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Nil Pretorius, CEO
Livingstone, Zambia
4 7 February 2010
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 included in this document, including, among others, adverse changes or
uncertainties in general economic conditions in the markets we serve, a drop in the gold price, a
sustained 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
ke facilities or adverse chan es in forei n exchan e 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 2009, which we filed with the United States
Securities and Exchange Commission on 27 November 2009 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.
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Who we are
-
247 690oz in FY09
South Africas fourth-largest
Four surface retreatment operations
Crown 19 065oz in Q1 2010
Blyvoor 7 556oz in Q1 2010
ERPM 7 009oz in Q1 2010
Ergo 5 240oz in Q1 2010
One deep-level underground mine
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Blyvoor 18 422oz in Q1 2010
The difference
Most of our gold comes from retreatment of surface tailings
now 73% of total and rising
Why?
lower risk
safety, health, government regulation
lower cost
48% lower, and dropping
less power, less labour
higher margin
34% and rising
mechanised process running 24/7 we know how
30-year track record of success
huge resource potential
1.2 billion tonnes
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uranium, sulphuric acid upside
property upside
liberated land for re-sale, re-development
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Performance highl ights: Q2 2010
4% increase in total gold production
12% increase in surface production
11% decrease in underground production
surface production 73% of total gold production
8% drop in cash operating costs (R/kg terms)
higher production
Bl voor em lo ee reduction
lower power costs (no winter tariff)
12% increase in average Rand gold price received
Cash operating profit vs loss the previous quarter
higher production
higher gold price received
lower cash costs
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Capex (Rand terms) down significantly
Ergo capex winds down
Production: Q1 2010 vs Q2 2010
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Profit contr ibut ion: Q2 2010
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Strategy
Continuing focus on:
lower risk
lower cost
higher margin
In South Africa:
continuing shift towards more gold production from surface retreatment
Ergo: bedding down, building capacity
secon ee rom s urg
full access to Brakpan plant potential
synergies with Crown pipeline feasibility study nearing completion access to Grootvlei and Marievale dumps
stabilising Blyvoor
re-establish seismicity-damaged high-grade stopes
retain surface o tionalit
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In Zimbabwe
exploratory steps
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In pursuit of strategy: recent corporate activity
Blyvoor
agreement with Aurora for Aurora to acquire 60% of Blyvoor
for R296 million consideration to DRDGOLD and R80 million loan facility to Blyvoor
ERPM
agreement with Aurora for Aurora to acquire ERPM plant for R20 million
effect: cash in the bank and access to Grootvlei (80Mt at 0.27g/t) and
. .
Ergo
agreement with Mintails for DRDGOLD group to acquire Mintails 50% in
Ergo Mining (Pty) Ltd (Ergo JV)
effect: full access to Brakpan plant and capacity to double throughput;
full access to uranium, sulphuric acid potential
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Ergo: trending upward
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Ergo: trending upward, contd
Ergo: trending upward, contd
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Ergo: Crown pipeline
Domain Volume
t000
Crown
(including
tailings)
456 145
ERPM 193 853
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Ergo
(includingtailings)
835 362
Total 1 485 360
Ergo: Crown pipeline
Grootvlei
Grootvlei and Marievale dumps
Size (Mt) 117.2
n erre resource oz .
Capital required (Rm) 260Marievale
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Zimbabwe
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Zimbabwe, cont d
Collaboration with Zimbabwe based Chizim Investments to explore 32 contiguous claims
over 550 ha in established Greenstone Zone
Two strikes so far with values ranging between 8g/t and 25g/t
Topped and tailed by established mines
Ascot to north east
Epsom to south west
R5 million seed capital
R2 million diamond drilling programme to determine SAMREC/JORC-compliantresource by September 2010
small-scale mining meantime: R2 million mobile scrubber plant;
R1 million for earthmoving equipment
Ideal early bird opportunity to assess lay of the land
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Zimbabwe, cont d
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Summary
Overall, a ood December uarter
production up
Rand gold price up
cash costs down
cash operating profit up
Bl voor trendin in the ri ht direction
Crown solid
Ergo trending encouraging
Looking ahead, more of the same
growing surface retreatment:
efficiencies and synergies
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stabilising Blyvoor
Zimbabwe: the next natural step?
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Investment case
Times economicall are still tou h
Gold is even better
We continue to optimise what we have
We continue to reduce our risk profile
manage our underground footprint for better outcomes
grow sur ace re-treatment ootpr nt
We continue to control costs
We continue to take a disciplined approach to growth
Our balance sheet remains strong
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Nil Pretorius, CEO
Livingstone, Zambia
4 7 February 2010