Deccan Gold Mines Limited conducted an earnings call for Q1 FY2026-2027 on August 12, 2026, at 11:00 AM IST, accompanied by an investor presentation uploaded to the company website.

Q1 Financial Results

  • Standalone profit remained positive at ₹11.5 million
  • Associates contributed positively to Group's long-term value creation strategy
  • Geomysore contributed ₹6.35 crore profit due to sale of 59 kg of gold
  • Consolidated results reflected ongoing investment in Altyn Tor Gold Project, which is in development stage
  • Board approved ₹137 crore capital raise through CCDs, equity shares, and equity warrants
  • Capital to be deployed across exploration, project development, and production expansion
  • Capital raise expected to accelerate transition into production-oriented mining company

Board Changes

  • Mr. Pandarinathan Elango elected Chairman following retirement of Mr. Kailasam Sundaram
  • Ms. Jade Devenish elected as non-executive, non-independent Director
  • Ms. Deepthi Donkeshwar, Independent Director, retired on rotation

Gold Projects Update

Jonnagiri Gold Mine, Andhra Pradesh

  • Currently in production
  • Q1 doré production: 112.683 kg Au
  • Q1 ingot production: 89.702 kg Au
  • Q1 sales: 59.001 kg Au
  • Revenue: ₹87,16,02,313
  • Profit After Tax: ₹25,62,94,687
  • Deccan Gold share @26%: ₹6.35 crore (including deduction from March 2026)
  • Ending Q1 inventory: Gold 40 kg; Doré 60 kg
  • Project inaugurated in June 2026 by AP Chief Minister N Chandrababu Naidu

GMSI Development Plan

  • Drilling to increase resources to +40 tonnes Au
  • Target production: 90 kg Au per quarter (~1kg/day)
  • Acquire approvals to increase production to +700 kg Au annually
  • Target >1 tonne per annum by 2029

Altyn Tor, Kyrgyzstan

  • First gold doré produced on August 5, 2026
  • Gravity circuit concentrate processed through newly installed Intensive Leach System (ILS) tanks
  • Gold recovered via Merrill-Crowe process and smelted to produce doré
  • Outcome confirms metallurgical leachability of material
  • Critical de-risking step for processing flowsheet
  • Demonstrates operational viability for full-scale commercialization
  • Update to Mineral Resource submitted to State Reserve Committee

Next Steps for Altyn Tor

  • Completion and commissioning of leach circuit and tailings facility
  • Mining activities to restart in August 2026
  • Revised mine design and LOM plan targeted for September/October 2026
  • Further drilling to increase resource to >5 tonnes Au with potential underground mine
  • Increased resources and revised mine design planned for October 2026

Kalevala Gold Oy, Finland

  • Total licensed area: 27.36 sq km (2,735.8 ha across 8 licenses)
  • Situated in Archean green stone belt of Eastern Finland
  • 1,000–1,500 m drilling program to commence in September/October 2026
  • Aim to confirm and extend Kuikka Deposit to increase resources to ~4 tonnes
  • Confirm historical drilling at Pahkalampi Deposit and declare formal resources
  • Complete applications for mining leases and construction of ~800tpd processing plant
  • Increase holding to majority 51% during 2026/7 requiring investment of US$1-2M

Kuikka Gold Deposit

  • Current inventory: ~1 tonne Au (>5 g/t average grade) with significant upside potential
  • Partially open pittable

Pahkalampi Prospect

  • Located ~25km from Kuikka
  • Historical resources: 0.59Mt grading 3.5g/t for ~2 tonnes contained Au

Ganajur Gold Project, Karnataka

  • Important gold project and potential key value driver
  • Pursuing Mining Lease through legal proceedings before Karnataka High Court via Writ Petition
  • Awaiting Supreme Court decision in Indocil case (government appeal against Karnataka High Court judgment)
  • Company applied and admitted as Impleaders in Indocil case before Supreme Court
  • Core issue relates to interpretation of Section 10A(2)(b) of MMDR Act
  • Matter awaiting further hearing before Supreme Court

Project Acquisitions

  • 3 new assets under due diligence
  • Potential production by 2028
  • Expansion of existing projects plus inorganic growth

Critical Minerals Projects

Bhalukona, Ni-Cu-PGE

  • ~2,500 m of diamond core drilling in 15 drill holes
  • Mineralized zone >1.3 km, extending previously delineated trend
  • Intersections of disseminated and heavy to massive sulphides in most holes
  • License area: 30 km²

Next Steps for Bhalukona

  • Soil sampling to test for repetition of mineralized zones in SE
  • Establishment of permanent base camp and facilities
  • Application to extend CL for 1 year, then apply for mining lease in 2027/2028
  • Large resource drilling programme
  • Metallurgical and process flow test work
  • Flow sheet design
  • Aim: define sufficient resources to support 3,000tpd plant

Logrosan Tungsten Project, Spain

  • Increasing stake to 51% through funding exploration activities
  • Drilling of Dehesa Tungsten-Tin target: seven drill holes for ~3,000m to date
  • Average depth ~430m, deepest hole 626m
  • Every drill hole intersected potentially economic tungsten or tungsten-tin mineralization
  • Highest results: 0.88% WO₃ at 470m in LDD016 and 1.21% at 535m in LDD017
  • Widest intersection: 7.5m averaging 0.29% WO₃ in LDD016
  • Drilling to start on 40 km² Maria Gold Prospect followed by Las Brujas

Next Steps for Logrosan

  • Full results from Dehesa expected mid-September 2026
  • Preliminary modelling completion: early October 2026
  • 1,000–2,000m resource definition drilling at Dehesa to commence after modelling
  • Aim: define sufficient resource to support 1,000-2,000 tpd processing plant

Mozambique – LCT Exploration

  • Total license area: ~150 km²
  • Geological mapping and soil sampling identified 4-5 pegmatite zones in one block
  • Swarm of about 8 pegmatites on another license area
  • Anomalous rock chip samples: up to 426 ppm Li, 1,383 ppm Ta, 378 ppm Cs, 1,828 ppm Rb

Next Steps for Mozambique

  • 1,500-2,000m drilling programme to commence September/October 2026
  • Samples sent for beneficiation test work
  • Aim: 200 tpd processing plant for Lithium (± Tantalum) concentrate by end of 2027
  • Ongoing discovery of resources to increase plant capacity to 1,000 tpd

Critical (Battery) Metals Strategy

  • Focus on battery metals and high-value critical minerals
  • Expand operations downstream to produce battery-ready products
  • Projects include: Bhalukona Ni-Cu-PGE (Chhattisgarh), Lithium & Tantalum (Mozambique), Tungsten & Tin (Spain)
  • Graphite project under due diligence
  • Mining license application for Bhalukona – target 2028
  • Setting up 200tpd plant for lithium, tantalum in Mozambique – by 2028
  • MOU with CSIR-CECRI to strengthen India's capabilities in critical minerals processing
  • MOU with Xterra Global