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Additional Information

Market:	TSX
Sector:	Gold Mining
EPIC:	LYD
Latest Price:	2.66 (2.31% )
52-week High:	3.09
52-week Low:	1.96
Market Cap:	264.32M

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Lydian International Full Lydian International profile here

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.

Lydian International gets fabulous result with upgrade, says broker

Friday, January 27, 2012 by Philip Whiterow

Gold explorer Lydian International ‘s (TSE:LYD) latest resource estimate for its Amulsar gold project in Armenia was a fabulous result for the company, according to broker FoxDavies.

The new estimate added a further 700,000 ounces of gold to the project’s total resource, which now stands at 3.2 million ounces.

FoxDavies said it had increased its price target for the Toronto-listed firm to C$5.25 following the upgrade.

“This is a fabulous result for Lydian and represents a 28% increase in total gold ounces.”

The broker added that nearly 1 million ounces (Moz) had also moved up from the Inferred to the Indicated category, which is crucial as it will allow these ounces to be included in future feasibility studies.

“This impressive deposit continues to steadily grow in size as more drilling is completed and is still open in most directions. We expect that this will not be the last resource upgrade for the deposit,” FoxDavies added.

Tim Coughlin, Lydian’s chief executive, said it was a significant step in developing the resources at Amulsar but also added it was not the end of the story.

The updated resource statement comprised indicated resources of 68.2 million tonnes at 1.0 grams per tonne (g/t) gold and 36.1 million tonnes of inferred resources at a grade of 0.9 g/t.

This gives Amulsar 2.1 million ounces of contained gold in the indicated category and 1.1 million ounces in the inferred.

Lydian currently owns 95% of Amulsar with an option to purchase the remaining 5%.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.