Deccan Gold secures key nickel, chromium, PGE licence

Deccan Gold Mines (BSE: DECNGOLD) has announced the execution of a Composite Licence for the Bhalukona-Jamnidih nickel, chromium, and platinum group elements (PGE) block in Chhattisgarh, India. The 30 sq. km Composite Licence was granted by the Government of Chhattisgarh on April 1, 2025, with deed registration completed on April 2, 2025. This license, covering a block identified by the Geological Survey of India (GSI) as prospective for nickel, chromium, and PGE mineralization, allows seamless transition from exploration to mining. The company has applied for a work permit. The Company sees this as a significant step towards securing strategic and critical minerals for India. Preliminary exploration by the GSI indicates the presence of sulphide-bearing mafic-ultramafic intrusive rocks with anomalous values of Nickel, Platinum and Palladium.