Work commences on Composite Licence over the Bhalukona-Jamnidih Nickel, Chromium and PGE Block in Chhattisgarh
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deccan Gold Mines has started exploration work at its Bhalukona-Jamnidih block in Chhattisgarh, which holds nickel, chromium and platinum group elements (PGE). The company received its work permit on April 9, 2025, and has begun boundary demarcation using DGPS surveys along with drone-based magnetic geophysical surveys. Next steps include detailed geophysics over promising zones, geological mapping and soil geochemistry to identify mineralized areas. The company highlights that it is among the first to be granted a nickel licence in India and positions this project as part of India's critical mineral self-sufficiency push. No production, revenue figures or commercial milestones are mentioned — this is purely an early-stage exploration commencement update.
No immediate impact on earnings or stock price as this is early-stage exploration; positive sentiment for long-term shareholders as the company moves from licence award to active fieldwork, with future value depending on exploration results.