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SAMREC compliant Gold, Uranium and Sulphur Resources for the Elsburg Tailings Dam Complex

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Published: Wednesday, 20 August 2008 02:00
DRDGOLD is pleased to advise it has received an Independent Competent Person’s Report prepared by RSG Global Consulting Pty Ltd in relation to a resource estimation statement for the Elsburg Tailings Dam Complex.

SAMREC compliant Gold, Uranium and Sulphur Resources for the Elsburg Tailings Dam Complex DRDGOLD is pleased to advise it has received an Independent Competent Person's Report ("CPR") prepared by RSG Global Consulting Pty Ltd ("RSG") in relation to a resource estimation statement for the Elsburg Tailings Dam Complex ("the Elsburg Complex"). The Elsburg Complex, which forms part of the company's 50/50 Ergo Mines Joint Venture with Mintails Limited, comprises five tailings dams near the township of Reiger Park, Boksburg - 20 kilometers east of Johannesburg. The information contained in this announcement is a summary of the full CPR which is available on the company's website.

As set out below, and in compliance with the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves ("the SAMREC Code"), RSG has defined 171.1 million tonnes in the Measured Resource Category containing approximately 1.7 million ounces of gold, 14.9 million pounds of U3O8 and 1.76 million metric tonnes of sulphur. RSG has also confirmed that these resources are stated in terms consistent with definitions under the Joint Ore Reserves Committee ("JORC") Code.

Elsburg Tailing Dams Complex

Measured Mineral Resource Statement for Elsburg Complex Gold (July 2008)
DamTonne (Mt)Grade (g/t)Au (Tonne)
4/L/48 66.1 0.38 25.12
4/L/49 47.4 0.29 13.75
4/L/47 and 34.2 0.26 8.89
4/L/47A      
4/L/50 23.4 0.25 5.85
Total 171.1 0.30 53.61

Measured Mineral Resource Statement for Elsburg Complex Uranium (July 2008) Metric Tonne
DamTonne (Mt)U Grade (ppm)U3O8 (Tonne)U (Tonne)U308 (Tonne)
4/L/48 66.1 33 38.9 2181.3 2573.9
4/L/49 47.4 33.7 39.8 1597.4 1884.9
4/L/47 and 34.2 35 41.3 1197 1412.5
4/L/47A          
4/L/50 23.4 32 37.8 748.8 883.6
Total 171.1 33.4 39.4 5724.5 6754.9

Measured Mineral Resource Statement for Elsburg Complex Uranium (July 2008) lbs / Short Ton
DamTonne (Mt)U Grade (lbs/t)U3O8 Grade (lbs/t)U (M lbs)U308 (M lbs)
4/L/48 72.9 0.07 0.08 4.8 5.7
4/L/49 52.3 0.07 0.08 3.5 4.2
4/L/47 and 37.7 0.07 0.08 2.6 3.1
4/L/47A          
4/L/50 25.8 0.06 0.08 1.7 2
Total 188.8 0.07 0.08 12.6 14.9

Measured Mineral Resource Statement for Elsburg Complex Sulphur (July 2008) Metric Tonne
DamTonne (Mt)Grade (%)S (Mt)
4/L/48 66.1 1.0 0.7
4/L/49 47.4 1.1 0.5
4/L/47 and 34.2 0.9 0.3
4/L/47A      
4/L/50 23.4 0.9 0.2
Total 171.1 1.01 1.76

Measured Mineral Resource Statement for Elsburg Complex Sulphur (July 2008) lbs / Short Ton
DamTonne (Mt)Grade (%)S (M lbs)
4/L/48 72.9 1 1515.5
4/L/49 52.3 1.1 1191.3
4/L/47 and 37.7 0.91 686.1
4/L/47A      
4/L/50 25.8 0.94 484.9
Total 188.8 1.01 3877.9

The ERGO Mines Joint Venture has commissioned a feasibility study in respect of the production of uranium and sulphuric acid and anticipates the completion of this study prior to the end of the calendar year.

Randburg
20 August 2008

Sponsor
QuestCo Sponsors (Pty) Limited

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