Lydian International Limited is an emerging gold developer, focused on its 100% owned Amulsar Gold Project, located in Southern Armenia. Amulsar production is expected to average 200,000 gold ounces per year, delivering Lydian as a high cash‐flow, mid‐tier producer.
Exploration to date has identified a total gold resource of 2.3 million ounces contained (2.4 M+I), and demonstrates potential extensions at depth. Amulsar is expected to be an open pit mine with completely conventional heap leap and gold recovery processes. An updated feasibility study is scheduled to be completed during Q3 2014, which will support Lydian's ongoing and planned permitting and project financing activities. Lydian is targeting the spring of 2015 to begin construction and commissioning to start by late 2016.
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