Deccan Gold Mines Limited · NSE:DECNGOLD
Deccan Gold Mines — Investor Presentation (January 2026)
43 slides from Deccan Gold Mines's investor presentation, Jan 20, 2026
Slide 1: BSE Regulation 30 intimation letter
January 20, 2026 To, Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Scrip Code: 512068 Dear Sir Sub: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation
Slide 2: Letter continuation and company secretary sign-off
This presentation is also being uploaded on the Company’s website ahttps://deccangoldmines.com/investor-relations/disclosure-under-reg-46/all-events- or-information-which-has-been-disclosed-on-the-stock-exchanges-under-regulation- 30-of-lodr/ We request the BSE to take the above intimation on record
Slide 3: Investor Information Presentation January 2026
Investor Information Presentation January 2026
Slide 4: 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 5: 2025 Highlights
2025 Highlights Successful pre-commissioning trials at Jonnagiri produced 40 kg of gold in doré bars. On the way to full-scale production. Pre-commissioning trials are underway at Altyn Tor, Kyrgyzstan. 20-30,000 tonnes of ore above 1.00g/t Au will be treated over the coming months. Gold recover
Slide 6: Company Overview
Company Bare Overview are ss
Slide 7: 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 ~ 2140 Cr. o Global footprint: India, Kyrgyzstan, Mozambique, Finland, Spain, Tanzania. o End-to-end mining capability: exploration → deve
Slide 8: Our Vision
Our Vision To be India’s leading gold and critical minerals producer… ...transforming natural resources into shared prosperity.
Slide 9: 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 development Servicecan uplift integrating mining, Service governments, and research India and globally. c
Slide 10: 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 11: 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 12: Company Structure
Company Structure 100% DGFZCO Stake % 27% 60% 100% Up to 75% 85% 90% GMSI Avelum DGTPL Kalevala Gold DGMOZ DMMOZ Partners LLC Oy 100% Up to 75% Gold Kuikka Gold Lithium & Logrosan Altyn Tor Gold Copper Bhalukona Ni- Jonnagiri Gold exploration Project (+ 2 tantalum Tungsten Mine exploration Cr-PGE Li
Slide 13: Timeline
Timeline Discovery of Ganajur Gold Ganajur feasibility study Company founded and Deposit. 1st new discovery in completed. begins trading on BSE Jonnagiri feasibility India since ancient times. study completed. ≈ 2003 2004 2005 2016 2017 Acquires ~45% stake in New Management Team GMSI through share s
Slide 14: Strategy Justification
Strategy Ply, ie Justification ere ne
Slide 15: Gold is strategic
Gold is strategic …and emotional to India Culturally: • Gold is deeply woven into the nation’s social and spiritual fabric. • Gold has “long held a sacred and economic significance in India,” • It symbolizes wealth, stability, and prosperity. • It is inseparable from Indian traditions — adorning tem
Slide 16: 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 17: 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 18: India's Critical Mineral Needs
India’s Critical Mineral Needs Domestic production and minor refining in these commodities, but significant import dependence
Slide 19: Projects Overview
Projects Overview
Slide 20: 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 2026 / 180 1,045 ~800 kg/year >20,000 kg Au Jonnagiri 27% Au 8.2 / 12,000 2026 / 310 1,021 ~1t
Slide 21: Altyn Tor – Key Information
Altyn Tor – Key Information 60% Ownership in Avelum Partners LLC 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
Slide 22: Set to deliver in Kyrgyzstan – CSR Activities
Set to deliver in Republic of Kyrgyzstan – CSR Activities 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 Excellent community relations o Supported local environment
Slide 23: 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 24: Kyrgyzstan – pre-commissioning trials in progress
Set to deliver in Republic of Kyrgyzstan – pre-commissioning trials in progress. o Mining targets achieved. o Resource definition programme – assay results are pending. Aiming to update Mineral Resources during Q1 2026 o Pre-commissioning trials in progress. o Sequential testing starting with crushi
Slide 25: Kyrgyzstan – pre-commissioning trials in progress
Set to deliver in Republic of Kyrgyzstan – pre-commissioning trials in progress. o Production FY-2026-27 short term - 350 kg/a or 11,000 oz. o Revenue - USD 50M (450 Cr)PAT (40%) - USD 20M (180 Cr) o Deccan Share (60 %)- USD 12M (108 cr) o Production can be expanded to ~800 Kgs (26,000Oz)
Slide 26: Jonnagiri Gold Mine – India's First New Gold Mine since Independence
Jonnagiri Gold Mine – India’s First New Gold Mine since Independence 27% Ownership in Geomysore Services (India) Pvt Ltd $1,021 per oz Forecast Lifetime AISC Open-pit mining operation and simple metallurgy of the gold ore make this project highly profitable. Gold mineralization is distributed across
Slide 27: Jonnagiri Gold Mine – ~60kg of Gold produced in trials
Jonnagiri Gold Mine – ~60kg of Gold produced in pre-production trials
Slide 28: Jonnagiri Gold Mine – Recent Exploration
Jonnagiri Gold Mine – Recent Exploration
Slide 29: Kalevala Gold Oy, Finland
Kalevala Gold Oy, Finland 32% Stake with rights to move to 75% 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
Slide 30: 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 31: Mozambique Projects
Mozambique Projects Lithium, Caesium, Tantalum Copper, Gold Deccan Gold through its 85% stake in stepdown subsidiary Deccan Gold Deccan Gold through its 95% stake in stepdown subsidiary Deccan Mozambique Ltda (DGMOZ) became the first BSE listed company to Mineracao Mozambique Ltda (DMMOZ) is focussi
Slide 32: Bhalukona, Ni-Cr-PGE, Chhattisgarh
Bhalukona, Ni-Cr-PGE, Chhattisgrah 100% Ownership 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 (exe
Slide 33: Logrosan WO3 project, Spain
Logrosan WO3 project, Spain Regional Setting Rights to earn up to 75% 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, h
Slide 34: Maria gold project, Spain
Maria gold project, Spain Location. Approximately 25km north of Logrosan. Located in the Extremadura autonomous region of Spain Exploration Strong coincident Au-Sb anomalies – each about 500m in length. Pan concentrates of stream samples return over 30 grains of Au in a 4 km2 area. Oppor
Slide 35: Ganajur gold project, India
Ganajur gold project, India • Our Ganajur Writ Petition before the Hon’ble High Court of Karnataka is pending the decision of the Hon’ble Supreme Court in re: Indocil case. • Detailed hearing is expected to take place in Indocil case once Supreme Court reopens in January 2026. • Judgment in favour o
Slide 36: The Future
The Future
Slide 37: By 2030
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 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 Geological setting is conducive. within next 2 ye
Slide 39: Our Team
Our Team
Slide 40: Executive Team
Executive Team H S J Dr. M. Hanuma Prasad Mr. Subramaniam Sundaram Ms. Jade Devenish Executive Director & Managing Director Director DGFZCO Company Secretary With over 27 years of experience in the exploration and mining Subramaniam has 27 years of experience in the field of Jade was been a Director
Slide 41: Senior Management
Senior Management K K A Mr. Krishnamurthy Karunakaran Mr. Krishna Kumar Mr. Andrew Weeks President, Business President, Exploration Chief Financial Officer Development & Mining Karunakaran is a Certified Management Accountant from Krishna brings a wealth of strategic and operational Andrew is a geol
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
Deccan Gold Mines — Investor Presentation (January 2026) on 6ix