DRDGOLD : Swiss Mining Institute Investment Conference

Swiss Mining Institute Investment Conference Mpho Mashatola Senior Executive: Finance 20 - 21 November 2025

THE DRDGOLD DIFFERENCE

Why us and why now

South African-based world leader in large scale mechanised, on-surface mining, focused on environmental sustainability and operational efficiency. Dual listed on the JSE and NYSE.

Gold-focused surface miner

Huge reserve and resource

Vision 2028 growth strategy

Strong

balance sheet Significant upside

Sustainable by design Gold and environmental restoration are inseparable outputs

Vast, long-life, surface resource

6.27Moz mineral resource of which

5.85 Moz are mineral reserves in two operating

footprints

Clear growth pathway R8 billion Vision 2028 strategy to increase production to

200 000oz pa

Proven financial discipline

Strong, debt-free balance sheet, 18-year dividend-

paying track record

Share price appreciation 90% share price

growth in past year

What we do

Low grade resource means economies of scale necessary

High plant extraction efficiencies

High-pressure hydro-mechanical reclamation

24/7 operations

Unique to us:

rehabilitation is concurrrent

Where we operate

New York

South-Africa-based world leader in large- scale mechanised, on surface 'mining', focused on environmental sustainability and operational efficiency

Johannesburg FWGR

Carletonville

Ergo

18 years

of uninterrupted dividend declaration

Our purpose

To roll back the environment legacy of mining and add quality of life

Our vision

To grow our reach locally and internationally by unlocking value and providing sustainable solutions through our technology and specialist skillset

Two operations located on world- renowned Wits Basin - Ergo and Far West Gold Recoveries (FWGR)

A foundation for decades to come

6.27Moz mineral resource , 5.85Moz mineral reserve across two long-life operating footprints

At Far West Gold Recoveries (16 years) At Ergo (22 years)

2.17Moz mineral resource

2.17Moz mineral reserve

4.10Moz mineral resource

3.68Moz mineral reserve

USE UPDATED MAP FROM THE INTEGRATED REPORT

Our sustainable model in action

Sustainability is our business model, maximising resource value responsibly and returning value to nature and the communities

OBJECTIVE

OUTCOME

Lower cost, lower operational risk

Environmental restoration

Energy independence

High-volume, low-cost hydro reclamation of decades-old mine waste to produce gold; safer than underground mining

Pollution causes (dust, water) removed, land liberated

for re-use

New solar plant/battery storage system, reducing power utility usage, reducing costs and earning carbon credits

Lower potable water usage

Potable water down to 4% of total use, beating our

10% target.

Concurrent vegetation

Vegetation planted as tailings are lifted, reducing dust and restoring ecosystems progressively.

ERGO SOLAR PLANT AND BESS:

Long-term enabler for growth

Commissioned November 2024
Functioning at 97% of designed capacity end FY2025		Largely meets Ergo's needs re reclamation sites, plant, Brakpan TSF		R108 million cost saving end FY2025		41 791 804kwh surplus energy delivered to Eskom grid end FY2025
Eskom credits realised - 60MW with integrated 160mWh BESS				Carbon footprint reduced
Credits to offset other Ergo power needs				Application for carbon credits made

Our strategy

Our strategy is driven by

asset optimisation and sustainable development

Our goals:

•

•

Operational efficiency and long-term

profitability

Effective capital allocation

• Leave no value behind

• Embed resilience

• Add quality to life

Short-term

Medium-term

Long-term

Restore optionality

by increasing throughput

capacity

Establish reclamation,

plant throughput and deposition-capacity to process 3Mtpm of material and 6tpa of gold production by FY2028, with renewable energy, data integration and employee safety and development to match

Play a leading role in the

consolidation of tailings operations in South Africa, and to explore and operationalise international opportunities

Core competencies and enablers

Technological competence

Sound business proposition

Financial capacity

Environmental care

Social commitment

At Ergo	At FWGR
Two projects (Daggafontein and Withok) in Three projects in progress: to double plant progress to create more tailings deposition capacity; construct regional tailings storage capacity facility (RTSF); lay 135km pipeline linking expanded plant to RTSF

Vision 2028 growth strategy

3Mt

combined monthly throughout

(current 2.1Mt)

200 000oz combined annual production

(current 140 000-150 000oz)

Outcome:

top-tier, low-cost, high margin gold producer

'Big Five" projects: on schedule,

within budget, to date self-funded