Deccan Gold Mines Limited · NSE:DECNGOLD
Deccan Gold Mines — Investor Presentation (May 2026)
37 slides from Deccan Gold Mines's investor presentation, May 19, 2026
Slide 1: BSE filing cover letter for Investor Presentation
May 19, 2026 To, BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Scrip Code: 512068 Dear Sir, Sub.: Investor Relations Call scheduled on May 19, 2026 - Investor Presentation In continuation of our earlier Update made on May 12, 2026, we are plea
Slide 2: Investor Relations Call
Investor Relations Call 19 May 2026
Slide 3: Forward Looking Statement (Disclaimer)
Forward Looking Statement (Disclaimer) This Presentation has been prepared by Deccan Gold Mines Limited (“DGML”) for information purposes only. The Presentation does not purport to be all inclusive or to necessarily contain all the information that a prospective investor may desire in investigating
Slide 4: Company Overview
Company Overview
Slide 5: Our Vision
Our Vision To be India’s leading gold and critical minerals producer… ...transforming natural resources into shared prosperity.
Slide 6: Commitment to Sustainability & Preservation
Commitment to Sustainability & Preservation Employee and Community Safety We act in the interest of the whole. We consider the broader team, company, and community when making decisions, keeping the bigger picture in perspective. We approach people with empathy, listen actively, and treat everyone,
Slide 7: A Pioneering Company
A Pioneering Company First and only Indian exploration and mining company to: o List on the Bombay Stock Exchange (BSE) and traded on NSE o Develop a private gold mine in India– the 1st since Independence. o Develop a gold mine in Kyrgyzstan. o Discover a new gold deposit at Ganajur, Karnataka. o Di
Slide 8: Company Structure
Company Structure 100% DGFZCO Stake % 26% 60% 100% Up to 51% 85% 90% GMSI Avelum DGTPL Kalevala Gold DGMOZ DMMOZ Partners LLC Oy 100% Up to 95% Gold Kuikka Gold Lithium & Logrosan Altyn Tor Gold Copper Bhalukona Ni- Jonnagiri Gold exploration Project (+ 2 tantalum Tungsten Mine exploration Cr-PGE Li
Slide 9: Highlights – Q4 of FY 2025-26
HIGHLIGHTS – Q4 OF FY 2025-26 ➢ Raised INR 315 cr and cleared all outstanding debts ➢ Jonnagiri Gold Project of our associate company gets into revenue & profitability ➢ Commissioning of gravity circuit and production of gold concentrates in Kyrgyzstan ➢ Discovered Nickel, Copper and PGE mineralizat
Slide 10: Projects Update
Projects Update
Slide 11: Projects Contents Page
Projects Contents Page ➢ Projects Summary ➢ Jonnagiri Gold Project, Andhra Pradesh ➢ Altyn Tor Gold Project, Kyrgyzstan ➢ Bhalukona Ni-Cr-PGE Project, Chhattisgarh ➢ Kalevala Gold Oy, Finland ➢ Mozambique – LCT Pegmatite exploration ➢ Mozambique – Cu-Au exploration ➢ Logrosan Tungsten Project, Spain
Slide 12: Projects Summary
Projects Summary Resources Expected Production AISC Capex Required Project Name % Stake Metal Potential (Mt / kg Au) (Year/ kg Au) ($/tonne) (for 1st Production) >8,000 kg Au, Altyn Tor 60% Au 4.65 / 5,600 2027 / 200 1,045 ~800 kg/year >20,000 kg Au Jonnagiri 27% Au 8.2 / 12,000 2027 / 600 1,021 ~1t
Slide 13: Jonnagiri Gold Mine, Andhra Pradesh
Jonnagiri Gold Mine, Andhra Pradesh • India's first new private gold mine since independence. • Open-pit mining operation and simple metallurgy of the gold ore make this project highly profitable. • Gold mineralization is distributed across 4 blocks, East, West, South and North Blocks • Total JORC M
Slide 14: Jonnagiri Gold Mine – In Production and expanding
Jonnagiri Gold Mine – In Production and expanding ➢ Mine and plant are operating in-line with 2017 Feasibility expectations. ➢ One of few gold mining operations with on-site refinery. ➢ Updates to Resource models will likely increase JORC Resources to >500 koz with significant potential growth in un
Slide 15: Set to deliver in Kyrgyzstan
Set to deliver in Kyrgyzstan Overview Type Open Pit (& Underground) Stake 60% 2023 2024 2025 2026 Project Life +6 years. Process Plant Commence Ramping to Mine Acquired ment of Expansion full-scale Production production Total Ore +4M tonnes Mineral Reserve Grade >1.2 g/t Au Expected Gold Prod. +3.0
Slide 16: Altyn Tor Status
Altyn Tor Status. ➢ The gravity circuit is fully commissioned. ➢ The Merril Crowe circuit is expected to be commissioned in June which will allow production of Dore Bar from the gravity concentrate. ➢ Leach circuit and tailings dam facility works in full swing : ➢ ~130 Indian expats are now working
Slide 17: Bhalukona, Ni-Cu-PGE, Chhattisgarh
Bhalukona, Ni-Cu-PGE, Chhattisgarh ➢ It is a privilege for Deccan Gold to be one of the very first companies to be granted a nickel licence in India. ➢ Bhalukona Licence shows excellent potential to host critical mineral deposits. ➢ The 30 sq. km Bhalukona Nickel Block (executed on 1 April 2025) is
Slide 18: Bhalukona, Ni-Cu-PGE - Status
Bhalukona, Ni-Cu-PGE - Status ➢ Completed 1200m of diamond core drilling, comprising 7 drill holes extending the known mineralized zone to about 1.3km. ➢ First drill hole intersected 3 mineralized layers of gabbro, with a combined width of over 60m. ➢ In total, the drill hole intersected about 30m o
Slide 19: Bhalukona, BJD-01 Results
Bhalukona, BJD-01 Results 18
Slide 20: Kalevala Gold Oy, Finland
Kalevala Gold Oy, Finland ➢ Kalevala Gold Oy is Deccan Gold’s first venture in a country that has wide recognition as a Tier 1 mining jurisdiction. ➢ Kalevala holds tenure across 3 gold exploration projects in Eastern Finland. ➢ The Syrjälä Project is the most ➢ Pahkalampi Prospect is about 25km NE
Slide 21: Kalevala Gold Oy, Finland
Kalevala Gold Oy, Finland ➢ Objective is to increase holding to majority 51% during 2026/7 – requires investment of about US$1-2M. ➢ Investment will focus: ➢ Primarily on defining ~4t Au in resources at Kuikka Gold Deposit in Eastern Finland. Aiming to commence 1000m drilling programme in July 2026
Slide 22: Mozambique – Overview
Mozambique – Overview Deccan Gold through its stepdown subsidiaries Deccan Gold Mozambique Ltda (DGMOZ) and Deccan Mineracao Mozambique Ltda (DMMOZ) became the first BSE listed company to operate in Mozambique for critical mineral supply. DGMOZ DMMOZ DGMOZ focusses on exploration for LCT-type DMMOZ
Slide 23: Mozambique – LCT Exploration
Mozambique – LCT Exploration ➢ Geological mapping and soil sampling have identified 4-5 pegmatite zones in one location and a swarm of about 8 pegmatites on another licence area. ➢ All have anomalous Li, Ta, ±Cs, and ±Rb. Interpreted Pegmatite bodies. ➢ Next step is to commence drilling programme in
Slide 24: Mozambique – Copper-Gold Exploration
Mozambique – Copper-Gold Exploration ➢ Reconnaissance work (mapping and rock chip sampling) in the Tete region has produced promising results. ➢ Rock chip samples returned up to 10g/t Au and 3.85% Cu. ➢ Next steps are more detailed mapping and drill planning. ➢ Plan to drill in Q3, 2026 subject to f
Slide 25: Logrosan Tungsten Project, Spain
Logrosan Tungsten Project, Spain Regional Setting ➢ The Project area lies within a region known for its tungsten, tin, phosphorus REE, tantalum, niobium, and gold deposit. ➢ Research by Spanish universities - emplacement, and intrusion of ore bodies is well-understood, however, has lacked focus from
Slide 26: Logrosan Tungsten Project, Spain - Status
Logrosan Tungsten Project, Spain - Status ➢ Objective is to earn 51% stake by spending Euro 1.76 M in 2026/7. ➢ Investment planned through either Deccan Gold or DGFZCO, our Dubai subsidiary ➢ A drilling programme has started to test strike and depth extents of mineralisation identified in previous d
Slide 27: Other Projects
Other Projects Ganajur Gold Project, Karnataka ➢ Our Ganajur Writ Petition before the High Court of Karnataka is pending the decision of the Supreme Court in Indocil case. ➢ Judgment in favour of Indocil (facts similar to our Ganajur case) passed by the High Court of Karnataka is under appeal by the
Slide 28: Finances
Finances
Slide 29: Financial Overview
Financial Overview ➢ Rights issue raised 314.7Cr. ➢Fund dispersed include: ➢Debt payments - 219Cr ➢Loan to Avelum Partners for development of Altyn Tor – 32Cr ➢Participation in GMSI Rights Issue – 55Cr ➢Balance on other projects and corporate expenses. ➢ Deccan requires additional funding of up to 1
Slide 30: Future Funding
Future Funding ➢ Deccan is in discussions with multiple potential lenders (including key shareholders / promoter group entities) to secure debt funding and /or equity funding. ➢ The proceeds from the above funding will be used to commission Kyrgyzstan Project. ➢ A larger fund raising will be planned
Slide 31: The Future
The Future
Slide 32: By 2030 Goals
By 2030 Commence high-grade underground mining in Finland. Prove additional resources at other project areas in Finland. Achieve mid-tier gold producer status Develop India’s first Ni-Cu-PGE mine at Bhalukona. and begin supplying critical minerals. Increase Jonnagiri gold production to ~1tpa Commenc
Slide 33: Our Team
Our Team
Slide 34: Executive Team
Executive Team H S K Dr. M. Hanuma Prasad Mr. Subramaniam Sundaram Mr. Krishnamurthy Karunakaran Executive Director & Managing Director Chief Financial Officer Company Secretary With over 27 years of experience in the exploration and mining Subramaniam has 27 years of experience in the field of Karu
Slide 35: Senior Management
Senior Management J A K Ms. Jade Devenish Mr. Andrew Weeks Mr. Krishna Kumar President, Exploration Head Business Director DGFZCO & Mining Mozambique Jade was been a Director of Geomysore Services India Andrew is a geologist with nearly 40 years of experience in the Krishna brings a wealth of strate
Slide 36: Senior Management
Senior Management N T M Mr. Naushad Ahmed Mr. Timur Eraliev Dr. Maston Rao Head, Business General Director, General Manager, Kyrgyzstan Avelum DGFZCO Naushad is an experienced businessman and Timur, a lawyer, joined Deccan Gold subsidiary company Rao is the head of our consulting group out of Dubai.
Slide 37: Thank You
Thank You