DGR GLOBAL LIMITED — Capital/Financing Update 2019

May 19, 2019

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20 May 2019

Key Iron Oxide Copper Gold and Lead Zinc Targets Identified and Secured

Highlights:

• Significant iron oxide copper gold (IOCG) indicators at Tanumbirini West.

• Large pyritic dolomitic sub basin highly anomalous in lead (prospective for lead zinc deposits in the broader McArthur Basin) at Tanumbirini East.

• The Northern Territory Government has granted 11 of 12 Exploration Licence Applications at the Victoria River Project (Zinc, Lead) and the Tanumbirini Project Area west of the McArthur River Zinc Mine.

• The Tanumbirini Project Area strongly supported by Northern Australia Geochemical Survey data base and Airborne Electromagnetic Surveys (both Geoscience Australia databases).

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Figure 1: Location of the Tanumbirini and Victoria River Projects in the Northern Territory.

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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Figure 2: The Tanumbirini Project Area – traversed by the sealed Carpentaria Highway and the gas pipeline to the McArthur River Mine

The Northern Territory Government has now granted 11 of the 12 Exploration Licences that make up the Tanumbirini and Victoria River Projects to Pennant Resources Pty Ltd, a wholly owned subsidiary of Auburn Resources Limited, 47% owned by DGR Global (see Figures 1 and 2 ).

Tennant Creek and Mt Isa are the preeminent mineral resource hubs for the Northern Territory and Queensland. The region between these two hubs is a vast prospective frontier covered by a thin veneer of sediments. Geoscience Australia (GA), as part of the Federal Government’s “ Exploring for the Future” program, undertook an extensive soil sampling survey in collaboration with the Northern Territory Geological Survey and the Geological Survey of Queensland. Catchment outlet sediment samples were collected at 776 sites (including duplicates) and analyzed for elemental composition using three different analytical techniques[1] . The black dots in Figure 3 show all the sample points. Subsequently, GA undertook a wide spaced airborne ElectroMagnetic survey over the whole area, principally to define sulphide mineralization targets.

In mid‐2018 GA started the public release of the Northern Australian Geochemical Survey[2] , and DGR Global geoscientists started to interrogate the massive data sets. With a primary interest in base metals, DGR focussed on the total lead assays rather than other base metals such as copper and nickel, since lead is relatively insoluble, not moving far from its point of origin. Figure 3 shows the result of this data search. The total lead footprint at Tanumbirini is larger in area than that at Mt Isa to the east, and comparable in magnitude given that Tanumbirini is all under cover and Mt Isa is exposed and has been mined for approximately a century. Lead high values to 46.2 ppm characterize Mt Isa and 34 ppm characterizes the

DGR Global Limited ACN 052 354 837 street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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Tanumbirini area. Auburn Resources subsidiary Pennant Resources immediately lodged 11 Exploration Licence applications over the area as shown (see also Figure 2 ).

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Figure 3: Geoscience Australia overbank fine stream sediment sample points, with regional lead anomalism (Total Lead > 25 ppm by ICP‐MS) shown in dark pink

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Figure 4: Lead (light green) and Copper (light blue) anomalism by MMI (partial leach) geochemistry

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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More detailed investigation of the NAGS data sets further confirmed the large area of base metal anomalism at Tanumbirini. Examining the data sets for lead and copper by Mobile Metal Ion™ (partial leach) geochemistry indicates an even larger anomalous footprint at Tanumbirini, with a significant indication of copper on the western section of the project area (see Figures 4 and 5 ). Highest copper in the unpolluted Tanumbirini area is 4310 ppb by MMI™. This compares to a high of 11,600 ppb in the polluted tailings creek at Mt Isa, but otherwise the Mt Isa area high is 2970 ppb. Copper in a blue copper sulphate stained polluted creek at the Mt Oxide mine is off scale at >20,000 ppb, but is otherwise 2 – 3,000 ppb in the Mt Oxide Gunpowder copper district.

IOCG Targets

Coinciding with the timing of DGR’s research, Greatland Gold plc announced its Havieron IOCG discovery at the Paterson Ranges about 40 kms east of Telfer. Noting that Greatland had previously announced that anomalous rare earths in soils were an exploration tool for IOCG deposits, DGR went back to the NAGS data sets to search for rare earths. As shown in Figure 5 (below), rare earths point to a massive IOCG target zone on the western section at Tanumbirini (yet to be supported by gravity and magnetic data).

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Figure 5: Copper, gold, uranium, rare earths and molybdenum association at Tanumbirini– indicative of large IOCG (Iron Oxide Copper Gold) targets under relatively shallow cover

DGR therefore considers that in the Tanumbirini Project Area the company has secured two new potential mineral fields:

1. A pyritic dolomitic shale sub basin of the broader McArthur Basin prospective for lead zinc deposits at Tanumbirini East; and

2. An iron oxide copper gold target area at Tanumbirini West.

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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Figure 6 is a composite diagram incorporating mapped fault structures and EM supported geology on a magnetic image, indicating the interpretation of a fault bounded pyritic dolomitic shale sub basin prospective for lead zinc deposits on the east, and iron oxide copper gold (IOCG) targets on the west. The stand out feature through Tanumbirini is an 80 km long magnetic terrane boundary (shaded in purple), and which DGR considers is the source of the copper‐gold‐uranium‐molybdenum‐rare earth anomalism. The soil geochemistry and EM data from the Geoscience Australia surveys adds to an already extensive knowledge of surface geology and faults in the area, as well as available detailed magnetic data and a general understanding of the local stratigraphy.

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Figure 6: Geological Interpretation on Magnetic Image – a fault bounded pyritic dolomitic shale sub basin on the east (similar to Mt Isa in NW Qld), and IOCG targets on the west – similar but shallower than Olympic Dam or Havieron

The following Figure 7 shows a conceptual SW – NE geological cross‐section of the Tanumbirini Project Area.

DGR Global Limited ACN 052 354 837 street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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Figure 7: Conceptual SW – NE Geological Cross‐Section of the Tanumbirini Project Area

Auburn Resources CEO Greg Runge said “ the identification of these potential large new mineral fields in the Northern Territory is a credit to the efforts of the team at Geoscience Australia and the detailed interrogation of the GA data sets by DGR Global geoscientists.”

“The Auburn Resources Tanumbirini Project adds significantly to the compelling story already in place for the success of the proposed IPO and ASX listing for Auburn Resources in 2019” he noted.

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On behalf of the Board Karl Schlobohm Company Secretary

COMPETENT PERSON STATEMENT

The information in this presentation that relates to the exploration results and exploration targets for the Tanumbirini Project is based on information compiled by Mr Neil Wilkins M.Sc Exploration and Mining Geology, who is a Member of The Australian Institute of Geoscientists. Mr Wilkins is employed by Ascry Pty Ltd, which provides certain consultancy services to DGR Global Ltd and its partly owned subsidiary, Auburn Resources Ltd. Mr Wilkins has more than five years experience which is relevant to the style of mineralisation and type of deposit being reported 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, Minerals Resources and Ore Reserves’ (the JORC Code). This public report is issued with the prior written consent of the Competent Person(s) as to the form and context in which it appears.

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

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Footnote 1:

XRF – X‐ray Fluorescence

ICP‐MS – Inductively Coupled Plasma Mass Spectrometry MMI™ ‐ Mobile Metal Ion

Footnote 2 :

For an overview of the geochemistry data sets see www.ga.gov.au/eftf/minerals/fis/nags , with data downloadable from http://pid.geoscience.gov.au/dataset/ga/120116 ; and

For overview of the EM data see www.ga.gov.au/eftf/minerals/nawa/ausaem , with data downloadable from http://pid.geoscience.gov.au/dataset/ga/120948 .

© Commonwealth of Australia (Geoscience Australia) 2018

Electronic copies and more information are available on the Company website: www.dgrglobal.com.au

Email: info@dgrglobal.com.au

For further information contact:

Mr Nicholas Mather Karl Schlobohm Greg Runge Managing Director Company Secretary CEO Auburn Resources Ph: 07 3303 0680 Ph: 07 3303 0680 Ph: 07 – 3303 0682

About DGR Global Limited

DGR Global’s business is the creation of resource exploration development and mining companies.

The business uses the skills of a core team of talented geoscientists to identify resource projects capable of yielding world class discoveries of attractive commodities.

This is achieved through:

• The identification of commodities with a favorable 20 year price outlook.

• Geological terranes with:

• A demonstrated strong endowment for that commodity;

• An under‐explored history;

• Opportunity for the application of recently developed exploration techniques;

• Jurisdictions with improving socio‐economic and regulatory frameworks;

• Extensive available tenures.

DGR provides initial seed funding and management support to secure assets in subsidiaries and develop these assets to more advanced funding stages. The Company has a pipeline of projects in daughter companies at various stages of emergence, and in 2015 crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million. Further development of its holdings in AIM‐listed SolGold and IronRidge Resources and ASX‐listed AusTin Mining, Dark Horse Resources and Armour Energy, and unlisted Auburn Resources, are expected over the coming years.

Get regular news from DGR Global on social media

As a valued shareholder, you can now stay up to date of forces influencing the value of your investment in DGR Global by following us on Twitter. We regularly post information about the operations of us and the DGR companies as well as what is happening in our sectors around Australia and around the world ‐ with links to documents in the media, brokers, and other authoritative sources so you can stay up to date. As well, our posts on Twitter will alert you to our latest ASX announcements. Join the hundreds who follow us on Twitter @DGRGlobal . We've also added to our website a corporate newsroom with monthly news flow concerning DGR and the DGR sponsored companies. Located under News Bank in the investor section of the DGR website: www.dgrglobal.com.au

DGR Global Limited ACN 052 354 837

street: Level 27, 111 Eagle Street post: GPO Box 5261 Brisbane QLD 4001 p +61 7 3303 0680 f +61 7 3303 0681 e info@dgrglobal.com.au w www.dgrglobal.com.au

Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary
Sampling	 Nature and quality of sampling (eg cut channels, random chips, or	No sampling
techniques	specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma
	sondes, or handheld XRF instruments, etc). These examples should
	not be taken as limiting the broad meaning of sampling.
	 Include reference to measures taken to ensure sample representivity
	and the appropriate calibration of any measurement tools or systems
	used.
	 Aspects of the determination of mineralisation that are Material to the
	Public Report.
	 In cases where ‘industry standard’ work has been done this would be
	relatively simple (eg ‘reverse circulation drilling was used to obtain 1
	m samples from which 3 kg was pulverised to produce a 30 g charge
	for fire assay’). In other cases more explanation may be required,
	such as where there is coarse gold that has inherent sampling
	problems. Unusual commodities or mineralisation types (eg
	submarine nodules) may warrant disclosure of detailed information.
Drilling	 Drill type (eg core, reverse circulation, open-hole hammer, rotary air	No drilling
techniques	blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other
	type, whether core is oriented and ifso, by what method, etc).
Drill sample	 Method of recording and assessing core and chip sample recoveries	No drilling
recovery	and results assessed.  Measures taken to maximise sample recovery and ensure
	representative nature of the samples.
	 Whether a relationship exists between sample recovery and grade
	and whether sample bias may have occurred due to preferential
	loss/gainof fine/coarse material.
Logging	 Whether core and chip samples have been geologically and	No drilling
	geotechnically logged to a level of detail to support appropriate
	Mineral Resource estimation, mining studies and metallurgical
	studies.
	 Whether logging is qualitative or quantitative in nature. Core (or
	costean, channel, etc) photography.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary
		The total length and percentage of the relevant intersections logged.
Sub-		If core, whether cut or sawn and whether quarter, half or all core	No sampling
sampling techniques and sample preparation	 	taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique.
		Quality control procedures adopted for all sub-sampling stages to
		maximise representivity of samples.
		Measures taken to ensure that the sampling is representative of the in
		situ material collected, including for instance results for field
		duplicate/second-half sampling.
		Whether sample sizes are appropriate to the grain size of the material
		_being sampled. _
Quality of		The nature, quality and appropriateness of the assaying and	No assays
assay data and laboratory tests		laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their
		derivation, etc.
		Nature of quality control procedures adopted (eg standards, blanks,
		duplicates, external laboratory checks) and whether acceptable levels
		of accuracy (ie lack of bias) and precision have been established.
Verification		The verification of significant intersections by either independent or	Not applicable
of sampling and assaying	 	alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
		Discuss any adjustment to assay data.
Location of		Accuracy and quality of surveys used to locate drill holes (collar and	Not applicable.
data points		down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
		Specification of the grid system used.
		Quality and adequacy of topographic control.
Data		Data spacing for reporting of Exploration Results.	Not applicable
spacing		Whether the data spacing and distribution is sufficient to establish the _degree of geological and grade continuity appropriate for the Mineral _

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Criteria	JORC Code explanation	JORC Code explanation	Commentary
and		Resource and Ore Reserve estimation procedure(s) and
distribution		classifications applied.
		Whether sample compositing has been applied.
Orientation		Whether the orientation of sampling achieves unbiased sampling of	Not applicable
of data in		possible structures and the extent to which this is known, considering
relation to geological structure		the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
Sample		The measures taken to ensure sample security.	Not applicable
security
Audits or		The results of any audits or reviews of sampling techniques and data.	Not applicable
reviews

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	Commentary
Mineral	 Type, reference name/number, location and ownership including	The tenements discussed are Exploration Licence Numbers 31980,
tenement	agreements or material issues with third parties such as joint	31981, 32002, 32008, 32009, 32010, 32011, 32012, 32013 and
and land tenure	ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.	32014 and Exploration Licence Application Number 32039 in the Northern Territory.
status	 The security of the tenure held at the time of reporting along with any
	known impediments to obtaining a licence to operate inthe area.
Exploration	 Acknowledgment and appraisal of exploration by other parties.	Geoscience Australia has recently undertaken geochemical and
done by other parties		geophysical surveys across the tenement area. Full attribution and references to this work is contained on Page 6 within the body of this ASX announcement.
Geology	 Deposit type, geological setting and style of mineralisation.	Fault bounded pyritic dolomitic shale sub basin with massive
		sulphides.
Drill hole	 A summary of all information material to the understanding of the	No drilling
Information	exploration results including a tabulation of the following information
	for all Material drill holes:

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Criteria	JORC Code explanation	Commentary
	o easting and northing of the drill hole collar
	o elevation or RL (Reduced Level – elevation above sea level in
	metres) of the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	 If the exclusion of this information is justified on the basis that the
	information is not Material and this exclusion does not detract from
	the understanding of the report, the Competent Person should clearly
	explain why this is the case.
Data	 In reporting Exploration Results, weighting averaging techniques,	No drilling
aggregatio n methods	maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.  Where aggregate intercepts incorporate short lengths of high grade
	results and longer lengths of low grade results, the procedure used
	for such aggregation should be stated and some typical examples of
	such aggregations should be shown in detail.
	 The assumptions used for any reporting of metal equivalent values
	should be clearly stated.
Relationshi	 These relationships are particularly important in the reporting of	No drilling and no sections reported
p between mineralisati on widths and	Exploration Results.  If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.  If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true
intercept	width not known’).
lengths
Diagrams	 Appropriate maps and sections (with scales) and tabulations of	Maps/Diagrams and Conceptual section supplied
	intercepts should be included for any significant discovery being
	reported These should include, but not be limited to a plan view of
	drill hole collar locations and appropriate sectional views.
Balanced	 Where comprehensive reporting of all Exploration Results is not	Not applicable
reporting	practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of
	_Exploration Results. _
Other	 Other exploration data, if meaningful and material, should be reported	Geological observations reported
substantive	including (but not limited to): geological observations; geophysical
	survey results; geochemical survey results; bulksamples –size and

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Criteria	JORC Code explanation	Commentary
exploration data	method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
Further	 The nature and scale of planned further work (eg tests for lateral	Following grant of the Exploration Licence areas the company will
work	extensions or depth extensions or large-scale step-out drilling).	undertake further exploration including collection of stream or lag
	 Diagrams clearly highlighting the areas of possible extensions,	samples for multi element analysis; processing and modelling of
	including the main geological interpretations and future drilling areas,	existing magnetic data; engaging consultant geophysicist to plan
	provided this information is not commercially sensitive.	detailed magnetic and gravity surveys, etc.

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