The Amulsar project covers a region of epithermal-type gold mineralisation located in southern Armenia, discovered by Lydian in 2006. It is still open in all directions, including depth. All licences are held 100% by Geoteam, an Armenian registered closed joint stock company. Geoteam CJSC is owned 100% by Lydian International Limited.
The Amulsar gold project is located 170km south of Armenia's capital Yerevan on the border between the provinces (Marz) of Vayots Dzor and Sunnik. Lydian holds two Mineral Exploration Licences and a mining licence for the Artavasdes and Tigranes open pit at Amulsar, through its 100% owned Armenian subsidiary Geoteam CJSC. The Amulsar licences cover a total of 65km2.
In terms of infrastructure, Amulsar is well located:
- Main sealed highway (paved)- runs between Yerevan and Iran and passes some 4km to the south of the project available to the town of Jermuk. A further 15 km dirt road is available from Jermuk to the mine site passing North and west of Amulsar
- Electricity - high tension power lines pass along the main road and electricity is charged at $0.06/kWh
- Water - available year round from the Vorotan River and the Spandaryan reservoir (3km east and 8km south east respectively)
- Gas pipeline - runs between Yerevan and Iran and is currently under construction. It passes to the east of Amulsar some 4km
- Fibre optic internet cable - laid during 2010
- Small hydro-electric plant - located north east of Amulsar on the Vorotan river
- Local labour - several small towns and villages in the vicinity of Amulsar where Lydian will source the majority of its labour force
- Out of country supplies, material and equipment can be shipped to the ports of Poti or Batumi, Georgia, then trucked through Georgia and Armenia to the Amulsar project site.