DGR Global obtains successful Court of Appeal decision setting aside orders requiring DGR to pay security for costs

About this update from Dgr Global Limited

In December 2023 , DGR Global Ltd (DGR) commenced legal proceedings in the Supreme Court of Queensland in relation to the administration and receivership of the Armour Group (Proceeding). DGR refers to its previous Quarterly Reports, Half Yearly and Annual Reports advising on the Proceedings. As set out below, DGR has been successful in obtaining a decision from the Court of Appeal that sets aside a decision of the Supreme Court requiring DGR to provide $3,460,000 in security for the defendants' costs of the Proceeding. In December 2024 , the defendants filed various applications for security for costs seeking orders that DGR pay security for the defendants' costs on the alleged basis that there was reason to believe that if DGR is ultimately unsuccessful in the Proceeding it would be unable to pay an adverse costs order when it likely falls due (Security for Costs Applications). On 15 January 2025 , the Supreme Court ordered DGR to provide $3,460,000 as security for costs of the Proceedings by 4pm on Friday 14 March 2025 in a form acceptable to the Registrar (Security for Costs Decision). On 10 February 2025 , DGR filed a notice of appeal with respect to the Security for Costs Decision. On 18 February 2025 , the Supreme Court vacated April and May trial dates because of the appeal. The Proceeding has been stayed since this date. Today, the Court of Appeal unanimously decided to allow DGR's appeal and set aside the Security for Costs Decision. DGR was also awarded its costs of the Security for Costs Applications and the appeal. In summary, the Court of Appeal concluded that there was no reason to believe that DGR will be unable to pay the defendants costs if ordered to pay them and the defendants' inordinate delay in making the Security for Costs Applications warranted their refusal. This ASX Announcement was authorised by the DGR Board of Directors Geoff Walker Company Secretary ABOUT DGR GLOBAL LIMITED DGR Global's business involves the creation of resource exploration development and mining companies. The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities. This is achieved through: The identification of commodities with a favourable 20-year price outlook.t Geological terranes with: A demonstrated strong endowment for that commodity. An under-explored history. Opportunity for the application of recently developed exploration techniques. Jurisdictions with improving socio-economic and regulatory frameworks. Extensive available tenures. DGR provides initial seed funding and management support to secure assets in subsidiaries and develop these assets to more advanced funding stages. DGR has a pipeline of projects in group companies at various stages of emergence, and in 2015 crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million . Contact: Email: [email protected] Web: www.dgrglobal.com.au FORWARD LOOKING STATEMENT Statements & material contained in this ASX Release, particularly those regarding possible or assumed future performance, production levels or rates, commodity prices, resources or potential growth of DGR, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events & expectations and, as such, involve known and unknown risks & uncertainties. Although reasonable care has been taken to ensure facts stated in this Release are accurate and/or that the opinions expressed are fair & reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. Actual results & developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. Nothing in this Release should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction. As a valued shareholder, you can now stay up to date of forces influencing the value of your investment in DGR Global by following us on Twitter. We regularly post information about the operations of us and the DGR companies as well as what is happening in our sectors around Australia and around the world - with links to documents in the media, brokers, and other authoritative sources so you can stay up to date. As well, our posts on Twitter will alert you to our latest ASX announcements. Join the hundreds who follow us on Twitter @DGRGlobal. We've also added to our website a corporate newsroom with monthly news flow concerning DGR and the DGR sponsored companies. Located under News Bank in the investor section of the DGR website: www.dgrglobal.com.au (C) 2025 Electronic News Publishing, source ENP Newswire

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