Deccan Gold Mines Limited (DGML) has made a strategic move into the critical minerals sector with the launch of its wholly-owned subsidiary, Novadhatu Minerals Private Limited. This new venture, incorporated on October 27, 2025, aims to focus exclusively on critical mineral projects in India, marking a significant expansion of DGML's mining portfolio.

Key Details of the New Subsidiary

Strategic Objectives

Novadhatu Minerals is set to engage in a range of activities centered around critical minerals:

1. Exploration and Mining: The company will focus on the exploration, development, and extraction of critical minerals, with a particular emphasis on Nickel and Platinum Group Elements (PGEs).

2. Processing and Refining: Establishment of processing plants, smelters, and refineries for the extracted minerals.

3. Trading and Manufacturing: Involvement in the manufacturing, marketing, import, and export of products derived from Nickel and PGEs.

4. Research and Development: Commitment to advancing mining technologies, environmental sustainability, and resource optimization.

5. Land Acquisition: Securing rights over mineral-bearing lands and properties for exploration and evaluation.

Market Implications

This strategic move by Deccan Gold Mines comes at a time when critical minerals are gaining importance globally. The focus on Nickel and PGEs is particularly noteworthy, given their crucial role in emerging technologies, including electric vehicles and renewable energy systems.

The expansion into critical minerals through Novadhatu Minerals represents a diversification of Deccan Gold Mines' portfolio. It positions the company to potentially capitalize on the growing demand for these essential resources in India's evolving industrial landscape.

As the critical minerals sector continues to gain prominence, Deccan Gold Mines' entry through Novadhatu Minerals could potentially open up new revenue streams and growth opportunities for the company in the long term.

Investors and industry observers will be keenly watching how this new subsidiary develops its operations and contributes to Deccan Gold Mines' overall business strategy in the coming years.

Deccan Gold Mines , a key player in India's gold mining sector, has taken a significant step forward in its operational journey. The company has commenced pre-commercial production trials at its Jonnagiri Process Plant, located in Andhra Pradesh, India.

Operational Milestone

This development marks a crucial phase for Deccan Gold Mines as it progresses towards full commercial production at the facility. The initiation of pre-commercial production trials is typically a precursor to full-scale operations, allowing the company to test and optimize its processes before ramping up to commercial levels.

Strategic Importance

The Jonnagiri Process Plant is poised to play a vital role in Deccan Gold Mines' operations:

1. Location Advantage: Situated in Andhra Pradesh, the plant benefits from the state's mineral-rich geology.
2. Operational Readiness: The commencement of trials indicates that the plant's infrastructure and systems are nearing operational readiness.
3. Future Production: Successful trials could pave the way for consistent gold production, potentially boosting the company's output and revenue streams.

Implications for Investors

While it's important to note that pre-commercial production does not immediately translate to revenue generation, it is a positive indicator of the company's progress. Investors and market watchers may want to keep an eye on further updates from Deccan Gold Mines regarding:

• The duration of the trial period
• Any adjustments or optimizations made during this phase
• The timeline for transitioning to full commercial production

As Deccan Gold Mines advances through this critical stage, it could potentially strengthen its position in India's gold mining industry. However, as with any mining operation, factors such as operational efficiency, gold prices, and regulatory environment will play crucial roles in the company's long-term success.

Stakeholders are advised to stay tuned for further announcements from the company as it navigates this important phase of its operational development.