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Issue 2003	DRD Annual Results • 30 June 2003 JHB: DUR NY: DROOY Sydney: DRD
Home Corporate profile Financial highlights Chairman’s statement Directorate & management Directors’ report Corporate governance statement Statement of reserves & resources Exploration Management discussion and analysis Statement of responsibility by the board of directors Company secretary’s report Report of the independent auditors Annual financial statements: Income statements Balance sheets Statements of shareholders’ equity Cash flow statements Notes to the cash flow statements Notes to the annual financial statements Condensed consolidated financial statements - US GAAP Notice to shareholders Shareholder analysis Shareholders’ diary Conversion table Glossary of terms Form of proxy Notes to proxy Notice of direction Contacts	Corporate profile   Durban Roodepoort Deep, Limited (“DRD”) is a dynamic, driven and independent gold mining company. Established in 1895, it is based in South Africa, with substantial operations and the extensive, brownfields Argonaut Project in that country. In addition, it has an operation in Papua New Guinea, and a 19.81% minority interest in Emperor Mines Limited of Australia. DRD’s mission is to remain independent and to focus on extending ore reserve life safely and profitably. Gold is DRD’s main product, derived both from deep-level and opencast gold mining, and from the retreatment of surface material. The current operations have been amalgamated and acquired since 1997. Production has risen from under 100 000 ounces a year to 1.1 million ounces during this time. DRD now ranks as fifth largest in terms of gold production in South Africa and 12th internationally. The company’s attributed mineral resource base as at June 30, 2003 was 589.8 million tonnes, containing 63.9 million ounces. Attributed mineral reserves were 131.4 million tonnes, containing 15.8 million ounces of proved and probable gold. Attributed underground mineral reserves comprised 14.4 million ounces. In July 2002, DRD concluded an historic transaction, which placed the company at the forefront of black economic empowerment in South Africa, when it sold 60% of its Crown Gold Recoveries (“CGR”) operation to Khumo Bathong Holdings (Pty) Ltd (“KBH”). The partnership between DRD(40%) and KBH(60%) made further inroads into the South African gold market when it acquired the East Rand Proprietary Mines Limited (“ERPM”) for R100 million in October of 2002. ERPM has an attributed mineral resource of 3.4 million ounces and mineral reserve of 0.8 million ounces. In November 2002, DRD managed to raise US$66 million through the issue of convertible loan notes. The majority of the proceeds will be used for capital expenditures to upgrade and improve our metallurgical plants and expand our mining operations, acquisition of gold producing businesses or companies and mineral exploration and resource evaluation in South Africa. With this in mind, DRD acquired the minority interest in Emperor Mines Limited, which owns and operates the Vatukoula gold mine in Fiji. Emperor currently has 1.0 million ounces in reserves and 3.6 million ounces in resources. DRD has appointed two directors to the board of Emperor. The market capitalisation of this growth-orientated company as at June 30, 2003 was approximately US$464 million. DRD’s South African interests comprise: • Blyvooruitzicht Mine; • the North West Operations (Hartebeestfontein and Buffelsfontein Mines); • 40% of Crown Gold Recoveries and East Rand Proprietary Mines; and • The brownfields Argonaut Project. DRD’s operation in Papua New Guinea is the Tolukuma Mine. DRD is a public company with its primary listings on the Johannesburg and Australian Stock Exchanges and secondary listings on NASDAQ, the London Stock Exchange and the Paris and Brussels Bourses. The company’s shares are also traded on the Regulated Unofficial Market of the Frankfurt Stock Exchange and the Berlin and Stuttgart Stock OTC Markets.