Deccan Gold Mines Limited Information

Deccan Gold Mines Ltd. (DGML), is the first and the only gold exploration company listed on the Bombay Stock Exchange Limited (BSE) which was established in the year 2003 by promoters with deep roots in the exploration and mining sector. DGML for a long period of time has been involved in gold exploration activities in India and overseas. DGML’s exploration in India, particularly in the state of Karnataka led to dicovery of open pittable gold deposits in the Archaean greenstone belts of Dharwar Craton. These deposits are in Hutti and Dharwar – Shimoga belts. DGML has also completed a JORC – compliant Feasibility on Ganajur gold deposit in Karnataka. Since 2021, as a part of expansion and diversification, DGML has initiated M&A activities. As a result DGML has acquired significant stake (40%) in Geomysore Services (India) Private Limited, which is developing the first private sector gold mine (Jonnagiri) in India since Independence. Jonnagiri mine is situated in the state of Andhra Pradesh and is heading for full scale commercial production in the second half 2024. Further, DGML is also acquiring significant stake in Altyn Tor Gold Mine in Kyrgyzstan (60%) and Kelavala Gold Project in Finland (32%, with an option to go upto 51%). The Altyn Tor gold project is expected to achieve full scale production in the 4th quarter of 2024. DGML has also won Bhalukona – Jamnidih Block through auction, which is considered to a very high potential area for Ni – Cu – Cr – PGE mineralization. This block is situated in the state of Chhattisgarh and is acquired as a part of its diversification into battery and multimetal deposits. DGML also owns exploration licenses in Tanzania through it’s 100% subsidiary, which are located in the vicinity of large operating gold mines. DGML with large portfolio of assets, which range from near producing to long term potential gold and multimetal deposits, is in an unique situation of becoming an Indian owned global mining entity in long term. DGML