Deccan Gold Mines Signs Spain Tungsten Project Earn-In Deal

Deccan Gold Mines Ltd. has entered into a definitive Earn-In/Option and Shareholders Agreement to acquire an initial 51% stake in Logrosan Minera S.L. (LMSL) in Spain for EUR 1.76 million. This investment, to be completed by March 2027, targets exploration and development of tungsten, tin, and rare earth elements. The company has the option to increase its stake to 75% and potentially up to 95% based on further investment and milestone achievement. The project, located in a highly mineralized region, has shown promising tungsten (scheelite) intersections in recent drilling, with potential for gold and REE upside. This strategic move diversifies Deccan Gold's portfolio into critical minerals.