Deccan Gold Mines Ltd — Updates, 09-05-2025: Company Update

Deccan Gold Mines has announced a board meeting to discuss the incorporation of Deccan Mineracao Mozambique, LDA, a newly established step-down subsidiary in which its Dubai-based wholly owned subsidiary holds a 90% stake. The company will engage in exploration, mining, processing, and commercialization of precious and semi-precious minerals, along with related activities including logistics, fuel distribution, and port management. This expansion into Mozambique supports Deccan Gold’s strategy to broaden its natural resources footprint and adds potential growth avenues in mineral and energy sectors. The acquisition involved a cash infusion reflecting the initial share capital of 10 million Meticais.