Investor Presentaiton

Financing LYDIAN INTERNATIONAL Working assumption continues to be two- thirds debt and one- third equity Estimated cost for FS and ESIA updates US$3m, low burn rate for H1/14 Debt solutions: - 16 Banks have conducted site visits to Amulsar including IFI and Commercial Management continues to have dialogue with interested lending banks and IFIs ■ Recent studies suggest the Project will support significant commercial debt Equity financing: ■ will depend on share price and could include a quasi-equity component e.g. silver streams, royalty or convertibles 20 20 lydianinternational.co.uk

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