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

Deccan Gold Mines announced encouraging drilling results at its Bhalukona Nickel-Copper-PGE Project in Chhattisgarh, significantly expanding a critical minerals discovery. New assays confirm a broad corridor of nickel, copper, and palladium mineralisation, extending over 430 metres strike length and to depths beyond 200 metres. The mineralised zone remains open, with potential for expansion across a 1.3-kilometre target. Key intersections include 15 metres grading 0.31% Nickel Equivalent and high-grade zones up to 1.29%. The company is accelerating exploration to define a mineable resource, aiming to develop India's first Nickel-Copper-PGE mine. This strengthens India's domestic critical minerals capacity.