About DRDGOLD

DRDGOLD Limited (DRDGOLD) operates as a South African company that holds assets engaged in surface gold tailings retreatment, including exploration, extraction, processing, and smelting. The company is a subsidiary of Sibanye Gold Proprietary Limited. The company's surface tailings retreatment operations, including the requisite infrastructure and metallurgical processing plants, are located in South Africa. Its operating footprint is unique in that it involves some of the largest concentration of gold tailings deposits in the world, situated within the city boundaries of Johannesburg and its suburbs and the far west rand of the province of Gauteng. The company has arranged its operations into two wholly owned entities covering their East Rand (east of Johannesburg) and far West Rand (far west of Johannesburg) businesses. The East Rand operations are run by Ergo and the West Rand operations by FWGR. All of the company's operations are conducted in South Africa. The company's operations primarily consist of Ergo and FWGR. Ergo Ergo (Ergo Mining Proprietary Limited) is the surface tailings retreatment operation, which consists of what was historically the Crown Gold Recoveries Proprietary Limited (Crown), ERPM Cason Dump operation and the Ergo Gold business units. FWGR The company owns certain gold surface processing assets and tailing storage facilities that included Driefontein 3 and 5, Kloof 1, Venterspost North and South, Libanon, Driefontein 4, Driefontein 2 plant, Driefontein 3 plant, WRTRP pilot plant, and the land owned by Sibanye-Stillwater that was earmarked for the future development of a central processing plant, regional tailings storage facility and return water dam (together, the 'WRTRP Assets') associated with Sibanye-Stillwater's WRTRP, subsequently renamed FWGR. The company has arranged its operations into two wholly owned entities covering their East Rand (east of Johannesburg) and far WestRand (far west of Johannesburg) businesses. The East Rand operations are run by Ergo and the West Rand operations by FWGR. The company owns 100% of Ergo and 100% of FWGR. The company also owns 100% ERPM. The company has numerous Surface, Mining, and Prospecting Rights and ownership of the surface rights and mine dumps vests in various legal entities. Properties and location The Ergo plant is located on the east of the Johannesburg's central business district in the province of Gauteng on land owned by Ergo. The City Deep operation is located on the West Wits line within the Central Goldfields of the Witwatersrand Basin. The Knights operation is located at Stanley and Knights Road Germiston off the R29 Main Reef Road. FWGR's assets consists of the operational Driefontein 2 plant (DP2), Driefontein 3 plant (DP3), Driefontein 4 TSF (tailings storage facility) which is an active tailings deposition facility, pilot plant, which is a moveable LogiProc pilot plant established to test the processes, techniques and assumptions made in the definitive level design of the full scale retreatment of dumps. FWGR owns six tailings storage facilities on the West Rand between Roodepoort and Carletonville, approximately 70km South West of Johannesburg. There are an additional four TSFs which will be transferred from Sibanye-Stillwater to FWGR once no longer required by the existing operations. FWGR also owns land on which the Central Processing Plant (CPP) and Regional Tailings Storage Facility (RTSF) and the return water dam were originally planned to be built. Production Ergo For the year ended June 30, 2023, produces 126,382 ounces. FWGR For the year ended June 30, 2023, produces 43,435 ounces. Governmental Regulations The principal object of the Mine Health and Safety Act is to improve health and safety at South African mines, by inter alia, providing for effective monitoring of health and safety conditions and the enforcement of health and safety measures at the company's mines. The company monitors its uranium and radon emissions for compliance with all local laws and regulations pertaining to uranium and radon management and under the legislative exposure limits prescribed for workers and the public, under the Nuclear Energy Act, 1999 (as amended) and Regulations from the National Nuclear Regulator. The company's existing reporting and controls framework is consistent with the additional reporting and assessment requirements of the Mineral and Petroleum Resources Development Act (MPRDA). History The company was incorporated under the laws of the Republic of South Africa in 1895. The company was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.