Exploration Program Details

Drilling of the Dehusa Tungsten-Tin target commenced in mid-March 2026. To date, seven drill holes (LDD013 to LDD019) have been completed for a total of 2,984 meters, with drill hole LDD020 currently in progress. Completed holes have an average depth of approximately 430 meters, with the deepest hole reaching 626 meters.

Drill Results and Mineralisation

Every drill hole completed so far has intersected potentially economic tungsten or tungsten-tin mineralisation that could support future underground mining. Laboratory analytical results received for drill holes LDD013, LDD015, LDD016 and LDD017 have confirmed the presence of high-grade tungsten mineralisation.

Significant assay results include:

  • LDD016: 0.88% WO³ at 470 meters depth
  • LDD017: 1.21% WO³ at 535 meters depth
  • LDD016: Widest intersection of 7.5 meters averaging 0.29% WO³

Exploration Methodology

All drill core is initially examined with a portable XRF device together with detailed visual inspection under ultraviolet light. This approach provides preliminary assessment of tungsten mineralisation and optimises exploration budget, specifically for analysis costs. Portable XRF results and inspection of remaining holes show multiple veins and mineralised zones.

Project Potential Assessment

The presence of outcropping tungsten mineralisation, together with its confirmation at depth, suggests that mineralisation may extend along the central axis of the S-shaped Dehusa anomaly for approximately 3 kilometers, indicating substantial tungsten potential.

Future Exploration Plans

Dehesa is one of several exploration targets within the wider Logrosán project. Drilling at the Las Brujas and Logrosán North targets is currently planned for October and November 2026. Full assay results for the current programme are expected by mid-September 2026.

Project 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 the option to further increase its stake to 75% then potentially up to 95%.

Project Assets and Location

The investment is being deployed towards exploration and development of mineral assets held by LMSL in Spain, including:

  • Granted 37km² Logrosan project
  • Granted 40km² Maria projects
  • Application to extend Logrosan licence area by further 30km² has been lodged

The projects lie in a highly mineralised region of Spain known for tungsten, tin, rare earth elements, and gold occurrences within an Iberian metallogenic belt.

Geological Context

Logrosán is understood as a district-scale, multi-commodity critical mineral cluster with vein- and greisen-style tungsten-tin mineralisation associated with a blind parent intrusion. Near-surface mineralisation represents only the upper part of a larger system that should intensify toward the intrusion cupola at depth, estimated at approximately 1,500-2,000 meters.

Previous Exploration Work

Partners have undertaken considerable greenfield exploration work over the granted 37 km² licence area including ground magnetic surveys and comprehensive soil sampling programme. Results identified targets for tungsten (W), tin (Sn), phosphorous (P), REE, and Nb-Ta.

Target Definition

The primary Dehesa tungsten target is defined by a strong, broadly isometric, S-shaped tungsten-in-soil anomaly covering approximately one square kilometer. Tungsten concentrations reach around 700 ppm in the central part of the anomaly.

Management Commentary

Dr. Hanuma Prasad Modali, Managing Director, stated: "The results from Logrosan provide strong validation of the project's district-scale potential and reinforce our confidence in its long-term prospects. The fact that every drill hole has intersected potentially economic tungsten or tungsten-tin mineralisation points to a robust mineralised system with significant exploration upside. As the global focus on critical minerals continues to intensify, strategically important resources like tungsten will underpin future industrial growth and supply-chain resilience."

Company Background

Deccan Gold Mines Ltd remains the first and only gold and critical mineral resource company listed on the Bombay Stock Exchange Limited (BSE). Established in 2003, Deccan Gold holds a strategic portfolio of gold and critical mineral assets across India and internationally, including projects in Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain, Mozambique, Finland, and Tanzania.

#Tags: #DeccanGold #LogrosanProject #TungstenExploration #SEBIDisclosure #RegulatoryCompliance #Neutral