Drdgold Ltd. · JSE:DRD
Drdgold — Mining Forum Europe 2026
25 slides from Drdgold's conference presentation, Apr 15, 2026
Slide 1: Mining Forum Europe
Mining Forum Europe 13 – 15 April 2026 Niël Pretorius Jaco Schoeman Chief Executive Officer Chief Operating Officer
Slide 2: Disclaimer
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 genera
Slide 3: About DRDGOLD
JSE and NYSE About listed gold producer DRDGOLD USD 2.68 billion market capitalisation (as at 8 April 2026) 19 years New York of uninterrupted dividend declaration Two operations located on world- renowned Wits Basin – Ergo and Far West Gold Recoveries (FWGR) South-Africa-based gold producer through
Slide 4: Operational and financial resilience
Operational and financial resilience H1 2026 l H1 2025 -9% Debt-free: +33% +72% Production clean balance sheet with Revenue Operating profit strong cash position 75 136 oz USD 291.1 m USD 156.3 m 2025: 82 434 oz 2025: USD 211.9 m 2025: USD 88 m Disciplined capital R5 053.2 m R2 712.8 m +17 % allocat
Slide 5: Maximising shareholder return
Maximising shareholder return 19 consecutive years of dividends. Zero debt. Capital deployed with purpose. 19 years Zero debt +200% 50 SA cents of uninterrupted clean balance sheet Share price growth in the past year Declared for the 6 months ended dividend declaration with R1.7bn cash 31 December 2
Slide 6: Our operating profile
Our operating profile 6.62Moz mineral resources , 5.73Moz mineral reserve across two long-life operating footprints At Far West Gold Recoveries (16 years) At Ergo (22 years) 2.61 Moz mineral resource 4.01 Moz mineral resource 2.13 Moz mineral reserve 3.60 Moz mineral reserve 7
Slide 7: Our operational model: efficiency at scale
Our operational model: efficiency at scale Low grade resource means economies of scale necessary High-pressure hydro-mechanical reclamation High plant extraction efficiencies 24/7 operations Unique to us: rehabilitation is concurrrent 8
Slide 8: Guided by a clear strategy
Guided by a clear strategy OUR GOALS: Our strategy is driven by • Operational efficiency and long-term • Leave no value behind asset optimisation and profitability • Embed resilience sustainable development • Effective capital allocation • Add quality to life Short-term Medium-term Long-term CORE CO
Slide 9: Underpinned by our sustainability model
Underpinned by our sustainability model Sustainability is our business model, maximising resource value responsibly and returning value to nature and the communities OBJECTIVE OUTCOME Lower cost, lower High-volume, low-cost hydro reclamation of decades-old mine waste to produce gold; safer than unde
Slide 10: Vision 2028 underway
Vision 2028 underway Our Big 5: Capital projects on target for delivery 1 2 3 4 5 Pipeline linking Ergo Plant Re-commissioning Expansion of Construction of Regional Construction of to Daggafontein TSF to of Withok TSF DP2 plant Tailings Storage pipeline linking DP2 resume deposition on Facility (RTS
Slide 11: Ergo projects update
Ergo projects update Daggafontein pipeline nearing completion Daggafontein TSF Work in progress includes: • Nearing completion on 21km dual pipeline (slurry and return water) construction • Project is on schedule and budget Completion expected Q1 FY2027 • 120Mt deposition capacity • 500 000tpm depos
Slide 12: FWGR's project update
FWGR’s project update DP2 Plant Expansion • Smelt house completion expected during Q1 FY2027 • 81% Overall completion • Completion expected Q1 FY2027 Smelt house construction is 135km pipeline on track • 104km (77%) completed to date RTSF • Lining: 1.2 million m 2 installed to date (Target: 3.4 mill
Slide 13: FWGR RTSF
FWGR RTSF RTSF construction is progressing well despite summer rain delays June 2025 January 2026 14
Slide 14: DP2 Plant Expansion
DP2 Plant Expansion Throughout capacity doubles to 1.2Mtpm 15
Slide 15: Economics of tailings retreatment
Economics of tailings retreatment Transforming environmental liabilities into cash generating assets Historic gold mining across the Witwatersrand created large tailings storage facilities containing recoverable gold. DRDGOLD's model unlocks this latent value. High geological and resource risk ECO N
Slide 16: Robust investment case for long-term return & sustainability
Robust investment case for long-term return & sustainability Outlook FY2026 Guidance to achieve gold production of between 140 000oz and Low risk 150 000oz at cash operating Strong record of – highly mechanised on- Proven technology cost of R995 000/kg dividend payments surface operations and expert
Slide 17: Contact us
Contact us Niël Pretorius Investor and Registered office Shareholder data Chief Executive Officer media relations Constantia Office Park (Incorporated in the Email: Cnr 14th Avenue and Republic of South Africa) Henriette Hooijer DRDGOLD_Communications Hendrik Potgieter Road Registration No. Chief Fi
Slide 18: Appendix
Appendix Mle | ior Growte DRDGOLD SUSTAINABLY GOLD LIMITED | =
Slide 19: How we are structured
How we are structured • SouthAfrica’s oldest continuously listed 22.5% 50.1% mining company still in operation, 0.1% established in 1895 • Listed on the Johannesburg Stock Sibanye Gold Prop Limited Exchange (JSE) and the New York Stock JP Morgan Chase Bank (ADRs) Exchange (NYSE) GEPF • Market cap: 1
Slide 20: Group operating trends
TN Positioning for Growth DRD SUSTAINABLY GOLD SUSTAINABLY GOLD LIMITED restore | Volume (000t) Yield (g/t) Production (kg) 0.199 13.000 129i6 12697 0.200 on78 0.188 2700 2564 12 456 0.150 2.400 2 2337 12.000 2266 0.100 2.100 11000 0.050 1.800 10 000 0.000 1500 HY1 FY2025 Hy2 FY2025, HY1 FY2026 HYT
Slide 21: Group financial trends
60.0 50.0 40.0 30.0 900.0 600.0 300.0 0.0 Positioning for Growth SUSTAINABLY GOLD 7 DRD LIMITED Operating margin (%) All-in sustaining costs margin (%) 50 48.3 53.7 42.3 477 40 35.0 AS 30 20 10 HY1 FY2025, HY2 FY2025 HY1 FY2026 HY1 FY2025 HY2 FY2025 HY1 FY2026, Free cash flow (Rm) HEPS (cents per sh
Slide 22: Financial review: Statement of profit and loss
Financial review: Statement of profit and loss For the six months ended 31 December 2025 Six months ended 31 December 2025 Six months ended 31 December 2024 Rm USDm Rm USDm Revenue 5 053.2 291.08 3 802.3 211.95 Cost of sales (2 591.4) (149.27) (2 490.4) (138.82) Gross profit from operating activitie
Slide 23: Financial review: Statement of financial position
Financial review: Statement of financial position As at 31 December 2025 As at 31 December 2025 As at 30 June 2025 As at 31 December 2024 Rm USDm Rm USDm Rm USDm Property, plant and equipment 10 027.2 605.42 8 542.2 481.39 7 468.5 396.19 Non-current investments and other assets 1 600.8 96.65 1 382.0
Slide 24: Financial review: Statement of cash flows
Financial review: Statement of cash flows For the six months ended 31 December 2025 Six months ended 31 December 2025 Six months ended 31 December 2024 Rm USDm Rm USDm Net cash inflow from operating activities 2 309.1 133.01 1 283.0 71.52 Cash generated from operations 2 498.0 143.89 1 205.6 67.20 F
Slide 25: Mineral Resources and Mineral Reserves
Mineral Resources and Mineral Reserves Tonnes Grade Au Au ounces Mineral Resources reconciliation Mt g/t Moz Mineral Resources at 30 June 2025 685.30 0.28 6.27 Addition of Kloof 2 Dump 67.28 0.22 0.48 Depletion of Mineral Resources (12.16) 0.35 (0.13) Survey adjustments 0.72 0.34 0.01 Mineral Resour