Deccan Gold Mines Ltd.

Our Projects

Deccan Gold Mines is pioneering gold exploration and mining projects across
India and overseas, with a growing portfolio of gold and critical mineral assets.

Global Presence

Explore our operations around the world:

Legend

Project Highlights

Deccan Gold is pioneering gold exploration and mining projects

Deccan Gold is India’s first and only gold exploration company listed on the Bombay Stock Exchange (BSE: 512068). Established in 2003 by promoters with deep roots in the exploration and mining sector, Deccan Gold has been at the forefront of pioneering gold exploration in the country.
Jonnagiri Gold Project (Andhra Pradesh, India)
India’s first private-sector gold mine since Independence. Full-scale commercial production commenced in 2024.

IN

Status: In Production
Altyn Tor Gold Project (Kyrgyzstan)
Achieved production in late 2024. A key international asset in DGML’s growing global portfolio.

KG

Status: In Production
Syrjala–Kalevala Gold Project (Finland)
DGML holds a 32% stake in this high-potential project, with an option to increase its shareholding to 51%.

FI

Exploration / Development
DGTPL Prospecting Licenses (Tanzania)
Located in the vicinity of large operating gold mines, these licenses hold significant potential for discovery.

TZ

Status: Exploration
BHALUKONA-JAMNIDIH Ni, Cr AND ASSOCIATED PGE BLOCK, CHHATTISGARH, INDIA
Bhalukona – Jamnidih Block (BJB) is situated in the state of Chhattisgarh.

IN

Status: Exploration
Deccan Gold Mozambique Licenses
Shareholders will recall that in May 2024, the Company, through our wholly owned subsidiary in Dubai, UAE viz

MZ

Status: Exploration

Earlier Projects

Within the states of Karnataka, Andhra Pradesh and Kerala, DGML has explored several regions spanning 6,574 sq. kms.
Dharwar-Shimoga Belt Project
In the late Archaean Dharwar-Shimoga belt, gold mineralisation is hosted by sulphidic banded ferruginous cherts. DGML explored the entire area spanning 5,329 sq km under 3 RP blocks, and identifying 22 prospects within those blocks. A total of 7 PL (Prospective Licences) and 2 ML (Mining Lease) applications were submitted covering these prospects. Soon after these PL and ML are granted, DGML will commence intensive exploration, which includes resource drilling and pre-feasibility studies in the Ganajur Main, Mangalagatti SE and Bhavihal prospects.
Hutti-Maski Belt Project
The Hutti-Maski Greenstone belt is one of the most important Archaean gold bearing belts in India. Gold mining activity in this region has been known since before the time of Emperor Ashoka, i.e. about 3000 years ago. While modern gold mining in the Hutti area commenced around 1947, the Auriferous tracts of Hutti greenstone belt are remarkably similar to the classic Archaean Superior Craton in Canada, the Yilgarn Craton in Western Australia and the Kolar greenstone belt in India. The Hutti-Maski belt boasts of world class Hutti Gold deposit that is being presently mined by The Hutti Gold Mines Limited. DGML carried out exploration over an area of 851 sq km in the Hutti Belt under its two Reconnaissance Exploration Permits (RPs). It comprised structural and geological mapping, geochemical sampling, geophysical surveys, Reverse Circulation (RC), Rotary Air Blast (RAB) and Diamond Core Drilling.
Mangalur Belt Project

The Mangalur greenstone belt is 25km long and 4 to 5km wide, located 40 km north of the currently producing Hutti gold mines. It is composed of metamorphosed basalt, gabbro, ultramafics, felsic volcanic rocks and coarse clastic sedimentary units like at Hutti, Kolar and Sonakhan belts. The rock formations are invaded all round by granites. Hence, the geology is ideal for the search of gold deposits.

Samples from DGML’s Mangalur gold mine dumps at Mukangavi analysed 6.1 and 18.9 g/t gold. Earlier investigations by the GSI and development work done by HGML have revealed a gold resource of 22,645 ounces between fourth and 10th level (up to 300m depth) in this currently inactive mine. Average grade of the ore is reported to be 7.8g/t which is attractive for an underground mine.

Ramagiri Belt Project
The Ramagiri RP block comprises the well known 13 km long Ramagiri Gold Field (RGF) that was a scene of intensive underground mining activity by the Britishers in the early part of the last century. The 13 km tract had mines over several rich shoots. Three main mining ventures in this tract produced about 176,338 ounces of gold at a recovered grade of around 15 g/t from high-grade veins in the years 1910 to 1927. Until April 2001, the Government of India owned Bharat Gold Mines Ltd. (BGML) was operating the underground Yeppamana Mine in the RGF. The GSI, following a drilling programme, has reported gold resources of all categories from the RGF that includes 590,000 t of ore @ 3.7 g/t gold and an inferred resource of 3.96 million tonnes of ore of an average grade varying from 1.32 g/t to 5.6 g/t.
Future Prospects
As on date, a total of 15 Prospecting License applications (PL) and 3 Mining Lease applications (ML) have been submitted by us and our subsidiary, which are pending for approval with relevant Government authorities.
Ganajur Main Gold deposit Project
A highlight of the exploration undertaken has been the discovery of Ganajur Main Gold deposit Project that is located in Haveri district of Karnataka state. DGML has applied for a Mining Lease on Ganajur Main Gold deposit. The issue of a Letter of Intent (LoI) to grant a Mining lease is awaited to undertake detailed feasibility studies which will be followed by commencement of mining and commercial production of gold upon execution of the ML.
Ganajur SE Prospect
New Resources have also been estimated in Ganajur SE Prospect, which is considered as the continuum of Ganajur Main Prospect. Geophysical IP survey has been very successful in tracing new zones of possible gold mineralization.
Karajgi Main Prospect
Karajgi Main Prospect has shown significant potential in terms of gold mineralisation and is likely to add new resources in the PL Block. In addition to Ganajur Gold deposit, DGML has made significant discoveries in Mangalagatti and Bhavihal prospects located within the Dharwar -Shimoga greenstone belt as well as in Hirenagnur of Hutti- Maski greenstone belt where drilled resources have been identified.