Deccan Gold Mines Ltd — Important, 25-08-2025: Company Update

Deccan Gold updated on its Altyn Tor Gold Project in Kyrgyzstan, showing significant progress towards production. The process plant upgrade is advancing, with ball mill installation nearing completion. Commercial production from the gravity circuit is targeted for mid-to-late October. Electrical infrastructure and tailings dam excavation are also underway. Drilling identified visible gold and suggests the orebody is larger than previously thought, implying potential for increased future reserves beyond the current 180 koz estimate. The company is implementing cold weather contingency measures, aiming for Dore bar production by October and reliable power by November. This update signals tangible steps towards operational readiness and resource expansion.