Deccan Gold Mines Limited (DGML) has presented an ambitious roadmap for its global gold and critical minerals operations in an investor presentation. The company, which is India's first listed exploration and mining entity, outlined its diverse portfolio spanning India, Kyrgyzstan, Mozambique, Finland, and Tanzania.

Key Highlights

• Rights Issue: DGML is preparing for its largest capital raise to date, with a rights issue not exceeding ₹315.00 crores.
• Production Targets: The company aims to increase gold production at its Jonnagiri mine in India and Altyn Tor project in Kyrgyzstan to approximately 1 tonne per annum each by 2030.
• Critical Minerals Focus: DGML is expanding into critical minerals, including lithium, tantalum, and copper, with projects in Mozambique and India.
• Finland Operations: The company is advancing gold exploration projects in Finland, a Tier 1 mining jurisdiction.

Operational Updates

Jonnagiri Gold Mine, India

• India's first new private gold mine since independence
• Total JORC Mineral Resources of 8.20 million tonnes at 1.49 g/t Au
• Initial production forecast of 400 kg/year, with plans to increase to 800+ kg/year by FY 2027

Altyn Tor Project, Kyrgyzstan

• 60% investment in Avelum Partners
• Mineral Resources estimated at 4.65 Mt grading 1.21 g/t Au for 5.60 tonnes
• Low-grade stockpiles and tailings to provide 3-4 years of production

Mozambique Projects

• Lithium and tantalum exploration in the Alto Ligonha Pegmatite Province
• Copper exploration in the Tete Province, showing strong evidence of mineralization

Finland Operations

• Three gold exploration projects in Eastern Finland
• Kuikka Deposit showing high-grade gold values ranging from 5g/t to over 120g/t

Bhalukona Nickel Project, Chhattisgarh

• One of the first nickel licenses granted in India
• Early evidence of nickel, copper, and platinum group elements (PGEs) mineralization

Financial and Strategic Outlook

DGML's presentation highlighted its focus on both near-term production and long-term exploration. The company's strategy includes:

1. Increasing gold production at existing mines
2. Developing critical mineral projects in Mozambique
3. Exploring high-potential areas in Finland and India
4. Seeking acquisitions of near-production gold or critical mineral projects

The rights issue, not exceeding ₹315.00 crores, is expected to fund these expansion plans and strengthen the company's position in the global mining sector.

Management Commentary

Dr. M. Hanuma Prasad, Executive Director and Managing Director, stated, "Our diverse portfolio across multiple jurisdictions positions Deccan Gold Mines as a significant player in both gold and critical minerals sectors. We are committed to responsible mining practices and creating value for all stakeholders."

Deccan Gold Mines' investor presentation underscores its transformation from a purely gold-focused company to a diversified minerals producer, aligning with global demand for critical minerals and maintaining a strong presence in the gold sector.

Deccan Gold Mines Limited , a prominent player in the gold exploration and mining sector, has reported its financial results for the quarter ended September 30, 2025, along with several key corporate decisions. The company continues to face challenges, as reflected in its financial performance and strategic moves.

Financial Performance

Deccan Gold Mines reported a net loss of Rs 5.17 crore for the quarter ended September 30, 2025. This represents a slight increase in losses compared to the previous year's quarter, which saw a loss of Rs 4.55 crore. The company's financial results reflect the ongoing challenges in the gold exploration sector.

Key Corporate Decisions

Appointment of New Independent Director

The company's board has approved the appointment of Mr. Vishwas Vasanth Rao as a Non-Executive Independent Director for a term of 5 years, effective November 12, 2025. Mr. Rao brings valuable expertise to the board:

• Founding partner of Vantage Point Advisors LLP, Bangalore
• Qualified Chartered Accountant and Commerce Graduate
• Extensive experience in mergers and acquisitions, tax structuring, and due diligence
• Specialized focus on real estate, healthcare, education, technology, and manufacturing sectors

New Secretarial Auditors

Rathi & Associates, Company Secretaries, have been appointed as the Secretarial Auditors of Deccan Gold Mines for a period of five consecutive years, from FY2025-26 to FY2029-30. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Annual General Meeting and Book Closure

The company has scheduled its 41st Annual General Meeting for December 23, 2025. In preparation for this event, the Register of Members and Share Transfer Books will remain closed from December 17, 2025, to December 23, 2025 (both days inclusive).

Rights Issue Update

The board has postponed decisions regarding the company's Rights Issue due to pending queries from the BSE on the Draft Letter of Offer. This delay suggests ongoing regulatory scrutiny and the company's cautious approach to capital raising.

Global Operations

Deccan Gold Mines operates through a network of subsidiaries and associates across multiple countries:

This global presence underscores the company's commitment to diversifying its exploration and mining activities across various geographies.

Conclusion

As Deccan Gold Mines navigates through financial challenges and regulatory processes, the appointment of a new independent director and secretarial auditors signals the company's focus on strengthening its corporate governance. The postponement of the Rights Issue decision highlights the complex regulatory environment in which the company operates. These recent developments, particularly the new board appointment and global operations, may influence the company's strategy and performance in the coming quarters.