Deccan Gold Mines announced that 3 of the Prospecting Licences (PLs) have been granted by the miningauthorities in Tanzania in favour of the company's subsidiary viz., Deccan Gold (Tanzania) (DGTanzania). DG Tanzania has received official intimation from the Commissioner of Minerals andMines, Ministry of Minerals and Mining Commission, Tanzania in this regard on 08 February 2021.

The remaining two PL applications which were already recommended are expected to be granted inthe coming few days.

It may be noted that DG Tanzania submitted 5 PL applications as per Section 123 of the TanzanianMining Act 2010 on October 9, 2020 out of 8 PL areas identified. The PL applications were filed atthe Mines Office, Commissioner of Minerals and Mines, Dodoma, which is coming under the purviewof Ministry of Minerals and Mining.

All of the areas covered under the above 5 PLs are located within the world class Neo Archean Lake Victoria Gold Fields and associated Greenstone belts which are known historically for gold mining activities.

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Net Loss of Deccan Gold Mines reported to Rs 0.57 crore in the quarter ended December 2020 as against net loss of Rs 0.63 crore during the previous quarter ended December 2019. There were no Sales reported in the quarter ended December 2020 and during the previous quarter ended December 2019.

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Deccan Gold Mines announced that the Annual General Meeting (AGM) of the company will be held on 22 December 2020.

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Net Loss of Deccan Gold Mines reported to Rs 1.28 crore in the quarter ended September 2020 as against net loss of Rs 0.70 crore during the previous quarter ended September 2019. There were no Sales reported in the quarter ended September 2020 and during the previous quarter ended September 2019.

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