Deccan Gold Mines Limited, India’s only listed strategic and critical mineral resource company, has announced the commencement of exploration activities over its Bhalukona-Jamnidih composite licence block in Chhattisgarh. The site holds potential for nickel, chromium, and platinum group elements (PGE), marking a strategic step in securing India’s mineral independence under the vision of Atmanirbhar Bharat.
The company received its work permit on April 9, 2025, and has since started key groundwork. These include demarcation of the composite licence boundary via DGPS survey, notifying local panchayat leaders, and setting up survey controls for an advanced drone magnetic geophysical survey. Consent from landowners for trenching and drilling will follow based on the delineation of mineralized zones.
Managing Director Dr. Hanuma Prasad Modali expressed optimism about the project’s scientific approach. “We are excited to apply the latest geophysics to identify potential mineralized zones,” he said. “Support from local communities and fast mobilization by consultants has been encouraging.”
The next phases will involve more detailed geophysical analysis, geological mapping, and soil geochemistry studies, with Deccan Gold promising timely updates for its ~40,000 shareholders.
