DECCAN GOLD MINES LIMITED ONLY LISTED GOLD EXPLORATION COMPANY IN INDIA. PROJECTS STRATEGI CALLY LOCATED W I THI N W ORLD CLASS GEOLOGI CAL ARCHAEN GOLD PROVI NCE. JUNE 2 0 1 8 No 5, 19 th Main Road 4 th Sector, HSR Lay Out B Bangalore – 560 102 l 560 102 Karnataka, I ndia www.deccangoldmines.com 1
Gold Exploration and Mining Gold is a precious metal. It has emotional, cultural and financial value and different people across the globe buy gold for different reasons often influenced by different people across the globe buy gold for different reasons, often influenced by a range of national socio-cultural factors, local market conditions and wider macro- economic drivers. Yet mining the ore is just one stage in a long and complex process. Long before any gold can and complex process. Long before any gold can be extracted, significant exploration and development needs to take place, both to determine, as accurately as possible, the size of the deposit as well as how to extract and process the ore efficiently, safely and responsibly. On average, it takes between 10-20 years before a mine is even ready to produce material that can be refined. t i l th t b fi d Gold mining describes the process of extracting ore – metal-rich rock – from the earth’s crust earth s crust. And, as with other minerals, And as with other minerals there are a number of geological processes that are involved in forming these ore deposits. Modern gold mining predominantly takes place in areas where there is a significant g concentration of gold-bearing ore (ore body). Today, 60%-70% of the world’s gold production comes from surface mines, while the remainder is from underground gold mines.
DGML’S FOOT PRI NT OF GOLD TENEMENTS Explored Explored 7000 7000 sq sq.km km area area in in the the � states states of of Karnataka, Karnataka, AP, AP, Kerala Kerala and and id id identified identified tifi d tifi d 40 40 40 40 gold gold ld ld prospects prospects t f for for further further detailed detailed exploration exploration. . A total total of of 21 21 Prospecting Prospecting Licence Licence � applications applications (PL) (PL) and and 2 2 Mining Mining Lease Lease applications applications applications applications (ML) (ML) (ML) (ML) have have have have been been been been submitted submitted. . These These applications applications attract attract preferential preferential rights rights and and are are protected protected as as per per section section 10 10A ( (2 2)(b) )(b) of of the the M&M(D&R) act M&M(D&R) ( ( ) ) act 1957 1957 as as amended amended in in 2015 2015. Key projects Key projects of of the the company company include, include, � 1) Ganajur Ganajur- -Karjagi Karjagi cluster cluster 2) 2 Magalgatti Magalgatti- -Bhavihal Bhavihal cluster cluster 3 3) Hirenagnur Hirenagnur P, Hi Hi P P, Hutti H Hutti North H i i N North P( N h P( h P(H P(Hutti H Hutti i i Belt) and Belt) and 4 4) Ramagiri Ramagiri Drill Drill indicated indicated resources resources identified identified in in � Ganajur Ganajur Main, Main, Ganajur Ganajur SE, SE, Karajgi Karajgi Main, Main, Main Main Mangalgatti Mangalgatti Mangalgatti Mangalgatti, Bha ihal Bha ihal Bhavihal Bhavihal and and and and Hirenagnur Hirenagnur projects projects 3
DHARWAR SHI MOGA BELT PROJECT � DGML explored an area of around 5000 sq km of the Dharwar-Shimoga Greenstone belt covered under 2 RP blocks. � Gold mineralization in all the prospects is is hosted hosted within within sulphidic sulphidic banded banded ferruginous chert. � Succeeded in identifying 22 gold prospects prospects. � Prospects around Dharwar towards north (Dharwar Cluster) and Haveri in the so th (Ganaj the south (Ganajur-Karajgi Cluster) are Ka ajgi Cl ste ) a e considered as significant discoveries. � Seven (7) Prospecting Licence (PL) and two (2) Mining Lease (ML) applications covering all the important Mangalur prospects were filed. N orth Hutti Hutti South Dharwad Dharwad ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( ( Panaji ( ( ( ( ( ( ( ( ( K alghatgi Hanagal ( ( ( ( ( ( ( ( ( Ramagiri 4 BANGALOR E ( ( ( ( ( ( ( ( ( 0 50 100 kilometers
GANAJUR MAI N GOLD DEPOSI T & I TS SATELLI TE PROSPECTS: GANAJUR MAI N GOLD DEPOSI T & I TS SATELLI TE PROSPECTS: DESPL explored an area of 1,542 Sq km • under a Reconnaissance Permit (RP) that d R i P it (RP) th t resulted in locating several significant gold prospects that include Ganajur Main Gold project and the adjacent prospects in the Ganajur-Karajgi cluster. th G j K j i l t Ganajur-Karajgi Cluster is part • Ranibennur group of the late Archaean- Dharwar-Shimoga greenstone belt in the western Dharwar Craton. t Dh C t • Prospecting License (Ganajur-Karajgi PL Block) over an area of 2.2 sq.kms was granted on 10.9.2009. • • E Explored l d by b using i multi lti di disciplinary i li The Project was initially reviewed independantly • Exploration techniques as per by Internationally aclaimed SRK Mining Services international standards. (SRK). • All the prospects have been covered JORC compliant Indicated resource of 308,000 • under under 3 3 Prospecting Prospecting Licence Licence and and 2 2 Oz of gold to a depth of 120 metres was Mining Lease applications in this cluster. estimated. The project economics was opined as • Exploration carried out so far has robust. demonstrated that the Ganajur-Karajgi DGML entered into MOU with Govt of • Cluster Cluster is is an an important important mineralised mineralised Karnataka to establish a gold mining industry corridor with possibility of finding in this project area. The Project has been cleared sizeable resources of of gold. by State High Level Clearance Committee 5 (SHLCC).
HUT P 300 meters of strike length was delineated which is open along the strike along the strike and depth. HIGH GRADE KARAJGI MAIN P. Resource of 26800 ozs GANAJUR MAIN P. averaging 3.06 MEASURED AND g/t Au under INDICATED C JORC Indicated JORC Indicated RESOURCE 305000 and Inferred OZS. categories OPEN PITTABLE. SIGNFICANT DEPTH POTENTIAL GANAJUR SE P600 metres P600 metres has been delineated. 35000 OZS OF 6 CHARGEABILITY ANOMALY SLICE PLAN AT 24 M DEPTH Au
7 GANAJUR MAI N P- TYPI CAL DRI LL HOLE CROSS SECTI ON
FEASIBILITY STUDIES FOR THE GANAJUR GOLD PROJECT: � DESPL commissioned SRK Mining Services (India) Pvt. Ltd, (SRK) in the year 2011 g ( ) , ( ) y to complete an updated mineral resource estimate and to undertake a Scoping Study and Preliminary Economic Assessment for the Ganajur Main Gold Deposit. � The study indicated that the Ganajur Main Gold deposit is open pittable. The project has been found to be economically viable. j t h b f d t b i ll i bl � Following the positive scoping studies by SRK, DESPL appointed Snowden Mining Industry Consultants Pty Ltd (Snowden), headquartered in Perth to undertake a Definitive Feasibility Study for the project. y y p j � Feasibility study involved a detailed review of the project to take the Ganajur Gold Mine into production. � Detailed work involved Resource geology and Ore reserves, Mine planning, Geochemistry Geochemistry, Process and metallurgy, Plant designing and engineering, Process and metallurgy Plant designing and engineering Tailings disposal and design of the tailing dump, Geotechnical engineering, hydrology and hydro-geology, environmental studies etc. Ore reserves under proved and probable categories were estimated as per JORC 2012 (equivalent of UNFC 111). � Several experts, both in country and abroad were involved in completion of the FS as per International Standards. � The FS indicated strong NPV that makes the project robust and economically � The FS indicated strong NPV that makes the project robust and economically attractive for commencement of the mine and the processing plant. � The entire feasibility studies were as per International standards that lasted 8 nearly 11 months to complete.
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