DGR GLOBAL LIMITED — Interim / Quarterly Report 2016

Oct 1, 2015

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 5 Q U A R T E R

QUARTERLY REPORT

DGR Global (ASX: DGR) Quarter Highlights

▪ Maiden dividend paid in July. Dividend of 0.25 cents per share was fully franked, representing a yield of around 7% based on the 10day volume weighted average price of DGR shares prior to the announcement. This is the first of an intended program of judicious dividend payments to shareholders.

▪ The Dividend Reinvestment Plan (DRP) offered at a 5% discount was well supported, with over 20% of the dividend entitlement taken by shareholders using the opportunity to increase their shareholding in the company.

▪ Terminated copper exploration in Zambia following the change in government policy which saw royalties and taxes on copper production lifted to unsustainable levels.

▪ The company remains focussed on new project generation anD’Aguilar Gold hol d s reviewing investment opportunities as previously stated. The 35.2 million shares company has recently announced the terms of loans made available to Armour Energy, SolGold and Navaho Gold. representing 15.6%

of Solomon Gold plc. Armour Energy Ltd ( ASX: AJQ – DGR 24.7% )- 75m Shares

▪ Holds highly prospective whole basin oil and gas positions in Northern Territory and North West Qld covering 139,000 km[2] , and a track record of exploration success.

▪ Binding Agreements signed with American Energy for US$130 million farm-out of NT petroleum areas, 9.9% placement @ 20 cents per share, and additional cash payments of up to US$23 million to Armour[1] .

▪ Executed agreements to acquire petroleum resources, tenures, and production and transportation infrastructure assets on the Roma Shelf from Origin Energy. Planned program to recommission plants and wells to bring on production and early cash flow[2] .

▪ Wholly owned subsidiary Ripple Resources Pty Ltd emerges as a highly prospective lead-zinc explorer with over 20,000 km[2] under application or tenure in Northern Australia[3] .

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▪ Hostile unsolicited takeover offer received from Westside Corporation Ltd[4] .

SolGold plc ( LSE: SOLG – DGR 9.8% )- 74.5m Shares

▪

Focus on potential high grade world class copper gold porphyry system at Cascabel in Ecuador. Cascabel is close to the capital and ports, low elevation, has adequate water supplies and access to power.

▪

Assay results from several drill holes confirm discovery of large scale, high grade porphyry system at the Alpala Prospect. Further significant long high grade drill intersections were announced to the London Stock Exchange during the last quarter and can be viewed on the LSE or company website www.solgold.com.au.

IronRidge Resources Ltd (LSE: IRR – DGR 26.3%) – 62.3m shares

▪ Highly prospective hematite rich iron targets evident in Tchibanga and Belinga Sud licence areas in Gabon – total tenure 5,400 km[2] . Tchibanga is less than 70 km from the port of Mayumba.

▪ SRK Exploration Services commences work program on tenements supervised by IronRidge Country Manager.

Navaho Gold Ltd (ASX: NVG – DGR 19.6%) – 113.5m shares

▪

Plans for low cost coal production and sale to local industries within the San Juan province in Argentina, with Project manager appointed. Power generation potential.

▪

Subsidiary NavGas Pty Ltd has released an exciting presentation on the company oil and gas projects in Qld and South Australia, and this can be viewed on the ASX or the company website www.navahogold.com

▪

Relatively low risk oil and gas prospects on the Roma Shelf mixed with high volume, higher risk prospects in the Proterozoic Cambrian aged formations in South Australia.

Figure 5

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Quarter Highlights DGR Global Creates Resource Companies

AusTin Mining Limited (ASX: ANW – DGR 19.96%) – 258m shares

▪ Potential for world class copper gold discoveries at Mt Abbott, can turn former sub economic deposits into viable Calgoa-Colo and Three Sisters Projects.

• projects, DGR Global Projects frequently emerge from

• ▪ Exploration target defined for the Ban Ban Zinc Project – refer detailed reassessment and reinterpretation of large pages 4 and 5 for details.

• databases with a new perspective. In the past, DGR Global

• Maiden JORC resource estimate confirms Taronga as a world

• During the quarter DGR Global strongly advanced its class tin project. The details of the resource (79% indicated) can

• objective to become a diversified global resource project be viewed on the ASX or on the company website gener ~~ator and investment co~~ www.austnmining.com.au. mpany.

New Opportunities: Directors and Managers have applied new exploration

• DGR Global Metallurgical flow sheet completed for Taronga pre-feasibility generates its own large scale resource study. Ore described as coarse grained, having simple

• exploration projects directly through the skills and metallurgy, and highly amenable to pre-concentration.

• ▪ experience of its accomplished team of explorationists. Advancement of the Taronga Project with commitment to a Most resource investment companies purchase their Stage 1 Development comprising trial mining and pilot plant investment stakes at a high cost with restricted scope and operations.

• ▪ low diversity and it is this important difference that gives Evaluating potential near-term small scale production operation DGR Global at Granville East in Tasmania. its strong competitive edge.

models to extensive tenement areas which have Coolgarra Minerals | 100% DGR Owned contributed to the identification of new mineral provinces ▪ 2 Exploration Permits (EPMs) for gold and antimony in North Qld and the discovery of nationally significant resources.

• Pinnacle Gold | 94% DGR Owned DGR Global’s strategy to independently finance, manage ▪ and list its key assets on recognised stock exchanges is 2 EPMs and 4 EPM applications for gold near Charters Towers. designed to deliver negotiability for its key assets, provide

• ▪ Merger of Coolgarra Minerals and Pinnacle Gold under consideraless dilutive funding of forward exploration programs and tion.

• deliver expanded and focussed Project Management

• Albatross Bauxite | 100% DGR owned Teams independent of DGR Global .

Archer Resources | 67% DGR Owned 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, Rejuvenation as a zinc-copper-gold company, with fundraising commenced and advancement towards ultimate listing. ▪ DGR Global New subsidiary, progressing 6 EPM applications for bauxite in southern Queensland.holds key equity positions in its subsidiary . Footnotes: DGR Global’s philosophy is to secure provincial tenure companies after listing. As shown in the DGR Global Group 13positions, prospective for commodities with a high demand AJQ ASX Releases 20/8 and 11/9/15 24AJQ ASX Release 2/9/15 Corporate Structure (see Fig 1), at 30 April DGR Global growth profile, which attract globally diverse capital funds. AJQ ASX Release 31/7/15 D’Aguilar Gold holds AJQ ASX Releases 31/8, 9/9 and 14/9/15 holds 25% ASX listed Armour Energy Ltd (ASX : AJQ) 10.5% 35.2 million shares The company adopts a lateral and creative approach in the AIM listed Solomon Gold Plc (LSE: SOLG), 30.6% ASX listed identification of both the commodity and exploration DGR Global Creates Resource Companies representing 15.6% Mt Isa Metals Ltd (ASX: MET), 41.5% AusNiCo Ltd target. of Solomon Gold plc. (ASX: ANW) and 29% Navaho Gold Ltd (ASX: NVG). Table

1 and the following figures 2 and 3 demonstrate how DGR in AIM listed SolGold and IronRidge Resources and ASX Listed Global continues to build value for shareholders.AusTin Mining, Navaho Gold and Armour Energy and unlisted Archer Resources, are expected over the coming years.

DGR Global’s business DGR Global exploration projects tend to be very large, 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 targeting new provinces with the potential to make worldprojects capable of yielding world class discoveries of attractive class discoveries. The exploration concepts are often novel. commodities. While increased metal prices and advances in technology

The Company is currently involved in the search for safe high grade, high-yielding production operations in which to invest the bulk of its available cash resources.

This is achieved through:

▪ The identification of commodities with a favorable 20 year demand, growth and price outlook.

DGR Global has commenced an intended program of judicious dividend payments to its shareholders. The future of the dividend program will depend on circumstances from time to time.

• Geological terranes with:

• A demonstrated strong endowment for that commodity;

The previous resource exploration and funding activities of DGR’s key personnel underscore the opportunities provided by the DGR business model.

• An under-explored history;

DGR Global does not purchase its exploration projects. DGRs in house generative capabilities gives the Company a strong competitive edge. DGR’s focus on provincial tenement positions covering entire sedimentary basins or structural blocks where possible delivers capital, government and major resource corporate attention.

• Opportunity for the application of recently developed exploration and metallurgy techniques to define economic resources;

• Jurisdictions with improving socio-economic and regulatory frameworks;

• Extensive available tenures.

DGR Global holds key equity positions in its subsidiary companies after listing. As shown in the DGR Global Group Corporate Structure (see Figure 1) at 30 September 2015 DGR Global holds 24.7% ASX listed Armour Energy Ltd (ASX : AJQ) 9.8% AIM listed SolGold Plc (LSE: SOLG), 26.3% AIM listed IronRidge Resources Ltd (LSE:IRR), 19.96% Aus Tin Mining Ltd (ASX: ANW) and 19.6% Navaho Gold Ltd (ASX: NVG).

• Existing data sets which provide the basis for novel reinterpretation

DGR Global provides initial seed funding and management support to secure these 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 has recently crystalised a significant return through the sale of its 15% holding in Orbis Gold for $26million. Further development of its holdings

Figure 2 demonstrates how DGR Global continues to build value for shareholders.

Fig 1: DGR Global Corporate Structure as at 31 March 2015

Figure 5

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DGR Global Creates Resource Companies
Table 1: Current portfolio of
Assets held by DGR and market
valuation of listed entities
Market value represents the market quoted
price for listed investments at 27 April 2012
or the price at which the last round of
financing was raised for unquoted
investments. No value has been attributable
to the prospects in development.
1 The LionsGate Metals Inc (‘LionsGate’)
warrants allow the company to take up one
ordinary share in LionsGate to an exercise
price of C$1.50. The warrants are fully
vested and expire on 10 March 2013.
2 The Navaho Gold Ltd (“NVG”) options allow
the Company to take up one ordinary share
in NVG at an exercise price of $0.20. The
options are fully vested and expire on 31
December 2013.
3 The AusNiCo Ltd (“ANW”) options allow the
Company to take up one ordinary share in
ANW at an exercise price of $0.30. The
options are fully vested and expire on 19
November 2013.
D’Aguilar Gold holds 4 The Armour Energy Ltd (“Armour”) options
allow the Company to take up one ordinary
35.2 million shares share in Armour at an exercise price of
representing 15.6% $0.50. The options are fully vested and expire on 31 August 2014.
of Solomon Gold plc. 5 The Archer Resources Ltd (“Archer”) options
allow the Company to take up one ordinary
share in Archer at an exercise price of
$0.20. The options are fully vested and
Figure 1: DGR Global Group
expire on 31 December 2014.
Corporate Structure as at
30/09/15
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The Resource Company Factory

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Fig 2: (left) DGR
Global building
shareholder value
Fig 3: (below) DGR Global resource
company creator—Armour Energy
raises the bar for the future
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Figure 2: Company Creative Process

Figure 5

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fied the existence of high grade structures within widespread sub economic grades. DGR Global has also transferred an EL in the Central Copper-Gold-Silver-Zinc Lachlan Fold Belt near Bathurst, NSW to Archer Re-

sources. This EL contains an exciting gold-silver ProArcher is focused on the discovery and development of copper gold ject at silver and zinc deposits in Eastern Queensland. Caloola which already has an historic (non-

JORC) gold occurrence of 235,000 tonnes @ 2.5g/t The company holds a portfolio of 6 very prospective exploration project Au. The deepest historic drill hole CP10 stopped in areas and early-stage resources with huge upside potential. The six project areas (shown in Figure 3) contain at least 15 prospects, with several drill mineralisation at 96m, later assaying 14m of 3.86 g/t ready targets. Au from 82 metres.

The Mt Abbot Project area (see Figure 4) holds several walk up targets During the quarter Archer completed a small RC including Stockyard Creek, The Springs and Euri Creek. The Calgoa Project area (see Figure 5) has high-grade porphyry style mineralisation evident in drilling program at Caloola of 4 holes to 140 metres. historic workings within a large alteration zone of > 40 km[2] . The assay results confirmed the historical drilling

grades and thicknesses, and revealed a folded strucArcher and DGR geoscientists have reviewed all the historical drill data for the Ban Ban Zinc Deposit (held on MDL 409). The tenement has an oreture likely to indicate additional tonnages. The strucbody that has historically been deemed too small to be economic. For the tural information obtained will greatly assist in planfirst time the historic drilling data has been modelled in 3D and has ning follow up drilling programs. revealed significant areas where little is known, and confirms that the deposit may be open to the north but most certainly is open at depth.

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Figure 3: Archer Resources Project Locations

Marodian is probably the lrgest untested copper molybdenum gold porphyry system in the south west Pacific. With- Figure 4: Mt Abbot Project Area—3 EPMs in the 30 – 40 km² Cu Mo and Au zone (see Figure 9–use Fig

8 from Sep report) there are widespread areas of breccia vein This is clearly evident in the long section shown in Figure 6. stockworks and disseminations of generally low grade but Based on 3D modelling of the historical drill data the company has internally generated an exploration target of with locally richer patches that have supported small underapproximately 2 million tonnes to approximately 5 million ground mines in the past. Historical surface geochemistry is tonnes grading approximately 7% zinc to approximately incomplete, covering less than half the system, and rarely 10% zinc and approximately 8 g/t silver to approximately tested for gold. 10 g/t silver . It should be noted that the potential grade and tonnage is conceptual in nature, that there has been Porphyry copper deposits are normally tested with holes of insufficient exploration to estimate a Mineral Resource, 300m or deeper (due to the scale of the deposits) but no holes and that it is uncertain if future exploration drilling will at Marodian are deeper than 100m and almost all are less result in the estimation of an economic Mineral Resource. The Company is planning an exploration program (refer than 60m. The deepest previous drilling (by the Queensland page 5) to prove up the target over the next 12 months. Government) tested the underground workings around the

former Lug I Noor mine at the western extremity of the

Marodian system. These holes gave variable results but veri- Figure 5: Central area – Calgoa Project – showing historic mining sites

Figure 5

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Figure 6: Long section screen shot of Ban Ban Zinc Deposit modelled in 3D Software

Archer Resources has commenced a seed raising to raise $1.5 m by the issue of 30 million shares @ 5 cents per share. A significant portion of the funds raised will be used in a new drilling program at Ban Ban with the aim of delivering a JORC compliant resource within 12 months. Funds will also be spent to advance exploration at key project areas such as Mt. Abbot, Calgoa, Three Sisters, Gayndah and Pinnacle. Initial review will also be commenced on new tenements at Great Blackall and Hawkwood. Sophisticated Investors interested in participating in the Archer Resources seed raising can contact the Company Secretary for further information.

The following Figure 7 indicates how Archer management currently ranks the various projects in the company portfolio, and highlights the potential of an early economic resource being proven up at the Ban Ban Zinc Project (see Figure 8).

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Figure 7: Current Archer Resources Project Ranking – with Ban Ban Zinc a priority project

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Figure 8: Expansion of high grade zinc zone at Ban Ban will lead to a Development Scoping Study

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D G R G L O B A L L I M I T E D A C T I V I T I E S R E P O R T | S E P T 2 0 1 5 kkkkjkj

QUARTERLY REPORT 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

Registered Office and Head Office

D’Aguilar Gold

DGR Global Limited

holds 35.2 million Level 27, 111 Eagle Street Brisbane QLD 4000 Phone:+ 61 (0)7 3303 0680 Fax:+ 61 (0)7 3303 0681 shares representing Website: www.dgrglobal.com.au 15.6% of Solomon

Australian Stock Exchange (“ASX”)

ASX Code: DGR (Ordinary shares)

Australian Business Number

ABN 67 052 354 837

Internet Address

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Issued Capital

At 30 Sept 2015, DGR Global Ltd had the following securities on issue:

▪ 421,653,391 ordinary shares

▪ 4.4 million (unlisted) 6.5 cent options expiring 14/04/16

▪ 1 million (unlisted) 6.5 cent options expiring 10/07/16

▪ 12 million (unlisted) 12 cent options expiring 30/11/16

▪ 9.5 million (unlisted) 12 cent options expiring 29/05/17

Shareholding Enquiries

Link Market Services Limited manages DGR Global 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

All Company announcements, reports and presentations are posted on our website www.dgrglobal.com.au If you would like to receive news releases by email, please send email to info@dgrglobal.com.au with the subject “email alerts” or register your details on our website by clicking “Contact Us” and entering your details.

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Silver rich rocks from Rossmore workings, Archer Resources Pinnacle Project
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Exploraton and Mining Tenements

DGR Global interests in mining and exploration tenements at the end of the Quarter are as shown in the attached Appendix.

Competent Persons Statement

The information in this report that relates to Exploration Results and Exploration Targets is based on information complied 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 DGR Global Ltd and a Director of its subsidiaries and associates. 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 2012 Edition of the ‘Australian 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.

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Appendix

30-September-2015

DGR Global - Group Mining and Exploraton Tenements

Tenement	**Type **	Principal Holder	Locaton
ML 3678 ML 3741 ML 3749 ML 3752 ML 3753 ML 50059 ML 50099 ML 50148 MDL 409 EPM 15238 EPM 19379 EPM 19411 EPM 19815	Mining Lease " " " " " " " Mineral Development Licence	DGR Global Limited " " " " " " " " " Archer Resources Limited¹ " "	Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia Qld, Australia
	Exploraton Permit for Minerals
	" " "
EPM 25266	"	"	Qld, Australia
EPM 25607	"	"	Qld, Australia
EPM 15134	"	Barlyne Mining Pty Ltd²	Qld, Australia
EPM 18451 EPM 18808 EPM 19087	" " "	" "	Qld, Australia Qld, Australia Qld, Australia
EPM 25157	"	"	Qld, Australia
EPM 25189	"	"	Qld, Australia
EPM 19270	"	Coolgarra Minerals Pty Ltd³	Qld, Australia
EPM 25416	"	"	Qld, Australia
EPM 25547	"	"	Qld, Australia
EPM 19625	"	Pinnacle Gold Pty Ltd⁴	Qld, Australia
EPM 25525	"	"	Qld, Australia
16999-HQ-LPL	Large Prospectng Licence	DGR Zambia Limited⁵	Zambia, Africa
17308-HQ-LPL	"	"	Zambia, Africa

Notes

1 67% owned by DGR Global 2 100% owned by Archer Resources 3 100% owned by DGR Global 4 94% owned by DGR Global 5 100% owned by DGR Global

Legend

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Granted or acquired during the quarter

Change in Ownership % (eg: Farm-in) or transfer during the quarter

Surrendered, Expired or Sale/Disposal during the quarter