Deccan Gold Mines Ltd — Important, 23-12-2025: Company Update

Deccan Gold Mines plans to invest in the Logrosan Tungsten Project in Spain, aiming for up to 75% ownership before production. This early-stage project has shown encouraging tungsten mineralization, including 3m @ 0.42% WO₃ and 8m @ 0.32% WO₃, plus isolated high-grade gold. Spain is a favorable mining destination with rich critical minerals and supportive policies. Tungsten is a critical resource for defense and advanced manufacturing, with global supply constrained. This move expands Deccan Gold's strategic mineral footprint, leveraging its exploration expertise to reduce supply-chain vulnerabilities for India.