6 days ago
Deccan Gold Mines says it made first-ever nickel–copper–platinum group sulphide discovery in India
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Bengaluru-headquartered Deccan Gold Mines Limited (DGML), a listed gold and critical minerals resource company, on Monday announced what it called "the first-ever discovery in India" of Nickel–Copper–Platinum Group Element (Ni–Cu–PGE) sulphide mineralization in the Bhalukona–Jamnidih block of surveys and follow-up geophysical surveys have identified a potential Ni–Cu–PGE sulphide mineralized zone, the company said in an exchange filing as well as in a media statement. DGML said it planned to commence test drilling shortly to further assess and validate the scale and grade of the landmark discovery follows DGML securing a 30 sq. km Composite Licence for the Bhalukona–Jamnidih block in Basana Tehsil, Mahasamund District on April 1, 2025. The company initiated exploration activities immediately upon receiving all approvals, carrying out geological mapping, rock chip sampling, drone magnetic surveys, and an induced polarisation (IP) survey, the statement results reveal a 700-metre-long mineralized zone hosted in prospective mafic–ultramafic rock formations, with geophysical data indicating sulphide mineralization extending to depths of around 300 metres. Nickel, copper, and platinum group elements are critical minerals that play a pivotal role in electric vehicle batteries renewable energy systems , advanced electronics, and strategic industries. This discovery significantly strengthens India's ability to build self-reliance in critical minerals and supports the governments' vision for Atmanirbhar Bharat , the company managing director Hanuma Prasad Modali said: 'This is a proud moment for India and for Deccan Gold Mines. For the first time in our country's history, such a Nickel–Copper–Platinum Group sulphide mineralization has been identified. This find places India firmly on the global critical minerals map at a time when these resources are vital for clean energy technologies , advanced manufacturing, and national security.''The Government of India has rightly prioritized critical minerals as a strategic imperative for achieving Atmanirbhar Bharat and leading the global energy transition. Our discovery in Chhattisgarh is a tangible step in that direction. We are committed to developing this resource responsibly, creating value for our ~40,000 shareholders, contributing to local communities, and supporting India's journey towards self-reliance in critical mineral supply chains," Hanuma added.
