DGR GLOBAL LIMITED — Interim / Quarterly Report 2007

Jul 30, 2007

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Quarterly Report REPORT FOR THE JUNE 2007 QUARTER

HIGHLIGHTS

• Completed seed capital raisings totalling $6.1m and further $2.2m underwritten for subsidiary companies

• Raisings value DGR interest in non gold subsidiaries at $88 m

Nickel

• Appointed Mr. Ian Levy as CEO of AusNiCo, D’Aguilar’s oxide nickel specialist (90% DGR)

• Raised $2m seed for 10%

• 96m from 6 to 112 m depth @ 0.58% nickel returned from core hole COB 11 at Mt Cobalt. 4,000m resource drill program planned

• Promising platinum prospect at Kandanga near Gympie

Mt Isa Metals

• Raised $1.0m seed, total cash now $1.9m, DGR holds 72%

• Planning minimum $7m IPO by Q1 2008, with Bizzell Capital Partners

Eastern Uranium

• Raised $1.6m seed, DGR holds 80%.

• Applied Woolgar South, Clermont, Biloela unconformity style project areas

Molybdenum

• $1.5m raised as converting notes for Anduramba Molybdenum, representing a maximum 4.75% of Anduramba

• Anduramba Molybdenum project reveals 11% increase in molybdenum contents and calculated a new inferred resource figure of 25Mt at a grade of 0.07% Mo equivalent (*refer Footnote 1)

• Drilling program for 4,000m now completed at Anduramba to identify further (inferred) resource extensions and high grade zones

Gold

• Rannes Gold 4,000m drill program planned and scheduled to commence in August

• Re-assay of historic drill cores from Bathurst project reveals extensive copper zinc lead mineralisation with gold credits with potential for high volume porphyry targets. Up to 13.5 m @ 5.0 % and 30.5m @1.44% Copper equivalent (*refer Footnote 2) returned.

For further information, contact Nicholas Mather, Managing Director or Duncan Cornish, Company Secretary. Telephone + 61 (0)7 3303 0680 , Mobile: 0417 880 448 or e-mail info@daguilar.com.au Electronic copies and more information are available on website www.daguilar.com.au

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ACTIVITIES DURING THE PAST QUARTER

Introduction

During the quarter the Company was strongly focused on advancing exploration projects within the parent and subsidiary companies, and completed significant seed capital raisings in the subsidiary companies totalling $6.1 million with a further $2.2 million underwritten. These raisings value D’Aguilar’s interest in non gold subsidiaries at $88 million.

The strategy of developing a number of different projects within specialist subsidiaries where funding is able to be raised at prices considerably in excess of the D’Aguilar market valuation for each of the projects was well demonstrated in the successful raisings during the quarter, and strongly endorsed by the market as reflected in the significant increase in D’Aguilar’s share price during the period. D’Aguilar Gold Limited shareholders will received a priority entitlement at the time of each subsidiary IPO on the ASX or other stock exchange.

Figure 1 details the spread of D’Aguilar’s project interests in various subsidiaries in southeast Queensland. Figure 4 demonstrates the Mt Isa Metals projects in north Queensland. The Company announced the appointment of Mr. Ian Levy as Chief Executive of the AusNiCo Pty Ltd subsidiary, and following the move to a new Exploration Office situated in a prominent position on the Bruce Highway in Gympie, south-east Qld has been successful in attracting additional exploration geologists and field staff to carry out the accelerated exploration programs now underway.

The Anduramba Molybdenum project remains the most advanced in the D’Aguilar portfolio, with a further reverse circulation drilling program undertaken during the quarter. The inferred resource has been increased, and infill and extension drilling is again currently in progress. This drilling will further delineate the high grade central zone and is targeted to provide sufficient additional information to move much of the resource from the inferred to indicated category. A senior metallurgical consultant was engaged during the quarter to oversee the mineralogy and detailed metallurgical evaluation of the resource and subsequent process design.

Central Minerals Pty Ltd was incorporated as a focused gold company, initially to hold D’Aguilar’s Rannes-Cooper exploration tenements north of the 3m oz Cracow Project. An initial reverse circulation drilling program will commence in early August. D’Aguilar’s reinterpretation of existing chemical and structural information has identified very significant epithermal targets similar to Cracow.

Initial results from re-assay of 7 of 21 historic diamond drill hole cores on the company’s EL 6652 south of Bathurst, NSW have been very encouraging in the early identification of a substantial gold, copper, silver, lead zinc system.

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Figure 1: D’Aguilar Gold Limited Group – South-East Queensland Project Locations

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Nickel Projects – AusNiCo Pty Ltd

Mr. Ian Levy has been appointed CEO of AusNiCo Pty Ltd, effective 11 July 2007. AusNiCo is clearly focused on nickel oxide and sulphide, and following a $2 million seed raising remains a 90% owned D’Aguilar subsidiary. Mr Levy was formerly the CEO of Allegiance Mining, having built the Avebury Nickel mine in western Tasmania.

During the quarter a VTEM airborne electromagnetic and gravity survey was flown over the Mt Cobalt and Mt Widgee project areas. While the detailed report is yet to be received, initial data has led to further extensive field work being undertaken east-north-east and south of Mt Cobalt in the Mt Terrible area. Rock, soil and stream sediment sampling has discovered significant mineralised porphyry instructions nickel mineralisation and the porphyry sepentinite contacts.

A 200 metre vertical diamond core hole COB 11 was drilled at Mt Cobalt to provide material for metallurgical testing, with the top 96 metres assaying 0.58% Ni. A 4,000 metre reverse circulation drilling program is planned to commence this quarter, to define an inferred resource at Mt Cobalt. Figure 2 summarises the current state of technical knowledge for the Mt Cobalt Project.

Promising platinum grades from initial stream sediment sampling at Kandanga south west of Gympie will also be followed up with mapping and sampling this quarter (refer Figure 3). During 1971, this area was explored by Nickel Mines Limited for nickel and platinum. Nickel Mines conducted widely spaced reconnaissance sampling in an area around Kandanga Creek (refer ASX announcement dated 31 July 2007). Recent AusNiCo stream sediment sampling has verified the existence of platinum anomalies (up to 25 ppb), and has detected other metals in association – notably nickel (up to 0.2%), chrome, arsenic, bismuth, gold and tellurium. Locally a stream with old alluvial workings is known as “Golden Gully”.

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Figure 2 : Mt Cobalt geochemical zones

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Figure 3: Kandanga Creek EPM 14560

Mt Isa Metals

Mount Isa Metals Pty Ltd raised $1.05 million with a further $2.2 million within 12 months fully underwritten to fully fund forthcoming exploration and the Mt Isa Metals IPO. This subsidiary is strongly focused on Iron-Oxide-Copper-Gold (IOCG) targets in the Mt Isa area, roll front Uranium in the Toolebuc Formation of the Eromanga Basin, and copper and gold near Clermont, Qld. The Company is now owned 72% by D’Aguilar. Plans are well advanced for a minimum $7 million IPO in association with Bizzell Capital Partners in early 2008, with existing D’Aguilar shareholders to be offered a priority allocation.

Granting of exploration tenements by the Qld Government started to occur during the quarter, and initial field exploration has already commenced on prospective uranium areas in the Hughenden district. Thirteen concealed IOCG targets in the Gregory, Normanton and Boomara Ridge project areas are evident on the basis of aeromagnetics and present the Company with potential for a major discovery. Pending the grant of the majority of the Exploration tenement applications preparation of the prospectus for the IPO is well advanced.

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Figure 4: Mt Isa Metals project locations

Eastern Uranium

Eastern Uranium Pty Ltd raised $1.6 million in seed capital to fund initial exploration and preparation for an IPO. D’Aguilar retains an 80% interest in the subsidiary.

Eastern Uranium has applications for exploration tenements in three project areas – Woolgar South, Biloela and Wondai – and an exploration program is ready to commence upon grant of tenements. Preparation of an initial draft prospectus for an IPO has commenced.

Molybdenum

Anduramba Molybdenum Pty Ltd raised $1.5 million as converting notes early in the quarter - representing a maximum 4.75% of the company (D’Aguilar 95.25%) – to fund further resource drilling, metallurgical testing and preparation of the detailed feasibility study. Assay results from a further reverse circulation drilling campaign undertaken during the quarter led to an increase of 11% in the contained molybdenum equivalent content at Anduramba, with an inferred resource figure of 26.6 million tonnes at a 0.07% Mo equivalent grade (refer Footnote 1).

Further infill and extension drilling is currently being undertaken to gain more information on the high grade core area and give sufficient geological information to be able to upgrade the bulk of the resource from the inferred to an indicated category. Once this additional information has been received and assessed an open pit mine optimisation analysis will be undertaken.

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During the quarter the Company engaged a senior metallurgical consultant, Dr. Phil Bush (Phil Bush and Associates Pty Ltd) to oversee the detailed metallurgical evaluation of the project and the subsequent process flow design for the detailed feasibility study. Como Engineers Pty Ltd have been retained as Process Design Engineers. Coffey Mining Pty Ltd have now assembled over three months of base line dust data, and Coffey Geotechnical Pty Ltd have commenced initial hydrogeological investigations preparatory to an initial environmental assessment of the Mineral Development Licence area at Anduramba.

The molybdenum price held firm above the US$32 per lb level throughout the quarter.

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Figure 5: Anduramba drill hole locations

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Gold

Rannes

The Rannes-Cooper exploration tenements located north of Cracow, Qld are in the process of being transferred to a purely gold focused subsidiary company, Central Minerals Pty Ltd.

During the quarter field work has identified highly gold and silver anomalous rock and soil areas, and these will be the target areas for a 4,000 metre reverse circulation drilling program due to commence in early August.

Fifteen targets have been defined in the area and all host significant gold silver and mercury/antimony anomalism. This assemblage is considered to represent a classic epithermal signature with potential for high grade gold shoots at depth.

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Figure 6: Rannes Project prospect locations and selected drill intercepts

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Bathurst

The Bathurst Project Area (Figure 7) returned initial results from re-assay of 7 of 21 historic diamond drill hole cores (refer ASX announcement dated 25 July 2007). Two significant prospects were defined by the results at Apsley and Cow Flat. At Apsley, up to 13.5m @ 5.07% copper equivalent (refer Footnote 2) was returned. Processing and reassay of the remaining drill cores is proceeding, and field work given added momentum ahead of a planned initial drilling campaign later this quarter. The area is prospective for polymetallic skarns and copper gold porphyry systems.

Field work also continues at Windera , Cressbrook and Buaraba for gold and base metals.

The Company is awaiting detailed reports on VTEM airborne electromagnetic and gravity surveys undertaken during the quarter at Peenam (porphyry copper gold) and Ban Ban (zinc and base metals). Further field work has been conducted in both areas during the quarter.

The Burnett Gold Project area and several exploration tenements in the D’Aguilar Block were surrendered during the quarter following assessment of exploration results.

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Figure 7: EL 6652, 16km south of Bathurst, NSW

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Footnote 1 - regarding estimation and metal equivalents assumptions for Molybdenum Equivalents :

The Company undertakes a composite assay analysis every 2 metres in each drill hole. The Surpac[®] block models use a 10 metre by 10 metre by 5 metre vertical block, and an assumed SG of 2.5 tonnes per cubic metre in the Sulphide Zone and 1.9 tonnes per cubic metre in the Oxidised Zone.

Cut-off grades are based on Molybdenum Equivalence (“Mo Equiv”) and the inputs for this calculation are:

1 troy ounce (oz) =	1 troy ounce (oz) =	31.103477 grams (gm)	31.103477 grams (gm)	Ratio Today’s Spot Prices for comparison with the February outlook prices used 1.00 US$32/lb 7.88 US$12.90/oz 0.1 US$3.60/lb
1 pound (lb) =		453.5924 grams (gm)
Metal*	Prices (US$) Feb 2007 outlook	Units	Price (US$) per gram (gm)	Ratio
Mo Ag Cu	$25.00 $13.50 $2.50	/ lb / troy ounce / lb	$0.055 / gm $0.434 / gm $0.006 / gm	1.00 7.88 0.1

Where Mo = Molybdenum, Ag = Silver and Cu = Copper (all in ppm)

On this basis, the formula used to calculate Mo Equiv is as follows:

Mo Equiv = Mo + 7.88xAg + 0.1xCu

In the Company’s opinion all elements included in the metal equivalents calculation have a reasonable potential to be recovered, approximately in the proportions of 70% to 85% for Mo, 75% to 85% for Ag and 70% to 80% for Cu based on preliminary metallurgical testwork results to date. Recoveries may change as testwork proceeds.

Competent Persons Statement (relating to Molybdenum Equivalents)

The information in this report that relates to Exploration Results (in relation to Molybdenum Equivalents) is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd.

Mr Mather has sufficient 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

Footnote 2 - regarding estimation and metal equivalents assumptions for Copper Equivalents :

Metal equivalents are based on:

1. Copper (Cu) price of US$2.50 per lb, Zinc (Zn) price of US$1.50 per lb, Silver (Ag) price of US$12 per oz and Gold (Au) of US$600 per oz. These are conservative estimated prices below the current spot prices.

2. Calculation formula of Cu (eq) ppm = Cu (ppm) +0.6 Zn (ppm) + 70 Ag (ppm) + 3,507 Au (ppm). This is a calculated in-ground value equivalent on the basis of the above analytical grades and assumed prices. Relative value contributions and metallurgical recovery ratios have not been assumed for each commodity. (Such adjustments would be undertaken in estimation of the Net Present Value and feasibility which is not done in this report).

3. In the Company’s opinion all elements included in the metal equivalents calculation have a reasonable potential to be recovered in the proportions of 90% for Cu, 90% for Zn, 90% for Ag and 90% for Au, based on industry averages. Recoveries are subject to metallurgical test results and may change.

Competent Persons Statement (relating to Copper Equivalents)

The information in this report that relates to Exploration Results (in relation to Copper Equivalents) is based on information compiled by Cameron Switzer B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists.

Mr Switzer is employed by Switzer Geological Services Pty Ltd, an entity associated with Mr Switzer. Switzer Geological Services Pty Ltd provides certain consultancy services including the provision of Mr Switzer.

Mr Switzer has sufficient 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 2004 Edition of the ‘Australian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’. Mr Switzer has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

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Competent Persons Statement (for information NOT relating to Metal Equivalents)

The information in this report that relates to Exploration Results, other than information relating to Metal Equivalents) is based on information compiled by Nicholas Mather B.Sc (Hons) Geol., who is a Member of The Australian Institute of Mining and Metallurgy. Mr Mather is employed by Samuel Holdings Pty Ltd which provides certain consultancy services including the provision of Mr Mather as the Managing Director of D’Aguilar Gold Ltd.

Mr Mather has sufficient 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 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on the information in the form and context in which it appears.

CORPORATE INFORMATION & DIRECTORY

DIRECTORS

Nicholas Mather (Managing Director) Ian Levy Brian Moller Vincent Mascolo

COMPANY SECRETARY

Duncan Cornish

EXPLORATION MANAGER

ISSUED CAPITAL

At 30 June 2007, D’Aguilar Gold Ltd had the following securities on issue:

• 133.5 million ordinary shares

• 2.7 million (unlisted) 12.7c staff options expiring 31/7/08

• 17.3 million (unlisted) 19.7c options expiring 30/9/08

• 1.0 million (unlisted) options (12.7c to 25.0c) expiring 30/6/09 (certain vesting conditions apply)

Neil Wilkins

AUSTRALIAN STOCK EXCHANGE (“ASX”)

GENERAL MANAGER

ASX Codes: DGR (Ordinary shares)

Greg Runge

REGISTERED OFFICE AND HEAD OFFICE

D’Aguilar Gold Ltd Level 5 60 Edward Street Brisbane QLD 4000 Phone: + 61 (0)7 3303 0680 Fax: + 61 (0)7 3303 0681

SHAREHOLDING ENQUIRIES

Link Market Services Limited manages D’Aguilar Gold Ltd’s share registry.

If you would like to monitor your shareholding online, you can do so by visiting Link Market Services Limited’s website, www.linkmarketservices.com.au and following the instructions.

INTERNET ADDRESS

All Company announcements, reports and presentations are posted on our website www.daguilar.com.au

If you would like to receive news releases by email, please send us an email to info@daguilar.com.au with the subject “email alerts” or register your details on our website by clicking “Contact Us” and entering your details.

Website: www.daguilar.com.au

AUSTRALIAN BUSINESS NUMBER

ABN 67 052 354 837

For issuer-sponsored shareholders, if you change address, or if you have any other queries regarding the details of your shareholding, please contact the Company’s share registry directly:

Link Market Services Limited Locked Bag A14 SYDNEY SOUTH NSW 1235 Phone: 1300 554 474

12 D’Aguilar Gold Limited – Quarterly Report June 2007