6-K 1 drd_report.htm Page 1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 6-K
REPORT OF A FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For April 2005
Commission File Number 0-28800
______________________
DRDGOLD Limited
45 Empire Road
Parktown
Johannesburg, South Africa, 2193
(Address of principal executive offices)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F X Form 40-F __

Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.
Yes __ No X

If ''Yes'' is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): N/A
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This report on Form 6-K shall be deemed to be incorporated by reference into the
Registration Statement on Form F-3 (Registration No. 333-102800) and Registration
Statement on Form F-4 (Registration No. 333-121386) of DRDGOLD Limited (the
"Company") filed with the Securities and Exchange Commission on September 30, 2003
and December 17, 2004 respectively, and to be part thereof from the date on which this
report is filed, to the extent not superseded by documents or reports subsequently filed or
furnished.

Attached to the Registrant Form 6-K filing for the month of April 2005,
incorporated by reference herein:

Exhibit

99.1
Release dated April 21, 2005, entitled “Report on Activities for the Third Quarter Ended 31 March 2005”.
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3
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
DRDGOLD LIMITED

Date: April 21, 2005
By: /s/ Ian Murray
Name: Ian Murray
Title: Chief Financial Officer
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Report on activities for the third quarter ended
31 March 2005
D R D G O L D L I M I T E D
(Formerly Durban Roodepoort Deep, Limited)
2 0 0 5   F I N A N C I A L   Y E A R
(Incorporated in the Republic of South Africa) • Registration No.1895/000926/06
ARBN 086 277616 • JSE trading symbol: DRD • ISIN Code: ZAE 000058723
Issuer code: DUSM • Nasdaq trading symbol: DROOY • ASX trading symbol: DRD (“DRDGOLD”)
KEY RESULTS SUMMARY
Quarter
Quarter     9 months to
Quarter
Group
March 2005
Dec 2004
March 2005    March 2004
Attributable gold production (*)
Australasian operations
oz
79 334
87 751
244 472
73 014
kg
2 467
2 731
7 605
2 271
South African operations
oz
60 733
59 832
187 150
79 908
kg
1 889
1 861
5 821
2 485
Discontinued operations
oz
47 584
75 714
199 850
87 836
kg
1 480
2 355
6 216
2 732
Group
oz
187 651
223 297
631 472
240 758
kg
5 836
6 947
19 642
7 488
Gold price received
US$/oz
431
433                  423                  406
ZAR/kg
83 341
84 843
83 765
88 577
Capital expenditure
US$ million
1.3
6.5                13.8                   5.9
ZAR million
7.1
39.0                 85.0                39.9
* Attributable - Including Emperor Mines Limited (Emperor) (45.33%) and Crown Gold Recoveries (Pty) Limited (40%)
Group Results (Unaudited)
• Buffelsfontein liquidated following the loss of No. 5 Shaft
• Blyvoor production up 6%
• R180 million capital raising
KEY FEATURES
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2
STOCK
Issued capital
263 401 932 ordinary no par value shares
5 000 000 cumulative preference shares
Total ordinary no par value shares issued and committed: 307 968 956
Stock traded
JSE
ASX
NASDAQ
FRANKFURT
Avg. volume for the quarter per day (000)
263
20
3966
131
% of issued stock traded (annualized)
26
2
393
8
Price
– High
R9.10
A$2.10
US$1.57
Euro 1.18
– Low
R4.50
A$0.95
US$0.78
Euro 0.63
– Close
R6.15
A$1.20
US$0.92
Euro 0.72
SAFETY
Following a year in which the company distinguished itself with an outstanding safety performance, the quarter under review has
seen a disheartening deterioration, specifically at the South African operations. It is with deep regret that we record the deaths
of five employees in work-related incidents: four at the North West Operations and one at East Rand Proprietary Mines Limited
(ERPM). An enquiry into the deaths of two employees at the North West Operations in an underground transport-related
incident attributed the cause to deliberate non-compliance with safety policies and procedures.Two employees died in the
earthquake that struck the North West Operations on 9 March 2005, and the fatality at ERPM was similarly seismicity-
related.The exposure of our employees to seismicity risk was a factor in the decision to apply for the provisional liquidation of
Buffelsfontein Gold Mines Limited. A consequence of the fatalities during the quarter is a renewed focus on both behaviour-
based training and underground support standards. Encouragingly, investigations in the aftermath of a seismic event at
Blyvooruitzicht Gold Mining Company Limited’s (“Blyvoor”) No. 5 Shaft during February revealed underground support was up
to standard and the particular efficacy of the rapid-yielding hydraulic props that had been applied extensively.
PRODUCTION
Gold production for the quarter was 16% lower at 187 651 ounces (5 836 kilograms).This reflects a decline in gold production
at both the North West Operations in South Africa and at the Australasian operations of 37% and 10% respectively.The North
West Operations continued to experience a series of reversals during the quarter and the holding company, Buffelsfontein Gold Mines
Limited, was put into provisional liquidation on 22 March 2005. Continued, successful implementation of the new mining plan at
Blyvooruitzicht in South Africa, however, resulted in a 6% increase in gold production to 39 995 ounces (1 244 kilograms), thus
restoring the mine to breakeven.
COSTS
Ongoing cost improvements at Blyvoor are encouraging, restoring the mine to profitability. Higher world oil prices, however,
impacted negatively on costs at the Australasian operations.
FINANCIAL
Cash and cash equivalents increased to R145.8 million from R143.1 million in the previous quarter and the current ratio
improved to 1.12 from 0.84.
GOLD MARKET REVIEW
The average gold price received for the quarter, while virtually unchanged in US Dollar terms at US$431 per ounce (US$433),
was 2% lower in Rand terms at R83 341 per kilogram (R84 843) due to the sustained strength of the South African currency.
Consequently, all of the company’s South African operations faced continued Rand-driven revenue and cost pressures. Overall
volumes in the gold market have been flat globally, while lending rates available from Central Banks have reached historic lows,
a clear indication that hedging as an instrument has all but lost its lustre in the current environment. We are encouraged by
these facts and it provides further evidence in our continued belief in a higher gold price. We are also encouraged by the
decision last week of the South African Reserve Bank to lower interest rates by 50 basis points.The continued high interest rates
environment in South Africa has had a dramatically negative effect on the local currency and thus the export sector, which has
suffered under a strong Rand.
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3
CORPORATE DEVELOPMENTS
All efforts in the quarter under review have been directed at restoring the company as a whole – and its South African
operations in particular – to stability following a dismal, preceding six months. Undoubtedly, the most far-reaching development
was the provisional liquidation of Buffelsfontein Gold Mines Limited and the consequent discontinuation of mining at the North
West Operations. The effect of this was to immediately staunch the unsustainable drain on DRDGOLD’s resources, thus
providing a platform for recovery and future growth. Other measures taken to reach this stage have included a 30% reduction in
DRDGOLD’s corporate headcount, a 50% cut in corporate costs and the sale of the company’s Johannesburg corporate office.
During the quarter, DRDGOLD focused on its funding requirements:
• R38 million was received from Consolidated African Mines/JCI Limited in respect of an outstanding legal dispute; and
• a subscription agreement was entered into with Baker Steel Capital Managers LLP ("BSCM") on behalf of BSCM clients. In
terms of this, DRDGOLD will raise, in aggregate, R93.5 million through the issue of new, ordinary, no par value shares in the
stated capital of DRDGOLD to BSCM clients through a specific issue of shares for cash. (The securities offered to BSCM on
behalf of its clients have not been registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent an applicable exemption from registration requirements.
)
• an underwriting agreement to raise R86.9 million through the issue of new ordinary no par value shares in the stated capital
of DRDGOLD through a claw-back offer.
Australasian Operations
Quarter
Quarter
%
9 months to
Quarter
Porgera (20% of the Joint Venture)
March 2005
Dec 2004
Change
March 2005
March 2004
Ore milled
t'000
297
318                 (7)
903                   319
Yield
g/t
5.07
5.32                 (5)
5.20                  5.02
Gold produced
oz
48 406
54 417
(11)
150 985
51 505
kg
1 506
1 693
(11)
4 697
1 602
Capital expenditure
US$ m
0.9
4.2                  80
7.7                     3.4
ZAR m
5.0
25.5                  80                       47.9                   23.2
Gold production was 11% lower at 48 406 ounces (1 506 kilograms).This was due to a 7% decline in tonnage milled to
297 000 tons and a 5% decline in yield to 5.07 grams per ton.The lower output arose from a failure of the West wall, harder
ore to the mill and unscheduled downtime due to power line vandalism.
Quarter
Quarter
%
9 months to
Quarter
Tolukuma
March 2005
Dec 2004
Change
March 2005
March 2004
Ore milled
t'000
52
55                   (5)
159
50
Yield
g/t
11.27
10.85                                        11.25
13.38
Gold produced
oz
18 878
19 183
(2)
57 545
21 509
kg
586
597                   (2)
1
789                    669
Capital expenditure
US$ m
0.5
1.2                   57
2.9                     1.2
ZAR m
3.2
7.5                   57                      17.6                     8.2
Yield improved by 4% to 11.27 grams per ton but a 5% decline in ore milled to 52 000 tons resulted in a 2% decrease in gold
production to 18 878 ounces (586 kilograms).
Quarter
Quarter
%
9 months to
Quarter
Emperor (45.33% attributable)
March 2005
Dec 2004
Change
March 2005
March 2004
Ore milled
t'000
63
67                  (6)
168
-
Yield
g/t
5.95
6.58                (10)
6.66
-
Gold produced
oz
12 050
14 151
(15)
35 942
-
kg
375
441                 (15)
1
119
-
Gold production output from Emperor remained disappointing.
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South African Operations
Quarter
Quarter
%
9 months to
Quarter
Blyvooruitzicht
March 2005
Dec 2004
Change
March 2005
March 2004
Area mined m
2
000
36
32                  13
116                     38
Development
m
453
258                  76                     1
431                   849
Face length
m
1 234
1 268
(3)
1 419
2 121
Stoping width
cm
108
107                   1                         109                    107
Ore milled
Underground
t'000
140
129                   9                         449                    209
Surface
t'000
780
768                   2                      1
125                    750
Total
t'000
920
897                   3                     2
574                    959
Yield
Underground
g/t
7.36
7.49                 (2)
7.15                    7.09
Surface
g/t
0.27
0.27                  2                         0.25                    0.39
Total
g/t
1.35
1.31                  3                         1.46                    1.85
Gold produced
Underground
oz
33 115
31 057
7
103 203
47 615
kg
1 030
966
7
3 210
1 481
Surface
oz
6 880
6 623
4
17 361
9 324
kg
214
206                     4                      540                     290
Total
oz
39 995
37 680
6
120 564
56 939
kg
1 244
1 172
6
3 750
1 771
Capital expenditure
US$ m
(0.1)
(0.3)
(68)
(0.2)
0.8
ZAR m
(0.6)
(1.9)
(68)
(1.0)
5.8
Overall gold production increased by 6% to 39 995 ounces (1 244 kilograms) quarter on quarter, reflecting increases in tonnage
from both underground and surface sources.
Productivity, in terms of grams per total employee costed (g/tec) rose by 6% to 124.75 g/tec. Improved temperature control
from the installation of underground spray chambers on both the western and eastern sides of No. 5 Shaft are expected to
contribute towards further productivity improvement, as is a campaign – based on more coaching, communication and controls
– to increase face advance per blast.
Continued application of the new mining plan, with a focus on No. 5 and No. 6 Shafts, resulted in a 13% increase in area mined
to 36 000 m
2
and a substantial, 76% increase in development to 453 m. A six-month assessment is currently under way to
determine the viability of re-establishing mining operations from the No. 2 Shaft sub-shaft, at an estimated capital cost of
R50 million (US$8.0 million). If viable, this project could restore Blyvooruitzicht’s life of mine (LOM) to 20 years.
A 9% increase in underground tonnage to 140 000 tonnes more than compensated for a slight decrease in underground yield
to 7.36 grams per ton (g/t) (7.49g/t), resulting from the opening up of lower grade areas on the western side of No. 5 Shaft.
Consequently, underground gold production rose by 7% to 33 115 ounces (1 030 kilograms).
A mine call factor (MCF) strategy applied underground during the quarter involved tighter water management, the upgrading of
mud settlers, and increased sweeping and vamping, with consequent improvements in efficiencies. Plans are in place to eliminate
spillages and other inefficiencies in the plant.
Surface tonnage increased by 2% to 780 000 tonnes, reflecting continued improvement in throughput from the Slimes
Dam Project.
While heavy rains impacted negatively on the project throughout the quarter, a sustained drive to identify and address faults
timeously, together with pipe layout changes to eliminate bottlenecks, led to record throughput of 260 000 tonnes during March,
some 20 000 tonnes above designed capacity. Surface yield was maintained at 0.27 g/t but the increase in tonnage led to a 4%
rise in gold production to 6 880 ounces (214 kilograms).
A project is under way to determine the potential for increasing throughput from the Slimes Dam Project by 33% from 240 000
tonnes per month to 320 000 tonnes at an estimated capital cost of R7 million (US$1.1 million).
4
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Quarter
Quarter
%
9 months to
Quarter
Crown (40% attributable)
March 2005
Dec 2004
Change
March 2005
March 2004
Ore milled
t'000
841
894
(6)
2 648
1 024
Yield
g/t
0.39
0.40                  (3)
0.41                   0.38
Gold produced
oz
10 643
11 613
(8)
34 538
12 629
kg
331
361                  (8)
1
074                    393
Gold production was 8% lower at 10 643 oz (331 kg), reflecting a 6% drop in tonnage to 841 000 tonnes.Yield was virtually
unchanged at 0.39 g/t.
The lower throughput was due mainly to the impact of heavy rains on reclamation operations generally and more specifically to
both pipeline failures at the Crown plant and to short-term difficulties arising from the high incidence of rock encountered at
the Crown Mines reclamation site.
A pipeline replacement programme is in place and the Crown plant is expected to benefit both from better reclamation
conditions and improved grade from a new reclamation site at Consolidated Main Reef (CMR) (2/A/1) to be commissioned in
May and another at 3L17 which was commissioned at the end of March.
Crown’s City Deep and Knights plants both recorded steady-state performances in the quarter under review.
Quarter
Quarter
%
9 months to
Quarter
ERPM (40% attributable)
March 2005
Dec 2004
Change
March 2005
March 2004
Area mined m
2 *
000
16
16                     -                          57                      30
Development
*
m
253
108                 134
435                     363
Face length
*
m
694
683                     2                       716
1
189
Stoping width
*
cm
126
133                   (5)
129                     125
Ore milled
Underground
t'000
30
35                 (14)
112
57
Surface
t'000
197
210                   (6)
559
-
Total
t'000
227
245                   (7)
671
57
Yield
Underground
g/t
7.61
7.27                     5                       7.11                   5.62
Surface
g/t
0.42
0.36                   17                       0.36
-
Total
g/t
1.38
1.34                     3                       1.49                   5.62
Gold produced
Underground
oz
7 433
8 032
(7)
  25 592
10 340
kg
231
250                  (7)
796                     321
Surface
oz
2 662
2 507
6
6 456
-
kg
83
78                     6                         201
-
Total
oz
10 095
10 539
(4)
32 048
10 340
kg
314
328                  (4)
997                    321
*
Represents total mine
Overall gold production was 4% lower at 10 095 oz (314 kg). Gold production from underground was 7% lower at 7 433 oz
(231 kg), reflecting a 14% drop in tonnage to 30 000 tonnes due to technical problems on both the rock hoist and the decline
belt between 70 and 74 levels at Far East Vertical (FEV) Shaft.These problems are being addressed. Underground yield improved
by 5%, assisted by an increased focus on sweepings.
While area mined was maintained at 16 000 m
2
, development increased by more than 134% to 253 m.
Gold production from the Cason surface retreatment project rose by 6% to 2 662 oz (83 kg) due to a 17% improvement in
yield to 0.42 g/t.Tonnage was 6% lower as a consequence of a plant breakdown and delays in sourcing spares from overseas.
The first phase of a three-phase plugging project to isolate the FEV shaft from the rest of the mine’s underground operations is
progressing, on budget and on schedule. Application to the Department of Minerals and Energy (DME) both for a grant of R8.4
million for phase two of the project, and a pumping subsidy of R1.3 million a month in fiscal 2006 have been approved.
Underground salvaging and reclamation at the mine’s Central and Hercules Shafts is 90% completed. Some 30% of the
proceeds of scrap approved for sale by the DME have been directed to the rehabilitation fund. Central Shaft will be placed on
care and maintenance and Hercules Shaft closed permanently during the current quarter.
5
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6
Discontinued Operations
North West (Hartebeestfontein and
Quarter
Quarter
%
9 months to
Quarter
Buffelsfontein mines)
March 2005
Dec 2004
Change
March 2005
March 2004
Area mined m
2
000
70
81                (14)
243
81
Development
m
7 366
10 442
(29)
26 148
11 240
Face length
m
2 404
2 871
(16)
2 759
2 834
Stoping width
cm
120
121                  (1)
120                    125
Ore milled
Underground
t'000
246
344                 (28)
986
403
Surface
t'000
320
394                 (19)
884
31
Total
t'000
566
738                 (23)
1
870
434
Yield
Underground
g/t
4.68
5.87                 (20)
5.44                   6.20
Surface
g/t
1.03
0.85                   21                     0.96                    7.58
Total
g/t
2.61
3.19                (18)
3.32                    6.29
Gold produced
Underground
oz
37 006
64 944
(43)
172 522
80 280
kg
1 151
2 020
(43)
5 366
2 497
Surface
oz
10 578
10 770
(2)
27 328
7 556
kg
329
335                  (2)
850                    235
Total
oz
47 584
75 714
(37)
199 850
87 836
kg
1 480
2 355
(37)
6 216
2 732
Capital expenditure
US$ m
(0.1)
1.3                109
3.3
0.4
ZAR m
(0.7)
7.9                 109
20.3
2.8
As has been previously reported, Buffelsfontein Gold Mines Limited, a wholly owned subsidiary of DRDGOLD and operator of
the Buffelsfontein and Hartebeestfontein mines – better known as the North West Operations of DRDGOLD – went into
provisional liquidation on 22 March 2005.
All operations, other than essential services, were discontinued from that date to the end of the March quarter. Consequently,
the results of the quarter under review are not directly comparable with those of the previous quarter. The North West
Operations are now under the jurisdiction of three liquidators appointed by the High Court.
The North West Operations’ net loss of R279 million for the six months ended 31 December 2004 was compounded by the
collective negative impact of a series of events during the quarter under review that prompted the Board of Directors’ decision
to pursue liquidation:
•  on 19 January 2005, an underground fire at No. 10 Shaft was detected. Although the fire was brought under control and
sealed off, the resultant loss of production was estimated at 18 800 tonnes.
•  on 21 January 2005, a seismic event of magnitude 2.8 occurred at No. 2 Shaft, incurring substantial damage to working places
and other infrastructure. Operations were adversely affected for a period of six weeks and the estimated production loss was
15 840 tonnes.
•  on 4 March, two fatalities occurred underground at No. 10 Shaft. Management stopped production for four days in order to
conduct a full risk assessment and safety review.The estimated production loss was 2 000 tonnes. A subsequent enquiry into
the cause of the fatalities revealed deliberate non-compliance with safety procedures by certain employees.
•  on 9 March, an earthquake of magnitude 5.3 stopped operations at all of the North West Operations’ eight shafts for two full
shifts, resulting in a production loss estimated at 3 000 tonnes. A decision to discontinue production from No. 5 Shaft, which
was damaged beyond repair, resulted in a further loss of production, estimated at 4 050 tonnes.
The total estimated loss of production from these events was 43 690 tonnes. Estimated gold production lost – based on an
average yield of 5.2 g/t – was 227 kg, worth some R18.7 million at an average gold price received of R82 376 per kilogram.
CASH OPERATING COSTS
Cash operating costs per ounce are non-US GAAP financial measures that should not be considered by investors in isolation or
as alternatives to production costs. While the Gold Institute has provided definitions for the calculation of cash operating costs,
the calculation of cash costs per ounce may vary significantly among gold mining companies, and these definitions by themselves
do not necessarily provide a basis for comparison with other gold mining companies.
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However, we believe that cash operating costs per ounce are useful indicators to investors and management of an individual
mine’s performance and of the performance of our operations as a whole as they provide:
•  an indication of a mine’s profitability and efficiency;
•  the trend in costs;
•  a measure of a mine’s margin per ounce, by comparison of the cash operating costs per ounce by mine to the price
of gold; and
•  a benchmark of performance to allow for comparison against other mines and mining companies.
A reconciliation of cash operating costs to production costs for the three months ended March 31, 2005; December, 31 2004;
and nine months ended March, 31 2005, is presented below.
For the three months ending
Continued
Discontinued
March, 31 2005
Blyvoor
Tolukuma
Porgera
operations
operations
Group
Cash operating costs
US$ 000
16 888
6 066
9 240
32 194
32 562
64 756
Adjust for:
Revenue from byproducts
US$ 000
-
(309)
(2 667)
(2 976)
-
(2 976)
Other non operating cash costs
US$ 000
148
835
751
1 734
683
2 417
Production costs
US$ 000
17 036
6 592
7 324
30 952
33 245
64 197
Cash operating costs
US$/oz
422
321
191
312
684
418
Associates
Emperor
Crown
ERPM
Cash operating costs
US$/oz
471
428
462
For the three months ending
Continued
Discontinued
December, 31 2004
Blyvoor
Tolukuma
Porgera
operations
operations
Group
Cash operating costs
US$ 000
17 127
6 128
8 711
31 966
34 868
66 834
Adjust for:
Revenue from byproducts
US$ 000
(27)
(325)
(107)
(459)
-
(459)
Other non operating cash costs
US$ 000
150
578
844
1 572
1 122
2 694
Production costs
US$ 000
17 250
6 381
9 448
33 079
35 990
69 069
Cash operating costs
US$/oz
455
319
160
305
461
357
For the nine months ending
Continued
Discontinued
March, 31 2005
Blyvoor
Tolukuma
Porgera
operations
operations
Group
Cash operating costs
US$ 000
57 091
18 683
26 346
102 120
102 543 204 663
Adjust for:
Revenue from byproducts
US$ 000
(46)
(866)
(2 774)
(3 686)
(15)
(3 701)
Other non operating cash costs
US$ 000
481
1 988
2 277
4 746
2,924
7 670
Production costs
US$ 000
57 526
19 805
25 849
103 180
105 452     208 632
Cash operating costs
US$/oz
474
325
174
328
513
387
7
Associates
Emperor
Crown
ERPM
Cash operating costs
US$/oz
419
398
423
Associates
Emperor
Crown
ERPM
Cash operating costs
US$/oz
404
394
428
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8
For the three months ending
Continued
Discontinued
March, 31 2005
Blyvoor
Tolukuma
Porgera
operations
operations
Group
Cash operating costs
ZAR 000
101 518
36 569
55 832
193 919
196 185    390 104
Adjust for:
Revenue from byproducts
ZAR 000
-
(1 868)
(16 409)
(18 277)
-   (18 277)
Other non operating cash costs
ZAR 000
894
5 072
4 533
10 499
4 072
14 571
Production costs
ZAR 000
102 412
39 773
43 956
186 141
200 257    386 398
Cash operating costs
ZAR/kg
81 606
62 404
37 073
60 404
132 557
81 002
Associates
Emperor
Crown
ERPM
Cash operating costs
ZAR/kg
91 111
82 723
89 408
For the three months ending
Continued
Discontinued
December, 31 2004
Blyvoor
Tolukuma
Porgera
operations
operations
Group
Cash operating costs
ZAR 000
102 574
36 998
52 736
192 308
210 837     403 145
Adjust for:
Revenue from byproducts
ZAR 000
(161)
(1 983)
(662)
(2 806)
-
(2 806)
Other non operating cash costs
ZAR 000
900
3 497
5 128
9 525
6 790
16 315
Production costs
ZAR 000
103 313
38 512
57 202
199 027
217 627     416 654
Cash operating costs
ZAR/kg
87 520
61 973
31 149
58 774
89 527
69 305
For the nine months ending
Continued Discontinued
31 March 2005
Blyvoor
Tolukuma
Porgera
operations
operations
Group
Cash operating costs
ZAR 000
351 377
114 986
162 147
628 510
631 112
1 259 622
Adjust for:
Revenue from byproducts
ZAR 000
(286)
(5 331)
(17 071)
(22 688)
(95)
(22 783)
Other non operating cash costs
ZAR 000
2 962
12 238
14 015
29 215
18 000
47 215
Production costs
ZAR 000
354 053
121 893
159 091
635 037
649 017
1 284 054
Cash operating costs
ZAR/kg
93 701
64 274
34 521
64 828
101 530
76 563
EXPLORATION - TOLUKUMA
ML104 EXPLORATION
120/Zine North Extension
The Zine structure intersected in drill holes and continues down dip and along strike. Grades, however, are consistently low with
highest being 13.0 grams per ton Au over 1.1 metres. Drilling has been put on hold.
Hole No
From depth(m)
To Depth(m)
True Width(m)
Au (g/t)
Ag (g/t)
120/ZN_001
94.3
106.5
5.7
6.1
4.0
120/ZN_002
127.7
139.1
7.9
3.2
1.0
120/ZN_003
102.4
103.7
1.1
13.0
7.0
120/ZN_004
100.8
108.9
5.9
1.5
12.0
120/ZN_005
121.2
125.7
2.6
0.4
3.0
Associates
Emperor
Crown
ERPM
Cash operating costs
ZAR/kg
81 925
77 628
82 721
Associates
Emperor
Crown
ERPM
Cash operating costs
ZAR/kg
79 752
77 951
84 595
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9
Tinabar and Tolukuma Northern Extension
Drilling of the Tinabar and Tolukuma structures are at their convergence north of the current underground workings. Structure
up to 8 metres wide, but grades are less than 1.0 grams per ton Au. Best grade was 1.9 metres at 2.2 grams per ton Au and
included a 0.7 metres interval at 5.5 grams per ton Au.
Hole No
From depth(m)
To Depth(m)
True Width(m)
Au (g/t)
Ag (g/t)
TTEX 005
189.7
193.6
1.8
1.1
5.0
TTEX 006
325.2
335.6
10.0
<1.0
-
Gulbadi Southern Extension - Surface
Drilling was targeted at the southern extension of the Gulbadi vein with the best intersection of 61.0 grams per ton Au and
included 0.5 metres at 77.3 grams per ton Au.
Hole No
From depth(m)
To Depth(m)
True Width(m)
Au (g/t)
Ag (g/t)
DG 007
37.7
39.7
1.5
16.0
41.0
DG 008
60.5
62.5
1.0
61.0
197.0
DG 012
44.8
46.9
0.9
3.2
8.5
DG 013
50.1
51.4
0.9
7.3
-
Underground LMA90 drilling
During the quarter a total of 3 218.4 metres was drilled from 15 holes. Structures are very encouraging with specks of visible
gold in the drill core.
Assay results with grades > 10 grams per ton of gold are presented below.
Hole No
From depth(m)
True Width(m)
Au (g/t)
Includes
TU035
180.4
1.8
60.1
0.9 m @ 117.4 g/t Au
TU039
144.2
1.8
10.9
0.9 m @ 19.6 g/t Au
TU040
173.6
1.9
52.3
0.6 m @ 148.7 g/t Au
TU043
183.5
1.7
34.3
0.5 m @ 115.0 g/t Au
TU047
202.0
2.1
18.3
0.9 m @ 63.3 g/t Au
BOARD CHANGES
Mr Ian Murray has resumed the role of Chief Financial Officer to DRDGOLD with effect from 8 March 2005, while continuing
with his corporate development duties.
Ms Andrea Townsend has resigned as the Group Company Secretary to DRDGOLD with effect from 31 March 2005.
DRDGOLD’s Assistant Legal Advisor, Mr Themba John Gwebu, has been appointed the Group Company Secretary with effect
from 1 April 2005. Mr Gwebu, a former Magistrate, holds a B.Juris degree from the University of the North West, an LLB and a
Masters Degree in Law from The University of South Africa and a Diploma in Corporate Law from Rand Afrikaans University.
Mr Anton Lubbe has resigned as an alternate director from the board of directors of DRDGOLD.
THIS REPORT DOES NOT CONSTITUTE AN OFFER OF SECURITIES
DR PASEKA NCHOLO
Non-executive Chairman
MARK WELLESLEY-WOOD
Chief Executive Officer
21 April 2005
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10
INVESTOR INFORMATION
AT 21 MARCH 2005
DIRECTORS
(* British) (** Australian) (*** American)
Independent non-executives:
D Blackmur **
GC Campbell *
Executives:
RP Hume
MM Wellesley-Wood (Chief Executive Officer) *
IL Murray (Chief Financial Officer)
Non-executives
Group Company Secretary:
MP Ncholo (Non-executive Chairman)
TJ Gwebu
J Turk ***
INVESTOR RELATIONS
For further information, contact Ilja Graulich at:
Tel: (+27-11) 381-7800 • Fax: (+27-11) 482-4641 • e-mail: ilja.graulich@za.drdgold.com • website: http://www.drdgold.com
45 Empire Road, Parktown, South Africa • PO Box 390, Maraisburg, 1700, South Africa
D R D G O L D    L I M I T E D