Deccan Gold Mines Limited (BSE: 512068) announced significant assay results from additional drilling at its Bhalukona Nickel-Copper-PGE Project in Chhattisgarh, expanding the scale of the mineralised system identified in May 2026.

The latest drilling results confirm a broad corridor of potentially economic nickel, copper and palladium mineralisation with localised platinum occurrences extending over a strike length of approximately 430 metres and to depths over 200m. The mineralised corridor remains open, with ongoing drilling indicating potential continuation across a larger target zone extending up to 1.3 kilometres.

Key Drilling Results:

  • 15 metres grading 0.31% Nickel Equivalent (NiEq) in Hole BJD-02
  • 36 metres grading 0.23% Nickel Equivalent (NiEq) in Hole BJD-03
  • 6 metres grading 0.39% Nickel Equivalent (NiEq) in Hole BJD-04
  • High-grade zones returning up to 1.29% Nickel Equivalent (NiEq)

The company has completed approximately 1,500 metres of diamond drilling across nine drill holes along a strike length of approximately 1.3 kilometres, with assay results from additional holes still pending.

The drilling programme confirms widespread sulphide mineralisation containing nickel, copper and platinum group elements (PGEs), including palladium and platinum. Microscopic studies had previously confirmed the presence of pentlandite, chalcopyrite and pyrrhotite sulphides.

The Bhalukona-Jamnidih Composite Licence was among the first critical minerals licences granted in India following the Government's strategic push to accelerate domestic exploration of critical minerals.

Dr. Hanuma Prasad Modali, Managing Director, stated that the results strengthen confidence in the scale and continuity of the mineralised system. The company is accelerating exploration activities to define a mineable resource and progress toward mining lease applications. Low-impact exploration activities will continue during the monsoon period, with drilling resuming aggressively post-monsoon.

Company Background:

Deccan Gold Mines Ltd. is India's first and only listed gold and critical minerals exploration and mining company, established in 2003. The company has a diversified portfolio of projects across India and overseas, including Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain, Mozambique, Finland and Tanzania.