DGR GLOBAL LIMITED — Interim / Quarterly Report 2012

Oct 25, 2011

A C T I V I T I E S R E P O R T F O R T H E S E P T E M B E R 2 0 1 1 Q U A R T E R

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D’Aguilar Gold Limited A Resource Investment Company

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D’Aguilar Gold creates resource companies from projects generated by a highly skilled in-house team of geoscientists with diverse global minerals experience and a track records of significant discoveries.

D’Aguilar Gold holds key investments in these resource companies building value for D’Aguilar shareholders as each company grows and as more companies are created each year. D’Aguilar Gold now holds substantial investments in four listed resource

D’Aguilar Gold CEO Nick Mather

companies (Mt Isa Metals| Solomon Gold | Navaho Gold | AusNiCo) exploring for copper, gold and nickel with a market value of AUD27.6 million, and in three unlisted subsidiaries progressing to capital raising and ASX listing in FY2012 with a projected D’Aguilar Gold value at listing of AUD73.0 million. These unlisted companies are exploring for gas, iron and titanium ores and copper gold molybdenum systems.

In addition D’Aguilar also has developing projects in antimony, tin, copper, gold and rare earths.

First Quarter Highlights

Solomon Gold plc (LSE: SOLG) 12.5% DGR owned Raised the inferred mineral resource at the Rannes Project, Qld, Australia to 380,000 ounces contained gold and 11.97 million ounces contained silver. Further encouraging results from drilling and surface sampling programs on the Mbetilonga Project in JV with Newmont on Guadalcanal in Solomon Islands were received.

Mt Isa Metals Ltd (ASX: MET) 33% DGR owned Announced a 14 km long geochemical gold anomaly at the Kamsongo project area; further exciting gold drill assay results confirm three high grade zones totalling 2.2km at the 3.6 km long Nabanga gold discovery; and new assay results show high grade intersections from drilling at the Bantou Prospect.

AusNiCo Ltd (ASX: ANW) 47% DGR owned Announced further nickel intersections at the Pembroke Prospect and completed a AUD1.4 million capital raising by way of placement and underwritten SPP.

Navaho Gold Ltd (ASX: NVG) 29% DGR owned After encouraging drill results from Stevens Basin commenced second drilling program in September. Drilling at Taz and Rose Mine completed with assays awaited.

First Quarter Highlights

Deep drilling is underway at Stevens Basin.

Armour Energy Ltd | 50% DGR owned

JP Morgan and Deutsche Bank have been appointed Joint Lead Managers for AUD75.0 million IPO and ASX Listing this coming quarter. Appointment of senior staff is well advanced.

Archer Resources Ltd | 67% DGR owned Preparation for AUD6.0 million IPO and ASX Listing in early 2012 is well advanced.

IronRidge Resources | 80% DGR owned

Renamed to reflect the iron focus in a new irontitanium laterite province in South East Queensland. Underwritten minimum AUD6.0 million IPO planned 2012.

The D’A uilar Business Model g D’Aguilar Gold holds uilar Gold holds

D’Aguilar Gold holds

35.2 million shares During the quarter D’Aguilar strongly advanced its representing 15.6% objective to become a diversified resource project of Solomon Gold plc. generator and investment company.

D’Aguilar generates its own large scale resource exploration projects directly through the skills and experience of its accomplished team of explorationists. Most resource investment companies purchase their investment stakes at a high cost, with restricted scope and low diversity and it is this important difference that gives D’Aguilar its strong competitive edge.

Many exploration companies tend to prematurely focus on the definition of a restricted resource and/or

development without the scope for world class discoveries. In contrast, D’Aguilar’s philosophy is to secure provincial tenure positions, prospective for commodities with a high demand growth profile, which attract globally diverse capital funds. The company adopts a lateral and creative approach in the identification of both the commodity and the exploration target.

D’Aguilar’s exploration projects tend to be very large, targeting new provinces with the potential to make world-class discoveries. The exploration concepts are often novel. While increased metal prices and advances in technology can turn former sub-economic deposits into viable projects, D’Aguilar Projects frequently emerge from detailed reassessment and reinterpretation of large databases with a new perspective. In the past, D’Aguilar Directors and Managers have applied new exploration models to extensive tenement areas which have contributed to the identification of new mineral provinces and the discovery of nationally significant resources.

D’Aguilar’s strategy to independently finance, manage and list its key assets on recognised stock exchanges is designed to deliver negotiability for its key assets, provide less dilutive funding of forward exploration programs and deliver expanded and focussed Project Management Teams independent of D’Aguilar.

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Figure 1: D’Aguilar Gold Group Corporate Structure—Sept 2011

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The D’Aguilar Business Model

D’Aguilar holds key equity positions in its subsidiary Solomon Gold plc (LSE: SOLG), 33% ASX listed Mt Isa companies after listing. As shown in the D’Aguilar Metals Limited (ASX: MET), 47% AusNiCo Limited Gold Group Corporate Structure (see Fig 1, page 2). (ASX: ANW) and 29% Navaho Gold Ltd (ASX: NVG). At 30 September D’Aguilar holds 12.5% AIM listed

Figure 2: D’Aguilar Gold Resource Company Creator

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D’Aguilar Gold holds
35.2 million shares
representing 15.6%
of Solomon Gold plc.
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Figure 3: D’Aguilar Gold Building Value for Shareholders

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The D’Aguilar Business Model

Armour Energy led by CEO Mr Phil McNamara, (formerly MD TSX Listed Waratah Coal) completed AUD14.0 million seed capital raising and is proceeding to AUD75.0 million capital raising and ASX listing this coming quarter.

Archer Resources led by CEO, Dr Matthew White, (formerly Chief Geologist Nautilus Minerals) has completed AUD2.0 million seed raising and commenced preparations for AUD6.0 million capital raising and ASX listing in early 2012 being managed by Blackwood Capital.

IronRidge Resources CEO appointment is imminent and AUD6.0 million capital raising and stock exchange listing planned for 2012.

These three subsidiaries progressing to ASX Listing, D’Aguilar Gold holds along with other D’Aguilar project subsidiaries 35.2 million shares under development (antimony, tin, copper, gold and representing 15.6% rare earths) amply demonstrates D’Aguilar’s of Solomon Gold plc. proven ability to repeatedly create new mineral exploration and development companies year after year (Fig 2).

Typically D’Aguilar generates two or more new wholly owned subsidiaries each year. D’Aguilar raises seed capital, installs Management and Executives and organises capital raisings and stock exchange listings.

substantial support is provided by D’Aguilar to its subsidiaries, sharing corporate overhead costs including offices, company secretarial, accounting and the secondment of key D’Aguilar geoscientists on an “as needs” basis until such time as the new company can justify full time staff.

As the new company advances and grows over time, D’Aguilar intends to hold its position as a solid cornerstone shareholder enjoying capital appreciation (see Fig 3 and refer Table 1 below).

D’Aguilar’s most critical challenge during this period of rapid growth is the identification of technically and commercially skilled, successful and experienced managers and entrepreneurs to fill the Executive roles in their emerging resource companies. D’Aguilar is constantly searching for suitable candidates to take these opportunities forward with high personal and corporate reward. D'Aguilar is interested in reviewing people currently in middle Management exploration or business development roles, with major or middle ranking exploration and mining companies, to fill executive roles within the D’Aguilar Group.

In the crucial early life of a listed company,

Table 1: Current Portfolio of Assets held by D’Aguilar Gold and Market Valuation of Listed Entities

KEY ASSET	STOCK EXCHANGE LISTED CODE	DETAILS	MARKET VALUE $M MARCH 2011	TABLE 1 FOOTNOTES: 1. Value is based on the market value of MET shares on the ASX at 17 October 2011. 2. This value is based on the market value of SOLG shares on LSE.AIM on 17 October 2011 and the prevailing exchange rates applying as at that date. 3. Value is based on the market value of ANW shares on the ASX at 17 October 2011 4. Value is based on the market value of NVG shares on the ASX on 17 October 2011 5. Value is based on last round of equity financing (i.e. Seed Capital) provided by Seed Investors. No assurance can be given that DGR will be successful in achieving any of these values in the event of a realization of these assets.
Net Cash		Consolidated	12.8
Mt Isa Metals	ASX:MET	52 million shares@ 28 cents(1)	14.6
Solomon Gold	LSE/ AIM:SOLG	35.2 million shares @ 14.8 pence (2)	8.0
AusNiCo	ASX:ANW	58.85 million shares@ 4.22 cents(3)	2.5
Navaho Gold	ASX:NVG	27 million shares@ 9.1 cents(4)	2.5
Shamrock Mine Land		327 ha (720 acres mainly farming land) – 3 houses. Rehabilitation of mine area cov- ered by $450K bond	0.7
		Sub-total	41.1
Armour Energy		DGR holds 50%proposed IPO 2011(5)	15.0
Archer Resources		DGR holds 67%proposed IPO 2012(5)	4.0
IronRidge Resources		DGR holds 80%proposed IPO 2012(5)	9.3
Prospects in Development		Includes antimony, tin, rare earths, copper andgold(5)
		Cash Attributable to Subsidiaries	(12.6)
		Total (excl any value for Prospects in Development)	56.8
D’Aguilar Gold		324 million shares @ 9.5 cents on 17 Oct 2011	40.5

1. Value is based on last round of equity financing (i.e. Seed Capital) provided by Seed Investors. No assurance can be given that DGR will be successful in achieving any of these values in the event of a realization of these assets.

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New Shale Gas Province in Northern Australia

Armour Energy is D’Aguilar Gold’s energy focussed subsidiary dedicated to the discovery and development of world class gas resources in an extensive new province in Northern Australia (Fig 4). Armour has over 130,000 km[2 ] under gas tenure application in the Northern Territory and Queensland, an area equivalent to the size of the

areas Armour has Figure 6 identified a core target area located within and adjacent to the fault bounded structure known as the Batten Trough (Fig 5). The target sediments are the thickened sections of the gas rich Barney Creek Shale which has scope

Figure 4 United Kingdom. D’Aguilar Gold holds 50% of Armour D’Aguilar Gold holds Energy following an 35.2 million shares AUD14 million seed representing 15.6% capital raising. of Solomon Gold plc. Within the granted Northern Territory Exploration Licence

to host up to 40 TCF of gas. Previous exploration drilling for zinc encountered numerous shows of gas condensate, oil and bitumen, including a 140psi gas blowout which flowed for 6 months before being plugged (Fig 6).

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Figure 5
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The area is also prospective for large shale gas resources which are expected to be comparable to or rival shale gas resources contained within known shale gas basins in the USA.

Shale gas development and production relies on the release of gas from artificially fractured low permeability gas bearing shales which are penetrated by radiating horizontal lateral holes drilled off a vertical centre well.

The target shales are “dry” (not aquifers) and do not interact with groundwater. Armour’s well depths are targeted at between 500 and 1500 metres within the project area.

Armour Energy recently appointed JP Morgan and Deutsche Bank as Joint Lead Managers for a AUD75.0 million IPO and ASX Listing this quarter. D’Aguilar Gold shareholders will have a priority allocation to apply for shares.

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Figure 8: Drilling at West Monogorilby
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Iron, Titanium and Bauxite – Queensland

IronRidge Resources Ltd is the new name for Ridge Exploration as the company proceeds to capital raising and ASX Listing. IronRidge holds exploration licences for iron and titanium ores over parts of the northern Surat Basin where previous work has identified iron ore development with over 40% iron content in lateritised profiles and surface sampling has obtained TiO2 up to 31%.

While over the past 40 years the mining industry has concentrated on the exploitation of haematite ores grading better than 55% iron it has been overlooked that a grading of 35+% was the accepted D’Aguilar Gold holds standard of the iron and steel industry. Given that 35.2 million shares IronRidge target areas are situated next to massive representing 15.6% coal and gas reserves (owned by unrelated third of Solomon Gold plc. parties) and the current high price of iron ore, lower grades of iron ore should be able to offer economic potential. Initial field work has already identified extensive deposits of iron rich material with many assays >40% Fe and < 0.04% P2O5 (phosphorus). The largest iron deposit identified lies on the eastern edge of the Basin approx 100kms Sth West of Mundubbera, called Cadarga where mapping and sampling work has led to the discovery of high grade Titanium Dioxides (to 31% TiO2) around an

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interpreted basaltic volcanic centre near the town of Monogorilby. The deposit is flat lying within a lateritised volcanic breccia and covers about 6km[2 ] around a diatreme style of volcanic vent. (Fig 7 shows location of IronRidge’s Qld tenements).

During the quarter initial scout drilling was undertaken in the Monogorilby area (see figure 8). Initial assay results have revealed extensive areas carrying >3% TiO2 to depths exceeding 30 metres thickness from surface.

D’Aguilar has continued to fund the ongoing exploration work on the IronRidge tenements and, with the current buoyancy of the global iron ore market, the Directors have committed to a capital raising and ASX listing of IronRidge in 2012.

Figure 7: IronRidge Resources Queensland Tenements

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Porphyry Copper-Gold-Silver-Molybdenum — Queensland

Archer Resources is focussed on the discovery and development of porphyry copper gold molybdenum deposits in south east Queensland and after an AUD2.0 million seed raising last quarter is a 67% owned subsidiary of D’Aguilar Gold Limited.

Archer has 6 key project areas in south east Qld – Peenam, Gayndah and Calgoa see Figure 10 which already host encouraging drill intersections), Great Blackall and Pinnacles (adjacent to the recent Aussie Q Resources discoveries at Whitewash and Gordons, Fig 11, and Anduramba . The location of these exploration tenements is shown in Fig 12. D’Aguilar Gold is also transferring two ELs in the D’Aguilar Gold holds Central Lachlan Fold Belt near Bathurst to Archer. 35.2 million shares These contain an exciting gold-silver Project at representing 15.6% Caloola which already has an historic (non-JORC)of Solomon Gold plc. resource of 235,000 tonnes @ 2.5g/t Au. The deepest historic drill hole CP10 stopped in mineralisation at 96m, later assaying 14m of 3.86g/t Au from 82 metres (see Fig 13).

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The Company is reviewing a number of other porphyry copper gold molybdenum systems in Queensland.

Archer Resources has commenced preparation of a Prospectus ahead of a planned AUD6.0 million capital raising and ASX listing early 2012.

Fig 9 Vuggy sulphide vein in breccia BARD 1 Gayndah

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Fig 10 Calgoa Historical Workings

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Fig 11 Silver-rich rock from Rossmore Prospect, Pinnacles Project

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Fig 13 Caloola Historic Gold Mine Workings, NSW

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Figure 12: Map Showing location of Archer Resources Tenements

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A C T I V I T I E S R E P O R T F O R T H E S E P T E M B E R 2 0 1 1 Q U A R T E R

Corporate Information

DIRECTORS

William Stubbs (Chairman) Nicholas Mather (Managing Director) Brian Moller

Vincent Mascolo

COMPANY SECRETARY

Karl Schlobohm

EXPLORATION MANAGER

Neil Wilkins

GENERAL MANAGER

Greg Runge

ISSUED CAPITAL

At 30 September 2011, D’Aguilar Gold Ltd had the following securities on issue:

• 324,202,760 ordinary shares

• 16 Million (unlisted) 28 cent options expiring 29/11/13

• 12 million (unlisted) 28 cent options expiring 28/02/14

SHAREHOLDING ENQUIRIES

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

AUSTRALIAN STOCK EXCHANGE (“ASX”)

ASX Code: DGR (Ordinary shares)

AUSTRALIAN BUSINESS NUMBER MBER

ABN 67 052 354 837

INTERNET ADDRESS MBER TERNET 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

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 website: www.linkmarketservices.com.au and follow the instructions.

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 Phone: 1300 554 474

Competent Persons Statement

The information in this report that relates to Exploration Results 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.