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 May 2008

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 May 2008, incorporated
by reference herein:

Exhibit

99.1 Release dated May 9, 2008, entitled “REPORT TO SHAREHOLDERS FOR THE
QUARTER AND NINE MONTHS ENDED 31 MARCH 2008.”

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: May 9, 2008

By: /s/ Themba Gwebu

Name: Themba Gwebu

Title: Company Secretary

REPORT TO SHAREHOLDERS FOR THE QUARTER AND NINE
MONTHS ENDED 31 MARCH 2008

2008 FINANCIAL YEAR

DRDGOLD LIMITED

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

KEY FEATURES
• Safety: fatality-free quarter
• 199% increase in cash operating profit, to R142.2 million from R47.6 million
• 3% drop in cash operating costs, to R356.4 million from R369.3 million
• R103.3 million headline profit, up from R9.2 million
• Strong balance sheet supports current and future growth

REVIEW OF OPERATIONS

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

Group

2008

2007

Change

2007

2008

2007

Gold production

South African operations

70 378

77 259

(9)

75 330

236 794

253 991

2 189

2 403

(9)

2 343

7 365

7 900

Discontinued operations

–

3 394

na*

28 437

13 427

132 099

–

106 na

884

417

4 106

Group

70 378

80 653

(13)

103 767

250 221

386 090

2 189

2 509

(13)

3 227

7 782

12 006

Cash operating costs

South African operations

US$ per oz

667

703 5

572

647

524

ZAR per kg

162 806

153 690

(6)

133 492

148 863

122 288

Discontinued operations

US$ per oz

–

1 336

707

1 098

624

ZAR per kg

–

281 613

164 963

252 775

145 590

Group

US$ per oz

667

730 9

606

672

558

ZAR per kg

162 806

159 094

(2)

141 449

154 431

130 257

Gold price received

US$ per oz

943

797 18

663

796

633

ZAR per kg

228 836

173 606

154 629

182 993

147 652

Capital expenditure

US$ million

4.7

6.7 30 9.0

16.5

34.7

ZAR million

35.6

45.3 21

65.9

117.4

252.0

Average exchange rate

ZAR:US$

7.55

6.78 (11)

7.25

7.15

7.26

* na: not applicable

GROUP RESULTS (Unaudited)

DRDGOLD SA: cash operating margin US$/oz

Revenue US$/oz
Cash operating costs US$/oz

Jun 07

Sep 07

Dec 07

Mar 08

500

600

700

800

900

1 000

US$/oz

DRDGOLD SA: cash operating margin R million

Revenue Rm
Cash operating costs Rm

Jun 07

Sep 07

Dec 07

Mar 08

250

300

350

400

450

500

R million

Quarter

DRDGOLD SA: gold production (oz)

Gold production

Jun 07

Sep 07

Dec 07

Mar 08

50 000

55 000

60 000

65 000

70 000

75 000

80 000

85 000

90 000

Quarter

STOCK

Issued capital

376 432 389 ordinary no par value shares

5 000 000 cumulative preference shares

Total ordinary no par value shares issued and committed: 392 700 599

Stock traded

JSE

NASDAQ

Average volume for the quarter per day (’000)

1 873

4 101

% of issued stock traded (annualised)

130

284

Price • High

R10.25

US$1.352

• Low

R5.05

US$0.714

• Close

R8.25

US$0.980

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 2007, which we filed with the United States Securities and Exchange Commission on 14 December 2007 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

I am pleased and encouraged to be able to report that the operations of DRDGOLD recorded a quarter free of fatalities. However, an operation-by-operation examination of other key safety indicators – Dressing Station Injury Frequency Rate (“DSIFR”), Disabling Injury Frequency Rate (“DIFR”) and Reportable Injury Frequency Rate (“RIFR”) – shows a generally poorer performance. This demands continuous attention by both management and employees.

As previously reported, research has shown behaviour to be a major
cause of accidents. In response to this, operational management is
engaging with employees and their representatives as well as contractors
and their employees to secure buy-in for the design and piloting of a
behaviour-based safety programme at Blyvooruitzicht Gold Mining
Company Limited (“Blyvoor”). Successful implementation at Blyvoor will
be followed by a roll-out of the programme to the other
operations.

Copy to come

Production

Group gold production from continuing operations was 9% lower at
70 378 ounces (“oz”), due both to the negative impact of Eskom power
cuts in January at the underground operations and to a significant drop
in underground grade at ERPM, which is reported in more detail below.
We estimate that, had it not been for the power cuts, our operations
would have produced an additional 3 000oz.

Financial

Group revenue was 20% higher at R498.6 million, a consequence of a
32% increase in the average gold price received to R228 836/kg. After
accounting for cash operating unit costs, which were 2% higher at
R162 806/kg, cash operating profit was 199% higher at R142.2 million.

Corporate and Board appointments

I am pleased to announce the appointment of Craig Barnes as Chief
Financial Officer (“CFO”) and an Executive Director of DRDGOLD
Limited. Craig was previously Chief Financial Officer of DRDGOLD
South African Operations (Pty) Limited (“DRDGOLD SA”). Kobus
Dissel, who has been DRDGOLD CFO in an acting capacity, continues
as Financial Manager: Corporate Services.

Niel Pretorius, Chief Executive Officer of DRDGOLD SA, has been
appointed Managing Director (South Africa) for DRDGOLD.

DRDGOLD closing share price

Jun 07

Sep 07

Dec 07

Mar 08

Quarter

Looking ahead

For so long as South Africa’s current power dilemma continues, it will be

difficult to anticipate operational performance going forward. However,

provided that Eskom is able to continue to supply power at 95% of its

previous level and to continue to give notice of impending cuts, we

remain optimistic that – all other operational factors remaining stable –

we will be able to maintain current production levels.

The aforementioned decline in underground grade at ERPM is an

unfortunate reversal; the pattern of declining production and rising costs

over a number of quarters simply cannot be allowed to continue. As

previously reported, management anticipates a re-organisation and right-

sizing of ERPM’s underground operations. In compliance with the

requirements of the Labour Relations Act, a 60-day facilitated process of

formal consultation with representative unions has begun.

It is fortuitous that the aforementioned reversals come at a time of

gold price buoyancy, but we are conscious that we cannot fall into

complacency and that our drive to return the South African operations

to sustainable stability must continue apace. Further, we must continue

to pursue growth, in terms of both our various brownfields

underground projects and surface retreatment.

In our view, we have complied with all the requirements for a mining

licence to mine the Top Star dump. We enquire on a weekly basis

regarding the progress of our application, and still await a positive

response from the Department of Minerals and Energy (“DME”).

It is pleasing to report, in closing, that at the Ergo JV with Mintails,

Phase 1 refurbishment of the Brakpan plant is on track, the site

establishment plan for the recovery of the Benoni dump has been

finalised, preparations for the installation of the necessary pipelines have

begun, and the rehabilitation contract for the Brakpan tailings facility has

been awarded. In respect of Phase 2, a specialist process engineer has

been appointed in an overseeing capacity, consultants have been

appointed to conduct uranium and sulphuric acid feasibility studies and

dump evaluation continues.

John Sayers

Chief Executive Officer

9 May 2008

CONDENSED CONSOLIDATED INCOME STATEMENT

Quarter

Quarter

9 months to

9 months to

Mar 2008

Dec 2007

Mar 2007

31 Mar 2008

31 Mar 2007

(Unaudited)

Continuing operations

Gold and silver revenue

498.6

416.9 356.2

1 348.5

1 153.0

Cash operating costs

(356.4)

(369.3)

(312.8)

(1 096.4)

(966.1)

Cash operating profit

142.2

47.6 43.4

252.1

186.9

Administration and general other costs

(21.3)

(17.7)

(21.5)

(61.8)

(85.8)

Share-based payments

(0.3)

(0.9)

(2.0)

(0.7)

(5.9)

Care and maintenance costs

(2.3)

(2.8)

(3.2)

(7.6)

(8.1)

Profit from operations

118.3

26.2 16.7

182.0

87.1

Retrenchment costs

–

(5.1)

(0.8)

(6.2)

(0.9)

Investment income

27.5

15.4 4.8

40.6

14.1

Finance expense

(4.7)

(4.8)

(2.7)

(17.9)

(33.4)

Net operating profit

141.1

31.7 18.0

198.5

66.9

Rehabilitation

(4.7)

(4.8)

(3.1)

(14.2)

(9.3)

Depreciation

(18.4)

(19.9)

(18.6)

(58.0)

(53.1)

Loss on financial instruments

–

(0.8)

–

(0.8)

–

Movement in gold in process

(0.1)

1.3 (1.0)

0.6

0.4

Profit/(loss) before taxation

117.9

7.5 (4.7)

126.1

4.9

Taxation

(13.6)

(3.5)

(0.2)

(17.1)

(0.5)

Profit/(loss) after taxation

104.3

4.0 (4.9)

109.0

4.4

Profit/(loss) on sale of investments

–

– –

12.0

(7.8)

Impairments

–

– – –

15.6

Discontinued operations

Profit/(loss) for the period from discontinued operations

(1.3)

6.6 (83.3)

(51.3)

(319.2)

Profit on sale of investments

30.3

118.3 90.6

1 156.6

90.6

Impairment from discontinued operations

(1.3)

(44.4)

(3.9)

(45.7)

(787.0)

Net profit/(loss) for the period

132.0

84.5 (1.5)

1 180.6

(1 003.4)

Attributable to:

Minority interest

27.6

(8.7)

3.5

225.9

(204.9)

Ordinary shareholders of the company

104.4

93.2 (5.0)

954.7

(798.5)

132.0

84.5 (1.5)

1 180.6

(1 003.4)

Headline profit/(loss) per share – cents

– From continuing operations

27.7

1.1 (2.2)

29.0

1.3

– From total operations

27.5

2.4 (21.2)

18.3

(74.4)

Basic profit/(loss) per share – cents

– From continuing operations

27.7

1.1 (2.2)

32.2

3.7

– From total operations

27.7

24.8 (1.4)

254.0

(240.6)

Calculated on the weighted average ordinary

shares issued of:

376 228 788

376 141 981

345 510 540

375 852 976

331 852 870

Diluted headline profit/(loss) per share – cents

27.5

2.4 (21.2)

18.3

(74.4)

Diluted basic profit/(loss) per share – cents

27.7

24.8 (1.4)

254.0

(240.6)

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

Standards (“IFRS”).

CONDENSED CONSOLIDATED BALANCE SHEET

As at

As at

31 Mar

31 Dec

31 Mar

2008

2007

(Unaudited)

Assets
Property, plant and equipment

669.1

652.3 704.6

Investments

57.7

57.7 62.0

Environmental rehabilitation trust funds

86.6

82.8 71.1

Current assets

1 050.6

956.6 1 170.4

Inventories

51.0

69.2 99.6

Trade and other receivables

186.5

123.2 66.5

Financial assets

–

– 10.7

Cash and cash equivalents

790.4

749.2 108.3

Assets classified as held for sale

22.7

15.0 885.3

1 864.0

1 749.4

2 008.1

Equity and liabilities
Equity

1 248.6

1 130.2

239.8

Shareholders’ equity

1 186.1

1 083.5

204.9

Minority shareholders' interest

62.5

46.7 34.9

Long-term liabilities

49.2

49.2 130.2

Post-retirement and other employee benefits

22.1

21.5 21.6

Provision for environmental rehabilitation

296.9

288.3 276.0

Deferred mining and income taxes

–

– 101.6

Current liabilities

247.2

260.2 1 238.9

Trade and other liabilities

247.2

260.2 346.2

Financial liabilities

–

– 240.9

Current portion of long-term liabilities

–

– 530.6

Liabilities classified as held for sale

–

– 121.2

1 864.0

1 749.4

2 008.1

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Quarter

Quarter

9 months to

9 months to

Mar

Dec

Mar

31 Mar

31 Mar

2008

2007

2008

2007

(Unaudited)

Balance at the beginning of the period

1 130.2

1 251.8

109.5

143.5

1 015.3

Share capital issued

1.6

0.9 142.5 29.1

268.7

– for acquisition finance and cash

–

– 141.4 28.0

269.6

– for share options exercised

1.6

– –

1.6

1.0

– increase in share-based payment reserve

0.3

0.9 2.0 0.7

5.9

– for costs

(0.3)

– (0.9)

(1.2)

(7.8)

Net profit/(loss) attributed to ordinary shareholders

104.4

93.2 (5.0)

954.7

(798.5)

Net profit/(loss) attributed to minority shareholders

27.6

(8.7)

3.5

225.9

(204.9)

(Decrease)/increase in minorities

(37.2)

(152.1)

–

(189.3)

18.5

Currency translation adjustments and other

22.0

(54.9)

(10.7)

84.7

(59.3)

Balance as at the end of the period

1 248.6

1 130.2

239.8

1 248.6

239.8

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

104.4

93.2 (5.0)

954.7

(798.5)

Adjusted for:
– Impairments

–

– – –

(15.6)

– Impairment from discontinued operation

1.3

44.4 3.9

45.7

787.0

– Minority share of impairment from discontinued operation

(0.2)

(9.5)

(0.8)

(9.7)

(205.2)

– Profit on sale of discontinued operations

(30.3)

(118.3)

(90.6)

(1 156.6)

(90.6)

– Minority share of profit on sale of investments

28.1

(0.6)

19.3

246.5

68.2

– Profit on sale of investments

–

– –

(12.0)

7.8

Headline profit/(loss)

103.3

9.2 (73.2)

68.6

(246.9)

CONDENSED CONSOLIDATED CASH FLOW STATEMENT

Quarter

Quarter

9 months to

9 months to

Mar

Dec

Mar

31 Mar

31 Mar

2008

2007

2008

2007

(Unaudited)

Net cash in/(out)flow from operations

137.5

13.3 (15.8)

115.7

(111.5)

Working capital changes

(85.7)

(373.5)

(64.5)

(733.8)

63.9

Net cash (out)/inflow from investing activities

(36.0)

240.9 (73.2)

2 075.3

(251.1)

Net cash in/(out)flow from financing activities

1.6

20.1 113.5

(1 037.9)

(51.5)

Increase/(decrease) in cash and cash equivalents

17.4

(99.2)

(40.0)

419.3

(350.2)

Translation adjustment

23.8

(48.9)

(2.2)

233.4

(12.3)

Opening cash and cash equivalents

749.2

897.3 168.7 137.7

489.0

Closing cash and cash equivalents

790.4

749.2 126.5 790.4

126.5

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

–

18.2

–

18.2

Reconciliation of net cash outflow from operations
Net operating profit

141.1

31.7 18.0

198.5

66.9

Net operating loss from discontinued operations

(3.1)

(25.7)

(24.6)

(110.2)

(168.1)

138.0

6.0 (6.6)

88.3

(101.2)

Adjusted for:
Interest provision

–

(3.9)

–

Amortisation of convertible cost

–

3.5

Financial instruments

–

1.8 21.0 1.2

48.9

Unrealised foreign exchange (gain)/loss

(3.3)

4.2 (7.9)

39.0

(1.3)

Growth in environmental trust funds

(3.8)

(2.0)

(2.2)

(10.8)

(5.3)

Other non-cash items

6.8

8.4 1.3

56.9

41.5

Interest paid

(0.2)

(1.6)

(20.2)

(36.0)

(76.7)

Taxation paid

–

0.4 (1.2)

(22.9)

(20.9)

Net cash in/(out)flow from operations

137.5

13.3 (15.8)

115.7

(111.5)

South African operations

Blyvoor

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

2008

2007

Change

2007

2008

2007

Ore milled

Underground

t'000

155

164 (5)

141

513

506

Surface

t'000

946

937 1

900

2 739

2 762

Total

t'000

1 101

1 101

–

1 041

3 252

3 268

Yield

Underground

g/t

4.48

4.80 (7)

4.97

4.79

5.07

Surface

g/t

0.33

0.30 10

0.38

0.31

0.34

Total

g/t

0.91

0.97 (6)

1.00

1.02

1.08

Gold produced

Underground

22 312

25 302

(12)

22 538

78 961

82 435

694

787 (12)

701

2 456

2 564

Surface

10 031

9 131

11 092

27 650

30 543

312

284 10

345

860

950

Total

32 343

34 433

(6)

33 630

106 611

112 978

1 006

1 071

(6)

1 046

3 316

3 514

Cash operating costs

Underground

US$ per oz

814

823 1

714

758

635

ZAR per kg

198 768

179 621

(11)

166 572

174 333

148 034

ZAR per tonne

890

862 (3)

828

835

750

Surface

US$ per oz

350

418 16

265

390

289

ZAR per kg

85 026

91 415

61 855

89 581

67 386

ZAR per tonne

28 –

Total

US$ per oz

670

715 6

566

663

541

ZAR per kg

163 492

156 232

(5)

132 033

152 353

126 231

ZAR per tonne

149

152 2

133

155

136

Cash operating profit

US$ million

8.7

2.9 200 2.9 14.4

9.6

ZAR million

63.7

19.6 225 20.9

103.3

69.3

Capital expenditure (net)

US$ million

2.1

2.5 16 2.0 6.5

7.0

ZAR million

15.5

17.0 9

14.8

46.2

50.8

Total gold production was 6% lower at 32 343oz, a consequence mainly of the impact of Eskom power cuts in January on underground gold production,
which was 12% lower at 22 312oz. Surface production increased by 10% to 10 031oz.

Underground throughput was 5% down at 155 000 tonnes (“t”), a consequence of five production days lost due to power outages. Full production was
restored only after nine days. Underground yield was 7% lower at 4.48 grammes per tonne (“g/t“).

Higher gold production from surface sources resulted mainly from a 10% increase in yield to 0.33g/t. Surface throughput was 1% higher at 946 000t.
Total cash operating unit costs were 6% lower at US$670/oz.This reflects a 1% decrease in underground cash operating unit costs to US$814/oz due
mainly to lower consumption of stores and lower overtime paid, and a 16% decrease in surface cash operating unit costs, arising from higher gold
production.

Cash operating profit was 225% higher at R63.7 million, reflecting both an increase in the average gold price received and a deterioration of the South
African Rand against the United States Dollar.

Capital expenditure for the quarter of R15.5 million was directed mainly towards the cost of the Way Ahead Project raise boring.

First production from the Way Ahead Project is on track for the September quarter. The first raise borehole between 31 and 33 levels has been
completed and work on the second, between 27 and 31 levels, is scheduled for completion by the end of July.

Drilling of the first exploration hole in the southern extension of the mine’s lease area has begun.

At No 6 Shaft, work has begun on the 15/29 Incline Project. Some R3.5 million will be spent to open up Main Reef and Carbon Leader reserves of
some 540 000m2 with a recovered grade averaging 4.8g/t. Mining at a rate of 12 000t per month, the project has an estimated life of 10 years. Productionis expected to begin during the last quarter of calendar 2008 at a rate of 1 000t per month, rising to 12 000t per month over the ensuing 12 months.

The mine continues to operate at full production, well within the 95% power consumption limit agreed with Eskom. Savings are achieved by cutting
power supply to the mine village for four hours a day, shutting down underground compressors between 16:00 and 21:00 daily and re-scheduling
pumping to off-peak periods.

KEY OPERATING AND FINANCIAL RESULTS

Production oz

Gold production oz

Jun 07

Sep 07

Dec 07

Mar 08

25 000

30 000

35 000

40 000

45 000

50 000

Cash operating margin US$/oz

Revenue
Cash operating costs US$/oz

Jun 07

Sep 07

Dec 07

Mar 08

500

600

700

800

900

1 000

US$/oz

Cash operating margin R million

Revenue Rm
Cash operating costs Rm

Jun 07

Sep 07

Dec 07

Mar 08

100

150

200

250

300

R million

Quarter

Crown

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

2008

2007

Change

2007

2008

2007

Ore milled

t'000

1 919

2 138

(10)

2 011

6 204

6 298

Yield

g/t

0.34

0.30 13

0.36

0.33

0.40

Gold produced

20 673

20 737

–

23 180

65 781

80 344

643

645 –

721

2 046

2 499

Cash operating costs

US$ per oz

557

617 10

491

560

434

ZAR per kg

135 855

134 798

(1)

114 423

128 842

101 174

ZAR per tonne

41 (12)

41 42

Cash operating profit

US$ million

8.3

3.6 131 3.8 16.0

15.5

ZAR million

60.4

24.6 146 27.5

114.3

112.6

Capital expenditure (net)

US$ million

0.4

0.3 (33)

1.2 0.9

2.7

ZAR million

2.5

2.2 (14)

9.0 6.2

19.9

Gold production was steady at 20 673oz.While average yield increased by 13% to 0.34g/t, reflecting selective recovery of residual high-grade material
and residues from the CMR and 4A9 sites, throughput was 10% lower at 1 919 000t.This resulted both from heavy rains in January and February and
from a generally slower recovery rate arising from the aforementioned selective recovery of residual high-grade material.

Cash operating unit costs were 10% lower at US$557/oz. Cash operating profit increased by 146% to R60.4 million, reflecting the higher average gold
price received and a higher average Rand:US Dollar exchange rate.

ERPM

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

2008

2007

Change

2007

2008

2007

Ore milled

Underground

t'000

72 8

235

201

Surface

t'000

491

504 (3)

430

1 501

1 253

Total

t'000

569

576 (1)

491

1 736

1 454

Yield

Underground

g/t

4.68

7.11 (34)

6.52

6.06

7.06

Surface

g/t

0.36

0.35 3

0.41

0.38

0.37

Total

g/t

0.95

1.19 (20)

1.17

1.15

1.30

Gold produced

Underground

11 735

16 463

(29)

12 796

45 882

45 653

365

512 (29)

398

1 427

1 420

Surface

5 627

5 626

–

5 724

18 520

15 016

175

175 –

178

576

467

Total

17 362

22 089

(21)

18 520

64 402

60 669

540

687 (21)

576

2 003

1 887

Cash operating costs

Underground

US$ per oz

967

777 (24)

711 776

604

ZAR per kg

235 250

170 171

(38)

165 952

178 328

140 795

ZAR per tonne

1 101

1 210

1 083

1 081

994

Surface

US$ per oz

427

729 41

629

552

640

ZAR per kg

106 789

159 537

146 725

126 884

149 332

ZAR per tonne

55 31 61 49

Total

US$ per oz

792

765 (3)

686

711

613

ZAR per kg

193 619

167 463

(16)

160 010

163 534

142 908

ZAR per tonne

184

200 8

188

189

185

Cash operating profit/(loss)

US$ million

2.4

0.6 300 (0.7)

4.8

0.7

ZAR million

18.0

3.5 414 (5.0)

34.5

5.0

Capital expenditure (net)

US$ million

0.7

1.3 46 1.3 2.9

3.6

ZAR million

5.8

9.0 36 9.5

21.0

26.1

KEY OPERATING AND FINANCIAL RESULTS

Production oz

Gold production

Jun 07

Sep 07

Dec 07

Mar 08

18 000

20 000

22 000

24 000

26 000

Quarter

Cash operating margin US$/oz

Revenue
Cash operating costs US$/oz

Jun 07

Sep 07

Dec 07

Mar 08

400

500

600

700

800

900

1 000

$/oz

Quarter

Cash operating margin R million

Revenue Rm
Cash operating costs Rm

Jun 07

Sep 07

Dec 07

Mar 08

100

125

150

R million

Total gold production was 21% lower at 17 362oz, reflecting a 29% drop in gold production from underground to 11 735oz. Surface gold production
was steady at 5 627oz.

Lower underground production resulted mainly from a 34% drop in yield to 4.68g/t.This resulted from a temporary stoppage to mining in two high-
grade longwalls on 71 and 72 levels due to build up of stress as a result of the increased rate of mining during the previous quarter. Underground
throughput was 8% higher at 78 000t but was nonetheless negatively affected both by Eskom’s power cuts in January and by compressor and No 5
ice plant breakdowns.

A 3% increase in surface yield to 0.36g/t was negated by a 3% drop in throughput from the Cason Dump to 491 000t, a consequence of a power
outage caused by flooding of the Angelo main pump station.

Total cash operating unit costs were 3% higher at US$792/oz, This resulted from a 24% increase in underground cash operating unit costs to
US$967/oz, a consequence of lower underground gold production. Surface cash operating unit costs were 41% lower at US$427/oz.

Cash operating profit was 414% higher at R18 million, due both to the higher average gold price received and a higher average Rand:US Dollar
exchange rate.

The plugging project has been completed at Far East Vertical Shaft and is 95% complete at South East Vertical Shaft.

Discontinued operations – Emperor Mines Limited

Tolukuma

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

2008

2007

Change

2007

2008

2007

Ore milled

t'000

–

11 na

48 56

136

Yield

g/t

–

9.64 na

6.15

7.45

7.68

Gold produced

–

3 394

9 483

13 427

33 620

–

106 na

295

417

1 045

Cash operating costs

US$ per oz

–

1 336

922

1 098

857

ZAR per kg

–

292 887

215 146

248 751

199 947

ZAR per tonne

–

2 822

1 322

1 852

1 536

Cash operating loss

US$ million

–

(1.7)

(0.8)

(2.6)

(4.9)

ZAR million

–

(11.5)

(6.1)

(18.0)

(35.2)

Capital expenditure (net)

US$ million

–

0.1 na

1.3 2.2

4.9

ZAR million

–

0.3 na

9.5

15.3

35.6

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.

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

Porgera (20% Share of Joint Venture)2008

2007

Change

2007

2008

2007

Ore milled

t'000

–

– –

214 –

714

Yield

g/t

–

– –

2.69 –

3.12

Gold produced

–

– –

525 –

71 570

–

– –

576 –

2 225

Cash operating costs

US$ per oz

–

– –

597 –

450

ZAR per kg

–

– –

139

262 –

105 063

ZAR per tonne

–

– –

375 –

327

Cash operating profit

US$ million

–

– –

2.9 –

10.7

ZAR million

–

– –

21.2 –

77.6

Capital expenditure (net)

US$ million

–

– –

3.1 –

7.6

ZAR million

–

– –

22.3 –

55.2

Production oz

Gold production

Jun 07

Sep 07

Dec 07

Mar 08

15 000

17 000

19 000

21 000

23 000

25 000

27 000

Quarter

Cash operating margin US$/oz

Revenue
Cash operating costs US$/oz

Jun 07

Sep 07

Dec 07

Mar 08

500

600

700

800

900

1 000

$/oz

Quarter

Cash operating margin R million

Revenue Rm
Cash operating costs Rm

Jun 07

Sep 07

Dec 07

Mar 08

100

150

R million

Quarter

KEY OPERATING AND FINANCIAL RESULTS

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 20or

Vatukoula

Quarter

Quarter

9 months

9 months

Mar

Dec

Mar

to 31 Mar

to 31 Mar

2008

2007

Change

2007

2008

2007

Ore milled

t'000

–

– – – –

117

Yield

g/t

–

– – – –

7.15

Gold produced

–

– –

429 –

26 910

–

– –

13 –

836

Cash operating costs

US$ per oz

–

– – – –

795

ZAR per kg

–

– – – –

189 986

ZAR per tonne

–

– – – –

1 358

Cash operating profit/(loss)

US$ million

–

– –

1.0 –

(4.5)

ZAR million

–

– –

7.1 –

(36.9)

Capital expenditure (net)

US$ million

–

– –

0.1 –

9.2

ZAR million

–

– –

0.7 –

66.2

The sale of DRDGOLD’s interest in Emperor Mines Limited was completed on 22 October 2007.There have been no material changes to the

DRDGOLD’s Mineral Resource and Ore Reserve statement published in the annual report to the year ended 30 June 2007.

CASH OPERATING COSTS RECONCILIATION

South African Operations

Total Mine

R000 unless otherwise stated

Crown

ERPM

Blyvoor

Operations

Total cash costs

Mar 08 Qtr

93 258

111 616

170 595

375 469

Dec 07 Qtr

93 557

120 769

172 440

386 766

9 months to Mar 08

282 834

348 768

521 609

1 153 211

Movement in gold in process

Mar 08 Qtr

945

(373)

(606)

(34)

Dec 07 Qtr

687

442

163

1 292

9 months to Mar 08

2 054

(1 225)

(232)

597

Less: production taxes, rehabilitation and other

Mar 08 Qtr

3 369

2 266

1 515

7 150

Dec 07 Qtr

3 664

2 224

1 518

7 406

9 months to Mar 08

10 531

7 372

4 610

22 513

Less: retrenchment costs

Mar 08 Qtr

–

Dec 07 Qtr

–

9 months to Mar 08

–

366

–

366

Less: corporate and general administration costs

Mar 08 Qtr

3 479

4 423

4 001

11 903

Dec 07 Qtr

3 635

3 933

3 761

11 329

9 months to Mar 08

10 746

12 246

11 564

34 556

Cash operating costs

Mar 08 Qtr

87 355

104 554

164 473

356 382

Dec 07 Qtr

86 945

115 047

167 324

369 316

9 months to Mar 08

263 611

327 559

505 203

1 096 373

Gold produced

Mar 08 Qtr

643

540

1 006

2 189

Dec 07 Qtr

645

687

1 071

2 403

9 months to Mar 08

2 046

2 003

3 316

7 365

Total cash operating costs – R/kg

Mar 08 Qtr

135 855

193 619

163 492

162 806

Dec 07 Qtr

134 798

167 463

156 232

153 690

9 months to Mar 08

128 842

163 534

152 353

148 863

Total cash operating costs – US$/oz

Mar 08 Qtr

557 792 670 667

Dec 07 Qtr

617

765

715

703

9 months to Mar 08

560

711

663

647

EXPLORATION AND DEVELOPMENT

ERPM
Drilling is in progress from 73 E 1, to verify the presence of lateral displacement of the major dip fault by an east west trending dyke, as interpreted
by previous drilling.

ERPM Extension 1 (Sallies)
The Annual Prospecting Report has been submitted to the DME. During the quarter, prospecting was confined within the mining lease area, however
future drilling is planned from 70 level footwall drive east and is expected to intersect reef, close to or within Extension 1.

Crown/ERGO
During the quarter exploration activity was concentrated on the ERGO Joint Venture to obtain a National Instrument 43-101-compliant gold, uranium
and sulphur resource.To date, drilling and sampling of 10 holes per dump, to soil intersection, has been completed at the Elsburg, Mooifontein, GMTS,
Homestead and Daggerfontein complexes. Rooikraal has been partially drilled, with future drilling, planned for Grootvlei, Marievale and Brakpan. All
sampling has been completed in the prescribed manner and submitted to ALS Global, an independent accredited laboratory, for assay. Currently there
is a three-month turnaround period on the assays. Additional drilling has been undertaken at Elsburg to generate material for metallurgical test work.
All relevant technical information pertaining to the complexes is forwarded to RSG Global, for the generation of the Competent Persons Report.
During the quarter they have declared a SAMREC-compliant Measured gold resource for Benoni of 14.3 million tons at 0.361g/t.

Blyvoor
An exploration drilling programme has been scheduled out and drilling has commenced with three air machines, drilling cover and structure holes,
at 38 21 (south west block), 38 4 and 35 29 S2 (Alpha dyke). A fourth hydraulic machine is on site and being transported to 38 Level.

DIRECTORS

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

Executives:

Non-executive:

Company Secretary:

JWC Sayers (Chief Executive Officer)

J Turk***

TJ Gwebu

CC Barnes (Chief Financial Officer)

Independent non-executives:

D Blackmur** (Senior Non-Executive Director)

GC Campbell* (Non-Executive Chairman)

RP Hume

EA Jeneker

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

2008 FINANCIAL YEAR

DRDGOLD LIMITED