DGR GLOBAL LIMITED — Interim / Quarterly Report 2011

Jan 30, 2012

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001, 01/06/10.

Name of entity

	Name of entity
	DGR Global Limited
	ABN 67 052 354 837 Consolidated statement of cash flows
			31 December 2011
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors including Goods & Services Tax 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows		Current quarter $A’000		Year to date (6 months) $A’000
		725 (1,434) - - (1,883) - 123 - - -		1,254 (2,985) - - (3,531) - 305 (1) - -
		(2,469)		(4,958)
Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (Security Deposits) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)		- (2,250) (21) - 358 - - - (82)		- (2,250) (27) - 358 - - - (257)
		(1,995)		(2,176)
		(4,464)		(7,134)

• See chapter 19 for defined terms.

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1.13 Total operating and investing cash flows (brought forward)	(4,464)	(7,134)
Cash flows related to financing activities 1.14 1.15 Proceeds from issues of shares, options, etc. Proceeds from issue of shares in subsidiaries to outside equity interests 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings (leases and other) 1.19 Dividends paid 1.20 Other (Capital Raising Costs and Seed Capital not yet allocated) Net financing cash flows	- 110 - - (34) - (1,291)	- 910 - - (37) - (1,342)
	(1,215)	(469)
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter	(5,679) 12,877 -	(7,603) 14,801 -
	7,198	7,198

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

1.24 1.25	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000 57 Nil
1.26	Explanation necessaryfor an understandingof the transactions
	Amount included at item 1.15 for the current quarter represents $0.1m seed capital for Pinnacle Gold Pty Ltd. Amount included in item 1.20 for the current quarter represents cash relating to AusNiCo which was deconsolidated from DGR Global Limited. Amount included at item 1.24 includes payments made in the current quarter by DGR Global Limited for director fees and fees paid to Samuel Capital Pty Ltd and Samuel Holdings Pty Ltd for the provision of consultancy services provided.

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

AusNiCo Limited (“AusNiCo”) deconsolidated from DGR Global Ltd (“DGR”) as a result of its placement and share purchase plan. DGR now accounts for its investment in AusNiCo under the equity method of accounting.

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

• 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

Nil

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	Nil	Nil
	Nil	Nil

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	1,000
	-
	-
	750
Total	1,750

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as	Current quarter	Previous quarter
shown in the consolidated statement of cash flows) to	$A’000	$A’000
the related items in the accounts is as follows.
5.1 Cash on hand and at bank	7,198	12,877
5.2 Deposits at call	-	-
5.3 Bank overdraft	-	-
5.4 Other (provide details)	-	-
Total: cash at end of quarter(item 1.22)	7,198	12,877

• See chapter 19 for defined terms.

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Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note(2))	Interest at beginning ofquarter	Interest at end of quarter
	19188 (Archer Resources Ltd) 18499 (Barlyne Mining Pty Ltd) 17640 (IronRidge Resources Ltd) 17881 (IronRidge Resources Ltd) 17926 (IronRidge Resources Ltd) 18693(IronRidge Resources Ltd)	Exploration Permit for Minerals “EPM” EPM EPM EPM EPM EPM	100% 100% 100% 100% 100% 100%	0% 0% 0% 0% 0% 0%
	7873 (DGR Global Ltd) 7859 (Pinnacle Gold Pty Ltd) 7860 (Pinnacle Gold Pty Ltd) 7867 (Pinnacle Gold Pty Ltd) 7868 (Pinnacle Gold Pty Ltd)	Exploration License “EL” EL EL EL EL	0% 0% 0% 0% 0%	100% 100% 100% 100% 100%

Notes:

• 1 DGR Global Ltd holds a 67% interest in Archer Resources Ltd

• 2 DGR Global Ltd holds a 67% interest in Barlyne Mining Pty Ltd

• 3 DGR Global Ltd holds a 68.5% interest in IronRidge Resources Ltd

• 4 DGR Global holds a 100% interest in Pinnacle Gold Pty Ltd

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 note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions	Nil	Nil
7.3 +Ordinary securities	324,202,760	324,202,760

• See chapter 19 for defined terms.

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7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	Nil	Nil
	Nil	Nil
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	16,000,000 12,000,000		Exercise price 28 cents 28 cents	Expiry date 29/11/13 28/02/14
7.11 Debentures (totals only)	Nil
7.12 Unsecured notes(totals only)	Nil	Nil

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 4).

• 2 This statement does ~~/does not*~~ (delete one) give a true and fair view of the matters disclosed.

Sign here: Date: 31 January 2012

(Company Secretary)

Print name: Karl Schlobohm

• See chapter 19 for defined terms.

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Notes

• 1 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.

• 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 .

• 4 The definitions in, and provisions of, AASB 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

• 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.

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