The Singhbhum Shear Zone in eastern India hosts several Fe oxide–Cu–Au (IOCG)-type polymetallic deposits, mined primarily for U, Cu and apatite, with elevated concentrations of rare earth elements, Ni, Co, Mo, Te and Au in association with low-Ti magnetite. Although the main stages of hydrothermal U, Cu and rare earth element mineralization are known to be Palaeoproterozoic in age, the age of shear deformation in the host shear zone has hitherto not been constrained. Here, we report Re–Os ages of syn-shearing massive molybdenite occurring along shear surfaces transecting the uranium ores in the Jaduguda uranium deposit. Integrating the obtained Re–Os age of c. 1.64–1.59 Ga of molybdenite, the known ages of mineralization and the known tectonothermal events in the adjoining Proterozoic Mobile Belt, we propose that the main stages of polymetallic hydrothermal mineralization pre-dated the pervasive shear deformation event in the Singhbhum Shear Zone. We further suggest that the shear zone was not the principal foci of the hydrothermal mineralization of the main stages. Instead, the shear zone was localized during the Palaeoproterozoic to Mesoproterozoic transition (c. 1.64–1.59 Ga) along pre-existing crustal-scale extensional faults which had earlier been the foci of hydrothermal alteration and mineralization in Palaeoproterozoic time (c. 1.9–1.8 Ga). Shear deformation and metamorphism have reconstituted/redistributed existing mineral/metal inventories with/without neo-mineralization.