Deccan Gold Mines Launches Dual Drilling Programmes for Critical Minerals
Deccan Gold Mines Limited, India's sole listed gold and critical minerals mining company, has initiated significant diamond drilling operations at two high-potential projects in India and Europe. This strategic move marks a pivotal advancement in the company's efforts to diversify its resource portfolio and align with global energy transition demands.
Drilling Commences at Bhalukona Nickel-Copper-PGE Project in Chhattisgarh
The company has launched drilling at its Bhalukona Nickel-Copper-PGE project located in Chhattisgarh. This programme is designed to test subsurface mineralisation in zones that have been identified through anomalous rock chip sampling and are supported by promising geophysical signatures. The project targets critical minerals such as nickel, copper, and platinum group elements (PGE), which are essential for clean energy systems and advanced manufacturing technologies.
Parallel Drilling at Logrosan Tungsten Project in Spain
In a simultaneous development, Deccan Gold, through its Dubai subsidiary, has commenced drilling at the Logrosan Tungsten Project in Spain. This initiative focuses on tungsten-bearing zones that were identified by previous exploration programmes. The objective is to progress towards establishing a maiden mineral resource, further expanding the company's international footprint in critical minerals.
Strategic Milestone for Diversified Portfolio
These drilling programmes represent a critical milestone in Deccan Gold's strategy to build a diversified portfolio of gold and critical mineral assets across different geographies. The move is aligned with the growing global emphasis on energy transition metals and enhancing supply chain resilience. The company expects to share initial outcomes from both drilling programmes in the coming weeks, providing insights into the potential of these resources.
Leadership Perspective on Critical Minerals
Commenting on this development, Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, stated: "Critical minerals are now central to global economic priorities, underpinning clean energy, advanced manufacturing, and resource security. India's Atmanirbhar Bharat focus further reinforces the need to build domestic capabilities in this space. The commencement of drilling at Bhalukona and Logrosan marks a decisive step in advancing our diversified, future-facing resource portfolio across India and Europe."
He added that the company remains committed to disciplined exploration and responsible development, aiming to create sustainable value for its approximately 50,000 shareholders, support local communities, and contribute to resilient critical mineral supply chains.
Expanding Footprint Beyond Gold
Deccan Gold continues to expand its operations beyond gold into critical minerals, including:
- Nickel
- Copper
- Platinum group elements (PGE)
- Tungsten
These minerals are key inputs for clean energy systems, electrification, and industrial technologies. The company's integrated approach, which combines domestic exploration with international asset development, positions it to effectively participate in the evolving global demand for strategic minerals.
Company Background and Global Presence
Established in 2003, Deccan Gold Mines Ltd is one of India's first and only listed gold and critical minerals exploration and mining companies. The company has built a diversified portfolio of projects across India and overseas, with interests spanning multiple regions:
- Andhra Pradesh
- Chhattisgarh
- Kyrgyzstan
- Mozambique
- Finland
- Spain
Deccan Gold is focused on developing responsible, technology-led, and globally competitive mining assets. The company emphasizes community upliftment, transparency, and long-term value creation for stakeholders, reinforcing its commitment to sustainable and ethical mining practices.
