DGO Gold : Investor Presentation - ASX Small and Mid-Cap Conference

For personal use only

DGO Gold Limited	Level 9, 63 Exhibition Street
ABN 96 124 562 849	Melbourne VIC 3000
	Australia
	Telephone:	+ 61 3 9133 6251
	Facsimile:	+ 61 3 9691 6899
	Email:[e-mail]
	Website:	www.dgogold.com.au

15 March 2022

DGO Gold ASX Small and Mid-Cap

Conference Presentation

DGO Gold Limited (ASX:DGO) is pleased to provide shareholders and the market

with the attached presentation to be made by the Company at today's ASX Small and

Mid-Cap Conference.

The presentation is also available at www.dgogold.com.au

- ENDS -

This announcement is authorised for release by Mr Eduard Eshuys, Executive Chairman.

For further information contact:
Investors	Media:
Eduard Eshuys	Markus Ziemer
Executive Chairman	Chief Operating Officer
DGO Gold Limited	DGO Gold Limited
[phone]	[phone]
[e-mail]

Competent person statement

Exploration or technical information in this release has been prepared by David Hamlyn, who is the General Manager - Exploration of DGO Gold Limited and a Member of the Australasian Institute of Mining and Metallurgy. Mr Hamlyn has sufficient experience which is relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (the JORC Code). Mr Hamlyn consents to the report being issued in the form and context in which it appears.

DGO Gold Limited

1

onlyuse DGO GOLD

ersonalASX Small and Mid Caps

15 March 2022

Acknowledgement of

Country

DGO Gold acknowledges the Traditional Custodians of onlycountry of the lands on which we operate in Western Australia and South Australia and their connections to la d, sea and community. We pay our respects to their elders past, present, and emerging, and extend that respect to all Aboriginal and Torres Strait Islander

peoples today.

useDGO's Heritage and Community Policy states: "DGO endeavours to engage early, engage often and engage well with the Traditional Owners to achieve mutually

ersonalgreed outcomes for the businesses."

Ngarluma

Yugunga-Nya

Wiluna

Waturta

Wajarri
Yamatji	Kakarra	Kokatha
	Ngadju	Barngarla

2

Gold and copper discovery

Allocation of capital to major-company-scale discovery opportunities

ersonal use only

Strategic brownfield discovery exposures

		14.5%
Mineral resource1	9.0Moz	Equivalent DGO resource2	1.30Moz
		6.8%, options to 8.7%3
Mineral resource1	2.5Moz	Equivalent DGO resource2	0.17Moz
		20.1%
Mineral resource1	0.3Moz	Equivalent DGO resource2	0.05Moz
	Total equivalent DGO resource2	1.52Moz

Strategic greenfield landholdings

Pilbara, W.A.

Mallina, Au 100%

Murchison, W.A.

Yerrida, Cu/Au 90% - 100%

Yilgarn Exploration

Ventures, W.A.

Au 40%

Eastern Goldfields, W.A.

Black Flag, Au 100%

Lake Randall, Cu/Au 70% - 100%

Deleta, Au 100%

Stuart Shelf, S.A.

Pernatty, Cu/Co 80% - 100%

1.	De Grey Quarterly Activities Report released 28-Jan-22, Dacian Investor Presentation released 2-Dec-21, Yandal Exploration Update released 1-Dec-21	3
2. DGO Gold equivalent resource ownership calculated using DGO % ownership of DEG, DCN and YRL and respective mineral resource estimate from company announcements
3.	Assumes exercise of 22.2m shares in options

At current share price, the market attributes minimal value to DGO's major company scale discovery portfolio

only	Asset	Shares	Share	Market value
		held	price	($m)
			203.5m	$1.405	$286
use		74.3m	$0.24	$17.8
	23.4m	$0.245	$5.7
	Cash/(Drawn Facility)2		($6.0)
			Total value of liquid assets	$304
				Trading at ~24% discount to value of liquid assets
			Current market cap	$228
ersonal		Per share value of liquid assets1	$3.59
			Current share price	$2.73
							A free option to discovery
		Market implied value DGO's discovery upside	$ nil

Source: IRESS as of close 11-Mar-2022

1.	Implied share price calculated on a fully diluted basis	4
2.	Cash as of 11-Mar-2022; loan facility of $15 million secured against DEG shares (ASX:DGO 13 July 2021)