OTCPK:LYDIF - Post by User
Post by
flayeron Mar 01, 2013 9:14am
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Post# 21061095
Resource update next week
Resource update next week John Hayes, BMO Capital Markets (2/27/13) "An updated resource estimate on Lydian International Ltd.'s Amulsar project is expected to be released next week; the company's presentation highlighted optimization opportunities, including expansion of initial production to 10 Mtpa, relocating the heap leach, modifications to the crusher, improvements to the site layout and additional drilling. Ongoing exploration is targeting higher-grade resources within the main Erato deposit and the less explored Arshak zone; initial access and infrastructure construction is scheduled to commence in early 2013, with production targeted for mid-2015."