Mumbai, June 10 -- The acquisition is expected to be completed progressively by March 2027.

Following completion of the earn-in, the company will have the option to increase its stake to 75% through an additional EUR 1.0 million investment, subject to milestone achievement and independent valuation.

LMSL holds the 37 square kilometres Logrosan project and the 40 square kilometres Maria project in Spain. The investment proceeds will be utilized for exploration and development of these mineral assets.

Under the shareholders' agreement, subsequent project funding will be undertaken on a pro-rata basis, with Deccan Gold's stake potentially increasing up to 95% through dilution of non-contributing shareholders, while the existing shareholde...