DGR GLOBAL LIMITED — Interim / Quarterly Report 2004

Oct 28, 2004

Appendix 5B

faRule 5.3

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

Name of entity

D'Aguilar Gold Limited

ABN

67 052 354 837

Quarter ended ("current quarter")

Year to date

$(3 \text{ months})$

30 September 2004

Current quarter

\$A'000

Consolidated statement of cash flows

Cash flows related to operating activities

			\$A'000
1.1	Receipts from product sales and related debtors
1.2	Payments for
	(a) exploration and evaluation	(663)	(663)
	(b) development
	(c) production
	(d) administration	(178)	(178)
1.3	Dividends received
1.4	Interest and other items of a similar nature received	29	29
1.5	Interest and other costs of finance paid	(49)	(49)
1.6	Income taxes paid
1.7	Other (provide details if material)	37	37
	Net Operating Cash Flows	(824)	(824)
	Cash flows related to investing activities
1.8	Payment for purchases of:
	(a) prospects
	(b) equity investments
	(c) other fixed assets	(9)	(9)
1.9	Proceeds from sale of:
	(a) prospects
	(b) equity investments
	(c) other fixed assets	13	13
1.10	Loans to other entities
1.11	Loans repaid by other entities
1.12	Other (provide details if material)
	Net investing cash flows	4	4
1.13	Total operating and investing cash flows (carried forward)	(820)	(820)

⁺ See chapter 19 for defined terms.

1.13	Total operating and investing cash flows (brought forward)	(820)	(820)
1.14 1.15 1.16 1.17 1.18 1.19	Cash flows related to financing activities Proceeds from issues of shares, options, etc. Proceeds from sale of forfeited shares Proceeds from borrowings Repayment of borrowings Dividends paid Other	w $\overline{\phantom{a}}$ f. w $\overline{\phantom{a}}$
	Net financing cash flows	$\overline{\phantom{a}}$ $\overline{\phantom{a}}$
	Net increase (decrease) in cash held	(820)	(820)
1.20 1.21	Cash at beginning of quarter/year to date Exchange rate adjustments to item 1.20	2,117 w	2,117
1.22	Cash at end of quarter	1,297	1,297

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

	Current quarter \$A'000
Aggregate amount of payments to the parties included in item 1.2 1.23	119
Aggregate amount of loans to the parties included in item 1.10 1.24

1.25 Explanation necessary for an understanding of the transactions

Non-cash financing and investing activities

• $2.1$ Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• $2.2$ Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

⁺ See chapter 19 for defined terms.

Financing facilities available
Add notes as necessary for an understanding of the position.

		Amount available \$A'000	Amount used \$A'000
-3.1	Loan facilities	÷
3.2	Credit standby arrangements	≖

Estimated cash outflows for next quarter

		\$A'000
4.1	Exploration and evaluation	450
$4.2^{\circ}$	Development	MA
		450
	Total

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter SA'000	Previous quarter SA'000
5.1	Cash on hand and at bank	167	108
5.2	Deposits at call	1,130	2,009
5.3	Bank overdraft
5.4	Other (provide details)
	Total: cash at end of quarter (item 1.22)	1,297	2,117

Changes in interests in mining tenements

		Tenement reference	Nature of interest (note (2))	Interest at beginning of quarter	Interest at end of quarter
-6.1	Interests in mining tenements relinquished, reduced or lapsed
6.2	Interests in mining tenements acquired or increased	EPM 14553	Grant of Exploration Permit for Minerals ("EPM")	Nil	100%

⁺ See chapter 19 for defined terms.

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price per security (see	Amount paid up per security (see
				note 3) (cents)	note $3)$ (cents)
$7.1\,$	Preference + securities (description)	Nil
7.2	Changes during quarter
	(a) Increases through issues
	(b) Decreases through returns
	of capital, buy-backs,
	redemptions
7.3	+ Ordinary securities	57,312,039	33,330,945
7.4	Changes during quarter
	(a) Increases through issues
	(b) Decreases through returns
	of capital, buy-backs
7.5	+ Convertible debt securities (description)	Nil
7.6	Changes during quarter
	(a) Increases through issues
	(b) Decreases through
	securities matured, converted
7.7	Options (description and conversion factor)			Exercise price	Expiry date
	-to purchase one ordinary share	4,500,000		20 cents	31/10/05
		28,656,000	28,656,000	20 cents	31/3/06
7.8	Issued during quarter
7.9	Exercised during quarter
7.10	Expired during quarter
7.11	Debentures (totals only)	Nil
7.12	Unsecured notes (totals only)	Nil

Compliance statement

This statement has been prepared under accounting policies which comply with $\mathbf{I}$ accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

$\overline{2}$ This statement does give a true and fair view of the matters disclosed.

29 October 2004 D P Cornish Company Secretary

⁺ See chapter 19 for defined terms.

Notes

• $\mathbf{I}$ The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• $\overline{2}$ The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items $6.1$ and $6.2$
• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities.
• $\overline{4}$ The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.
• $\overline{5}$ Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

= === === === === ==

⁺ See chapter 19 for defined terms.