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 August 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            No

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 August 2008, incorporated
by reference herein:

Exhibit

99.1

Release dated August 20, 2008, entitled “ SAMREC COMPLIANT GOLD, URANIUM AND
SULPHUR RESOURCES FOR THE ELSBURG TAILINGS DAM COMPLEX

99.2

Release dated August 21, 2008 entitled “REPORT TO SHAREHOLDERS FOR THE
QUARTER AND YEAR ENDED 30 JUNE 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: August 21, 2008

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: DROO

("DRDGOLD" or "the company")

SAMREC compliant Gold, Uranium and Sulphur Resources for the Elsburg Tailings Dam Complex

DRDGOLD is pleased to advise it has received an Independent Competent Person’s Report (“CPR”)

prepared by RSG Global Consulting Pty Ltd (“RSG”) in relation to a resource estimation statement for the

Elsburg Tailings Dam Complex (“the Elsburg Complex”). The Elsburg Complex, which forms part of the

company’s 50/50 Ergo Mines Joint Venture with Mintails Limited, comprises five tailings dams near the
township of Reiger Park, Boksburg - 20 kilometers east of Johannesburg.

The information contained in this announcement is a summary of the full CPR which is available on the

company’s website.

As set out below, and in compliance with the South African Code for Reporting of Exploration Results,

Mineral Resources and Mineral Reserves (“the SAMREC Code”), RSG has defined 171.1 million tonnes in

the Measured Resource Category containing approximately 1.7 million ounces of gold, 14.9 million pounds

of U

3

O

8

and 1.76 million metric tonnes of sulphur. RSG has also confirmed that these resources are stated in

terms consistent with definitions under the Joint Ore Reserves Committee (“JORC”) Code.

Elsburg Tailing Dams Complex

Measured Mineral Resource Statement for Elsburg Complex Gold (July 2008)

Dam

Tonne (Mt)

Grade (g/t)

Au (Tonne)

4/L/48

66.1

0.38

25.12

4/L/49

47.4

0.29

13.75

4/L/47 and 4/L/47A

34.2

0.26

8.89

4/L/50

23.4

0.25

5.85

Total

171.1

0.30

53.61

Elsburg Tailing Dams Complex

Measured Mineral Resource Statement for Elsburg Complex Uranium (July 2008)

Metric Tonne

Dam

Tonne (Mt)

U Grade (ppm)

U

3

O

8

Grade

(ppm)

U (Tonne)

U

3

O

8

(Tonne)

4/L/48

66.1

33

38.9

2181.3

2573.9

4/L/49

47.4

33.7

39.8

1597.4

1884.9

4/L/47 and 4/L/47A

34.2

35

41.3

1197

1412.5

4/L/50

23.4

32

37.8

748.8

883.6

Total

171.1

33.4

39.4

5724.5

6754.9

Elsburg Tailing Dams Complex

Measured Mineral Resource Statement for Elsburg Complex Uranium (July 2008)

lbs / Short Ton

Dam

Ton (Mt)

U Grade (lbs/t)

U

3

O

8

Grade

(lbs/t)

U (M lbs)

U

3

O

8

(M lbs)

4/L/48

72.9

0.07

0.08

4.8

5.7

4/L/49

52.3

0.07

0.08

3.5

4.2

4/L/47 and 4/L/47A

37.7

0.07

0.08

2.6

3.1

4/L/50

25.8

0.06

0.08

1.7

2

Total

188.8

0.07

0.08

12.6

14.9

Elsburg Tailing Dams Complex

Measured Mineral Resource Statement for Elsburg Complex Sulphur (July 2008)

Metric Tonne

Dam

Tonne (Mt)

Grade (%)

S (Mt)

4/L/48

66.1

1.0

0.7

4/L/49

47.4

1.1

0.5

4/L/47 and 4/L/47A

34.2

0.9

0.3

4/L/50

23.4

0.9

0.2

Total

171.1

1.01

1.76

Elsburg Tailing Dams Complex

Measured Mineral Resource Statement for Elsburg Complex Sulphur (July 2008)

lbs / Short Ton

Dam

Ton (Mt)

Grade (%)

S (M lbs)

4/L/48

72.9

1

1515.5

4/L/49

52.3

1.1

1191.3

4/L/47 and 4/L/47A

37.7

0.91

686.1

4/L/50

25.8

0.94

484.9

Total

188.8

1.01

3877.9

The ERGO Mines Joint Venture has commissioned a feasibility study in respect of the production of

uranium and sulphuric acid and anticipates the completion of this study prior to the end of the calendar year.

Randburg

20 August 2008

Sponsor

QuestCo Sponsors (Pty) Limited

REPORT TO SHAREHOLDERS FOR THE QUARTER AND YEAR
ENDED 30 JUNE 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

• Dividend declared of 10 cents per share
• Behaviour-based safety initiative being rolled out to all operations
• Attributable reserves up 25% from 6.3 million oz to 7.9 million oz
• Net profit after tax from continuing operations for the year up from R3.1 million to R154.4 million
• Adjusted headline earnings from continuing operations for the year up from 3.8 cents per share

to 64.9 cents per share

• Strong balance sheet with cash equivalent to R2.25 per share

REVIEW OF OPERATIONS

Quarter

Quarter

Quarter 12 months to 12 months to

June

March

%

June

30 June

30 June

Group

2008

2008

Change

2007

2008

2007

Gold production

South African operations

oz

71 211

70 378

1

80 505

308 005

334 496

kg

2 215

2 189

1

2 504

9 580

10 404

Discontinued operations

oz

–

–

–

10 562

13 427

142 661

kg

–

–

–

329

417

4 435

Group

oz

71 211

70 378

1

91 067

321 432

477 157

kg

2 215

2 189

1

2 833

9 997

14 839

Cash operating costs

South African operations

US$ per oz

689

667 (3)

587

657

540

ZAR per kg

173 034

162 806

(6)

134 456

154 451

125 217

Discontinued operations

US$ per oz

–

–

–

906

1 098

645

ZAR per kg

–

–

–

206 775

264 264

150 973

Group

US$ per oz

689

667 (3)

624

675

571

ZAR per kg

173 034

162 806

(6)

144 176

159 032

132 915

Gold price received

US$ per oz

893

943 (5)

681

817

643

ZAR per kg

224 552

228 836

(2)

155 198

192 143

149 133

Capital expenditure

US$ million

20.0

4.7

(326)

8.3

36.5

43.0

ZAR million

149.8

35.6 (321)

58.6

267.2

310.6

Average exchange rate

ZAR:US$

7.82

7.55 (4)

7.09

7.31

7.21

GROUP RESULTS

Cash operating margin US$/oz

Sep 07

Dec 07

Mar 08

Jun 08

500

600

700

800

900

1 000

US$/oz

Revenue $/oz
Cash operating costs $/oz

Quarter

Cash operating margin R million

Revenue Rm
Cash operating costs Rm

Sep 07

Dec 07

Mar 08

Jun 08

300

350

400

450

500

R million

Quarter

Gold production (oz)

Sep 07

Dec 07

Mar 08

Jun 08

50 000

55 000

60 000

65 000

70 000

75 000

80 000

85 000

90 000

oz

Quarter

Gold production oz

Exhibit 99.2

STOCK

2

Issued capital

376 571 588 ordinary no par value shares

5 000 000 cumulative preference shares

Total ordinary no par value shares issued and committed:

392 507 207

Stock traded

JSE

NASDAQ

Average volume for the quarter per day (’000)

1 179

1 948

% of issued stock traded (annualised)

82

135

Price • High

R8.02

US$1.031

• Low

R4.65

US$0.610

• Close

R6.28

US$0.772

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 and health
I am encouraged by DRDGOLD’s second fatality-free quarter.
Blyvooruitzicht Gold Mining Company Limited (“Blyvoor”) as a whole
recorded one million fatality-free shifts on 23 June 2008 and the mine’s
No 6 shaft one million fatality-free shifts on 12 May 2008. Sadly, on
Saturday, 16 August 2008, Blyvoor employee Aron Tanduxolo Maqoma
died in a rockfall underground following a seismic event at the mine’s
No 5 Shaft.

Across the operations as a whole, dressing station injuries were at an
unsatisfactory level. While Crown Gold Recoveries (Pty) Limited
(“Crown”) showed no improvement during the quarter, Blyvoor and
East Rand Proprietary Mines Limited (“ERPM”) recorded 28% and 21%
regressions respectively.

In respect of the other key safety indicators – lost time injuries and
reportable injuries – Crown reported improvements, while the
performance of both Blyvoor and ERPM deteriorated.

We are moving ahead with our behaviour-based safety initiative, in
response to a company-wide audit that showed worker behaviour to be
the largest cause of accidents resulting in injury. Training of internal
behaviour-based safety consultants is under way at Blyvoor and
implementation of a pilot project is scheduled for the December
quarter. This will lead to a company-wide roll-out.

Occupational health – in particular, prevention of noise-induced hearing
loss, silicosis and radiation exposure – continues to be a major focus.
Each of the operations shows improvement in terms of preventive
measures but we have some way to go to attain a level of uniformity that
adequately betters compliance.

Total expenditure for the quarter on environmental issues such as
rehabilitation, dust monitoring and water sampling amounted to
R4.5 million (R3.1 million at Crown, R0.7 million at Blyvoor and
R0.7 million at ERPM).

Growing public attention has been directed towards the
Wonderfonteinspruit. DRDGOLD is one of a number of mining
companies comprising the Mining Interest Group, a body formed to
interface with other stakeholders on the Wonderfontein issue – amongst
them public interest groups and government departments.

Production
Total gold production from continuing operations for the quarter was
1% higher at 71 211 oz, reflecting improved performance at both the
Blyvoor and Crown operations, the former in spite of a previously
reported illegal one-day work stoppage. Lower production at the ERPM
operation resulted both from a four-day disruption of operations related
to xenophobic violence in communities close to the mine and the
discontinuation of the mining of two unprofitable longwalls.

Gold production for the year declined by 33% to 321 432 oz, primarily
the result of the company’s two-pronged plan: withdrawal from
Australasia and restoration of the South African operations first to
stability and then to sustainable levels of profitable production.

Reserves and resources
DRDGOLD’S attributable mineral resources increased slightly from
54.2 million oz (“Moz”) in 2007 to 54.7 Moz in 2008, the main
contributor being an additional, attributable 2.2 Moz from the Ergo Joint
Venture (“JV”).

The company’s attributable ore reserves rose by 25%, from 6.3 Moz in
2007 to 7.9 Moz in 2008, mainly due to a rise in ERPM’s underground
and surface reserves.

Attributable mineral resources from Blyvoor increased by 1% to
20.4 Moz in 2008, following an exploration programme to further define
the operation’s surface resources. Attributable ore reserves from
Blyvoor were 6% lower at 4.8 Moz, mainly due to depletion.

Attributable mineral resources from ERPM decreased by 5% to
29.0 Moz, a consequence of the updated evaluation model which uses
the latest sampling data to evaluate ERPM and ERPM Ext 1. Attributable
ore reserves from ERPM increased by 271% to 2.6 Moz.The attributable,
underground reserves rose from 0.5 Moz to 1.2 Moz due to the
conversion of the ERPM Ext 1. Measured and Indicated Resource into
Proven and Probable Reserves, and the attributable surface reserves
from 0.2 Moz to 1.5 Moz due to the inclusion of the Elsburg Tailings
Complex, to be mined by the Ergo JV.

Attributable Mineral Resources from Crown were virtually unchanged
at 3.1 Moz, as were attributable reserves at 0.4 Moz.

Financial
Group revenue from continuing operations for the quarter was slightly
lower at R495.4 million, a consequence mainly of a 2% drop in the
average gold price received to R224 552/kg. After accounting for cash

DRDGOLD closing share price

Sep 07

Dec 07

Mar 08

Jun 08

4

5

6

7

8

9

Quarter

3

operating costs which were 8% higher at R383.2 million, cash operating
profit was 21% lower at R112.2 million. An impairment of R69.8 million
relating to the discontinued unprofitable longwalls at ERPM was
recorded, and net profit for the quarter was R44.5 million, compared
with the previous quarter’s R132.0 million.

Group revenue from continuing operations for the year was 20% higher
at R1 843.9 million, reflecting a 29% increase in the average gold price
received to R192 143/kg. After accounting for cash operating costs,
14% higher at R1 479.6 million, cash operating profit was 57% higher at
R364.3 million. Net profit was R1 225.1 million compared with the previousyear’s loss of R1 165.0 million, reflecting profit of 
R1 169.2 million from thedisposal of the Australasian interests.

Management
I would like to thank all Group Executives and employees for their
support throughout a difficult year. My contract as Chief Executive
Officer (“CEO”) terminates on 31 December 2008. I am pleased to
announce the appointment of Niel Pretorius as CEO-Designate and an
Executive Director of the company and wish him all the best for himself
and the business in 2009.

Looking ahead
Our fourth quarter brought to an end a challenging financial year in
which we were focused on recreating ourselves. From being an
embattled gold miner trying unsuccessfully to make the best of a suite
of mismatched assets in two vastly different geographic regions of the
world, we have returned pretty much to our roots.

We are once again a distinctly South African gold miner doing what we
do best – mining mature, deep-level mines and re-treating surface
tailings. Much of our energy has been directed towards restoring our
South African business first to stability, then to a sustainable level of
production, and to the establishment of a platform for organic growth.
Fortuitously, we have been supported in our efforts by a stronger
gold price.

We are now at a point at which we believe optimisation of our current
operations and projects, both underground and surface, could deliver
total production of the order of 400 000 oz per annum over time.

Dividends
The directors have today declared a final dividend of 10 South African
cents per ordinary share for the year ended 30 June 2008 which
amounts in total to R37.7 million. This dividend was declared based on
the current high gold price received and shareholders are advised that
future dividends would only be considered if the gold price remains
favourable. In compliance with the requirements of Strate, given the
company’s primary listing on the JSE Limited, the salient dates for
payment of the dividend are as follows:

2008

Last date to trade ordinary shares cum dividend

Friday, 3 October

Ordinary shares trade ex dividend

Monday, 6 October

Record date

Friday, 10 October

Payment date

Monday, 13 October

On payment date, dividends due to holders of certificated securities on
the South African share register will either be electronically transferred
to shareholders' bank accounts or, in the absence of suitable mandates,
dividend cheques will be posted to such shareholders.

Dividends in respect of dematerialised shareholdings will be credited to
shareholders’ accounts with the relevant CSDP or broker.

To comply with the further requirements of Strate, between Monday,
6 October 2008 and Friday 10 October 2008, both days inclusive, no
transfers between the South African and any other share registers will
be permitted and no ordinary shares pertaining to the South African
share register may be dematerialised or rematerialised.

To holders of American Depositary Shares
Each American Depositary Share (“ADS”) represents ten ordinary shares

2008

ADSs trade ex dividend on Nasdaq

Wednesday, 8 October

Record date

Friday, 10 October

Approximate date for currency conversion

Friday, 17 October

Approximate payment date of dividend

Monday, 27 October

Assuming an exchange rate of R7.92/$1, the dividend payable on an ADS
is equivalent to 1.26 US cents. However, the actual rate of payment will
depend on the exchange rate on the date for currency conversion.

John Sayers
Chief Executive Officer

21 August 2008

CONDENSED CONSOLIDATED INCOME STATEMENT

4

Quarter

Quarter

Quarter

12 months to

12 months to

June 2008

March 2008

June 2007

30 June 2008

30 June 2007

Rm

Rm

Rm

Rm

Rm

Unreviewed

Unreviewed

Unreviewed

Reviewed

Reviewed

Continuing operations
Gold and silver revenue

495.4

498.6 381.8

1 843.9

1 534.8

Cash operating costs

(383.2)

(356.4)

(336.7)

(1 479.6)

(1 302.7)

Cash operating profit

112.2

142.2 45.1

364.3

232.1

Administration expenses and general other costs

(19.1)

(21.3)

(20.3)

(80.9)

(107.0)

Share-based payments

(5.9)

(0.3)

(1.6)

(6.6)

(4.5)

Care and maintenance costs

(7.6)

(2.3)

(2.5)

(15.2)

(10.6)

Profit from operations

79.6

118.3 20.7

261.6

110.0

Retrenchment costs

(5.1)

–

–

(11.3)

(0.9)

Investment income

35.1

27.5 6.6

75.7

23.2

Finance costs and unwinding of provisions

4.0

(4.7)

12.0

(13.9)

(21.3)

Net operating profit

113.6

141.1 39.3

312.1

111.0

Movement in provision for environmental rehabilitation

(16.0)

(4.7)

(10.7)

(30.2)

(20.0)

Depreciation

(11.0)

(18.4)

(10.8)

(69.0)

(64.0)

Impairments

(63.9)

–

(21.5)

(63.9)

(5.9)

Loss on financial liabilities measured at amoritised cost

(88.5)

–

(8.6)

(89.3)

(12.2)

Movement in gold in process

14.7

(0.1)

2.5

15.3

2.9

(Loss)/profit on sale of investment

(0.9)

–

0.1

11.1

(8.0)

(Loss)/profit before taxation

(52.0)

117.9 (9.7)

86.1

3.8

Taxation

3.8

(13.6)

(0.2)

(13.3)

(0.7)

Deferred taxation

81.6

–

–

81.6

–

Profit/(loss) after taxation

33.4

104.3 (9.9)

154.4

3.1

Discontinued operations
Loss for the period from discontinued operations

(0.5)

(1.3)

(66.8)

(51.8)

(386.9)

Profit on sale of investments

12.6

30.3 –

1 169.2

90.9

Impairment from discontinued operations

(1.0)

(1.3)

(84.9)

(46.7)

(872.1)

Net profit/(loss) for the period

44.5

132.0 (161.6)

1 225.1

(1 165.0)

Attributable to:

Ordinary shareholders of the company

40.2

104.4 (125.2)

994.9

(923.7)

Minority interest

4.3

27.6 (36.4)

230.2

(241.3)

44.5

132.0 (161.6)

1 225.1

(1 165.0)

Headline earnings/(loss) per share/cents
– From continuing operations

19.3

21.8

(1.9)

41.1

0.3

– From total operations

19.3

21.5 (10.0)

30.2

(87.1)

Basic profit/(loss) per share/cents
– From continuing operations

8.9

21.8

1.9

33.9

(1.3)

– From total operations

10.7

27.7 (34.0)

264.6

(270.9)

Diluted headline profit/(loss) per share/cents

19.3

21.5 (10.0)

30.2

(87.1)

Diluted basic profit/(loss) per share-cents

10.7

27.7 (34.0)

264.6

(270.9)

Calculated on the weighted average ordinary 
shares issued of:

376 536 319

376 228 788

368 254 618

376 023 344

340 928 374

Adjusted headline earnings/(loss) per share – cents
(Adjusted for the net loss on financial liabilities
measured at amortised cost)
– From continuing operations

42.8

21.8

0.4

64.9

3.8

– From total operations

42.8

21.5

(7.7)

54.0

(83.5)

Note* From time to time DRDGOLD may publicly disclose certain "Non-GAAP" financial measures in the course of its financial presentations, earnings releases, earningsconference calls and otherwise.

The net loss on financial liabilities measured at amortised cost in the income statement comprises the expected cash flows of the preference shares
issued to Khumo Gold SPV (Pty) Limited and the DRDGOLDSA Empowerment Trust. These preference shares are re-measured on an annual basis
and based on the expected future cash flows from DRDGOLD South Africa (Pty) Limited.

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

Standards (“IFRS”).

KPMG's unmodified review report on the condensed consolidated International Financial Reporting Standards (IFRS) financial statements contained

in this announcement is available for inspection at the company's registered office.

CONDENSED CONSOLIDATED BALANCE SHEET

5

As at

As at

As at

30 June 2008

31 March 2008

30 June 2007

Rm

Rm

Rm

Reviewed

Unreviewed

Reviewed

Assets

Property, plant and equipment

815.6

669.1 649.8

Investments

65.3

57.7 59.7

Environmental rehabilitation trust funds

110.8

86.6 75.8

Deferred mining and income taxes

81.6

–

–

Current assets

1 189.2

1 050.6

1 161.9

Inventories

62.9

51.0 108.7

Trade and other receivables

240.5

245.4 93.4

Financial assets

–

–

6.0

Cash and cash equivalents

846.1

731.5 106.9

Assets classified as held for sale

39.7

22.7 846.9

2 262.5

1 864.0

1 947.2

Equity and liabilities

Equity

1 305.5

1 248.6

143.5

Shareholders' equity

1 244.3

1 187.3

142.4

Minority shareholders' interest

61.2

61.3

1.1

Long-term liabilities

144.0

49.2 49.2

Post retirement and other employee benefits

22.7

22.1 26.0

Provision for environmental rehabilitation

381.3

296.9 282.6

Deferred mining and income taxes

–

–

104.3

Current liabilities

409.0

247.2 1 341.6

Trade and other liabilities

387.4

247.2 422.1

Current portion of long-term liabilities

21.6

–

790.3

Liabilities classified as held for sale

–

–

129.2

2 262.5

1 864.0

1 947.2

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

6

Quarter

Quarter

Quarter

12 months to

12 months to

June 2008

March 2008

June 2007

30 June 2008

30 June 2007

Rm

Rm

Rm

Rm

Rm

Unreviewed

Unreviewed

Unreviewed

Reviewed

Reviewed

Balance at the beginning of the period

1 248.6

1 130.2

239.8

143.5

1 015.3

Share capital issued

0.7

1.3

44.9

29.1

307.7

– for acquisition finance and cash

–

–

44.9

28.0

314.5

– for share options exercised

0.7

1.6 –

2.3

1.0

– for costs

–

(0.3)

–

(1.2)

(7.8)

Increase in share-based payment reserve

5.9

0.3 9.8 6.6

12.7

Net profit/(loss) attributed to ordinary shareholders

40.2

104.4 (125.2)

994.9

(923.7)

Net profit/(loss) attributed to minority shareholders

4.3

27.6 (36.4)

230.2

(241.3)

Increase/(decrease) in minorities

5.2

(37.2)

–

(184.1)

18.5

Currency translation adjustments and other

0.6

22.0 10.6 85.3

(45.7)

Balance as at the end of the period

1 305.5

1 248.6

143.5

1 305.5

143.5

Reconciliation of headline profit/(loss)
Net profit/(loss) attributable to ordinary shareholders

40.2

104.4 (125.2)

994.9

(923.7)

Adjusted for:
– Impairments

63.9

–

21.5

63.9

5.9

– Impairment from discontinued operation

1.0

1.3 84.9

46.7

872.1

– Profit on sale of discontinued operations

(12.6)

(30.3)

–

(1 169.2)

(90.9)

– (Loss)/profit on sale of assets and investments

(9.2)

–

(0.1)

(21.3)

8.0

– Minority share in headline adjustments

(10.5)

5.4

(18.1)

198.6

(168.3)

Headline profit/(loss)

72.8

80.8

37.0

113.6

296.9

CONDENSED CONSOLIDATED CASH FLOW STATEMENT

Quarter

Quarter

Quarter

12 months to

12 months to

June 2008

March 2008

June 2007

30 June 2008

30 June 2007

Rm

Rm

Rm

Rm

Rm

Unreviewed

Unreviewed

Unreviewed

Reviewed

Reviewed

Net cash in/(out)flow from operating activities

238.1

(7.1)

108.7

24.5

61.1

Net cash (out)/inflow from investing activities

(150.5)

(36.0)

(61.0)

1 811.4

(312.1)

Net cash in/(out)flow from financing activities

26.0

1.6 (3.7)

(1 083.7)

(55.2)

Increase/(decrease) in cash and cash equivalents

113.6

(41.5)

44.0

752.2

(306.2)

Translation adjustment

1.0

23.8 (61.2)

(15.4)

(73.5)

Opening cash and cash equivalents

731.5

749.2 126.5 109.3

489.0

Closing cash and cash equivalents

846.1

731.5 109.3 846.1

109.3

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

–

–

2.4

–

2.4

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

113.6

141.1 39.3

312.1

111.0

Net operating loss from discontinued operations

(1.8)

(3.1)

(60.5)

(111.8)

(233.4)

111.8

138.0 (21.2)

200.3

(122.4)

Adjusted for:
Interest provision

(15.5)

–

–

(15.5)

–

Amortisation of convertible cost

–

–

0.8

–

4.3

Financial instruments

–

–

2.8

1.2

51.7

Unrealised foreign exchange (gain)/loss

(1.7)

(3.3)

(6.1)

37.3

(7.4)

Growth in Environmental Trust Funds

(2.5)

(3.8)

(2.8)

(8.5)

(8.1)

Other non-cash items

(2.9)

6.8 3.3

49.0

44.8

Interest paid

(0.1)

(0.2)

0.5

(39.7)

(76.2)

Taxation paid

(11.8)

–

(13.4)

(40.8)

(34.3)

Working capital changes

160.8

(144.6)

144.8

(158.8)

208.7

Net cash in/(out)flow from operations

238.1

(7.1)

108.7

24.5

61.1

7

Summary of significant accounting policies
Basis of preparation
The condensed consolidated financial statements in this report have been prepared on the historical cost basis except for certain financial instruments
which are stated at fair value.The group’s accounting policies used in the preparation of these financial statements are consistent with those used in
the annual financial statements for the year ended 30 June 2007, except for accounting policy changes made after the date of the annual financial
statements.

The financial statements have been prepared in accordance with IAS34, JSE Listings Requirements and in the manner required by the South African
Companies Act, 1973 for the preparation of financial information of the group for the quarter and year ended 30 June 2008.

Change in accounting policy
For the year ended 30 June 2008, the Group changed its presentation in respect of metals on consignment. Metals on consignment previously classified
as cash and cash equivalents have been reclassified as trade and other receivables. The change was applied retrospectively and had no effect on current
or previous results of the Group.

Implementation of new accounting policy
IFRIC 11 (AC444) IFRS 2 – Group and Treasury Share Transactions (Updated to January 2008)
The company adopted Group and Treasury share Transactions retrospectively as at 30 June 2008, which requires management to redistribute share
based transactions recognised in the parent to entities that have supplied goods or services.The redistribution increased the loss attributable to the
minority interest by R0.7 million for the year ended 30 June 2007 and had no other effect on current or previous results.

NOTES REGARDING FINANCIAL INFORMATION

8

KEY OPERATING AND FINANCIAL RESULTS (unreviewed)

South African operations

Blyvoor

Quarter

Quarter

%

Quarter 12 months to

12 months to

June 2008

March 2008

Change

June 2007 30 June 2008

30 June 2007

Ore milled

Underground

t'000

174

155 12

184

687

690

Surface

t'000

980

946 4

932

3 719

3 694

Total

t'000

1 154

1 101

5

1 116

4 406

4 384

Yield

Underground

g/t

4.44

4.48 (1)

4.74

4.70

4.98

Surface

g/t

0.31

0.33 (6)

0.34

0.31

0.34

Total

g/t

0.93

0.91 2

1.07

1.00

1.07

Gold produced

Underground

oz

24 852

22 312

11

28 036

103 813

110 471

kg

773

694 11

872

3 229

3 436

Surface

oz

9 709

10 031

(3)

10 255

37 359

40 798

kg

302

312 (3)

319

1 162

1 269

Total

oz

34 561

32 343

7

38 291

141 172

151 269

kg

1 075

1 006

7

1 191

4 391

4 705

Cash operating costs

Underground

US$ per oz

816

814 –

665

772

642

ZAR per kg

204 344

198 768

(3)

152 290

181 518

149 114

ZAR per tonne

908

890 (2)

722

853

743

Surface

US$ per oz

379

350 (8)

283

387

287

ZAR per kg

94 927

85 026

(12)

64 627

90 971

66 693

ZAR per tonne

29

28 (4)

22 28

23

Total

US$ per oz

694

670 (4)

563

670

547

ZAR per kg

173 606

163 492

(6)

128 810

157 556

126 884

ZAR per tonne

162

149 (9)

137

157

136

Cash operating profit

US$ million

7.0

8.7 (20)

3.9

21.4

13.5

ZAR million

53.1

63.7 (17)

28.3

156.4

97.6

Capital expenditure (net)

US$ million

3.7

2.1 (76)

2.5

10.2

9.5

ZAR million

28.6

15.5 (85)

17.7

74.8

68.5

Total gold production increased by 7% to 34 561 oz, in spite of a previously reported one-day illegal strike during May. The quarter under review was,
however, free from both the Eskom-related power outages and the summer rain disruptions to surface retreatment operations that characterised the
previous quarter. Total throughput rose by 5% to 1 154 000 t and the total average yield by 2% to 0.93 g/t.

Underground gold production was 11% higher at 24 852 oz, reflecting a 12% increase in throughput to 174 000 t. The average underground grade
was 1% lower at 4.44 g/t. A new, R2.5 million ore pass system between 35 and 38 levels, splitting reef and waste, is expected to lead to an improvement
in the average underground grade from the September quarter.

Surface gold production was 3% lower at 9 709 oz in spite of a 4% increase in throughput to 980 000 t. The average surface grade was 6% down at
0.31 g/t due to lower levels of higher grade waste rock material in the mix.

Total cash operating costs were 6% higher at R173 606/kg. Underground cash operating costs were 3% higher at R204 344/kg, while lower surface
gold production drove surface cash operating costs 12% higher to R94 927/kg.

Total cash operating profit was 17% lower at R53.1 million, a consequence of higher total cash operating costs and of a 2% drop in the average gold
price received to R224 552/kg.

Capital expenditure for the quarter was 85% higher at R28.6 million, the main components being the No 5 Shaft Way Ahead Project (“WAP”), the
new ore pass system and improvements to the mine’s underground compressed air network.

While some delay was experienced during drilling of the second WAP raise borehole, first production from the project remains on track for the
September quarter, rising to 3 100 oz in the fourth quarter of the new financial year. Work on the 15/29 Incline Project at No 6 Shaft continues on
schedule, with first production expected towards the end of the new financial year.

The exploration drilling programme to evaluate the south-west down dip extension of the orebody south of the Boulder Dyke began during the
quarter and some 617m of drilling was completed, most of it confined to structural and cover drilling. As development advances, prospecting will be
undertaken to locate and define payshoots on both reef horizons. If encouraging results are obtained, various mining options will be investigated to
exploit the orebody, including the possibility of a trackless decline.

During the quarter an additional 12 holes were drilled on the Blyvoor No 7 slimes dam to confirm grades. Three holes were submitted for leach
test work which indicated extraction efficiencies ranging from 27% to 57% (averaging 40%).The borehole assay results as at 30 June 2008 will be re-
evaluated and a feasibility study conducted to determine the viability of the dam.

Production oz

Gold production oz

Sep 07

Dec 07

Mar 08

Jun 08

25 000

30 000

35 000

40 000

45 000

50 000

oz

Quarter

Cash operating margin US$/oz

Sep 07

Dec 07

Mar 08

Jun 08

500

600

700

800

900

1 000

US$/oz

Quarter

Revenue
Cash operating costs

Cash operating margin R million

Sep 07

Dec 07

Mar 08

Jun 08

100

150

200

250

300

R million

Quarter

Revenue
Cash operating costs

9

Crown

Quarter

Quarter

%

Quarter 12 months to

12 months to

June 2008

March 2008

Change

June 2007 30 June 2008

30 June 2007

Ore milled

t'000

2 031

1 919

6

2 107

8 235

8 405

Yield

g/t

0.33

0.34 (3)

0.33

0.33

0.38

Gold produced

oz

21 573

20 673

4

22 667

87 354

103 011

kg

671

643 4

705

2 717

3 204

Cash operating costs

US$ per oz

529

557 5

507

553

450

ZAR per kg

133 159

135 855

2

116 026

129 908

104 442

ZAR per tonne

44

46 4

39

43

40

Cash operating profit

US$ million

8.0

8.3 (4)

3.6

24.0

19.1

ZAR million

61.4

60.4 2

25.6

175.7

138.2

Capital expenditure (net)

US$ million

4.9

0.4 (1 125)

1.5

5.8

4.2

ZAR million

35.9

2.5 (1 336)

10.1 42.1

30.0

Gold production was 4% higher at 21 573 oz, a 6% increase in throughput to 2 031 000 t offsetting the impact of a 3% decline in grade to 0.33 g/t.
Increased volumes were a consequence of the drier, winter months while lower grade reflects ever-diminishing reserves of higher grade material
available.

Cash operating costs were 2% lower at R133 159/kg and cash operating profit was 2% higher at R61.4 million, both a result of higher production.

Capital expenditure rose substantially, from R2.5 million to R35.9 million, reflecting preparations for the mining of the Top Star dump, south of
Johannesburg’s Central Business District.

ERPM

Quarter

Quarter

%

Quarter 12 months to

12 months to

June 2008

March 2008

Change

June 2007 30 June 2008

30 June 2007

Ore milled

Underground

t'000

68

78 (13)

68 303

269

Surface

t'000

358

491 (27)

500

1 859

1 753

Total

t'000

426

569 (25)

568

2 162

2 022

Yield

Underground

g/t

5.00

4.68 7

5.68

5.83

6.71

Surface

g/t

0.36

0.36 –

0.44

0.38

0.39

Total

g/t

1.10

0.95 16

1.07

1.14

1.23

Gold produced

Underground

oz

10 930

11 735

(7)

12 410

56 812

58 063

kg

340

365 (7)

386

1 767

1 806

Surface

oz

4 147

5 627

(26)

7 137

22 667

22 153

kg

129

175 (26)

222 705

689

Total

oz

15 077

17 362

(13)

19 547

79 479

80 216

kg

469

540 (13)

608

2 472

2 495

Cash operating costs

Underground

US$ per oz

966

967 –

840

812

654

ZAR per kg

243 865

235 250

(4)

192 358

190 938

151 816

ZAR per tonne

1 219

1 101

(11)

1 092

1 113

1 019

Surface

US$ per oz

750

427 (76)

535 588

606

ZAR per kg

189 000

106 789

(77)

122 599

138 250

140 719

ZAR per tonne

68

38 (79)

55 52

55

Total

US$ per oz

907

792 (15)

728 748

641

ZAR per kg

228 774

193 619

(18)

166 887

175 912

148 751

ZAR per tonne

252

184 (37)

179 201

184

Cash operating profit/(loss)

US$ million

(0.4)

2.4 (117)

(1.2)

4.4

(0.5)

ZAR million

(2.3)

18.0 (113)

(8.8)

32.2

(3.8)

Capital expenditure (net)

US$ million

1.2

0.7 (71)

2.0 4.1

5.6

ZAR million

9.1

5.8 (57)

14.5

30.1

40.6

KEY OPERATING AND FINANCIAL RESULTS

Production oz

Sep 07

Dec 07

Mar 08

Jun 08

18 000

20 000

22 000

24 000

26 000

oz

Quarter

Gold production

Cash operating margin US$/oz

Revenue
Cash operating costs

Sep 07

Dec 07

Mar 08

Jun 08

400

500

600

700

800

900

1 000

$/oz

Quarter

Cash operating margin R million

Sep 07

Dec 07

Mar 08

Jun 08

75

100

125

150

R million

Quarter

Revenue Rm
Cash operating costs Rm

10

KEY OPERATING AND FINANCIAL RESULTS

The previously reported restructuring of ERPM’s underground operations to reverse a worsening pattern of unprofitable mining was completed
during the quarter. A retrenchment agreement was reached with representative unions and associations without recourse to industrial action, and
successful application of various avoidance measures contained the number of employees retrenched to 239.

Total gold production for the quarter was 13% lower at 15 077 oz, refecting both the negative impact on operations over a period of four days of
xenophobic violence in communities close to the mine and to the cessation of mining of the unprofitable 73 and 74 longwalls. While total throughput
was 25% lower at 426 000 t, the average grade was 16% higher at 1.10 g/t.

Underground gold production declined by 7% to 10 930 oz due to a 13% drop in underground throughput to 68 000 t. The average undergound
grade, however, improved by 7% to 5.0 g/t, a consequence of eliminating the unprofitable longwalls.

Surface gold production declined by 26% to 4 147 oz.While the average surface grade was steady at 0.36 g/t, throughput dropped by 27% to 358 000 t
due to the unscheduled maintenance of the No 2 mill foundation at the Knights plant, repair of which was completed within six weeks. Pro-active
refurbishment of the No 3 mill, currently under way, is expected to impact negatively on production in the September quarter.

Total cash operating costs increased by 18% to R228 774/kg. While underground cash operating costs were up 4% to R243 865/kg, surface cash
operating costs rose by 79% to R189 000/kg. A cash operating loss of R2.3 million was recorded, compared with the previous quarter’s profit of
R18 million.

Capital expenditure was 57% higher at R9.1 million, the major proportion of which was directed towards completion of the Far East Vertical Shaft
plugging project.

A concept study to determine how best to access the ERPM Ext 1 ore body was completed during the quarter. This favours development of a new
‘pay-as-you-go’ decline that circumvents the existing decline and utilises technology proven to be both safer and more reliable. A feasibility study
has been approved and is scheduled for completion by the end of calendar year 2008.

Discontinued operations (Emperor Mines Limited)

Tolukuma

Quarter

Quarter

%

Quarter 3312 months to

12 months to

June 2008

March 2008

Change

June 2007 330 June 2008

30 June 2007

Ore milled

t'000

–

–

–

49

56

185

Yield

g/t

–

–

–

6.71

7.45

7.43

Gold produced

oz

–

–

–

10 561

13 427

44 181

kg

–

–

–

329

417

1 374

Cash operating costs

US$ per oz

–

–

–

906

1 098

868

ZAR per kg

–

–

–

206 775

248 751

201 582

ZAR per tonne

–

–

–

1 388

1 852

1 497

Cash operating loss

US$ million

–

–

–

(2.4)

(2.6)

(7.3)

ZAR million

–

–

–

(17.3)

(18.0)

(52.5)

Capital expenditure (net)

US$ million

–

–

–

1.6

2.2

6.5

ZAR million

–

–

–

11.0

15.3

46.6

Porgera (20% Share of Joint Venture)

Quarter

Quarter

%

Quarter 3312 months to

12 months to

June 2008

March 2008

Change

June 2007 330 June 2008

30 June 2007

Ore milled

t'000

–

–

–

–

–

714

Yield

g/t

–

–

–

–

–

3.12

Gold produced

oz

–

–

–

–

–

71 570

kg

–

–

–

–

–

2 225

Cash operating costs

US$ per oz

–

–

–

–

–

450

ZAR per kg

–

–

–

–

–

105 063

ZAR per tonne

–

–

–

–

–

327

Cash operating profit

US$ million

–

–

–

2.5

–

13.2

ZAR million

–

–

–

16.2

–

93.8

Capital expenditure (net)

US$ million

–

–

–

0.7

–

8.3

ZAR million

–

–

–

4.4

–

59.6

Production oz

Gold production

Sep 07

Dec 07

Mar 08

Jun 08

14 000

16 000

18 000

20 000

22 000

24 000

26 000

oz

Quarter

Cash operating margin US$/oz

Sep 07

Dec 07

Mar 08

Jun 07

500

600

700

800

900

1 000

$/oz

Quarter

Revenue
Cash operating costs

Cash operating margin R million

Sep 07

Dec 07

Mar 08

Jun 08

50

100

150

R million

Quarter

Revenue Rm
Cash operating costs Rm

KEY OPERATING AND FINANCIAL RESULTS

11

Vatukoula

Quarter

Quarter

%

Quarter 12 months to

12 months to

June 2008

March 2008

Change

June 2007 30 June 2008

30 June 2007

Ore milled

t'000

–

–

–

–

–

117

Yield

g/t

–

–

–

–

–

7.15

Gold produced

oz

–

–

–

–

–

26 910

kg

–

–

–

–

–

836

Cash operating costs

US$ per oz

–

–

–

–

–

795

ZAR per kg

–

–

–

–

–

189 986

ZAR per tonne

–

–

–

–

–

1 358

Cash operating profit/(loss)

US$ million

–

–

–

–

–

(4.5)

ZAR million

–

–

–

–

–

(36.9)

Capital expenditure (net)

US$ million

–

–

–

–

–

9.2

ZAR million

–

–

–

–

–

66.2

CASH OPERATING COSTS RECONCILIATION

South African Operations

Total Mine

R000 unless otherwise stated

Crown

ERPM

Blyvoor

Operations

Total cash costs

June 08 Qtr

95 645

120 576

177 460

393 681

March 08 Qtr

93 258

111 616

170 595

375 469

12 months to June 08

378 479

469 344

699 069

1 546 892

Movement in gold in process

June 08 Qtr

(700)

741

14 607

14 648

March 08 Qtr

945

(373)

(606)

(34)

12 months to June 08

1 354

(484)

14 375

15 245

Less: Production taxes, rehabilitation and other

June 08 Qtr

(1 254)

3 484

842

3 072

March 08 Qtr

3 369

2 266

1 515

7 150

12 months to June 08

9 277

10 856

5 452

25 585

Less: Retrenchment costs

June 08 Qtr

–

5 162

–

5 162

March 08 Qtr

–

–

–

–

12 months to June 08

–

5 528

–

5 528

Less: Corporate and general administration costs

June 08 Qtr

6 849

5 376

4 599

16 824

March 08 Qtr

3 479

4 423

4 001

11 903

12 months to June 08

17 595

17 622

16 163

51 380

Cash operating costs

June 08 Qtr

89 350

107 295

186 626

383 271

March 08 Qtr

87 355

104 554

164 473

356 382

12 Mths to June 08

352 961

434 854

691 829

1 479 644

Gold produced

June 08 Qtr

671

469

1 075

2 215

March 08 Qtr

643

540

1 006

2 189

12 Mths to June 08

2 717

2 472

4 391

9 580

Total cash operating costs–R/kg

June 08 Qtr

133 159

228 774

173 606

173 034

March 08 Qtr

135 855

193 619

163 492

162 806

12 Mths to June 08

129 908

175 912

157 556

154 451

Total cash operating costs–US$/oz

June

08

Qtr

529 907 694 689

March

08

Qtr

557 792 670 667

12 Mths to June 08

553

748

670

657

12

DIRECTORS

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

Executives:

Non-executive:

Company Secretary:

JWC Sayers (Chief Executive Officer)

J Turk***

TJ Gwebu

DJ Pretorius (Chief Executive Officer – Designate)

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