

"Drilling the remaining strike length could more than double INM's La Cigarra resource." (5/22/13) International Northair Mines Ltd. - The Gold Report Interview with Maria Smirnova More�>

"BAR's Bug Lake zone has grown by 350m and remains open." (5/14/13) Balmoral Resources Ltd. - Erik Bermel, M Partners More�>

"ROG's Burkina Faso deposit will be easy to mine, inexpensive to build and very profitable." (5/20/13) Roxgold Inc. - The Gold Report Interview with Brent Cook More�>

"Our rating for GWG remains a Strong Buy; the risk is worth taking." (5/17/13) Great Western Minerals Group Ltd. - Jon Hykawy, Byron Capital Markets More�>

"SVB will be the next silver company to be taken out." (5/17/13) Silver Bull Resources Inc. - Bob Moriarty, 321 Gold More�>

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Lydian International Ltd.

TICKER: LYD:TSX

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.

Expert Comments:

The Gold Report Interview with Brent Cook (5/20/13) "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." More >

Brent Cook, Exploration Insights (4/14/13) "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 (3/10/13) "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 (3/5/13) "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 (3/5/13) "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."