Deccan Gold Mines Ltd — Important, 31-05-2026: Company Update

Deccan Gold Mines has identified a significant 100+ meter wide corridor of nickel, copper, and palladium mineralization at its Bhalukona project in Chhattisgarh. Recent drill results, including 0.7m at 1.29% Nickel Equivalent, confirm economic levels of these critical minerals extending over 430m in strike and to depths of 200m. The ongoing drilling program indicates this mineralized corridor likely continues further. This discovery strengthens confidence in Bhalukona's potential as a key critical minerals asset, with plans to accelerate exploration and define a mineable resource.