Deccan Gold Mines delegation visits Altyn Tor project from Jul 1

A delegation comprising representatives from financial institutions and institutional clients led by Anand Rathi Share & Stock Brokers will visit the Altyn Tor Gold Project of Avelum Partner LLC in Kyrgyz Republic from July 1 to July 4, 2026. The project is a subsidiary of deccan gold mines . The visit is intended to provide the delegation with an on-ground understanding of the project, its current status, and future potential.

Dr. Hanuma Prasad, Managing Director of the Company, will accompany the delegation and personally brief them on various aspects of the Altyn Tor Gold Project. The delegation will also meet the senior management team of Avelum Partner LLC during the visit.

Visit Details

Aspect	Details
Project	Altyn Tor Gold Project
Location	Kyrgyz Republic
Subsidiary	Avelum Partner LLC
Visit Dates	July 1 to July 4, 2026
Delegation Lead	Anand Rathi Share & Stock Brokers Limited

The disclosure was made to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.01%	+12.39%	+23.12%	+70.80%	+70.80%	+70.80%

Deccan Gold Mines Limited has inaugurated the Jonnagiri Gold Project in Andhra Pradesh, marking a significant milestone in India's private-sector mining landscape. The inauguration ceremony took place on 24 June 2026, attended by Andhra Pradesh Chief Minister Shri N. Chandrababu Naidu. During the event, the Chief Minister laid the foundation stone for the expansion of the processing plant and announced the renaming of Jonnagiri village to "Swarnagiri". The project is expected to contribute substantially to the nation's domestic gold production and economic growth in the Kurnool District.

Project Overview and Operations

The Jonnagiri Gold Project currently processes approximately 1,000 tonnes of ore per day through a state-of-the-art facility. Annual gold production is estimated at 400-600 kilograms. Upon completion of the planned mill expansion, the processing capacity is expected to increase to approximately 2,500 tonnes per day, enabling the production of over 1 tonne of gold per annum. The facility also includes an on-site gold refinery.

Parameter	Details
Current Processing Capacity	1,000 tonnes per day
Current Annual Gold Production	400-600 kg
Expanded Processing Capacity	2,500 tonnes per day
Expanded Annual Gold Production	Over 1 tonne
Project Location	Jonnagiri, Kurnool District, Andhra Pradesh

Strategic Significance

Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, highlighted the project's role in reducing India's dependence on gold imports. He emphasized that responsible resource development at Jonnagiri unlocks long-term value for communities and the nation. The Chief Minister reiterated the project's potential to usher in a new phase of economic growth in the region and promised support for further land acquisitions and expansion initiatives.