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Business
Deccan Gold's Bhalukona Project in Chhattisgarh Reveals 4 Million‑Tonne Nickel‑Copper Potential
✍️ CNBC TV18
🗓 01 Nov 2026, 10:31 PM
👁 12
Deccan Gold reports that its Bhalukona mining project in Chhattisgarh could host up to four million tonnes of nickel‑copper resources.
Deccan Gold has disclosed that its Bhalukona project, located in the mineral‑rich state of Chhattisgarh, is estimated to contain around four million tonnes of combined nickel and copper resources. The assessment follows recent geological surveys conducted at the site, which indicate a substantial deposit that could be developed for commercial extraction.
If the resource estimate is confirmed through further drilling and feasibility studies, the Bhalukona project could become a significant contributor to India's domestic supply of nickel and copper, metals that are critical for the country's expanding steel and electric‑vehicle sectors. Analysts note that such a find may reduce India's reliance on imports and support the government's push for greater self‑sufficiency in strategic minerals.
The company has not yet announced a detailed timeline for project development, but the revelation of a large‑scale nickel‑copper potential is expected to attract interest from both domestic and international investors. Stakeholders will be watching for subsequent regulatory clearances and environmental approvals before any mining operations commence.
If the resource estimate is confirmed through further drilling and feasibility studies, the Bhalukona project could become a significant contributor to India's domestic supply of nickel and copper, metals that are critical for the country's expanding steel and electric‑vehicle sectors. Analysts note that such a find may reduce India's reliance on imports and support the government's push for greater self‑sufficiency in strategic minerals.
The company has not yet announced a detailed timeline for project development, but the revelation of a large‑scale nickel‑copper potential is expected to attract interest from both domestic and international investors. Stakeholders will be watching for subsequent regulatory clearances and environmental approvals before any mining operations commence.