Exploration Results Summary

Deccan Gold has received all results and geological data from its maiden drilling programme at the Logrosan Tungsten Project in Spain. The drilling programme commenced in mid-March 2026 and consisted of eight holes totaling 3,522 meters, with an average depth of approximately 430 meters and the deepest hole reaching 626 meters.

Every drill hole completed intersected potentially economic tungsten or tungsten-tin mineralisation that might support future underground mining. Preliminary geological modelling suggests the deposit might contain more than 2.3 million tonnes containing more than 2,000 tonnes WO₃ and 500 tonnes SnO₂ at economic cut-off grades.

Detailed Drill Results

The disclosure includes specific drill intersection data from the Dehusa Deposit:

Hole LDD013:

  • 118.3m to 121m: 2.7m @ 0.24% WO₃, 1,016 ppm Sn
  • 182.9m to 184m: 1.1m @ 0.32% WO₃, 270 ppm Sn
  • 187.9m to 196.1m: 8.2m @ 0.23% WO₃, 200 ppm Sn
  • Additional minor intersections at 80.4m, 97.2m, and 99.15m

Hole LDD015:

  • Multiple intersections between 101m and 164.5m with WO₃ grades ranging from 0.14% to 0.29%

Hole LDD016:

  • 462.5m to 470m: 7.5m @ 0.29% WO₃, 345 ppm Sn
  • 484.5m to 485m: 1.4m @ 0.13% WO₃, 47 ppm Sn

Hole LDD017:

  • 534.3m to 535.8m: 1.5m @ 0.65% WO₃, 273 ppm Sn

Project Updates and Additional Activities

Drilling is continuing at the nearby Maria prospect to test subsurface mineralisation below a coincident gold and antimony soil anomaly. Three holes have intersected antimony mineralisation (>820m), with assay results pending.

The company's partners in the Logrosan Project applied for and received funding under a Spanish Government exploration incentive scheme. The government will provide up to 250,000 Euro in deductions for specific administration and exploration costs related to the La Brujas exploration target.

Exploration programme at La Brujas will commence in November/December 2026 once the first phase of drilling at Maria Prospect has finished.

Project Background and Ownership Structure

Deccan Gold (through its wholly owned Dubai subsidiary, DGFZCO) has entered a definitive Earn-In/Option and Shareholders Agreement to acquire a 51% stake in Logrosan Minera S.L. (LMSL) Spain, with options to further increase its stake to 75% and potentially up to 95%.

The investment is being deployed towards exploration and development of mineral assets held by LMSL, including the granted 37km² Logrosan and 40km² Maria projects. An application to extend the Logrosan licence area by a further 30km² has been lodged.

Management Commentary

Dr. Hanuma Prasad Modali, Managing Director, stated: "The maiden drilling results from Logrosán are encouraging, particularly because every completed hole has intersected tungsten or tungsten–tin mineralisation. The preliminary geological model gives us a stronger basis to understand the scale and architecture of the mineralised system and to plan the next phase of exploration."

He added: "However, there is still significant technical work ahead to establish the extent, continuity and economic potential of the deposit. Our focus now is on using the data to guide the next drilling programme and systematically evaluate the opportunity."

Financial Impact Assessment

Financial impact not quantified in the disclosure. The exploration results represent preliminary findings that require further technical work to establish economic potential.