Lydian International Ltd T.LYD

RE: most profitble project?

[flayer]

This mineral resource estimate has been confined within a theoretical floating cone open pit geometry which ensures an extra level of confidence by precluding ounces that are unlikely to be mined. The floating cone parameters included a US$1,300/oz gold price and current estimates of project operating costs and gold recovery. At the 0.40 g/t gold cutoff grade, 99% of the unconfined global gold ounce estimate lies within this theoretical open pit geometry, thus indicating the robustness of this mineral resource.

"This is clearly another significant step in resource development at Amulsar but it is not the end of the story" said Tim Coughlin, Lydian's President and CEO "Despite 90,000 meters of drilling the resource remains open in all directions. Add to that the largely untested potential at newly identified prospect areas such as Orontes which is about a kilometer away from the resource shell towards the southwest and this coming 2012 drill season should provide further excitement".