DBT Bureau
Pune, 29 March 2026
Deccan Gold Mines Ltd has initiated diamond drilling operations across two strategic critical mineral projects, marking a significant step in its resource development pipeline.
Accroding to exchange filing,the company has commenced drilling at its Bhalukona Nickel-Copper-PGE (Ni-Cu-PGE) project in Chhattisgarh. The drilling program is aimed at testing subsurface geology and mineralisation, particularly in zones where anomalous rock chip samples have been identified alongside favourable geophysical signatures. The project is considered prospective for critical minerals essential to clean energy and advanced manufacturing sectors.
In addition, Deccan Gold has funded and initiated diamond drilling at the Logrosan Tungsten Project in Spain through its Dubai-based subsidiary Deccan Gold FZCO. The drilling program is aiming to test the tungsten zones identified by previous explorers,including partners, with a view to declaring a maiden mineral resource for the Project.
The company said that outcomes from both drilling programs are expected to be shared with shareholders in the coming weeks, indicating potential near-term catalysts for the stock.
Commenting on the development, Managing Director Hanuma Prasad Modali said, “The Government of India has rightly prioritized critical minerals as a strategic imperative for achieving Atmanirbhar Bharat and leading the global energy transition. Commencing drilling activities at two highly prospective mineral projects is a tangible step in that direction and we look forward to sharing the results with our shareholders. We are committed to developing resources responsibly, creating value for our ~50,000 shareholders, contributing to local communities, and supporting India’s journey towards self-reliance in critical mineral supply chains.”
The move aligns with India’s broader push to secure critical mineral resources amid rising global demand driven by electrification, renewable energy, and battery storage technologies.
As of the last market update on March 27, 2026, the share price for Deccan Gold Mines Ltd. (DECNGOLD) was ₹88.70.
