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 November 2007

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

Attached to the Registrant Form 6-K filing for the month of November 2007, incorporated
by reference herein:

Exhibit

99.1 Release dated November 1, 2007, entitled “APPOINTMENT OF INDEPENDENT NON-
EXECUTIVE DIRECTOR”.

99.2 Release dated November 1, 2007, entitled “REPORT TO SHAREHOLDERS FOR THE
FIRST QUARTER ENDED 30 SEPTEMBER 2007 OF THE 2008 FINANCIAL YEAR”.

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: November 1, 2007

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

Exhibit 99.1

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
(“DRDGOLD” or “the Company”)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

In compliance with Rule 3.59 of the JSE Limited Listings Requirements, DRDGOLD is pleased to
announce that, with effect from Thursday 1 November 2007, Edmund Jeneker has been appointed
as an Independent Non-Executive Director of the Company.

Mr Jeneker trained as an accountant and over the past ten years he has specialised in business
strategy and general management.

He currently holds the position of General Manager, Western Cape Province at ABSA Bank
Limited (“ABSA”). His experience and achievements include the following:

-     Western Cape Regional Manager at Deloitte & Touche responsible for international trade
      and investments in the tax division;
-     Head of World Bank Competitiveness Fund in the Western and Eastern Cape;
-     Financial Controller at SwissRe South Africa;
-     Member of the Board of the Western Cape Business Opportunities Forum;
-     Leader of the strategy for integrating Barclays Bank Limited and ABSA in the Northern
      Cape;
-     Best ABSA General Manager, Retail Bank, 2006;
-     Black Management Forum (Northern Cape) Manager of the Year, 2006; and
-     Finalist, Black Management Forum, National Manager of the Year, 2006.

Randburg
1 November 2007

Sponsor
BDO QuestCo

REPORT TO SHAREHOLDERS FOR THE FIRST QUARTER ENDED
30 SEPTEMBER 2007

2008 FINANCIAL YEAR

DRDGOLD LIMITED

(Incorporated in the Republic of South Africa • Registration No. 1895/000926/06
JSE share code: DRD • ISIN: ZAE000058723
Issuer code: DUSM • NASDAQ trading symbol: DROOY
(“DRDGOLD” or “the company”)

KEY FEATURES
•   DRDGOLD disposes of its stake in Emperor
•   DRDGOLD cash resources increase to R897 million
•   DRDGOLD SA gold production increases by 11% for the quarter
•   DRDGOLD SA profit after taxation increases by 136% for the quarter
•   Blyvoor firms up on uranium and sulphur surface resources
•   Blyvoor’s surface gold resource increases by 236% to 1.69 million oz

REVIEW OF OPERATIONS

Quarter

Quarter

Sep

Jun

Sep

Group

2007

2007

Change

2006

Gold production

South African operations

89 157

80 505

91 339

2 773

2 504

2 841

Discontinued operations

10 033

10 562

(5)

58 858

311

329

(5)

1 829

Group

99 190

91 067

150 197

3 084

2 833

4 670

Cash operating costs

South African operations

US$ per oz

584

587

503

ZAR per kg

133 673

134 456

115 821

Discontinued operations

US$ per oz

1 017

906

(12)

528

ZAR per kg

233 707

206 775

(13)

121 792

Group

US$ per oz

628

624

(1)

526

ZAR per kg

143 761

144 176

–

121 185

Gold price received

US$ per oz

693

681

625

ZAR per kg

158 598

155 198

143 963

Capital expenditure

US$ million

5.1

8.3

14.2

ZAR million

36.5

58.6

101.6

GROUP RESULTS

Gold production oz

SA Operations

$/oz

70 000

75 000

80 000

85 000

90 000

Dec 06

Mar 07

Jun 07

Sep 07

Revenue $/oz

SA Operations

500

550

600

650

700

Dec 06

Mar 07

Jun 07

Sep 07

Cash operating costs $/oz

Exhibit 99.2

STOCK

Issued capital

376 141 981 ordinary no par value shares

5 000 000 cumulative preference shares

Total ordinary no par value shares issued and committed: 389 374 236

Stock traded

JSE

NASDAQ

Average volume for the quarter per day (’000)

1 127

2 346

% of issued stock traded (annualised)

163

Price• High

R6.19

US$0.876

• Low

R3.50

US$0.473

• Close

R5.50

US$0.804

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 licences 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 2006, which we filed with the United States

Securities and Exchange Commission on 22 December 2006 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

With deep regret I must record the death of two people in work-related

incidents during the quarter under review.

Mr Samuel Vini, an hydraulic pick driver employed by a contractor,

died when he was struck by a silo undergoing demolition at the

metallurgical plant of East Rand Proprietary Mines Limited (“ERPM”),

and Mr Paul Ngxakazela, a rock drill operator, in a rock fall underground

at ERPM. Notwithstanding, these fatalities occurred in the same period

that ERPM recorded significant improvements in both its Disabling Injury

Frequency Rate (“DIFR”) – from 19.96 to 6.33 – and its Reportable

Injury Frequency Rate (“RIFR”) – from 7.6 to 3.21.

DRDGOLD SA’s other operations, Blyvooruitzicht Gold Mining Company

Limited (“Blyvoor”) and Crown Gold Recoveries (Pty) Limited (“Crown”),

while fatality-free in the quarter under review, recorded mixed

performances in respect of disabling and reportable injuries. While

Blyvoor’s RIFR improved from 3.24 to 2.97, its DIFR deteriorated slightly

from 6.23 to 6.44. Crown’s RIFR improved from 2.12 to 0.99 but its DIFR

deteriorated from 4.24 to 5.99. A range of campaigns and programmes are

in place throughout the Group’s operations to effect and maintain

improvements in safety.

Increased imposition by the Department of Minerals and Energy (“DME”)

of Section 54 notices in terms of the Mine Health and Safety Act following

fatalities in the mining industry has drawn substantial media and public

attention in recent weeks.At Blyvoor in the current quarter two fatalities

occurred – one tramming-related and the other a consequence of a rock

burst – both within weeks of the mine being awarded the Minister of

Minerals and Energy’s safety award in the deep-level, metalliferous category,

for the mine with the best safety improvement.

In the case of both fatalities, the DME imposed Section 54 notices. In

respect of the latter, the effect was suspension of all underground

operations at all three shafts, pending the completion of an independent

risk assessment, which would inform the DME’s decision of further steps

to be taken.

Efforts to engage with the DME to explain, amongst other things, the safety

consequences of a total suspension of operations for an unspecified period

of time proved fruitless and the company had no option but to seek a court

order to relieve the blanket ban.

I am anxious to remove any residual suspicion there may be that the

company’s action was prompted by a concern over lost production or

simple ‘bloody-mindedness’. As a Group we are firmly committed to the

imperative that safety always takes precedence over production, and we

accept fully both the need for regulation and the regulator’s role in matters

of safety. It is pleasing to report that mine management, the DME and

organised labour are now working together in a more co-operative

manner that augurs well for the future.

Production

Group gold production rose by 9% to 99 190oz, reflecting an 11%

increase in South African gold production to 89 157oz. Gold production

from the Tolukuma mine in Papua New Guinea decreased by 5% to

10 033oz.

Each of the South African operations – Blyvoor, Crown and ERPM –

contributed positively to DRDGOLD SA’s improvement, indicative of

DRD Closing Share Price

Dec 06

Mar 07

Jun 07

Sep 07

6.5

5.5

4.5

Rand

the continued benefits flowing from the company’s ongoing

stabilisation programme.

In this results announcement, Tolukuma is designated a discontinued

operation, reflecting the conclusion earlier in the current quarter of

DRDGOLD’s disposal of its 78.72% interest in Emperor Mines

Limited (“Emperor”) (refer to Corporate developments below).

Financial

Revenue from the continuing South African operations was 13% higher at
R433.0 million, reflecting improved production and a higher average gold
price received. After accounting for cash operating costs of
R370.7 million (previous quarter R336.7 million), cash operating profit
was 38% higher at R62.3 million.

Emperor narrowed its R66.8 million loss in the previous quarter to
R56.6 million in the quarter under review and after accounting for a
R1.0 billion profit (before minority interest) from Emperor’s sale of its
20% interest in the Porgera Joint Venture in Papua New Guinea, the
Group’s net profit for the quarter under review was R964.1 million
(previous quarter loss: R161.6 million).

Corporate developments

Earlier in the second quarter, DRDGOLD announced the sale of its
78.72% interest in Emperor to institutional investors for a total
consideration of A$56 million (R340.9 million), drawing to a close
the Group’s challenging – indeed, troubled – mining investment
experience in Australasia. At the same time, the company re-stated its
intention to focus solely on opportunities in South Africa and to apply
the cash received from the Emperor disposal to:

– improving efficiencies of its existing South African mines;

– expanding its South African surface retreatment operations; and

– developing its uranium and exploration potential in the country.

Looking ahead

Continuing improvement in the performance of our existing South
African operations (covered in greater detail later in this report)
points to the success of our ongoing programme to stabilise these
operations. Further, it reinforces our decision to exit from our
Australasian interests and to ‘come home’, so to speak, and focus all
of our resources here.

Work on our Ergo Mining Joint Venture with Mintails SA (“the Ergo JV”)
continues apace, with recovery of slimes from the Elsburg Tailings
Complex and retreatment through the refurbished Brakpan plant at
an initial rate of 1.25 million tons a month expected to yield some
200kg of gold a month when the project gets underway. The boards
of the partners in the Ergo JV have approved a capital investment of
R400 million, with excellent prospects for further growth from gold,
uranium and sulphuric acid production.

On the matter of uranium, we report elsewhere in this document on
our declaration of a 17.5 million lbs uranium resource for our Blyvoor
tailings dams, coupled with a 0.8 million tons sulphur resource and a
236% increase in the mine’s surface gold resource to 1.69 million oz,
and on additional exploration programmes under way at our other
operations to further define and quantify our uranium potential.
Encouraging updates are also provided on our underground
exploration activities and project developments.

With the Australasian exit now complete, I am confident we have all
of the resources – a good mix of assets above and below ground,
enthusiastic executive and management teams and a robust balance
sheet – to position us well to establish a solid home base.

JOHN SAYERS

Chief Executive Officer

1 November 2007

CONDENSED CONSOLIDATED INCOME STATEMENT

Quarter

Quarter

Sep

Jun

Sep

2007

2007

2006

Restated*

(Unaudited)

Continuing operations

Gold and silver revenue

433.0

381.8

406.2

Cash operating costs

(370.7)

(336.7)

(329.0)

Cash operating profit

62.3

45.1

77.2

Administration and general other costs

(22.8)

(20.3)

(27.1)

Share-based payments

0.5

(1.6)

(3.4)

Care and maintenance costs

(2.5)

(2.5)

(2.1)

Profit from operations

37.5

20.7

44.6

Retrenchment costs

(1.1)

–

Investment (expense)/income

(2.3)

6.6 (6.9)

Finance expense

(8.4)

12.0

(8.2)

Net operating profit

25.7

39.3

29.5

Rehabilitation

(4.7)

(10.7)

(3.1)

Depreciation

(19.7)

(10.8)

(12.2)

(Loss)/profit on financial instruments

–

(8.6)

–

Movement in gold in process

(0.6)

2.5

0.8

Profit before taxation

0.7

11.7

15.0

Taxation

–

(0.2)

(0.1)

Profit after taxation

0.7

11.5

14.9

Profit on sale of investments

12.0

0.1

–

Impairment

–

(21.5)

–

Discontinued operation

Loss for the period from discontinued operation

(56.6)

(66.8)

(95.3)

Profit on sale of investments

1 008.0

–

Impairment

–

(84.9)

–

Net profit/(loss) for the period

964.1

(161.6)

(80.4)

Attributable to:

Minority interest

207.0

(35.6)

(14.3)

Ordinary shareholders of the company

757.1

(126.0)

(66.1)

964.1

(161.6)

(80.4)

Headline profit/(loss) per share – cents

– From continuing operations

0.2

2.4

2.8

– From total operations

(11.7)

(10.2)

(20.6)

Basic profit/(loss) per share – cents

– From continuing operations

3.4

(17.3)

2.8

– From total operations

201.8

(34.2)

(20.6)

Calculated on the weighted average ordinary shares issued of:

375 196 329

368 254 618

321 092 406

Diluted headline loss per share – cents

(11.7)

(10.2)

(20.6)

Diluted basic profit/(loss) per share – cents

201.8

(34.2)

(20.6)

* Restated to account for Emperor as a discontinued operation

The condensed consolidated financial statements below are prepared in accordance with International Financial

Reporting Standards (“IFRS”)

SEGMENTAL INFORMATION

As at

As at

30 Sep

30 Jun

30 Sep

2007

2007

2006

(Unaudited)

Assets
Property, plant and equipment

627.0

649.8

2 016.1

Investments

59.8

59.7

39.0

Environmental trust funds

79.2

75.8

62.9

Other non-current assets

–

245.7

Current assets

1 177.0

1 161.9

928.7

Inventories

58.2

108.7

260.5

Accounts receivable

58.9

65.0

123.8

Financial assets

–

6.0

12.2

Cash and cash equivalents

425.4

135.3

517.2

Assets classified as held for sale

634.5

846.9

15.0

1 943.0

1 947.2

3 292.4

Equity and liabilities
Equity

1 251.8

143.5

1 093.3

Shareholders’ equity

1 073.8

141.2

850.2

Minority shareholders’ interest

178.0

2.3

243.1

Long-term borrowings

49.2

49.2

335.9

Post-retirement and other employee benefits

20.9

26.0

20.7

Provision for environmental rehabilitation

279.8

282.6

332.4

Deferred mining and income taxes

–

104.3

96.2

Current liabilities

341.3

1 341.6

1 413.9

Accounts payable and accrued liabilities

250.8

422.1

541.3

Financial liabilities

–

199.3

Current portion of long-term borrowings

–

790.3

673.3

Liabilities classified as held for sale

90.5

129.2

–

1 943.0

1 947.2

3 292.4

Quarter Sep 2007

Quarter Jun 2007

South

Australasia

South

Australasia

Africa Discontinued

Other

Africa

Discontinued

Other

Gold and silver revenue

433.0

66.3

–

381.8

69.5

–

Cash operating costs

(370.7)

(72.7)

–

(336.7)

(71.8)

–

Cash operating profit/(loss)

62.3

(6.4)

–

45.1

(2.3)

–

Administration and general other costs

(13.8)

(13.5)

(9.0)

(14.0)

(12.8)

(6.3)

Share-based payments

–

0.5

–

(8.2)

(1.6)

Exploration costs

–

(7.1)

–

(3.6)

–

Care and maintenance costs

–

(2.5)

–

(2.5)

Profit/(loss) from operations

48.5

(27.0)

(11.0)

31.1

(26.9)

(10.4)

Retrenchment costs

(0.4)

–

(0.7)

–

(7.3)

–

Investment income

4.8

(24.8)

(7.1)

3.0

10.9 3.6

Finance expense

(6.3)

(29.6)

(2.1)

3.8

(37.2)

8.2

Net operating profit/(loss)

46.6

(81.4)

(20.9)

37.9

(60.5)

1.4

Rehabilitation

(3.6)

–

(1.1)

(9.1)

0.4

(1.6)

Depreciation

(23.9)

(6.2)

4.2

(14.1)

(0.3)

3.3

Profit/(loss) on financial instruments

–

0.6

–

(9.2)

(2.8)

0.6

Movement in gold in process

(0.7)

(12.4)

0.1

2.5

(1.5)

–

Profit/(loss) before taxation

18.4

(99.4)

(17.7)

8.0

(64.7)

3.7

Taxation

–

(31.8) –

(0.2)

(8.8)

–

Deferred taxation

–

74.6

–

6.7

–

Profit/(loss) after taxation

18.4

(56.6)

(17.7)

7.8

(66.8)

3.7

CONDENSED CONSOLIDATED BALANCE SHEET

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Quarter

Quarter

Sep

Jun

Sep

2007

2007

2006

(Unaudited)

Balance at the beginning of the period

143.5

239.8

1 015.3

Share capital issued

26.6

54.7

41.5

– for acquisition finance and cash

28.0

44.9

40.0

– for share options exercised

–

0.3

– increase in share-based payment reserve

(0.5)

9.8

3.4

– for costs

(0.9)

–

(2.2)

Net profit/(loss) attributed to ordinary shareholders

757.1

(126.0)

(66.1)

Net profit/(loss) attributed to minority shareholders

207.0

(35.6)

(14.3)

Currency translation adjustments and other

117.6

10.6

116.9

Balance as at the end of the period

1 251.8

143.5

1 093.3

Reconciliation of headline profit/(loss)
Net profit/(loss)

757.1

(126.0)

(66.1)

Adjusted for:

– Impairments

–

86.4

–

– Impairment from discontinued operation

–

20.2

–

– Minority share of impairment

–

(13.8)

–

– Minority share of impairment from discontinued operation

–

(4.3)

–

– Profit on sale of Porgera

(1 008.0)

–

– Minority share of profit on sale of investments

219.0

(0.1)

–

– Profit on sale of investments

(12.0)

(0.1)

–

Headline loss

(43.9)

(37.7)

(66.1)

CONDENSED CONSOLIDATED CASH FLOW STATEMENT

Quarter

Quarter

Sep

Jun

Sep

2007

2007

2006

(Unaudited)

Net cash outflow from operations

(35.1)

(36.1)

(11.5)

Working capital changes

(274.6)

173.2

71.2

Net cash in/(out)flow from investing activities

1 870.4

(61.0)

(105.8)

Net cash (out)/inflow from financing activities

(1 059.6)

(3.7)

38.4

Increase/(decrease) in cash and cash equivalents

501.1

72.4

(7.7)

Translation adjustment

258.5

(61.2)

35.9

Opening cash and cash equivalents

137.7

126.5

489.0

Closing cash and cash equivalents

897.3

137.7

517.2

Cash classified as assets held for sale included in the closing balance

471.9

2.4

–

Reconciliation of net cash outflow from operations
Net operating profit

25.7

39.3

29.5

Net operating loss from discontinued operations

(81.4)

(60.5)

(41.9)

(55.7)

(21.2)

(12.4)

Adjusted for:
Interest provision

3.9

–

7.0

Amortisation of convertible cost

–

0.8

1.7

Financial instruments

(0.6)

2.8

4.2

Unrealised foreign exchange loss/(gain)

38.1

(6.1)

16.4

Growth in Environmental Trust Funds

(1.8)

(2.8)

(0.8)

Other non-cash items

38.5

3.3

3.4

Interest paid

(34.2)

0.5

(12.2)

Taxation paid

(23.3)

(13.4)

(18.8)

Net cash outflow from operations

(35.1)

(36.1)

(11.5)

South African operations

Blyvoor

Quarter

Quarter

Sep 2007

Jun 2007

Change

Sep 2006

Ore milled

Underground

t’000

194

184

182

Surface

t’000

856

932

(8)

966

Total

t’000

1 050

1 116

(6)

1 148

Yield

Underground

g/t

5.03

4.74

5.15

Surface

g/t

0.31

0.34

(9)

0.33

Total

g/t

1.18

1.07

1.10

Gold produced

Underground

31 347

28 036

30 125

975

872

937

Surface

8 488

10 255

(17)

10 352

264

319

(17)

322

Total

39 835

38 291

40 477

1 239

1 191

1 259

Cash operating costs

Underground

US$ per oz

667

665

–

627

ZAR per kg

152 673

152 290

–

144 491

ZAR per tonne

767

722

(6)

744

Surface

US$ per oz

406

283

(44)

293

ZAR per kg

92 992

64 627

(44)

67 565

ZAR per tonne

(32)

Total

US$ per oz

611

563

(9)

542

ZAR per kg

139 956

128 810

(9)

124 817

ZAR per tonne

165

137

(20)

137

Cash operating profit

US$ million

2.8

3.9

(28)

3.2

ZAR million

20.0

28.3

(29)

23.0

Capital expenditure (net)

US$ million

1.9

2.5

24 2.7

ZAR million

13.7

17.7

23 19.1

Total gold production rose by 4% to 39 835oz, reflecting a 12% increase in gold produced from underground to 31 347oz. Gold produced from surface sources was 17% lower at 8 488oz.

Higher underground gold production resulted from a 5% increase in throughput to 194 000t and a 6% increase in average grade to 5.03g/t. Lower levels of seismicity, improved stoping layouts, cleaner mining and better ventilation were among the factors that contributed to the improved performance.

An 8% decline in throughput to 856 000t and a 9% drop in average grade to 0.31g/t resulted in lower surface gold production. Harder, poorer-grade material recovered from the No 4 slimes dam and blended with higher-grade material to offset future rehabilitation liabilities compromised performance.An upgrade of the transfer station, commissioning of a wider diameter residue line and steps to increase the power of the water column are expected to contribute to improved recoveries going forward.

Total cash operating costs were 9% higher at US$611/oz.While underground cash operating costs were virtually unchanged at US$667/oz, surface cash operating costs rose by 44% to US$406/oz. Cash operating profit was down 29% at R20.0 million, reflecting lower surface gold production.

The Way Ahead Project to access No 2 Sub-shaft reserves from levels 27 to 35 of No 5 Shaft continued on schedule during the quarter. Stoping is expected to begin in March 2008.

KEY OPERATING AND FINANCIAL RESULTS (UNAUDITED)

Production oz

32 000

34 000

36 000

38 000

40 000

Dec 06

Mar 07

Jun 07

Sep 07

Revenue $/oz

Cash operating margin $/oz

500

550

600

650

700

Dec 06

Mar 07

Jun 07

Sep 07

Cash operating costs $/oz

$/oz

Gold production oz

Crown

Quarter

Quarter

Sep 2007

Jun 2007

Change

Sep 2006

Ore milled

t’000

2 147

2 107

2 056

Yield

g/t

0.35

0.33

0.42

Gold produced

24 371

22 667

27 521

758

705

856

Cash operating costs

US$ per oz

515

507

(1)

423

ZAR per kg

117 825

116 026

(2)

97 453

ZAR per tonne

(8)

Cash operating profit

US$ million

4.1

3.6

5.5

ZAR million

29.3

25.6

39.1

Capital expenditure (net)

US$ million

0.2

1.5

1.0

ZAR million

1.5

10.1

7.1

Gold production was 8% higher at 24 371oz.Throughput rose by 2% to 2 147 000t at an average grade of 0.35g/t, indicative of continuing benefit from recent infrastructural upgrades.

Although cash operating costs rose by 1% to US$515/oz, a consequence mainly of higher cyanide and lime prices and winter power tariffs, cash operating profit increased by 14% to R29.3 million.
Production build-up from the new, 3L2 slimes dam continues according to plan.

ERPM

Quarter

Quarter

Sep 2007

Jun 2007

Change

Sep 2006

Ore milled

Underground

t’000

Surface

t’000

511

500

435

Total

t’000

591

568

511

Yield

Underground

g/t

5.96

5.68

7.49

Surface

g/t

0.58

0.44

0.36

Total

g/t

1.31

1.07

1.42

Gold produced

Underground

15 336

12 410

18 325

477

386

570

Surface

9 615

7 137

5 016

299

222

156

Total

24 951

19 547

23 341

776

608

726

Cash operating costs

Underground

US$ per oz

676

840

510

ZAR per kg

154 828

192 358

117 481

ZAR per tonne

923

1 092

880

Surface

US$ per oz

498

535

599

ZAR per kg

114 063

122 599

137 949

ZAR per tonne

(22)

Total

US$ per oz

608

728

529

ZAR per kg

139 121

166 887

121 879

ZAR per tonne

183

179

(2)

173

Cash operating profit/(loss)

US$ million

1.8

(1.2)

250

2.1

ZAR million

13.0

(8.8)

248

15.1

Capital expenditure (net)

US$ million

0.9

2.0

1.1

ZAR million

6.2

14.5

8.1

Total gold production increased by 28% to 24 951oz, indicative of better performance from both the underground and surface operations.

Underground throughput rose by 18% to 80 000t and the average grade by 5% to 5.96g/t, resulting in a 24% increase in gold production to 15 336oz. Infrastructural upgrades in the eastern longwall area have contributed substantially to the improvement. Previously reported faulting is a challenge likely to continue for some months.

Underground mining of the Main Reef and Main Reef Leader at the mine’s Cason Shaft by an independent contractor is proceeding at a rate of
between 2 000 and 3 000 tpm at an average grade of 13g/t.The mined ore is treated through a separate stream at the ERPM plant. Mining is expected to continue for up to three years.

Gold production oz

Production oz

22 000

24 000

26 000

28 000

30 000

Dec 06

Mar 07

Jun 07

Sep 07

Revenue $/oz

Cash operating margin $/oz

350

400

500

600

700

Dec 06

Mar 07

Jun 07

Sep 07

650

550

450

Cash operating costs $/oz

$/oz

KEY OPERATING AND FINANCIAL RESULTS (UNAUDITED)

Surface gold production increased by 35% to 9 615oz, primarily as a consequence of a 32% improvement in the average grade to 0.58g/t.Throughput was 2% higher at 511 000t.

Total cash operating costs were 17% lower at US$608/oz, reflecting a 19% decrease in underground cash operating costs to US$676/oz and a 7% decrease in surface cash operating costs to US$498/oz. Higher production and lower costs resulted in a R13.0 million cash operating profit compared with an R8.8 million loss in the previous quarter.

Pumping of 60 megalitres of water a day from the Hercules Basin via recently upgraded pumping infrastructure is scheduled to begin shortly. The water will be used by the Crown surface retreatment operation. Completion of the extensive plugging project to isolate the Far East Vertical Shaft from rising water in the Central Witwatersrand Basin has been postponed to January 2008 to fit in with the mine’s capital expenditure programme.

Work to reduce the ERPM plant footprint is 90% complete, and is expected to substantially reduce the mine’s rehabilitation obligation in the longer term.

Discontinued operations

Tolukuma

Quarter

Quarter

Sep 2007

Jun 2007

Change

Sep 2006

Ore milled

t’000

(8)

Yield

g/t

6.91

6.71

8.77

Gold produced

10 033

10 561

(5)

12 141

311

329

(5)

377

Cash operating costs

US$ per oz

1 017

906

(12)

835

ZAR per kg

233 707

206 775

(13)

192 634

ZAR per tonne

1 615

1 388

(16)

1 689

Cash operating loss

US$ million

(0.9)

(2.4)

(3.0)

ZAR million

(6.5)

(17.3)

(20.8)

Capital expenditure (net)

US$ million

2.1

1.6

(31)

2.0

ZAR million

15.0

11.0

(36)

14.3

Gold production for the quarter was 5% lower at 10 033oz reflecting an 8% decrease in ore milled. Production during the quarter was impacted by power supply issues which resulted in reduced operations in the mill and underground. DRDGOLD announced on 22 October 2007 that it had disposed of its entire interest in Emperor.

Porgera

Quarter

Quarter

(20% share of Joint Venture)

Sep 2007

Jun 2007

Change

Sep 2006

Ore milled

t’000

–

262

Yield

g/t

–

3.48

Gold produced

–

29 379

–

913

Cash operating costs

US$ per oz

–

401

ZAR per kg

–

92 539

ZAR per tonne

–

322

Cash operating profit

US$ million

–

2.5

(100)

4.5

ZAR million

–

16.2

(100)

32.2

Capital expenditure (net)

US$ million

–

0.7

100

1.8

ZAR million

–

4.4

100

12.9

At a general meeing held on 27 July 2007, DRDGOLD shareholders approved the disposal by Emperor of its 20% interest in the Porgera Joint Venture to a subsidiary of Barrick Gold Corporation for a purchase consideration of US$250.0 million.The sale transaction was completed on 17 August 2007 for a final cash consideration of US$255.0 million, which included interest.The legal effective date of the transaction was 1 April 2007.

Gold production oz

Production oz

17 000

19 000

21 000

25 000

27 000

Dec 06

Mar 07

Jun 07

Sep 07

23 000

Revenue $/oz

Cash operating margin $/oz

600

750

Dec 06

Mar 07

Jun 07

Sep 07

700

650

Cash operating costs $/oz

$/oz

KEY OPERATING AND FINANCIAL RESULTS (UNAUDITED)

Vatukoula

Quarter

Quarter

Sep 2007

Jun 2007

Change

Sep 2006

Ore milled

t'000

–

Yield

g/t

–

6.74

Gold produced

–

17 338

–

539

Cash operating costs

US$ per oz

–

642

ZAR per kg

–

148 006

ZAR per tonne

–

997

Cash operating loss

US$ million

–

(1.7)

ZAR million

–

(12.4)

Capital expenditure (net)

US$ million

–

5.6

ZAR million

–

40.0

CASH OPERATING COSTS RECONCILIATION

South African Operations

Total Mine

R000 unless otherwise stated

Crown

ERPM

Blyvoor

Operations

Total cash costs

Sep 07 Qtr

96 019

116 383

178 574

390 976

Jun 07 Qtr

87 473

105 645

158 442

351 560

Movement in gold in process

Sep 07 Qtr

422

(1 294)

211

(661)

Jun 07 Qtr

(447)

3 982

(1 043)

2 492

Less: exploration, production taxes,

Sep 07 Qtr

3 498

2 882

1 577

7 957

rehabilitation and other costs

Jun 07 Qtr

(83)

2 210

1 607

3 734

Less: retrenchment costs

Sep 07 Qtr

–

359

–

359

Jun 07 Qtr

–

Less: corporate and general administration
costs

Sep 07 Qtr

3 632

3 890

3 802

11 324

Jun 07 Qtr

5 311

5 877

2 379

13 567

Cash operating costs

Sep 07 Qtr

89 311

107 958

173 406

370 675

Jun 07 Qtr

81 798

101 467

153 413

336 678

Gold produced – kg

Sep 07 Qtr

758

776

1 239

2 773

Jun 07 Qtr

705

608

1 191

2 504

Total cash operating costs – R/kg

Sep 07 Qtr

117 825

139 121

139 956

133 673

Jun 07 Qtr

116 026

166 887

128 810

134 456

Total cash operating costs – US$/oz

Sep 07 Qtr

515

608

611

584

Jun 07 Qtr

507

728

563

587

EXPLORATION AND DEVELOPMENT

Blyvoor

Surface

A 17.5 million lbs uranium and 0.8 million ton sulphur resource for the Blyvoor tailings dams, and a 236% increase in the mine’s surface gold mineral resource to 1.69 million oz, which include 134 000oz of surface rock dump resource, has been declared. The resource estimate was conducted by RSG Global, using information obtained from a 36-hole drilling and sampling programme and ensured that appropriate QA/QC procedures and assaying at an accredited laboratory were undertaken.

The mineral resources as tabulated below are classified in accordance with the South African Code for reporting of Mineral Resources and Mineral Reserves (“SAMREC”). The Resources also conform to the Australian Code for Reporting of Mineral Resources and Ore Reserves (“JORC”), the National Instrument 43-101 and the Security Exchange Commission (“SEC”) Guide 7 definitions.

Uranium mineral resource for the Blyvoor tailings dams (30 August 2007)
Dump

Classification

Million tonnes

U grade (g/t)

U content (lbs)

Blyvoor 1

Indicated

7.104

749,000

Blyvoor 4 & 5

Indicated

15.738

2,217,000

Blyvoor 6

Indicated

19.899

2,073,000

Blyvoor 7

Indicated

42.532

4,517,000

Doornfontein 1

Indicated

22.542

4,141,000

Doornfontein 2

Indicated

9.496

1,776,000

Doornfontein 3

Indicated

17.115

1,997,000

Total

Indicated 134.426

17,470,000

Sulphur mineral resource for the Blyvoor tailings dams (30 August 2007)
Dump

Classification

Million tonnes

S grade (%)

S content (tonnes)

Blyvoor 1

Indicated

7.104

0.47

33,100

Blyvoor 4 & 5

Indicated

15.738

0.94

147,800

Blyvoor 6

Indicated

19.899

0.57

112,900

Blyvoor 7

Indicated

42.532

0.58

246,100

Doornfontein 1

Indicated

22.542

0.51

115,500

Doornfontein 2

Indicated

9.496

0.47

45,000

Doornfontein 3

Indicated

17.115

0.55

94,500

Total

Indicated

134.426

0.59

794,900

Gold mineral resource for the Blyvoor tailings dams (30 August 2007)
Dump

Classification

Million tonnes

Au grade (g/t)

Au content (oz)

Blyvoor 1

Indicated

7.104

0.24

55,100

Blyvoor 4 & 5

Measured

15.738

0.73

371,500

Blyvoor 6

Indicated

19.899

0.29

184,700

Blyvoor 7

Indicated

42.532

0.37

502,000

Doornfontein 1

Indicated

22.542

0.30

215,000

Doornfontein 2

Indicated

9.496

0.30

91,900

Doornfontein 3

Indicated

17.115

0.24

132,200

Total

Measured

15.738

0.73

371,500

Total

Indicated

118.688

0.30

1,180,900

Underground
The exploration drilling programme to evaluate the south-west down dip extension of the ore body south of the Boulder Dyke is currently in the opening up phase.

Crown
Exploration drilling is currently under way to define the uranium potential of all Crown’s current deposition sites.

ERPM
The drilling of two holes on 66 level Drive West confirmed the presence of 30m and 10m wide dykes. Drilling from 73 East 4 is currently at 65m, the expected position of a major fault. Further drilling from 73 East 1 panel will firm up on the position of the major structure and ascertain if lateral displacement by younger strike faults has occurred. An independent technical review (“CPR”) conducted by RSG Global has upgraded the Elsburg tailings dams from an indicated to a measured resource (171.6 million tons at 0.31g/t). Additional work is being undertaken to define uranium and sulphur resources for the dams.

ERPM Extension 1 (Sallies)
During the quarter, prospecting was confined within the mining lease area. However, on completion of the current drilling at 73 East 4, drilling will begin from 70 level footwall drive east to prospect within Extension 1.The DME has granted permission to overstope exploration development.

ERPM Extension 2 (Sallies)
Historical geological reports and plans pertaining to ERPM Extension 2 have been sourced, categorised and reviewed. Securing of additional information, including boreholes and sampling data, is in progress.

Argonaut
An application for an extension to the granted prospecting right was rejected on the grounds that the revised prospecting area underlies a residential township. Consequently, no exploration activity was conducted within the granted prospecting right during the quarter under review. A request for ministerial approval in terms of Section 48 of the Mineral and Petroleum Resources Development Act to apply for a permit over the residential area is being pursued.

DIRECTORS

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

Executive:

Non-executives:

Company Secretary:

JWC Sayers (Chief Executive Officer)

J Turk ***

TJ Gwebu

Alternate:

Independent non-executives:

JH Dissel (Acting Chief Financial Officer)

RP Hume

GC Campbell* (Non-Executive Chairman)

D Blackmur ** (Senior Non-Executive Director)

For further information, contact John Sayers at:

Tel: (+27-11) 219-8700 • Fax: (+27-11) 476-2637 • website: http://www.drdgold.com

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

Change to the Board of Directors

DRDGOLD is pleased to announce that Mr Edmund Jeneker has joined the board as an independent non-executive director with effect from 1 November 2007.

2008 FINANCIAL YEAR

DRDGOLD LIMITED