Deccan Gold Mines to Begin Drilling for Critical Minerals in India and Abroad This Quarter
Deccan Gold Mines (DGM) is set to commence drilling for critical minerals, including nickel, copper, and platinum group elements in Chhattisgarh, India, as well as lithium and tantalum in Mozambique, this quarter. The company plans to establish small-scale processing facilities by mid-2027 and aims to produce over 0.5 tonnes of gold within the next 12-18 months. DGM's managing director has called for improved recognition of grassroots exploration in India's mining policies to facilitate clearer pathways to mining rights and fiscal incentives.
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Deccan Gold Mines (DGM) plans to start drilling at its critical mineral projects in India and internationally this quarter. The company is exploring nickel, copper, and platinum group elements in Chhattisgarh, India, and focusing on lithium, tantalum, and copper in Mozambique, along with a tungsten project in Spain.
DGM aims to establish small-scale processing facilities with future expansion provisions by mid-2027. The company targets producing over 0.5 tonnes of gold within the next 12-18 months. As of December 2025, the price of 24-karat gold reached ₹1.62 lakh per 10 grams. DGM's managing director emphasized the need for better recognition of grassroots exploration in India's mining policies, advocating for clearer pathways to mining rights and fiscal incentives to enhance project viability.
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