The country's only listed gold exploration and mining company Deccan Gold Mines Limited (DGML) acquired majority stake in 5 lithium blocks in Mozambique, Africa 

Deccan Gold Mines Limited (DGML), India's sole listed gold exploration and mining company, has recently made a significant move that has caught the attention of investors worldwide. The company has acquired a majority stake in five lithium blocks in Mozambique, Africa, positioning itself within the globally recognized Alto Ligonha pegmatite belt, known for its abundant reserves of lithium-cesium-tantalum (LCT) pegmatites.

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A Strategic Acquisition

This acquisition is crucial for the mining of lithium, tantalum, and beryllium. The critical mineral concession block has been procured through Deccan Gold FZCO, a wholly-owned subsidiary of DGML. DGFZCO will hold a majority ownership stake of 51% in DGMOZ, with the potential for this ownership to increase to 70% in the near future. This strategic acquisition not only diversifies DGML's portfolio but also positions it as a key player in the lithium mining industry, a sector poised for significant growth due to the increasing demand for lithium in various industries, particularly in the production of electric vehicle batteries.

Future Plans

DGMOZ has plans to establish a small-scale processing plant with a daily capacity of 100 tonnes to refine lithium, tantalum, and other mineral concentrates. This move is expected to significantly boost the company's production capabilities and market presence. The establishment of this processing plant is a testament to DGML's commitment to innovation and its strategic vision to capitalize on the growing demand for these critical minerals.

A Synergistic Partnership

Deccan Gold Mines' Managing Director, Hanuma Parly, has stated that the joint venture with Magnifica Group will create synergy in 'upstream' capabilities and ultimately 'midstream' capabilities to meet the needs of the growing Indian market. This partnership is expected to enhance DGML's operational efficiency and market reach, thereby strengthening its position in the mining industry.

Impressive Returns

DGML has provided multibagger returns to its shareholders. The shares have yielded returns of more than 150 percent in one year and about 380 percent in two years. Despite a 6 percent fall in a week, a 12 percent fall in a month, and a 23 percent fall in six months, the overall performance remains impressive. The stock's 52-week high is 158.95, achieved on November 3, 2023, while the 52-week low of the stock is 43.03. The market cap of the company stands at Rs 1,706.08 crore. These impressive returns highlight DGML's strong financial performance and its potential for future growth.


DGML's strategic move into lithium mining presents a golden opportunity for investors. With its recent acquisition and plans for a processing plant, the company is poised to make significant strides in the lithium mining industry. Investors should keep a close eye on DGML as it continues to make waves in the mining sector.


The information provided in this blog post is for informational purposes only. does not advise investing in the stock market. The stock market is subject to risk, hence it is advisable to seek expert advice before investing.

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