Deccan Gold Mines makes headway in gold project in Kyrgyzstan

Deccan Gold Mines Ltd. (DGML), India’s first and only listed gold and critical minerals exploration company, announced significant progress towards production at its Altyn Tor Gold Project in Kyrgyzstan.

The milestone positions DGML as a pioneering Indian mining company creating a global footprint while contributing to the Government of India’s Atmanirbhar Bharat vision of securing critical mineral resources for economic growth and strategic independence.

The Altyn Tor Project marks the first overseas investment by an Indian mining and exploration company in Kyrgyzstan, enhancing economic cooperation between the two countries.

Key developments at the Altyn Tor site include: Commissioning of 11 new conveyors and successful trial runs of jaw and cone crushers.

Installation of a new ball mill, is expected to be operational by early September 2025.

Preparations for commercial production of Dore bars from the gravity circuit is scheduled by October 2025.

Progress on tailings storage facility, power infrastructure, and civil works, is going on at brisk pace ensuring the project remains on track despite challenging weather conditions.

Ongoing resource drilling programme, with early indications suggest a significantly larger orebody than previously estimated.

Commenting on the progress at Altyn Tor, Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Ltd., said:

"With the ball mill foundation laid and key equipment advancing toward commissioning, Altyn Tor is on track despite the challenges of Kyrgyzstan’s early winters. Our drilling results suggest a significantly larger orebody, strengthening confidence in the project’s long-term potential."

He said "by covering the plant and putting in place contingency measures, we aim to ensure year-round operations and timely delivery."