Memorandum of Understanding with CSIR-CECRI
Deccan Gold has entered a Memorandum of Understanding (MoU) with CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi, a premier constituent laboratory of the Council of Scientific and Industrial Research (CSIR), Government of India.
Key Areas of Cooperation:
- Scientific studies on extraction, recovery and characterization of nickel from Ni-PGE ores of the Bhanwarpur Complex (Bhalukona)
- Evaluation, characterization and metallurgical test work on lithium concentrates produced from Deccan Gold's Mozambique operations
- Development of beneficiation, extraction and value-addition technologies
- Development of beneficiation, hydrometallurgical and electrochemical processes for nickel extraction and purification
- Research and development of Nickel-Carbon battery materials and laboratory-scale cells
- Joint development of project-specific research programmes, technology validation and commercialization opportunities
Agreement Terms: The MoU is non-binding in nature and provides the framework for executing project-specific agreements as and when mutually identified opportunities arise. The arrangement is valid for an initial period of two years.
About CSIR-CECRI
Established in 1953, CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi, Tamil Nadu, is one of India's leading national research laboratories under CSIR. The Institute is internationally recognized for its work in electrochemical science and technology, materials engineering, mineral and bio-mineral processing, metal extraction, process engineering, corrosion science, electrochemical energy storage systems, battery technologies, surface engineering, and advanced materials characterization. The Institute developed India's first indigenous Lithium-Ion (Li-ion) battery fabrication technology.
Strategic Alliance Agreement with XTerra Global Resources
Deccan Gold has entered into a Strategic Alliance Agreement with XTerra Global Resources Private Limited ("XTerra"), establishing a non-exclusive framework for cooperation in critical minerals, mineral processing, battery materials and downstream value-addition opportunities in India and overseas.
Scope of Cooperation: The Parties will explore opportunities for technology development, project evaluation, value-added processing and strategic investments in the critical minerals sector.
Agreement Terms: The Strategic Alliance Agreement serves as an umbrella arrangement under which project-specific definitive agreements may be executed as and when mutually agreed opportunities are identified. The agreement is valid for an initial period of two years and is non-exclusive in nature.
Expected Impact
These strategic collaborations are expected to strengthen Deccan Gold's technical, research and project development capabilities and enhance its participation in the rapidly evolving critical minerals and energy-transition sectors in India and internationally.
Financial Impact: Not quantified in the disclosure.