Deccan Gold Mines Makes First-Ever Nickel-Copper-Platinum Group Sulphide Discovery in India

Deccan Gold Mines Limited (DGML), India’s first and only listed gold and critical minerals resource company, is pleased to announce the first-ever discovery in India of Nickel-Copper-Platinum Group Element (Ni-Cu-PGE) sulphide mineralization in the Bhalukona-Jamnidih block of Chhattisgarh.

Geochemical surveys and follow-up geophysical surveys have identified a potential Ni-Cu-PGE sulphide mineralized zone. DGML plans to commence test drilling shortly to further assess and validate the scale and grade of the mineralization.

This landmark discovery follows DGML securing a 30 sq. km Composite Licence for the Bhalukona-Jamnidih block in Basana Tehsil, Mahasamund District on April 1, 2025. The company initiated exploration activities immediately upon receiving all approvals, carrying out geological mapping, rock chip sampling, drone magnetic surveys, and an induced polarisation (IP) survey.

Preliminary results reveal a 700-metre-long mineralized zone hosted in prospective mafic-ultramafic rock formations, with geophysical data indicating sulphide mineralization extending to depths of around 300 metres. Nickel, copper, and platinum group elements are critical minerals that play a pivotal role in electric vehicle batteries, renewable energy systems, advanced electronics, and strategic industries. This discovery significantly strengthens India’s ability to build self-reliance in critical minerals and supports the Government of India’s vision for Atmanirbhar Bharat.

Commenting on this new development, Dr. Hanuma Prasad Modali, Managing Director, DGML, said: “This is a proud moment for India and for Deccan Gold Mines. For the first time in our country’s history, such a Nickel-Copper-Platinum Group sulphide mineralization has been identified. This find, places India firmly on the global critical minerals map at a time when these resources are vital for clean energy technologies, advanced manufacturing, and national security.”

“The Government of India has rightly prioritized critical minerals as a strategic imperative for achieving Atmanirbhar Bharat and leading the global energy transition. Our discovery in Chhattisgarh is a tangible step in that direction. We are committed to developing this resource responsibly, creating value for our ~40,000 shareholders, contributing to local communities, and supporting India’s journey towards self-reliance in critical mineral supply chains.” adds Dr. Hanuma.

DGML’s vision is to become India’s leading gold and critical minerals producer, operating with the highest standards of ethical, sustainable, and socially responsible mining. The company’s strategic focus extends beyond gold into critical minerals essential for the clean energy transition and future industrial growth.

Further updates will be provided as the drilling programme progresses and results are analysed.

Shares of DECCAN GOLD MINES LTD. was last trading in BSE at Rs. 139.90 as compared to the previous close of Rs. 138.60. The total number of shares traded during the day was 311618 in over 3603 trades.

The stock hit an intraday high of Rs. 142.50 and intraday low of 139.00. The net turnover during the day was Rs. 43896065.00.

Source : Equity Bulls

Keywords

DECCANGOLDMINES
INE945F01025
Mining
Nickel
Copper
Platinum
GroupSulphide
India

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