Page 1

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 February 2006

Commission File Number 0-28800

______________________

DRDGOLD Limited

EBSCO House 4

299 Pendoring Avenue

Blackheath

Randburg, South Africa, 2195

(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

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

If ''Yes'' is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): N/A

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part thereof from the date on which this report is filed, to the extent not superseded by documents or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 February 2006, incorporated
by reference herein:

Exhibit

99.1

Release dated 23 February 2006, entitled “REPORT TO SHAREHOLDERS FOR THE SIX
MONTHS ENDED 31 DECEMBER 2005”

99.2

Release dated 23 February 2006; entitled. “DRDGOLD GRANTED PROSPECTING RIGHTS

FOR TWO NEW MAJOR PROJECTS”

99.3

Release dated 23 February 2006; entitled. “GROUP NET OPERATING PROFIT UP 6% CASH

COSTS HELD STEADY”

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: February 23, 2006

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

Exhibit 99.1

Report to shareholders for the six months ended

31 December 2005

DRD GOLD LIMITED

2006 FINANCIAL YEAR

(Incorporated in the Republic of South Africa) • Registration No.1895/000926/06
ARBN 086 277616 • JSE trading symbol: DRD • ISIN Code: ZAE 000058723
Issue code: DUSM • NASDAQ trading symbol: DROOY • ASX trading symbol: DRD (“DRDGOLD”
or “The Company”)

KEY RESULTS SUMMARY

6 months to

6 months to

Group

31 Dec 2005

30 Jun 2005

31 Dec 2004

(*Restated)

Attributable gold production**

Australasian operations

126 770

151 996

165 138

3 945

4 726

5 138

South African operations

139 117

125 485

126 417

4 327

3 903

3 932

Discontinued operations

47 584

152 266

1 480

4 736

Group

265 887

325 065

443 821

8 272

10 109

13 806

Cash operating costs

Australasian operations

US$/oz

323

254 206

ZAR/kg

67 891

50 889

41 103

South African operations

US$/oz

430

391

488

ZAR/kg

90 410

78 356

97 522

Discontinued operations

US$/oz

665

459

ZAR/kg

133 275

91 814

Group

US$/oz

375

372

ZAR/kg

78 756

74 618

74 256

Gold price received (Group)

US$/oz

467

428

420

ZAR/kg

98 131

85 771

83 941

Capital expenditure (Net Group)

US$ million

17.6

11.5

13.4

ZAR million

114.5

71.4

83.4

* Figures restated where applicable to effect the transition from South African Statements of Generally Accepted Accounting Practice (“SA GAAP”) to International Financial Reporting Standards (“IFRS”).

** Attributable – Including Emperor Mines Limited ("Emperor") 39.52% from 5 December 2005 (previously 45.33%); Crown Gold Recoveries (Pty) Limited ("CGR") and East Rand Proprietary Mines Limited (“ERPM”) 100% from 1 December 2005 (previously 40%)

Group Results (Unaudited)

• Emperor consolidation approved by shareholders

• SA Mining Charter equity compliance attained through KBH transaction

• Group cash operating costs steady at US$375/oz

• Net operating profit up 6%

• Cash margin of 16%

• Argonaut, Sallies new order prospecting rights granted: 11Moz resource potential

KEY FEATURES

FORWARD-LOOKING STATEMENTS

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 general economic conditions in the markets we serve, a drop in the gold price, a continuing strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses or other governmental approvals, changes in DRDGOLD's competitive position, changes in business strategy, any major disruption in production at key facilities or adverse changes in foreign exchange 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
2005, which we filed with the United States Securities and Exchange
Commission on 15 December 2005 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.

OVERVIEW

Dear shareholder

Safety
We report, with deep regret, that three employees died in work-related
incidents during the six months under review.This compares with eight in the
previous six months. Enoque Matues Mapossa died in a fall of ground at
Blyvooruitzicht Gold Mining Company Limited ("Blyvoor") on 28 September
2005 and Sharveen Prasad and Sireli Mansawa in separate falls of ground at
Emperor on 18 November 2005 and 16 December 2005 respectively.

There was an improvement in Emperor’s safety record for the six months under review, compared with the preceding half-year.The Disabling Injury Frequency Rate (“DIFR”)decreased from 8.12 to 6.81 and the Lost Time Injury Frequency Rate (“LTIFR”) from 3.73 to 1.63. A full board of inquiry involving the Fijian Department of Mineral Resources has been conducted into the fatalities that occurred and remedial measures have been implemented.

Tolukuma Mines Limited (“Tolukuma”) continued an outstanding safety record
with no lost time incidents for the six months under review.The LTIFR reduced
from 0.85 in the six months to June 2005 and to 0.00 in the six months to
31 December 2005.

At the South African operations – Blyvoor, ERPM and CGR – the significantly fewer fatalities and dressing station cases during the six months are enormously encouraging, but deteriorations at all three with respect to the LTIFR and the Serious Injury Frequency Rate ("SIFR"), indicate there can be no relenting in the efforts to improve safety.

Gold market
Gold continued its phenomenal run from early to mid-September 2005 when
the bond between US dollar gold price movements and the US dollar/rand
exchange rate was broken. In spite of the dollar remaining relatively strong
against major currencies such as the euro, the pound and the yen, gold in US dollar terms moved upwards.

This had a significant effect on the gold price in Rand/kg terms: it averaged just under R92 000/kg for the September quarter and almost R101 500/kg for the December quarter.The increase was driven mainly by the higher US dollar gold price, which came in at $439/oz in the three months to end-September 2005, and $486/oz for the three months to end-December 2005.This gave an average for the first half of DRDGOLD’s current financial year of $467/oz or just over R98 000/kg.

So what is driving this gold market? For the past two years, we have been
mindful of a number of drivers in the gold market; most of these have been
substantiated and expanded upon, with analysts and market commentators
calling for US$600/oz in the current year.

The fundamentals we have addressed that are affecting the gold market – such
as the lack of reserve replenishment, the slowdown in new mining supply, the
reduction in mine supply – especially from South Africa, the growing concerns
about the United States and global economies – have given rise to the upward
movement in the gold price, successfully breaking through US$500/oz before
Christmas and currently standing at around $550/oz.This is territory last seen
25 years ago.

We are confident that this is not just a flash-in-the-pan event.The fundamentals
that many have ignored when looking at the rising gold market – ascribing gold’s
run only to the weakening US dollar – will underpin the gold market at much
higher levels for some time into the future.

Production
Group attributable gold production in the first half of the 2006 financial year
was 18% lower at 265 887oz compared with the previous six months ended
30 June 2005, reflecting both the discontinuation of the North West Operations
in South Africa and a 17% decline in production from the Australasian
operations to 126 770oz. Gold production from the South African operations
rose by 11% to 139 117oz.

While total underground gold production from Blyvoor and ERPM was 5%
lower at 105 165oz, that from surface sources (including Crown) rose by 14%
to 80 763oz, demonstrating DRDGOLD’s pre-eminent role in surface
retreatment and its growing contribution to the company’s South African
business. We comment further on this at later stages in this communication.

Australasian Operations
Gold production for the first half declined at all three of the Australasian
operations – by 17% to 76 613oz at Porgera, by 18% to 30 723oz at Tolukuma,
and by 10% to 19 434 oz at Emperor.

At Porgera, the main reason for lower production was the redirection of
resources to the West Wall cutback, exacerbated by lower yield arising from
reduced mining from the Stage Four open pit and a seven-day power outage
during the second quarter. Yield is expected to improve with increased mining
from the Stage Five open pit, while the West Wall cutback is now 25% complete
and progressing well.

Lower production at Tolukuma resulted from a lack of available mining face,
underground pumping difficulties and bad weather during the first quarter.
Improved pumping efficiencies and an increase in development initiated an
encouraging turnaround during the second quarter with gold production up by
16% from 14 199oz to 16 524oz on a Q1 to Q2 basis.Total development
increased by 5.5% when compared with the previous six months in spite of
11 days lost in Q1 due to bad weather and reduced development in Q2 due to
flooding of the declines.

At Emperor, the decrease in production was attributable to a variety of factors
associated with a change in the mine plan. Production has been redirected from
the lower-grade Smith Shaft areas to high-grade Philip Shaft sources. Capital
expenditure is being directed towards improving infrastructure and increasing
production to 1 000 tonnes per day.

Cash operating costs at the Australasian operations for the six months under
review rose by 27% to US$323/oz, reflecting lower production and fuel price
increases. At Porgera, cash operating costs rose by 32% to US$274/oz, at
Tolukuma by 21% to US$444/oz, and at Emperor by 10% to US$559/oz.
A feasibility study for the installation of a second hydro-power generation facility
at Tolukuma is under way.This project would reduce the operation’s reliance on
diesel for power generation, and thus helicopter flying hours with a consequent,
significant positive impact on operating costs. At Emperor, feasibility studies for
the installation of coal/bagasse or bio-fuel power generation facilities are under
way.

South African Operations
Total gold production at Blyvoor for the six months under review increased
by 2% to 83 304oz, due to a 38% increase in gold production from surface
sources – and in particular from the expanded slimes dam project – to
18 488oz. Underground gold production declined by 4% to 64 816oz as a

STOCK
Issued capital
308 086 126 ordinary no par value shares
5 000 000 cumulative preference shares
Total ordinary no par value shares issued and committed: 341 994 830

Stock traded

JSE

ASX

NASDAQ

FRANKFURT

Average volume for the 6 months per day (‘000)

292

2 806

% of issued stock traded (annualised)

238

Price

• High

R10.80

A$2.26

US$1.66

Euro 1.31

• Low

R5.60

A$1.08

US$0.85

Euro 0.74

• Close

R9.30

A$2.08

US$1.44

Euro 1.22

All of the South African surface operations continue to perform satisfactorily,
supporting the strategic decision to consolidate DRDGOLD’s mining activities in
South Africa and, more specifically, to optimise Crown’s proven technology and
experience in the surface retreatment field. Now the world’s largest surface
retreatment operation, Crown is poised to re-treat the Top Star dump in central
Johannesburg, acquisition of which from AngloGold Ashanti has been agreed in
principle.

In summary, we have made good progress in creating two stand-alone units, one
in Australasia and the other in South Africa. With Emperor now in a position to
access capital outside of South Africa, it has capacity to grow.The South African
operations have been stabilised and a platform has been established for growth
into Africa. We look forward to reporting on progress in the next six months.

GEOFFREY CAMPBELL

MARK WELLESLEY-WOOD

Non-executive Chairman

Chief Executive Officer

23 February 2006

NOTE REGARDING FINANCIAL INFORMATION

Basis of preparation
DRDGOLD has adopted IFRS for the annual period beginning on 1 July 2005.
These financial statements for the six months ended 31 December 2005 have
been prepared in accordance with IFRS and International Accounting Standard
("IAS") 34, "Interim Financial Reporting".

Transition to IFRS
The transition to IFRS has been implemented in accordance with IFRS 1 "First-
Time Adoption of International Financial Reporting Standards" and DRDGOLD’s
transition date is 1 July 2004. Comparative information has accordingly been
restated from this date.There are certain voluntary exemptions, as discussed
below, where the full retrospective restatement of comparatives is not required.

Voluntary exemptions
DRDGOLD has applied its accounting policies retrospectively from the date of
transition, with the exception of the following permitted exemptions:
-

Share-based payment transactions – DRDGOLD has elected not to apply
IFRS 2, “Share-based payments”, to share options granted prior to 7
November 2002 as well as those share options granted after that date
which had vested before 1 January 2005.

Business combinations – DRDGOLD has elected not to apply IFRS 3
“Business Combinations” to all past business combinations that occurred
before the date of transition to IFRS.

Fair value or revaluation as deemed cost – Certain items of mining assets have
been measured at their fair value at the transition date and that fair value
has been used as their deemed cost at that date.

IFRS adjustments

Share-based payments
Under SA GAAP, DRDGOLD did not recognise any expense for share options
granted to employees. Under IFRS 2, options to acquire the entity’s equity
instruments that were granted post 7 November 2002 and which remained
unvested at 1 January 2005 are measured at fair value at grant date.The
expense is recognised over the vesting period, adjusted to reflect actual levels of
vesting.

The cumulative effect of DRDGOLD’s equity-settled schemes on opening
accumulated loss at 1 July 2004 is an increase in accumulated loss of
R6.0 million.The corresponding credit is to the share-based payments reserve.
The effect on the loss for the 2005 financial year is an increase in the loss of
R10.6 million (31 December 2004: R5.3 million).There are no taxation
implications of these adjustments.

Property, plant and equipment
Previously IAS 16 “Property, plant and equipment” did not clearly set out the
requirement for separate depreciation of significant components of property,
plant and equipment.The revised IAS 16 requires significant components of an
asset, with useful lives that differ significantly from the asset as a whole, to be
depreciated separately over their useful lives.

Translation of a foreign operation
Previously IAS 21 “The effects of changes in foreign exchange rates” allowed an
entity to translate the financial statements of a foreign operation that was
integral to the operations of the entity as if the transactions of the foreign
operation had been those of the entity.This allowed non-monetary assets and
liabilities of the foreign operation to be translated at historical exchange rates
and monetary assets and liabilities to be translated at closing exchange rates.
The revised IAS 21 does not contain a distinction between “integrated foreign
operation” and a “foreign entity” and all assets and liabilities of a foreign
operation are translated at closing exchange rates.

consequence both of losing some high-grade B5A area panels following seismic activity during the first quarter, and a subsequent decision during the second quarter to reduce mining from this area in the interests of employee safety. In terms of a new mine plan, production will be increased in the No 4 Shaft and lower-grade No 6 Shaft areas during the March quarter, taking overall underground production to 70 000t per month by September 2006.

Attributable gold production from the Crown surface operation increased by
34% to 28 923oz and at ERPM by 19% to 26 890oz, due primarily to their results becoming 100% attributable from the month of December 2005, following the re-absorption of CGR and ERPM into DRDGOLD South African Operations (Pty) Limited ("DRDSA") as wholly owned subsidiaries.

Cash operating costs for the South African operations increased by 10% to
US$430/oz. At Blyvoor they rose by 7% to US$419/oz and at ERPM by 9% to US$450/oz, while at Crown they were 7% lower at US$382/oz.

Underground cash operating costs were 12% higher at US$461/oz, while surface cash operating costs were 6% lower at US$366/oz. Again, this demonstrates the value add to the South African business of the surface operations – particularly in a rising gold price scenario.

Two-year wage agreements, effective from the second quarter, are factored into these increases but they reflect, nevertheless, both the negative impact of the relentless rise in the cost of utilities and locally sourced goods and services. With respect to the former, it would appear that it is time once again for the mining industry to point out to suppliers the folly of threatening the geese that lay the golden eggs with price hikes way beyond the Consumer Price Index (“CPI”).

Financial
Group cash operating profit in the first half of this year was 27% lower than in the previous six months at R121.2 million mainly as a consequence of the
deterioration in the operating performance of the Australasian operations as a
whole. Net operating profit was 6% higher at R41.7 million.

Group cash operating costs were well contained, rising by less than 1% to
US$375/oz.

Corporate developments
We are pleased to report that, on 17 and 20 February 2006, shareholders in
DRDGOLD and Emperor approved proposals to vend DRDGOLD's offshore assets into Emperor, thus creating the third largest gold producer listed on the Australian Stock Exchange (“ASX”). On completion of the transaction, DRDGOLD will have an approximate 88% stake in Emperor and receive US$30 million in cash. DRDGOLD has agreed with Emperor rights of exclusivity of operation within the Pacific Rim.

Back home in South Africa, the conclusion of a transaction during the second quarter between DRDGOLD and Khumo Gold SPV (Pty) Ltd in terms of which KBH has acquired a 15% stake in DRDSA means that DRDGOLD complies with the Black Economic Empowerment (“BEE”) ownership requirement of the South African Mining Charter.

With respect to the re-financing of its convertible bond, DRDGOLD is
negotiating the extension of the terms of these instruments with existing
convertible bond-holders.

Way forward
As Porgera progresses the West Wall cutback and mining moves increasingly into the Stage Five open pit, so both volume and yield should improve. Tolukuma began turning the corner during the second quarter, better managing underground water, escalating underground development and, as a
consequence, increasing both volumes and grade. At Emperor, infrastructural improvements and development to access new higher grade mining areas at Philip Shaft in particular – together with ongoing interventions to improve worker morale and productivity – are expected to contribute towards better results.Taking a longer-term view, exploration results at both Tolukuma and Emperor, reported with the company production results on 30 January, are extremely encouraging. Exploration expenditure in the Australasian region over the next two years will total some A$15 million – A$7 million in Papua New Guinea (PNG), A$4 million on the Tuvatu prospect in Fiji and A$4 million on Basala, an inferred resource at the bottom of the Philip Shaft at Emperor’s Vatukoula Mine.

At ERPM, good progress is being made in traversing the 16-metre up-throw
fault on the eastern side of the mine and very pleasing grades, averaging 20 grams per tonne in situ, are being encountered in the re-established mining areas.The company’s application for a new order prospecting right over the neighbouring Sallies lease area has been granted and development eastward towards the ERPM/Sallies boundary from within the ERPM lease area has begun. Drilling will be conducted over the next 18 months.There is every reason to believe that the very good grades being experienced on the ERPM side will continue into the Sallies lease area, with potential to increase DRDSA’s overall resource position by some 2 million ounces. DRDGOLD has also secured a new order prospecting right over the Argonaut area, to the south of central Johannesburg, which could increase the South African resource by a further 9 million ounces. Given that Argonaut is contiguous to the east with the western portion of the ERPM lease area, we believe there is even further potential upside.

The condensed consolidated financial statements below are prepared in accordance with IFRS.

CONSOLIDATED

6 months to

Effect of

6 months to

Effect of

6 months to

31 Dec 2005

30 Jun 2005

transition to

30 Jun 2005

31 Dec 2004

transition to

31 Dec 2004

IFRS

SA GAAP

IFRS

SA GAAP

IFRS

Income Statement

Continuing operations
Gold and silver revenue

629.5

570.0 -

570.0

581.9

Cash operating costs

(508.3)

(412.9)

8.1

(404.8)

(434.5)

5.5 (429.0)

Cash operating profit

121.2

157.1

8.1 165.2 147.4

5.5 152.9

Corporate administration and
other expenses

(66.9)

(39.0)

- (39.0)

(71.6)

- (71.6)

Share based payments

(6.8)

- (5.3)

(5.3)

- (5.3)

(5.3)

Business development

(11.5)

(8.5)

- (8.5)

(9.5)

- (9.5)

Exploration costs

(0.9)

(6.6)

- (6.6)

(4.9)

- (4.9)

Care and maintenance costs

(4.8)

(8.1)

- (8.1)

(6.1)

- (6.1)

Cash profit from operations

30.3

94.9 2.8 97.7 55.3 0.2 55.5

Retrenchment costs

(1.0)

(5.6)

- (5.6)

(20.5)

Investment income

35.4

(33.4)

- (33.4)

14.5

- 14.5

Finance charge

(23.0)

(18.3)

(1.1)

(19.4)

(18.5)

1.7 (16.8)

Net operating profit

41.7

37.6 1.7 39.3 30.8 1.9 32.7

Rehabilitation

(7.8)

(19.8)

1.1 (18.7)

2.7 (1.7)

1.0

Depreciation

(71.4)

(44.5)

(13.0) (57.5)

(66.4)

(16.3) (82.7)

(Loss)/profit on financial instruments

(7.5)

5.0 - 5.0 1.7 - 1.7

Movement in gold in process

12.1

5.5 - 5.5 5.2 - 5.2

Loss before taxation

(32.9)

(16.2)

(10.2) (26.4)

(26.0)

(16.1) (42.1)

Taxation

(17.3)

(41.5)

- (41.5)

(36.6)

- (36.6)

Deferred taxation

16.5

52.4

- 52.4 (10.1)

- (10.1)

Loss after taxation

(33.7)

(5.3)

(10.2) (15.5)

(72.7)

(16.1) (88.8)

(Loss)/profit on sale of assets/investment

(3.4)

- - -

3.0 -

3.0

Impairments

52.2

(72.1)

- - -

Loss from associates

(79.9)

(57.0)

- (57.0)

(20.7)

- (20.7)

Discontinued operations
Loss for the period from
discontinued operations

(6.3)

(11.4)

- (11.4)

(279.7)

Minority interest

1.2

- - - - - -

Net loss

(69.9)

(145.8)

(10.2) (156.0)

(370.1)

(16.1) (386.2)

Headline loss per share-cents
- From continuing operations

(37.5)

(23.2)

(3.8) (27.0)

(37.8)

(6.5) (44.3)

- From total operations

(37.1)

(50.4)

(3.8) (54.2)

(64.4)

(6.5) (71.0)

Basic loss per share-cents
- From continuing operations

(21.0)

(50.0)

(3.8) (53.8)

(36.6)

(6.5) (43.1)

- From total operations

(23.1)

(54.3)

(3.8) (58.1)

(149.9)

(6.5)

(156.4)

Calculated on the weighted average
ordinary shares issued of:

303 215 809

268 646 022

246 924 284

Diluted headline loss per share-cents

(37.1)

(50.4)

(3.8) (54.2)

(64.4)

(6.5) (71.0)

Diluted basic loss per share-cents

(23.1)

(54.3)

(3.8) (58.1)

(149.9)

(6.5)

(156.4)

CONDENSED CONSOLIDATED

As at

Effect of

As at

Effect of

As at

31 Dec 2005

30 Jun 2005

transition to

30 Jun 2005

31 Dec 2004

transition to

31 Dec 2004

IFRS

SA GAAP

IFRS

SA GAAP

IFRS

Balance Sheet

Employment of capital
Net mining assets

1 003.1

799.1 (2.0) 797.1 707.4 15.7 723.1

Investments

145.8

108.3

- 108.3 213.8

- 213.8

Environmental trust funds

55.2

42.9 -

42.9

144.4 -

144.4

Other non-current assets

243.2

214.6

- 214.6 186.2

- 186.2

Current assets

348.6

394.3

7.6 401.9 331.4

- 331.4

Inventories

137.9

103.3 8.0

111.3

93.6 -

93.6

Trade and other receivables

72.9

49.8 (0.4) 49.4 94.7

- 94.7

Cash and cash equivalents

137.8

241.2

- 241.2 143.1

- 143.1

1 795.9

1 559.2

5.6

1 564.8

1 583.2

15.7

1 598.9

Capital employed
Shareholders’ equity

647.7

620.6

1.2 621.8 433.9 15.7 449.6

Shareholders’ interest

619.2

614.8

1.2 616.0 428.1 15.7 443.8

Minority shareholders interest

28.5

5.8 -

5.8

5.8 -

5.8

Long-term borrowings

11.9

359.4

- 359.4 300.6

- 300.6

Post retirement health care provisions

18.0

- - - - - -

Derivative instruments

7.5

3.7 -

3.7

9.7 -

9.7

Rehabilitation

289.7

151.0

- 151.0 242.6

- 242.6

Deferred mining and income taxes

74.7

95.7 -

95.7

127.9 -

127.9

Provisions

62.6

45.7

- 45.7 72.3

- 72.3

Current liabilities

683.8

283.1

4.4 287.5 396.2

- 396.2

Trade and other payables

317.6

218.4

4.4 222.8 328.7

- 328.7

Derivative instruments - net

- - -

15.3 -

15.3

Current portion of long-term borrowings

366.2

64.7

- 64.7 52.2

- 52.2

1 795.9

1 559.2

5.6

1 564.8

1 583.2

15.7

1 598.9

CONDENSED

6 months to

Effect of

6 months to

Effect of

6 months to

31 Dec 2005

30 Jun 2005

transition to

30 Jun 2005

31 Dec 2004

transition to

31 Dec 2004

IFRS

SA GAAP

IFRS

SA GAAP

IFRS

Statement of changes in equity

Balance at the beginning of the financial year

621.8

433.9 15.7 449.6 564.1

1.3 565.4

Minority shareholders interest now
reflected in shareholders equity

- - -

5.8 -

5.8

Restated balance at the beginning
of the financial year

621.8

433.9 15.7 449.6 569.9

1.3 571.2

Share capital issued

98.4

225.6

5.3 230.9 270.3

5.3 275.6

- for acquisition finance and cash

94.1

240.7

- 240.7 281.9

- 281.9

- for share options exercised

1.0

- - -

0.5 -

0.5

- increase in share based payment reserve

6.8

- 5.3 5.3 - 5.3 5.3

- for costs

(3.5)

(15.1)

- (15.1)

(12.1)

- (12.1)

Net loss attributed to ordinary
shareholders

(69.9)

(145.8)

(10.2) (156.0)

(370.1)

(16.1) (386.2)

Net loss attributed to minority
shareholders

(1.2)

- - - - - -

Increase in minorities

23.9

- - - - - -

Currency translation adjustments and other

(25.3)

106.9 (9.6) 97.3

(36.2)

25.2

(11.0)

Balance as at the end of the period

647.7

620.6

1.2 621.8 433.9 15.7 449.6

Reconciliation of headline loss
Net loss

(69.9)

(145.8)

(10.2) (156.0)

(370.1)

(16.1) (386.2)

Adjusted for:

- Impairment of assets and investments

(52.2)

75.6 -

75.6

214.0 -

214.0

- Loss/(gain) on discontinued operations

6.3

(65.2)

- - -

- Loss/(profit) on sale of assets

3.4

- - -

(3.0)

Headline loss

(112.4)

(135.4)

(10.2) (145.6)

(159.1)

(16.1) (175.2)

EQUITY RECONCILIATION OF PREVIOUS SA GAAP TO IFRS

30 Jun 2005

31 Dec 2004

1 Jul 2004

Shareholders’ equity as previously reported

620.6

433.9

569.9

Property, plant and equipment

(2.9)

(4.3)

0.2

Translation of a foreign operation

4.1

20.0

1.1

As reported under IFRS

621.8

449.6

571.2

CONDENSED CONSOLIDATED

6 months to

Effect of

6 months to

Effect of

6 months to

31 Dec 2005

30 Jun 2005

transition to

30 Jun 2005

31 Dec 2004

transition to

31 Dec 2004

IFRS

SA GAAP

IFRS

SA GAAP

IFRS

Cash flow statement

Net cash in/(out) flow from operations

1.0

(55.2)

8.1 (47.1) (72.6)

5.5 (67.1)

Working capital changes

8.7

(10.0)

- (10.0)

8.6

Net cash outflow from investing activities

(97.3)

(63.6)

(8.1)

(71.7) (220.9)

(5.5)

(226.4)

Net cash (out)/in flow from financing activities

(27.8)

223.7

- 223.7 303.0

303.0

(Decrease)/increase in cash and cash
equivalents

(115.4)

94.9 -

94.9

18.1 -

18.1

Translation adjustment

12.0

3.2 -

3.2

(15.9)

Opening cash and cash equivalents

241.2

143.1 -

143.1

140.9 -

140.9

Closing cash and cash equivalents

137.8

241.2 -

241.2

143.1 -

143.1

Reconciliation of net cash in/(out) flow
from operations
Net operating profit

41.7

37.6

1.7

39.3

30.8

1.9

32.7

Net operating loss from discontinued
operations

(6.3)

(76.9)

- (76.9) (51.4)

- (51.4)

35.4

(39.3)

1.7

(37.6)

(20.6)

1.9

(18.7)

Adjusted for:
Interest provision on convertible bond

14.5

13.7 -

13.7

13.6 -

13.6

Amortisation of convertible cost

3.7

3.7 -

3.7

3.8 -

3.8

Financial instruments

(3.7)

(4.7)

- (4.7) (5.2)

- (5.2)

Unrealised foreign exchange (gain)/loss

(28.1)

3.5 -

3.5

(12.6)

Growth in Environmental Trust Funds

(2.6)

(3.9)

- (3.9) (1.0)

- (1.0)

Other non cash items

11.5

3.6 6.4

10.0 3.0 3.6 6.6

Interest paid

(19.3)

(12.3)

- (12.3) (12.3)

- (12.3)

Taxation paid

(10.4)

(19.5)

- (19.5) (41.3)

- (41.3)

Net cash in/(out) flow from operations

1.0

(55.2)

8.1

(47.1) (72.6)

5.5 (67.1)

KEY OPERATING AND FINANCIAL RESULTS (Unaudited)

Australasian operations

6 months to

31 Dec 2005

30 Jun 2005

31 Dec 2004

Porgera (20% share of Joint Venture)

(*Restated)

Ore milled

t’000

551

594 606

Yield

g/t

4.33

4.86 5.27

Gold produced

76 613

92 815

102 579

2 384

2 888

3 191

Cash operating costs

US$ per oz

274

208 166

ZAR per kg

57 682

41 683

33 110

ZAR per tonne

250

203 174

Cash operating profit

US$ million

14.8

20.3 26.3

ZAR million

96.6

126.6 163.2

Capital expenditure (net)

US$ million

8.8

9.2 6.9

ZAR million

57.3

42.9

6 months to

31 Dec 2005

30 Jun 2005

31 Dec 2004

Tolukuma

(*Restated)

Ore milled

t'000

101

104

107

Yield

g/t

9.47

11.24

Gold produced

30 723

37 647

38 667

956

1 169

1 203

Cash operating costs

US$ per oz

444

367

312

ZAR per kg

93 347

73 632

62 306

ZAR per tonne

884

828

701

Cash operating profit

US$ million

0.1

3.1

4.1

ZAR million

0.4

19.2

25.4

Capital expenditure (net)

US$ million

3.6

1.1

2.3

ZAR million

23.7

6.9

14.4

Emperor

6 months to

39.52% attributable from 5 December 2005

31 Dec 2005

30 Jun 2005

31 Dec 2004

(Previously 45.33%)

(*Restated)

Ore milled

t'000

102

108

105

Yield

g/t

5.93

6.19

7.09

Gold produced

19 434

21 534

23 892

605

669

744

Cash operating costs

US$ per oz

559

507

376

ZAR per kg

117 505

100 986

75 208

ZAR per tonne

701

624

543

South African operations

6 months to

31 Dec 2005

30 Jun 2005

31 Dec 2004

Blyvoor

(*Restated)

Ore milled

Underground

t’000

325

278 309

Surface

t’000

1 787

1 587

1 345

Total

t’000

2 112

1 865

1 654

Yield

Underground

g/t

6.20

7.59 7.06

Surface

g/t

0.32

0.26 0.24

Total

g/t

1.23

1.36 1.52

Gold produced

Underground

64 816

67 870

70 088

2 016

2 111

2 180

Surface

18 488

13 439

10 481

575

418 326

Total

83 304

81 309

80 569

2 591

2 529

2 506

Cash operating costs

Underground

US$ per oz

469

423 512

ZAR per kg

98 636

84 636

102 375

ZAR per tonne

612

643

722

Surface

US$ per oz

242

233 321

ZAR per kg

50 887

46 641

64 190

ZAR per tonne

12 16

Total

US$ per oz

419

391

488

ZAR per kg

88 040

78 356

97 522

ZAR per tonne

108

106

148

Cash operating profit/(loss)

US$ million

3.5

3.1 (5.7)

ZAR million

22.6

19.4

(35.7)

Capital expenditure (net)

US$ million

4.2

1.2 0.8

ZAR million

27.4

7.8

5.1

Crown

6 months to

100% attributable from 1 Dec 2005

31 Dec 2005

30 Jun 2005

31 Dec 2004

(Previously 40%)

(*Restated)

Ore milled

t'000

2 149

1 745

1 807

Yield

g/t

0.42

0.38

0.41

Gold produced

28 923

21 529

23 895

899

670

743

Cash operating costs #

US$ per oz

382

412

379

ZAR per kg

80 276

82 297

75 805

ZAR per tonne

Cash operating profit #

US$ per oz

4.7

1.0 2.2

ZAR million

30.6

7.2 13.8

Cash operating profit attributable to DRDSA

US$ million

0.9

- -

ZAR million

5.5

- -

Capital expenditure (net) #

US$ million

2.0

1.2 0.3

ZAR million

13.2

7.7 1.9

Capital expenditure (net) attributable to DRDSA

US$ million

0.5

- -

ZAR million

3.1

- -

# Represents total operation

ERPM

6 months to

100% attributable from 1 Dec 2005

31 Dec 2005

30 Jun 2005

31 Dec 2004

(Previously 40%)

(*Restated)

Ore milled

Underground

t’000

63 82

Surface

t’000

587

390 362

Total

t’000

663

453 444

Yield

Underground

g/t

7.88

8.51 6.92

Surface

g/t

0.41

0.43 0.33

Total

g/t

1.26

1.55 1.54

Gold produced

Underground

19 264

17 233

18 159

599

536 565

Surface

7 626

5 414

3 794

238

168 118

Total

26 890

22 647

21 953

837

704 683

Cash operating costs #

Underground

US$ per oz

447

396 367

ZAR per kg

94 025

79 155

73 597

ZAR per tonne

752

667 509

Surface

US$ per oz

456

460 624

ZAR per kg

95 857

91 874

124 431

ZAR per tonne

40 41

Total

US$ per oz

450

411 412

ZAR per kg

94 525

82 196

82 382

ZAR per tonne

126

127 127

Cash operating profit #

US$ million

0.6

1.0 0.2

ZAR million

3.8

6.8 1.3

Cash operating loss attributable to DRDSA

US$ million

(0.6)

- -

ZAR million

(3.9)

- -

Capital expenditure (net) #

US$ million

0.7

(1.1)

ZAR million

4.5

(7.5)

Capital expenditure (net) attributable to DRDSA

US$ million

0.2

- -

ZAR million

1.4

- -

# Represents total operation

Discontinued operations

6 months to

North West (Hartebeestfontein and Buffelsfontein mines)

31 Dec 2005

30 Jun 2005

31 Dec 2004

Ore milled

Underground

t’000

246 740

Surface

t’000

320 564

Total

t’000

566 1 304

Yield
Underground

g/t

4.68 5.70

Surface

g/t

1.03 0.92

Total

g/t

2.61 3.63

Gold produced
Underground

37 006

135 516

1 151

4 215

Surface

10 578

16 750

329 521

Total

47 584

152 266

1 480

4 736

Cash operating costs
Total

US$ per oz

665 459

ZAR per kg

133 275

91 814

ZAR per tonne

348 333

Cash operating loss

US$ million

(12.1)

(6.5)

ZAR million

(75.3)

(40.2)

Capital expenditure (net)

US$ million

(0.1)

3.4

ZAR million

(0.7)

21.0

Share Option Scheme
The following summary provides information in respect of the DRDGOLD (1996) Share Option Scheme as at 31 December 2005:

Number of

% of issued

options

capital

In issue

15 675 441

5.09

Options currently vested

7 684 780

2.49

DIRECTORS

Directors

(* British) (** Australian) (*** American)

Non-executives:
J Turk***

Executives:
MM Wellesley-Wood (Chief Executive Officer)*

Independent non-executives:

Group Company Secretary:

JWC Sayers (Chief Financial Officer)

RP Hume

TJ Gwebu

GC Campbell* (Non-Executive Chairman)
D Blackmur**

INVESTOR RELATIONS

For further information, contact Ilja Graulich at:

Tel: (+27-11) 219-8700 • Fax: (+27-11) 476-2637 • e-mail: ilja.graulich@za.drdgold.com • website: http://www.drdgold.com

Ebsco House 4, 299 Pendoring Avenue, Blackheath, Randburg, South Africa • PO Box 390, Maraisburg, 1700, South Africa

DRDGOLD LIMITED

Exhibit 99.2

Page 1 of 3

For immediate release

545/06-jmd

DRDGOLD GRANTED PROSPECTING RIGHTS FOR TWO NEW MAJOR PROJECTS

Johannesburg, South Africa. 23 February, 2006. DRDGOLD Limited (JSE: DRD; NASDAQ:
DROOY; ASX: DRD; POM SoX: DRD) DRDGOLD South African Operations (Pty) Limited
(DRDGOLD SA) announced today that it has been granted prospecting rights under the new Mineral
and Petroleum Resources Development Act in respect of the Sallies and Argonaut lease areas.

Taken together, the two projects have the potential to increase the company’s South African resource
base by 11 million ounces (oz).

Sallies
The prospecting site within the Sallies lease area, adjacent to ERPM, is located in the
Brakpan/Boksburg area, east of Johannesburg. ERPM mine has a current planned five-year life which,
if the current good grades experienced at ERPM continue in the present lease and extended
prospecting areas, could be extended to 21 years.

The prospecting right has been granted over a period of four years, from January 2006 to January
2010.

Prospecting will take place underground, at depths of some 3 000 metres (m), covering an area of
approximately 1 252 hectares. As no surface drilling will be carried out, there will be no detrimental
impact to the ground and surface environment. The in situ gold resource, at 7.5 grams per tonne (g/t),
will equate to approximately 2.4 million oz (75 336 kilograms) of gold from this project.

Development is expected to cost some R7.1 million over three years.

“To comply with the law, prospecting must begin within 120 days of the effective date of 14 January
2006, on which date the Environmental Management Plan was authorised and accepted,” said Acting
DRDGOLD SA Chief Executive Officer Niel Pretorius. “We are currently completing the procedures for
registering the mining right in the Mineral and Petroleum Titles Registration Office.”

Argonaut
The Argonaut project encompasses the southern down-dip extension of the Central Witwatersrand
Goldfield, previously mined to a depth of between 1 800 m and 2 500 m.

Its focus is the exploitation of the potential resource striking 30 kilometres (km) from ERPM in the east
to Durban Roodepoort Deep Mine in the west, at depths of between approximately 2 800 m and
5 000 m below surface. The project has also been the focus of research on the part of the gold mining
industry’s collaborative Deep Mine programme, to investigate the required technologies to mine safely
and profitably at depths up to 5 000 m.

The area of the prospecting and eventual mining right covers some 969 ha. The estimated resource,
at anticipated grades of 8.5 g/t, could yield some 8.9 million ounces (280 000 kg) of gold over the life
of the mine.

Page 2 of 3

The prospecting right has been granted for a period of five years with effect from 6 February 2006.
Prospecting will be carried out on surface by a borehole and borehole deflections, and an
environmental impact study has been completed and accepted. “Assuming positive results from the
assay figures of the borehole, we will extend our prospecting right into adjacent mineral right areas
previously held by the company,” Pretorius said.

Note to editors:

East Rand Proprietary Mines (ERPM) has been mined since 1893. The mine was purchased by Crown
Gold Recoveries (CGR) in October 2002. DRDGOLD South African Operations (Pty) Limited has a
100% holding in CGR, which in turn has a 100% holding in ERPM. ERPM currently employs some
2,700 people.

Queries:

South Africa
Investor and Media Relations
Ilja Graulich, DRDGOLD
+27 11 219 8707(office)
+27 83 604 0820 (mobile)

James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)

North America
Investor and Media Relations

Barbara Cano, Breakstone Group International

+1 646 452 2334 (office)

Australasia
Investor and Media Relations
Paul Downie, Porter Novelli
+61 893 861 233 (office)
+61 414 947 129 (mobile)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398

DRDGOLD is an intermediate unhedged gold producer with mines in South Africa as well as Australasia. The company’s
production profile is split equally between its highly leveraged SA operations and its low-cost, cash generative offshore
mines.

DRDGOLD has primary listings on the Johannesburg (JSE:DRD) and Australian (ASX:DRD) stock exchanges and
secondary listings on NASDAQ (DROOY), the London and Port Moresby stock exchanges and the Paris and Brussels
Bourses. Its shares are also traded on the regulated unofficial market of the Frankfurt Stock Exchange and the Berlin
OTC Market.

For more information, please visit www.drdgold.com

FORWARD-LOOKING STATEMENTS
Some of the information in this press release may contain projections or other forward looking statements regarding
future events or other financial performance, including forward-looking statements and information relating to us that are
based on the beliefs of our management, as well as assumptions made by and information currently available to our
management. When used in this release, the words "estimate", "project", "believe", anticipate", "intend", "expect" and
similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with
respect to future events and are subject to risks, uncertainties and assumptions.

Many factors could cause our 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 general economic conditions in the markets we serve, a drop in the
gold price, a continuing strengthening of the Rand against the Dollar, regulatory developments adverse to us or
difficulties in maintaining necessary licenses or other governmental approvals, changes in our competitive position,
changes in business strategy, any major disruption in production at our key facilities or adverse changes in foreign
exchange rates and various other factors.

Page 3 of 3

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 2004, which we filed with the United States Securities and Exchange
Commission on 29 November 2004 on Form 20-F, as amended by the Form 20-F/A filed on 29 April 2005 and those
detailed from time to time with the United States Securities and Exchange Commission. 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.

Exhibit 99.3

Page 1 of 3

For immediate release

544/06-jmd

GROUP NET OPERATING PROFIT UP 6%, CASH COSTS HELD STEADY

Johannesburg, South Africa. 23 February, 2006. DRDGOLD Limited (JSE: DRD; NASDAQ:
DROOY; ASX: DRD; POM SoX: DRD) today reported that group net operating profit for the six
months ended 31 December 2005 increased by 6% to R41.7 million compared with the previous six
months, while group cash operating costs were held steady, rising by less than 1% to US$375 per
ounce (oz).

Group attributable gold production was 18% lower at 265 887 oz, reflecting both the discontinuation of
the North West Operations in South Africa and a 17% decline in production from the Australasian
operations to 126 770 oz. Gold production from the South African operations rose by 11% to 139 117
oz.

Corporate developments
Reporting on recent corporate developments, Chief Executive Officer Mark Wellesley-Wood said
shareholders in DRDGOLD and Emperor Mines Limited (Emperor) had approved proposals to vend
DRDGOLD’s offshore assets into Emperor.

“This creates the third-largest gold producer listed on the Australian Stock Exchange; on completion of
the transaction, DRDGOLD will have an approximate 88% stake in Emperor and receive US$30
million in cash,” Wellesley-Wood said.

In South Africa, the conclusion of a transaction during the second quarter between DRDGOLD and
Khumo Gold SPV (Pty) Limited (Khumo Gold), in terms of which Khumo Gold acquired a 15% stake in
DRDGOLD South African Operations (Pty) Limited (DRDGOLD SA), means that DRDGOLD complies
with the Black Economic Empowerment (BEE) ownership requirement of the South African Mining
Charter.

“We have made good progress in creating two stand-alone units, one in Australasia and the other in
South Africa,” Wellesley-Wood said.

“With Emperor now in a position to access capital outside of South Africa, it has the capacity to grow;
the South African operations have been stabilised and a platform established for growth into Africa.”

Exploration: SA and Australasia
Wellesley-Wood said that the South African Government’s recent granting of new order prospecting
rights to DRDGOLD SA in respect of the Sallies (ERPM Extension) and Argonaut lease areas could
increase the company’s resource base by 11 million oz – 2 million oz at the former and 9 million oz at
the latter.

“There is every reason to believe that the very good grades being experienced currently at ERPM will
continue into the neighbouring Sallies lease area and, given that Argonaut is contiguous to the east
with the western portion of the ERPM lease area, we believe there is even further potential upside.”

Exploration expenditure in the Australasian region over the next two years will total A$15 million – A$7
million in Papua New Guinea (PNG), A$4 million on the Tuvatu project in Fiji and A$4 million on

Page 2 of 3

Basala, an inferred resource at the bottom of the Philip Shaft at Emperor’s Vatukoula Mine in Fiji,
Wellesley-Wood said.

South Africa
While total underground production from Blyvooruitzicht and ERPM was 5% lower at 105 165 oz, that
from these operations’ surface sources – together with that from Crown – rose by 14 % to 80 763 oz.

“This demonstrates DRDGOLD’s pre-eminent role in surface retreatment and the growing contribution
of the surface operations to the company’s South African business.

“While underground cash operating costs were 12% higher at US$461/oz, surface cash operating
costs were 6% lower at US$366/oz, again demonstrating the value-add to the South African business
of the surface operations, particularly in a rising gold price scenario.”

Now the world’s largest surface retreatment operation, Crown was poised to retreat the Top Star dump
in central Johannesburg, acquisition of which from AngloGold Ashanti had been reached in principle,
Wellesley-Wood said.

Australasia
Tolukuma began turning the corner during the second quarter, increasing both volumes and grade
through escalating development and improved management of underground grade, Wellesley-Wood
said, while at Emperor, infrastructural improvements and development to access higher grade mining
areas at Philip Shaft in particular are expected to contribute towards better results.

At Porgera, where lower production contributed to the 27% increase in cash operating costs for the
Australasian region as a whole to US$323/oz, progression of the West Wall cutback and a shift in
mining to the Stage Five open pit is expected to result in improvements in both volume and grade.

To reduce the impact of fuel price increases – another driver of the rise in cash operating costs – a
feasibility study for the installation of a second hydro-power generation facility at Tolukuma was under
way, while at Emperor, bio-fuel options were being investigated, Wellesley-Wood said.

Queries:

South Africa
Investor and Media Relations
Ilja Graulich, DRDGOLD
+27 11 219 8707(office)
+27 83 604 0820 (mobile)

James Duncan, Russell & Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)

North America
Investor and Media Relations

Barbara Cano, Breakstone Group International

+1 646 452 2334 (office)

Australasia
Investor and Media Relations
Paul Downie, Porter Novelli
+61 893 861 233 (office)
+61 414 947 129 (mobile)

United Kingdom/Europe
Investor and Media Relations
Phil Dexter, St James's Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398

Page 3 of 3

Bourses. Its shares are also traded on the regulated unofficial market of the Frankfurt Stock Exchange and the Berlin
OTC Market.

For more information, please visit www.drdgold.com