Deccan Gold Mines Ltd Share Price – BSE

Mining & Mineral products, Small Cap

Deccan Gold Mines announced that, following the successful closure of its Rs 314.70 crore rights issue on 26 December 2025, the company has fully repaid all outstanding loans along with accrued interest to its lenders.

Details of loan repayment:

• Rs. 75 crore - Ardent Steels
• Rs. 120 crore - Godawari Power & Ispat
• Rs. 8 crore - Hira Ferro Alloys
• Interest amounts due till 02 January 2026, as confirmed by the lenders, have also been settled.

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Deccan Gold Mines said it proposes to acquire up to a 75% stake in the Logrosan tungsten project before the start of production. The project is at an early exploration stage. The company said it could convert existing mineralisation into Mineral Resources within one to two years.

The Logrosan project is located in a mineralised region of Spain known for tungsten, tin, rare earth elements and gold. Early drilling has shown encouraging tungsten intersections, including 3 metres at 0.42% WO₃ and 8 metres at 0.32% WO₃. Isolated high-grade gold results have also been reported.

The company said Spain offers a favourable mining environment. It cited supportive permitting, competitive operating costs, proximity to European markets and the absence of production-based royalties.

Tungsten is a critical mineral used in defence, aerospace, industrial tools and electronics. Global supply remains constrained. China accounts for over 80% of worldwide production.

Managing director Dr Hanuma Prasad Modali said the project supports the company?s strategy to expand into critical minerals. He added that Deccan Gold?s experience in gold exploration can be applied to tungsten projects.

The company also sees potential in associated gold and rare earth element targets in the region. It includes the nearby Maria Gold Project.

Deccan Gold said it will update shareholders as the evaluation of the project progresses.

Deccan Gold is the first and only gold and critical minerals resource company listed on the stock exchange.

On a standalone basis, Deccan Gold Mines reported net loss of Rs 2.52 crore in Q2 September 2025 as against net loss of Rs 15.03 crore in Q2 September 2024. Net sales were reported at Rs 2.14 crore in Q2 September 2025. No sales were reported in Q2 September 2024.

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Deccan Gold Mines proposes to invest in a tungsten project located in Spain in which we can take up to 75% prior to production. Logrosan is at an early-stage exploration project but has opportunity to convert discovered mineralisation to Mineral Resources within 1 to 2 years.

The Logrosan project lies within a highly mineralised region of Spain known for tungsten, tin, rare earth elements, and gold occurrences.

Early exploration and limited drilling results have shown encouraging tungsten mineralisation, including intersections such as 3m @ 0.42% WO₃ and 8m @ 0.32% WO₃, and isolated high-grade gold results such as 1m @ 96.2 g/t gold.

Spain has long been recognised as a favourable mining destination due to -  ? Rich mineral endowment in critical minerals. ? Supportive permitting and ownership structure. ? Competitive operating costs. ? Proximity to European industrial markets. ? Absence of production-based royalties.

Tungsten is a globally recognised critical mineral due to its strategic use in defence, aerospace, high temperature alloys, industrial cutting tools, and electronics. Global supply continues to be constrained, with China accounting for over 80% of worldwide production, increasing the relevance of non-China sources.

Deccan Gold's technical experience in gold exploration, drilling and resource evaluation is directly transferable to tungsten deposits, given similarities in geological mineralisation models.

The Company also notes potential upside in associated gold and REE targets, and ongoing regional exploration including the nearby Maria Gold Project.

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Deccan Gold Mines has fixed 09 December 2025 as record date for rights issue.

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