Company Overview
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 probability of discovering large, "World-Class" gold projects is higher in prospective yet neglected regions. Lydian has illustrated this unequivocally with its discovery of the Amulsar gold project in Armenia. The Amulsar project was discovered in 2006 and currently hosts a global resource of 2.5M ounces, 1.1M ounces in Indicated resource category at 1.1 grams per tonne gold and 1.4M ounces in Inferred resource category at 0.9 grams per tonne gold. The Amulsar project remains open in all directions. Lydian is currently advancing Amulsar towards Bankable Feasibility with full production planned in the first half of 2014.
Lydian 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 pipe-line projects. Lydian has a strong social agenda and a unique understanding of the complex political backdrop to the region in-which it operates. Lydian develops its projects responsibly with exceptional emphasis on social and environmental awareness and care. The company minimises environmental impact and engages local communities in order to deliver relevant and sustainable social development initiatives.
Lydian’s largest shareholder is the International Finance Corporation (IFC; part of the World Bank Group). The European Bank for Reconstruction and Development (EBRD) is also a major shareholder in the Company. The IFC and EBRD provide Lydian with influential in-country support and valuable advice to manage environmental, social and governance risks. This bolsters Lydian's competitive advantage in securing and retaining high quality assets in prospective unfamiliar and frontier settings. Other major shareholders include a number of North American and European natural resource institutional investors.