Archive · 4 Aug 2025
Deccan Gold Announces India’s First Confirmed Nickel-Copper-PGE Discovery
Deccan Gold Mines found a potential source of important metals like nickel, copper, and platinum group elements in Chhattisgarh, India.
This is a first of its kind discovery, potentially helping India become more self-sufficient in these resources used in things like electric car batteries and clean energy.
They found a zone of these minerals, and now they plan to drill deeper to learn more.
The discovery triggered strong interest in the stock market.
Deccan Gold Mines announced a nickel, copper, and PGE discovery in Chhattisgarh.
This is reportedly the first confirmed such discovery in India.
The mineralized zone extends 700 meters.
The company holds a composite license for the 30 sq km block.
Shares of Deccan Gold Mines saw increased trading activity.
- Who
- Deccan Gold Mines Ltd.
- What
- Potential Nickel-Copper-PGE discovery
- When
- Announced on August 4th, Monday, by Deccan Gold Mines Ltd.
- Where
- Bhalukona project in Chhattisgarh, India
- Why
- To give the country a firm footing in the global critical minerals supply chain.
- Company
- Deccan Gold Mines Ltd
- Location
- Bhalukona, Chhattisgarh, India
- Discovery
- Nickel, Copper, PGE
- Mineralized Zone Length
- 700 meters
- License
- Composite License for 30 sq km block
- Stock Market Reaction
- Shares opened at ₹140, hit a high of ₹141.70
