Deccan Gold Mines Ltd

Deccan Gold Mines Expands Operations & Eyes Major Gold Production 🚀⛏️

- Pre-commissioning trials at Altyn Tor (Kyrgyzstan) target 20-30,000 tonnes of ore (1.00g/t Au).

- Jonnagiri trials completed, yielding 40kg of gold in doré bars; full-scale production next.

- Company aims to produce 0.5 tonnes of gold in the next 12-18 months.

- Rights Issue oversubscribed; funds used for debt repayment and 2026 exploration.

- Acquired tungsten project in Spain; discovered Ni-Cu-PGE mineralization at Bhalukona.

- Altyn Tor gold deposit extension identified; Mineral Resource update expected Q1 2026.

- Global projects in India, Kyrgyzstan, Mozambique, Finland, Spain, and Tanzania.

- Exploring gold and critical minerals (lithium, tantalum, copper).

- Market cap: ~2140 Cr; only BSE-listed gold & critical minerals exploration company.

- Key projects: Jonnagiri (27% stake), Altyn Tor (60%), Kuikka Deposit (32%, can increase to 75%).

- Gold price forecasts suggest potential rise to $5,000/oz by 2026.

- Focus on critical minerals (lithium, cobalt, rare earths) for India’s growth & security.