Deccan Gold Mines has announced a strategic investment in a tungsten exploration project at Logrosan in Spain, marking its entry into a European critical minerals asset with the option to increase its stake to up to 75 per cent prior to production.

The Logrosan project is an early-stage exploration asset located in a mineralised region known for tungsten, tin, rare earth elements and gold. Deccan Gold said ongoing exploration and drilling could enable the conversion of existing mineralisation into defined mineral resources over the next one to two years, subject to technical studies and regulatory approvals.

Spain is emerging as a strategic destination for critical minerals due to its supportive permitting framework, competitive operating costs, proximity to European industrial markets and the absence of production-based royalties. The investment aligns with Europe’s push to secure diversified supply chains for strategic raw materials.

Tungsten is globally classified as a critical mineral because of its applications in defence, aerospace, advanced manufacturing, cutting tools and electronics. With over 80 per cent of global supply dominated by China, demand for alternative sources has intensified.

Commenting on the development, Hanuma Prasad Modali, Managing Director, Deccan Gold Mines, said, “Our entry into the Logrosan Tungsten Project reflects Deccan Gold’s long-term vision of building a globally relevant portfolio in minerals that are critical to modern economies.”

Early exploration at Logrosan has delivered encouraging tungsten intersections alongside isolated high-grade gold mineralisation, while the broader region offers potential across associated gold and rare earth targets. Deccan Gold said its experience in gold exploration and resource evaluation is directly transferable to tungsten systems, supporting its expansion into critical minerals.