First gold doré produced at Altyn Tor Project in Kyrgyzstan

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Price reactionminutes from the announcement price · days from the prior close

+13.6%Reaction day

₹199.82

prior close

₹202.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+13.2% vs market

Non - Ferrous Metals peers, median of 20sector · industry level+1.5%+12.1% vs sector

On the reaction day the stock moved 13.2 pts more than Nifty Microcap 250 and 12.1 pts more than its Non - Ferrous Metals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.6

15m

+1.2

30m

+4.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+13.6+0.4+13.2+1.5+12.1

Next day

+8.0+0.4+7.6+0.2+7.7

+7.0+0.3+6.7+0.4+6.5

+11.6+0.2+11.4+1.4+10.2

+9.6+0.5+9.1+2.8+6.8

+13.9+0.7+13.2+1.3+12.5

+21.5+0.9+20.6+1.0+20.5

15d

+14.6+1.6+13.0+2.1+12.5

+8.1+2.4+5.7+3.8+4.2

-0.2+1.1-1.3-1.0+0.8

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UpDownMarket · Nifty Microcap 250Sector · Non - Ferrous Metals peers, median of 20Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Deccan Gold Mines produced its first gold doré at the Altyn Tor Project in Kyrgyzstan, marking its transition from explorer to producer. First batch of gravity concentrate was processed through the newly installed Intensive Leach System, validating the processing flowsheet under live conditions. Altyn Tor currently holds estimated 180 koz gold resources. Deccan Gold holds 60% in Avelum Partners which operates the project. Full-scale commercial production is still ahead.

Likely market impact

Positive milestone - validates processing method and moves Deccan Gold closer to becoming a producer. Full-scale commercial revenue still ahead.