Update on foray into critical minerals vertical in Mozambique through Deccan Gold Mozambique LDA (step-down subsidiary)

In continuation of our Update made on May 12, 2024, we would like to present the following Update on the captioned subject. 1. Deccan Gold Mines Ltd (DGML) is pleased to announce its foray into the critical minerals vertical through the acquisition of majority stake in multiple critical mineral concession blocks spanning a significant area in Mozambique through its wholly-owned subsidiary in Dubai.

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