Update on successful export of First Lithium Ore Cargo to China by our step-down subsidiary in Mozambique and exploration updates by the step-down subsidiary

We are pleased to announce a significant milestone achieved by Deccan Gold Mines Limited (“DGML”) through its step-down subsidiary viz., Deccan Gold Mozambique LDA (“DGMoZ”).

Details are as under:

Successful export of First Lithium Ore Cargo to China: (a) DGMoZ has informed us of its first successful export of Lithium Ore (with a grade of 2.5% Li2O) to China. The total quantity exported was 150 tons sourced from one of its licensed areas in Mozambique.

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