Deccan Gold Mines Limited · NSE:DECNGOLD
Deccan Gold Mines — Investor Presentation (November 2025)
43 slides from Deccan Gold Mines's investor presentation, Nov 20, 2025
Slide 1: Letter to BSE Limited
November 20, 2025 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 November 20, 2025 - Investor Presentation In continuation of our earlier Update made on November 17, 20
Slide 2: Investor Relations Presentation
Investor Relations Presentation 20 November 2025
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: Recent Highlights
Recent Highlights
Slide 5: Recent Highlights
Recent Highlights Successful pre-commissioning trials at Jonnagiri. On the way to full-scale production. Final preparation for trial production is underway at Altyn Tor, Kyrgyzstan. Ni-Cu-PGE mineralization discovered at Bhalukona. Strong evidence of Cu-Au mineralization identified in Mozambique. En
Slide 6: Rights Issue - Summary
Rights Issue - Summary Largest capital raise in the Company history. Issue size is not exceeding ₹315Cr Next steps: Objectives BSE in principle approval. Repayment of debt Board to fix terms and conditions of the issue (price, ratio, record date). Filing of final Letter of Offer with BSE and SEBI. F
Slide 7: Company Overview
Company Overview
Slide 8: Corporate Snapshot
Corporate Snapshot o Founded in 2003 by Australian Mining Shareholders. o Only BSE-listed gold and critical minerals exploration and mining company. o Market Cap ~ 2000 Cr (USD233m). o Global footprint: India, Kyrgyzstan, Mozambique, Finland, Tanzania. o End-to-end mining capability: exploration → d
Slide 9: Our Vision
Our Vision To be India’s leading gold and critical minerals producer… ...transforming natural resources into shared prosperity.
Slide 10: Key Principles
Key Principles …building a model of …demonstrating how …acting as custodians of …promoting collaboration responsible and ethical resource natural wealth, among communities, transparent mining in Servicecan uplift development integrating mining, Service governments, and research India and globally. c
Slide 11: A Pioneering Company
A Pioneering Company First Indian exploration and mining company to: o List on the Bombay Stock Exchange (BSE). o Develop a private gold mine in Andra Pradesh – the 1st since Independence. o Develop a gold mine in Kyrgyzstan. o Discover a new gold deposit at Ganajur, Karnataka. o Develop projects in
Slide 12: 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 13: Company Structure
Company Structure 100% DGFZCO Stake % 27% 60% 100% 32% 85% 90% 100% GMSI Avelum DGTPL Kalevala Gold DGMOZ DMMOZ Novadhatu Partners LLC Oy Minerals Gold Kuikka Gold Lithium & Altyn Tor Gold Copper Bhalukona Ni- Jonnagiri Gold exploration Project (+ 2 tantalum Mine exploration Cr-PGE License Project l
Slide 14: Timeline
Timeline Discovery of Ganajur Gold Ganajur feasibility study Company founded and Deposit. 1st new discovery completed. begins trading on BSE Jonnagiri feasibility in India since ancient times. study completed. 2003 2004 2005 2016 2017 Acquires ~45% stake New Management Team in GMSI through share a
Slide 15: Strategy Justification
Strategy Justification
Slide 16: Gold is strategic
Gold is strategic …and emotional to India Gold holds a unique dual significance in India both emotional and strategic. Culturally, it is deeply woven into the nation’s social and spiritual fabric. Gold has “long held a sacred and economic significance in India,” symbolizing wealth, stability, and pr
Slide 17: Gold Price Forecasts
Gold Price Forecasts Bank of America (Merrill ➢Broader-based commentary ➢HSBC raised its 2025 J.P. Morgan Research sees ➢Deutsche Bank raised its Lynch) announced their suggests many analysts average forecast to ~US gold averaging about US 2026 forecast to an view that gold could hit expect gold to
Slide 18: Critical Minerals
Critical Minerals A critical mineral is a natural resource that is vital for a country’s economic development, industrial growth, and national security, but whose supply is limited or concentrated in a few countries, making it vulnerable to geopolitical risks or trade disruptions. Key Characteristic
Slide 19: Critical Minerals
Critical Minerals Category Examples Key Uses Battery & Energy Lithium, Cobalt, Nickel, EV batteries, renewable Transition Graphite energy storage Titanium, Tungsten, Missiles, aircraft, armor Defense & Aerospace Beryllium plating Rare Earth Elements Electronics & Chips, magnets, (REEs), Gallium, Sem
Slide 20: India's Critical Mineral Demand (in kt)
India’s Critical Mineral Demand (in kt) Mineral 2020 2025 2030 Lithium 1 18 85 Cobalt 1 23 125 Graphite 175 1,214 3,272 Nickel 62 531 1,353 Titanium bearing minerals 180 1,487 3,472 REE (Neodymium and 1 6 19 praseodymium) REE (Dysprosium) 0 752 2,201 REE (Terbium) 1 181 549 Vanadium 3 30 79 Copper 8
Slide 21: India's Critical Mineral Needs
India’s Critical Mineral Needs Domestic production and minor refining in these commodities, but significant import dependence
Slide 22: Upstream Supply Chain Risks for India
Upstream Supply Chain Risks for India
Slide 23: Downstream Supply Chain Risks for India
Downstream Supply Chain Risks for India Midstream and the Downstream parts of the critical minerals supply chain are entirely controlled by China and the Developed Economies. Source: National Bureau of Asian Research (NBR) Special Report 102 (2022)
Slide 24: Projects Overview
Projects Overview
Slide 25: 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 / 350 1,045 ~800 kg/year >20,000 kg Au Jonnagiri 27% Au 8.2 / 12,000 2027 / 500 1,021 ~1t
Slide 26: Set to deliver in Republic of Kyrgyzstan
Set to deliver in Republic of Kyrgyzstan 60% investment into Avelum Partners, developer and operator of the Altyn Tor Gold Project, marks the first investment by an Indian mining and exploration company in Kyrgyz Republic o Located in the highly mineralized Soltan Sary gold mineralization zone (Tien
Slide 27: Set to deliver in Republic of Kyrgyzstan
Set to deliver in Republic of Kyrgyzstan ➢ Mineral Resources at the Project are estimated at a 0.5 g/t Au cut-off grade of 4.65 Mt grading 1.21 g/t Au for 5.6 tonnes. Included in the resources is 1.4 Mt (1.6 tonnes Au) of tailings and low-grade stockpile material which will be processed while furthe
Slide 28: Altyn Tor – Key Information
Altyn Tor – Key Information Overview Type Open Pit (& Underground) Stake 60% Project Life +6 years. Total Ore +4M tonnes Mineral Reserve Grade >1.2 g/t Au Expected Gold Prod. +3.0 tonnes 2023 2024 2025 2026 $1,045 per oz Process Plant Commence Ramping to Forecast Lifetime AISC Mine Acquired ment of
Slide 29: Jonnagiri Gold Mine – on cusp of full-scale production
Jonnagiri Gold Mine – on cusp of full-scale production $1,021 per oz Forecast Lifetime AISC The Jonnagiri project is 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. The project has a total JO
Slide 30: 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 Kalevala has applied for an Exploration Licen
Slide 31: Kuikka Deposit, Finland
Kuikka Deposit, Finland The Kuikka Deposit is an orogenic gold deposit located on the highly prospective Suomussalmi greenstone belt. Mineralisation occurs in narrow biotite-chlorite altered shear zone over a 1 km strike length. The highest grades are found in 0.8-1.5m wide quartz veins with gold va
Slide 32: Mozambique - Lithium
Mozambique - Lithium Deccan Gold through its stepdown subsidiary Deccan Gold Mozambique Ltda (DGMOZ) became the first BSE listed company to operate in Mozambique for critical mineral supply. Positions the company within the Alto Ligonha Pegmatite Province. This Province hosts the bulk of the more pr
Slide 33: Mozambique - Copper
Mozambique - Copper The Tete Province remains largely unexplored for copper and other base metals despite its proximity and similar geological settings of the more well-known copper belts in neighboring Zambia and Zimbabwe. Regional geophysics and sampling by government and World Bank funded project
Slide 34: Bhakulona, Ni-Cr-PGE, Chhattisgarh
Bhakulona, Ni-Cr-PGE, Chhattisgrah It is a privilege for Deccan Gold to be one of the very first companies to be granted a nickel licence in India especially as the Bhalukona Licence shows excellent potential to host critical mineral deposits. The 30 sq. km Bhalukona Nickel Block (executed on 1 Apri
Slide 35: Production & Development Targets
Production & Development Targets
Slide 36: By 2030 targets
By 2030 Commence high-grade underground mining in Finland. Prove additional resources at other project areas in Finland. Achieve mid-tier gold producer status and begin supplying critical minerals. Commence Li-Ta(-REE) and Cu-Au production in Mozambique. Increase Jonnagiri gold production to ~1tpa a
Slide 37: Gold Production Targets
Gold Production Targets Gold Production Targets 2,500 2,000 1,500 Au kg 1,000 500 0 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 FY 2032 FY 2033 FY 2034 Altyn Tor Jonnagiri Finland New Projects
Slide 38: Our New Projects – Selection Criteria
Our New Projects – Selection Criteria Gold or critical mineral projects with clear cash flow visibility Detailed and verifiable data within next 2 years. available for the targeted asset/s Critical mineral exploration projects with resource potential Services Geological setting is conducive. within
Slide 39: Our Team
Our Team
Slide 40: 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 41: Senior Management
Senior Management J K A Ms. Jade Devenish Mr. Krishna Kumar Mr. Andrew Weeks President, Business President, Exploration Director DGFZCO Development & Mining Jade was been a Director of Geomysore Services India Krishna brings a wealth of strategic and operational Andrew is a geologist with nearly 40
Slide 42: Senior Management
Senior Management T N M Mr. Timur Eraliev Mr. Naushad Ahmed Dr. Maston Rao General Director, Vice President, General Manager, Avelum Business Development DGFZCO Timur, a lawyer, joined Deccan Gold subsidiary company Naushad is an experienced businessman and Rao is the head of our consulting group ou
Slide 43: Thank You
Thank You
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