Deccan Gold Mines Ltd signs MoU between Deccan Gold FZCO & Steiger Geoscience and Engineering Private Limited, Hyderabad (Steiger)

Deccan Gold FZCO has entered into a Memorandum of Understanding (MoU) with Steiger on September 9, 2023. In terms of this MoU, Steiger will provide drone-based magnetic & electromagnetic survey data processing and interpretation services of the drone data acquired by Deccan Gold FZCO at different locations in Africa & Asia and provide ground-based modern geophysical services related to mineral exploration as and when required by Deccan Gold FZCO. It may be noted that Deccan Gold FZCO will be offering mineral exploration consultancy services for clients particularly in Africa & Asia and will be requiring such services for its Clients which be provided by Steiger.

The above step is expected to be significant in our efforts to establish a state-of-the art mineral exploration consultancy vertical.

Shares of DECCAN GOLD MINES LTD. was last trading in BSE at Rs. 88.31 as compared to the previous close of Rs. 87.98. The total number of shares traded during the day was 105785 in over 469 trades.

The stock hit an intraday high of Rs. 90.95 and intraday low of 86.57. The net turnover during the day was Rs. 9460704.00.

Source : Equity Bulls

Keywords

DECCANGOLDMINES INE945F01025 Mining DeccanGoldFZCO MoU Steiger