Lydian International Limited announced the groundbreaking ceremony at its 100%-owned Amulsar Gold Project in Armenia. The ceremony, held August 19, took place as Lydian completes key engineering tasks to begin mobilizing for construction. Upon completion, the Amulsar Gold Project is expected to be the large gold mine in Armenia, producing an average of 243,000 ounces of gold per year over the initial five years of operations. With this scale of production and the initial 10-year life-of-mine total cash cost estimated at USD 509/gold ounce, Amulsar will be a highly profitable operation. As construction progresses and operations begin, Lydian will also be evaluating future additional potential from currently defined inferred mineral resources and, ultimately, from open extensions at depth.