The Lydian International company announced that it has reached the final stage of the permitting process for its Amulsar gold project in Armenia with the approval of a key mining right.

The Resource Investing News website informed the aforesaid adding that, following this announcement, the shares of the company had jumped.

Lydian has received various permits for Amulsar in the past. However, this is the first time the company has gained a mining right that allows it to develop the project according to the parameters of its updated feasibility study, which was released back in September.

The study made substantial changes to the project’s infrastructure, such as moving the planned location of the heap leach facility.