Deccan Gold Advances Critical Minerals Strategy with Dual Drilling Programmes in India and Europe

• Diamond drilling commences at Bhalukona Ni-Cu-PGE project in India and Logrosan Tungsten project in Spain

• Reinforces Deccan Gold’s positioning in critical minerals aligned to energy transition and resource security

Bengaluru | March 24, 2026: Deccan Gold Mines Limited (Deccan Gold), India’s only listed gold and critical minerals mining company, has commenced diamond drilling programmes across two high-potential critical minerals projects in India and Europe, marking a significant step in advancing its strategic resource portfolio.

The Company has initiated drilling at its Bhalukona Nickel–Copper–PGE project in Chhattisgarh, aimed at testing subsurface mineralisation in zones identified through anomalous rock chip sampling and supported by promising geophysical signatures.

In parallel, through its Dubai subsidiary, Deccan Gold has commenced drilling at the Logrosan Tungsten Project in Spain, targeting tungsten-bearing zones identified by previous exploration programmes, with the objective of progressing toward a maiden mineral resource.

Strengthening Position in Critical Minerals

These drilling programmes mark a critical milestone in Deccan Gold’s strategy to build a diversified portfolio of gold and critical mineral assets across geographies, aligned with the growing global focus on energy transition metals and supply chain resilience.

Deccan Gold expects to share initial outcomes from both drilling programmes in the coming weeks.

Commenting on the development, Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Limited, said: “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. We remain focused on disciplined exploration and responsible development – creating sustainable value for our ~50,000 shareholders, supporting local communities, and contributing to resilient critical mineral supply chains.”

Building a Future-Ready Resource Portfolio

Deccan Gold continues to expand its footprint beyond gold into critical minerals such as nickel, copper, platinum group elements (PGE), and tungsten – key inputs for clean energy systems, electrification, and industrial technologies.

The Company’s integrated approach – combining domestic exploration with international asset development – positions it to participate in the evolving global demand for strategic minerals.