Results

DRDGOLD Limited

12/03/2018 | Press release | Distributed by Public on 12/03/2018 03:51

Far West GOLD Recoveries, phase 1: early-stage commissioning in progress

03 December 2018

Johannesburg, South Africa. 3 December 2018. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) has announced that, just four months into construction of Phase 1 of its Far West Gold Recoveries project, commissioning is set to start on Thursday (6 December) with the pumping of reclaimed tailings into the carbon-in-leach (CIL) circuit.

CEO Niël Pretorius says the project is on track to achieve full production of 500 000tpm from Phase 1 in the first quarter of 2019.

As part of early-stage commissioning, face has been established at the Driefontein 5 tailings dam reclamation site, from which pumping of reclaimed tailings through a new 2km pipeline to the Driefontein 2 plant is set to begin. A parallel pipeline to return water from the plant to the reclamation site has been completed.

Work to upgrade the plant's retreatment capacity is well advanced, with carbon loading -also part of the overall commissioning process - set to begin immediately.

An 8km pipeline to transport retreated tailings from the plant for cyclone deposition on the Driefontein 4 tailings dam and a parallel return water pipeline from the deposition site to the plant have also been completed.

DRDGOLD concluded its acquisition of Far West Gold Recoveries, previously the West Rand Tailings Retreatment Project, from Sibanye-Stillwater at the end of July 2018.

Investor and Media Relations

James Duncan
R&A Strategic Communications
+27 (0) 11 880 3924 (office)
+27 (0) 79 336 4010 (mobile)
[email protected]

For more information, please visit www.drdgold.com

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 sustained strengthening of the Rand against the Dollar, regulatory developments adverse to DRDGOLD or difficulties in maintaining necessary licenses 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 2018, which we filed with the United States Securities and Exchange Commission on 31 October 2018 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. Any forward-looking statements included in this release have not been reviewed and reported on by DRDGOLD's auditors.