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Precious Metals
Expansion5 Feb 2025, 10:17 pm

Deccan Gold Mines Expands Internationally, Acquires Critical Mineral Assets in Mozambique

AI Summary

Deccan Gold Mines Ltd, the first and only gold exploration and mining company listed on the Bombay Stock Exchange Limited, has expanded internationally and entered the critical mineral sector. The company, through its wholly owned subsidiary in Dubai, UAE, has acquired a majority stake in 6 critical mineral assets in Mozambique. These assets are expected to contribute to securing India's critical mineral supply chain from domestic and foreign sources. The Mozambique operations are planned to explore and develop mining operations in the highly prospective Alto Ligonha minerals district, with a focus on lithium, tantalum, caesium, and other products.

Key Highlights

  • Deccan Gold Mines has expanded internationally and entered the critical mineral sector.
  • The company has acquired a majority stake in 6 critical mineral assets in Mozambique.
  • These assets are expected to contribute to securing India's critical mineral supply chain.
  • The Mozambique operations are planned to explore and develop mining operations in the Alto Ligonha minerals district.
  • The focus is on lithium, tantalum, caesium, and other products.
DECNGOLD
Precious Metals
DECCAN GOLD MINES LTD.

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