DECNGOLD · price
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Deccan Gold Mines has started diamond drilling at two critical mineral projects. The first is the Bhalukona Ni-Cu-PGE (nickel-copper-platinum group elements) project in Chhattisgarh, India, targeting subsurface zones identified through anomalous rock chip samples and geophysical surveys. The second is the Logrosan Tungsten Project in Spain, funded through its Dubai subsidiary Deccan Gold FZCO, with the aim of declaring a maiden mineral resource. The company, which claims to be the only listed gold and critical mineral resource company on BSE, says it will share drilling outcomes in the coming weeks. The update aligns the company's work with India's Atmanirbhar Bharat push for self-reliance in critical mineral supply chains.
This is a forward-looking operational update with no immediate revenue or earnings impact. Positive exploration news from either project could act as a sentiment catalyst, but shareholders should note that drilling results are still pending and mineral exploration carries inherent uncertainty. No new contracts, orders, or financial guidance were provided.