Geomysore Services India Pvt Ltd Gold Mine Enters Pre-Commercial Phase

Lloyds Enterprises Limited ("LEL") is pleased to announce that its investee company, Geomysore Services India Pvt Ltd ("GMSI"), has commenced Pre-Commercial production trials (PCOD) at the Jonnagiri Process Plant, marking a major milestone in the evolution of India's gold mining sector.

GMSI has been developed over last 12 years under the management of Mr. B. Prabhakaran to become one of the first operating mine in India to reach production stage in Independent India. The mine is located in Andhra Pradesh with all key regulatory approvals, including Environmental Clearance valid until 2043.

LEL, which holds a 31.58% economic stake in GMSI through its 50% investment in Prakar Estate and Promoters LLP, views this as a highly Pathbreaking development. With over ₹405 crore invested to date totally in the project, the project has transitioned from development to Pre-commercial trial production stage with ore production underway and processing plant trials initiated. Commercial production is targeted to begin in November 2025.

The project is expected to produce up to 900 kilograms of refined gold annually, by end of FY2028, supported by a strong resource base for mine life of 15 years.

Over the past three to four years, gold has emerged as one of the best-performing asset classes for Indian investors, delivering strong absolute returns even amidst global volatility. Over the past 3 years, gold has delivered a compound annual growth rate (CAGR) of ~24.4% in rupee terms. According to the World Gold Council's midyear 2025 outlook, gold is expected to remain a preferred global asset class, supported by strong central bank buying, inflationary concerns, and its role as a hedge against market volatility.

Against this backdrop, the commencement of pre-commercial operations trials at the Jonnagiri Gold Mine and the expected commencement of commercial production in November-25, underscores a timely and high-potential opportunity. For Lloyds Enterprises and all stakeholders in this nationally significant asset, this milestone reflects not only operational progress but also meaningful value creation potential aligned with current commodity tailwinds.

As a shareholder, through Prakar Estate and Promoters LLP, Lloyds Enterprises views this milestone as a testimony to the quality of the asset and the commitment of the operating team on the ground. The commencement of production not only enhances the long-term value proposition of this investment but also reflects Lloyds Enterprises's focus on participating in India's critical mineral and resource value chains.

Shares of Lloyds Enterprises LTD. was last trading in BSE at Rs. 70.29 as compared to the previous close of Rs. 66.73. The total number of shares traded during the day was 457167 in over 3079 trades.

The stock hit an intraday high of Rs. 73.76 and intraday low of 66.80. The net turnover during the day was Rs. 32410837.00.

Source : Equity Bulls

Keywords

LloydsEnterprises INE080I01025 GeomysoreServicesIndia GoldMine PreCommercialPhase