Media releases

DRDGOLD Limited consolidated mineral resources and ore reserve statement

Details

Published: Tuesday, 18 July 2006 02:00

DRDGOLD has received its consolidated mineral resources and ore reserve statement following completion of an independent annual resource and reserve audit.
Johannesburg, 18 July 2006: DRDGOLD has received its consolidated mineral resources and ore reserve statement following completion of an independent annual resource and reserve audit.

The company has shown an increase of 30% in its attributable mineral resources from 36.6 million ounces (Moz) of contained gold in 2005 to 47.6m in 2006.

The company has also shown a 35% increase in attributable ore reserves from 6.5m in 2005 to 8.8m in 2006.

The above numbers take into account DRDGOLD’s equity holding of 85% in DRDGOLD South African Operations (Proprietary) Limited and the company’s 78.9% holding in Emperor Mines Limited.

The ore reserve statement was based on a gold price of US$582 per ounce and R117 000/kg.

Full details will be published with DRDGOLD’s annual report due for release at the end of September.

For further information, please contact

Ilja Graulich
Strategic Development Officer
+27 11 219 8700 (t)
+27 83 604 0820 (m)
This email address is being protected from spambots. You need JavaScript enabled to view it.

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DRDGOLD is an intermediate unhedged gold producer with mines in South Africa as well as Australasia. The company’s production profile is split equally between its highly leveraged SA operations and its low-cost, cash generative offshore mines.

DRDGOLD has primary listings on the Johannesburg (JSE:DRD) and Australian (ASX:DRD) stock exchanges and secondary listings on NASDAQ (DROOY), the London and Port Moresby stock exchanges and the Paris and Brussels Bourses. Its shares are also traded on the regulated unofficial market of the Frankfurt Stock Exchange and the Berlin OTC Market.

For more information, please visit www.drdgold.com

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Disclaimer:

Many factors could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, adverse changes or uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a continuing strengthening of the rand against the dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licences or other governmental approvals, changes in DRDGOLD's competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange rates and various other factors.

These risks include, without limitation, those described in the section entitled "Risk Factors" included in our annual report for the fiscal year ended 30 June 2005, which we filed with the United States Securities and Exchange Commission on 15 December 2005 on Form 20-F. You should not place undue reliance on these forward-looking statements, which speak only as of the date thereof. We do not undertake any obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this report or to the occurrence of unanticipated events.