Logrosán & María Critical Minerals Project, Spain
Location
Extremadura, Spain
Commodity
Tungsten, gold, tin, REE
01
Project Overview
In June 2026, Deccan Gold Mines Limited (BSE: 512068) signed a definitive Earn-In, Option and Shareholders’ Agreement to acquire an initial 51% interest in Logrosán Minera S.L. (“LMSL”), a Spanish company holding two adjoining critical minerals licences in western Spain: the 37 sq. km Logrosán tungsten project and the 40 sq. km María gold-antimony project. The transaction, marks Deccan Gold’s first entry into the European critical minerals sector and follows a strategic investment announced in December 2025.
Located within a highly mineralised belt of Extremadura, the combined Logrosán and María licence areas represent a district-scale opportunity, with prospectivity for tungsten, gold, tin, rare earth elements, niobium and tantalum — several of which are classified as critical or strategic minerals by both the European Union and India.
03
Why Spain, Why Tungsten
Tungsten is classified as a critical mineral by major economies, given its essential role in defence, aerospace, cutting tools, electronics and high-temperature alloys. More than 80% of global tungsten supply currently originates from China, a concentration that is driving demand for diversified, non-Chinese sources of supply.
Spain has emerged as a preferred European destination for critical minerals investment, offering a stable regulatory environment, competitive operating costs, established infrastructure, proximity to industrial end-markets, and no production-based mining royalty. For Deccan Gold, Logrosán and María provide a foothold in this strategically important jurisdiction.