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.

Deccan Gold Mines Ltd. , India's pioneering listed gold exploration company, is set to make history with its Altyn Tor Gold Project in Kyrgyzstan. The company's Managing Director, Dr. Hanuma Prasad Modali, recently met with Kyrgyz Ambassador H.E. Mr. Askar Beshimov in Chennai, underscoring the project's significance in strengthening bilateral economic ties.

A Milestone in Cross-Border Mining

The Altyn Tor Gold Project, scheduled to commence production in October 2025, marks a significant milestone as the first overseas mining investment by an Indian company in Kyrgyzstan. This venture aligns with India's Atmanirbhar Bharat vision, aimed at securing critical mineral resources and expanding India's global footprint in the mining sector.

Project Details and Economic Impact

Located in Kyrgyzstan's mineral-rich Soltan Sary zone, the Altyn Tor deposit boasts an estimated resource of 4.65 million tonnes, grading 1.21 g/t Au for 180 koz. Deccan Gold Mines, through its investment in Avelum Partner, is developing the project into a world-class mining operation, with Dore bar production expected to begin in October 2025.

Strengthening Bilateral Relations

Dr. Hanuma Prasad Modali emphasized the project's broader implications, stating, "The Altyn Tor project represents more than a milestone for Deccan Gold - it reflects India's ability to shape the future of global mining while deepening our partnership with Kyrgyzstan."

Ambassador Beshimov echoed this sentiment, highlighting the project's role in fostering cooperation between the two nations. "The Altyn Tor project is a testament to the opportunities that exist for cooperation in mining, critical minerals, and broader economic engagement," he remarked.

Sustainable and Responsible Mining

Deccan Gold Mines Ltd. is committed to sustainable and transparent development practices. The company aims to demonstrate that ethical mining, cross-border collaboration, and long-term value creation can coexist harmoniously.

Looking Ahead

As the Altyn Tor project nears production, it stands as a symbol of the growing alignment between India and Kyrgyzstan in trade, investment, and resource development. This partnership is expected to contribute significantly to both countries' economic progress and resource security.

The success of this venture could pave the way for more Indian companies to explore international mining opportunities, further strengthening India's position in the global mineral resource market while fostering mutually beneficial international partnerships.