Deccan Gold Mines Proposes to Invest in Spain's Tungsten Project with 75% Stake
Deccan Gold Mines Limited (Deccan Gold) has announced its proposal to invest in a tungsten project located in Spain. The project, known as Logrosan, is at an early-stage exploration project with the opportunity to convert discovered mineralisation to Mineral Resources within 1 to 2 years. The Logrosan project lies within a highly mineralised region of Spain known for tungsten, tin, rare earth elements, and gold occurrences. Deccan Gold's technical experience in gold exploration, drilling and resource evaluation is directly transferable to tungsten deposits. The company also notes potential upside in associated gold and REE targets. The Maria Gold Project, located within the broader Logrosan mineralised corridor in Spain, represents a prospective near-surface gold and antimony system, further aligning with Deccan Gold’s long-term focus on advancing gold exploration opportunities alongside its emerging critical minerals strategy.
Key Highlights
- Deccan Gold proposes to invest in a tungsten project in Spain with up to 75% stake before production.
- The Logrosan project is an early-stage exploration project with potential to convert mineralisation to Mineral Resources within 1-2 years.
- Spain is a favourable mining destination due to rich mineral endowment, supportive permitting, competitive operating costs, proximity to European markets, and absence of production-based royalties.
- Tungsten is a globally critical mineral for defence, aerospace, high-temperature alloys, industrial cutting tools, and electronics.
- Deccan Gold's technical experience in gold exploration is directly transferable to tungsten deposits.