DGR GLOBAL LIMITED — Interim / Quarterly Report 2020

Aug 2, 2020

DGR Global

Quarterly Report

DGR GLOBAL (ASX: DGR) is not just another resources company. DGR Global is a resource company creator .

Our project generation, strategic tenure acquisition, corporate development and investment capabilities provide diversity across several different commodities, sovereign jurisdictions and international financial exchanges. With our group of talented geoscientists, we focus on identifying and securing projects that will yield valuable world-class resource assets.

APRIL 2020 – JUNE 2020

DGR Global (ASX:DGR) 27/111 Eagle Street, Brisbane, QLD 4000 www.dgrglobal.com.au 07 3303 0680

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DGR GLOBAL CREATES RESOURCE COMPANIES

DGR Global’s business 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 projects capable of yielding world class discoveries of attractive commodities. This is achieved through the identification of commodities with a favourable 20-year demand, growth and price outlook. DGR searches for geological terranes with:

• A demonstrated strong endowment for that commodity in an historically under-explored

• region

• Opportunity for the application of newly developed exploration and metallurgical

• techniques to assist in the definition of economic resources

• Jurisdictions with improving socio-economic and regulatory frameworks

• Extensive available tenures

• Existing data sets which provide the basis for innovative 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 in 2015 crystallised a significant return through the sale of its 15% holding in Orbis Gold for $26Million. Further development of its holdings in LSE/TSX listed SolGold and AIM listed IronRidge Resources and ASX listed Aus Tin Mining, Dark Horse Resources and Armour Energy and unlisted Auburn Resources are expected over the coming years.

The previous resource exploration and funding activities of DGR’s key personnel underscore the opportunities provided by the DGR business model. DGR Global does not generally purchase its exploration projects. DGR’s 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.

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 June 2020, DGR Global holds:

• 19.25% of Armour Energy Ltd (ASX : AJQ),

• 9.85% of SolGold Plc (LSE/TSX : SOLG),

• 18.05% of IronRidge Resources Ltd (LSE : IRR),

• 12.55% of Aus Tin Mining Ltd (ASX : ANW),

• 13.10% of Dark Horse Resources Ltd (ASX : DHR).

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Figure 1 - DGR Global Group Corporate Structure

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DGR Global Blueprint

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DGR GLOBAL MEDIA ROUND UP

QUARTER 2: OLD GOLD AND THE NEW FUTURE

As we present the Quarter Two Update for DGR Global and its subsidiary companies we have seen it as an ideal opportunity to also present an opinion piece on one of the best performing commodities on the market at present, and one that DGR Global and its subsidiary companies have a strong focus on: gold .

Over the last six months, and more recently in the days leading up to the distribution off this report; the gold price has risen to an all time high since 2011, currently sitting at US$1,948 per ounce. ([1.] KITCO, 2020). This price has been slowly increasing since March 2020 when the international market began to feel not only the ripple effect of the COVID-19 global pandemic, but also the US - China trade war, and closer to home a deterioration and weakening of the Australia – China trade relationship. Historically, in times of pending economic turmoil, gold has proven to be the ‘safe haven’ comparatively to traditional securities, this is more prevalent than ever before.

The question does remain, what does this indicate for investors?

In Deloitte’s Tracking the trends 2020: The top 10 issues transforming the future of mining , Trend 4: Dynamically managing risk , author Andrew Swart notes: “It is at present almost an understatement to say that global volatility is on the rise. From Brexit, US/China trade discussions, and instances of rising nationalism and xenophobia to disease outbreaks, environmental disasters, and climate change, the world faces significant uncertainty.” ([2.] Swart, 2020) The ripple effect of this is a net risk on globalisation in the modern world, resulting in widespread uncertainty, and when this occurs in the market, investors are likely to seek security within their portfolio with ‘safe-haven’ commodities such as gold and silver.

The World Gold Council noted in the Gold mid-year 2020 Outlook , “Against this backdrop, we believe that gold can be a valuable asset: it can help investors diversify risks and may positively contribute to improving riskadjusted returns.” Furthermore, noting that in the current global economic environment “three of the four drivers are supportive of investment demand for gold, namely: 1. High risk and uncertainty 2. Low opportunity cost 3. Positive price momentum”. ([3] .World Gold Council, 2020).

Chantelle Kotze makes also reference to findings from the World Gold Council in her article Gold: Still a safe haven asset in times of crisis , published June 17, 2020 in the Mining Review, “Investors and Central Banks in particular continue to see value in gold during these times, because gold has been a source of returns, is a great diversifier or portfolios and because it enhances risk adjusted returns of a portfolio.” ([4.] Kotze, 2020).

The DGR Global Investment Opportunity

When we take into consideration these global trends, DGR Global is well positioned to offer investors a diverse but secure investment opportunity with several companies within the DGR Global portfolio currently undertaking gold exploration activities in a variety of jurisdictions, across various international markets, referenced in figure 1.0, page 5.

DGR Global is continually focussed on the exploration of tomorrow’s resources, which offer both a strong store of value and traditional and future use.

This content is for general information purposes only and does constitute investment advice, and we recommend seeking discretionary financial advice.

DGR Global has referenced and make commentary on the below media sources.

1. Kitco.com. 2020. Gold Price Today In USD | Gold Spot Price And Gold Chart | KITCO. [online] Available at: https://www.kitco.com/gold-price-today-usa/

2. Swart, A., 2020. Trend 4: Dynamically Managing Risk. [online] Deloitte Insights. Available at: https://www2.deloitte.com/us/en/insights/industry/mining-andmetals/tracking-the-trends/2020/dynamically-manage-mining-risk.html

3. World Gold Council. 2020. Gold Outlook 2020 | Mid-Year Gold Market Outlook | World Gold Council. [online] Available at: https://www.gold.org/goldhub/research/gold-outlook-2020-mid-year

4. Kotze, C., 2020. Gold: Still A Safe Haven Investment In Times Of Crisis. [online] Miningreview.com. Available at: https://www.miningreview.com/gold/gold-stilla-safe-haven-investment-in-times-of-crisis/

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Figure 1.0 The DGR Global Gold Investment Opportunity

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QUARTERLY REPORT FOR THE PERIOD ENDED 30 JUNE 2020

The quarter has not been without its challenges in the context of the global pandemic, however DGR and its related entities have remained highly active and continued to advance projects within their respective portfolios as permitted by prevailing conditions. Highlights for each entity for the current quarter follow.

DGR Global [ASX:DGR]

• COVID-19 has temporarily impacted DGR’s capacity to carry out its normal business, however DGR has implemented a number of financial and operational strategies to minimise risk and endeavour to maintain shareholder value during this challenging period and to be appropriately prepared to resume exploration activities as soon as conditions permit.

• Successful completion of Accelerated Non-Renounceable Entitlement offer to raise $A5.67m in May. The offer, comprising both Institutional and retail components was substantially oversubscribed with applications for approximately $A11.8m received[1] .

• The Company continues to focus on new project generation and value creation and also continues to seek out new investment and development opportunities to drive the creation of new resource companies.

• Business model endorsed by the best performing hedge fund in the world for 2016 with Tribeca Investment Partners providing $A10m in convertible note funding to further develop the resource company creation business[2] .

• DGR holds an 83.16% (Armour Energy 16.84%) interest in a highly prospective oil project in the Kanywataba Block, Uganda[3] .

• HSEC for the group entities for which DGR acts as Operator, maintains a rolling 12-month TRIFR of 0.00 and zero environmental incidents for the corresponding period, highlighting the continuous commitment to sustainable and safe operations.

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Share Price Discount To Net Tangible Assets to 30 June 20

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60%
54%
55%
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45%
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30%
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SolGold Plc (LSE and TSX: SOLG) – DGR Interest 9.85% 204.2M Shares

• Focus on high-grade world-class copper gold porphyry systems at Cascabel in Ecuador. Cascabel is proximate to Quito and seaports, is at low elevation, and has abundant water supplies and access to hydropower.

• Exploration activities at a number of SolGold’s 72 wholly owned Mineral Concessions in Ecuador, that were temporarily suspended of due to COVID-19 in late March, have recommenced in June, with strict COVID-19 protocols in place[4] .

• SolGold remains the dominant explorer in the country.

• A second cluster of large, fertile porphyry systems discovered at the Rio Amarillo Project. An enhanced heli-magsurvey has identified 4 high priority porphyry targets with drill testing expected to commence this year[5] .

• SolGold continues to progress with work on the Pre-Feasibility Study ( PFS ), scheduled for completion by Q3, 2020 and the Definitive Feasibility Study ( DFS ), scheduled for completion by end Q1, 2021[6] .

• Phase 2 metallurgical test-work has resulted in upgraded recoveries and indicates a potential increase in revenues from the Alpala Project[7] .

• Net Smelter Returns ( NSR ) Financing Agreement of $US100m with upscale to $US150m from Franco-Nevada concurrent with an initial advance of $US15m under a Bridge Loan Agreement[8] .

• Fundraising completed comprising placement, conditional subscription, and retail offer raising gross proceeds of approximately $US33.6m[9] . A subsequent further subscription by certain institutional and private investors raised approximately $US6.1m[10] .

• Expert Technical Appointments of Mr Peter Holmes as Director of Studies and Mr Steven Belohlawek as General Manager – Underground Development and Mining[11] .

• Commencement of offer to acquire Cornerstone Capital Resources Inc.[12] .

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Armour Energy Ltd (ASX:AJQ) – DGR Interest 19.25% 150.0M 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.

• Following extensive review of potential oil exploration, appraisal and development acreage, new material oil reserves and resources added to the Company’s portfolio[13] .

• Armour holds an interest in an Exploration Licence (DGR 83.16%, Armour 16.84%) over the highly prospective Kanywataba Block in the Albertine Graben, Uganda . Less than 40% of the Albertine Graben has been subjected to exploration to date where 101 wells of approximately 115 wells drilled have encountered hydrocarbons[14] .

• Force majeure conditions currently in operation with the 2D seismic programme planned to recommence once conditions are favourable and travel restrictions are lifted[15] .

• Petroleum acreage near Chinchilla awarded to the Armour-APLNG JV with formal grant of Petroleum Production Licence being granted in the previous quarter. First gas from this tenement area planned for delivery by mid-2021[16] .

• Activities at the Kincora Project, that have been independently verified, confirm a 22% increase in P2 gas reserves[17] .

• Acquisition of Oilex’s Cooper Eromanga Basin assets[18] .

• Appointment of former Drillsearch Energy Ltd Managing Director, Mr Brad Lingo , as CEO[30] .

• Agreement entered into with Australia Pacific LNG (APLNG) for the sale of Armour’s interest in Petroleum Lease 1084 (PL 1084) known as the Murrungama Block for $A4.0m[19] .

• Capital raising through Private Placement and Accelerated Non-Renounceable Entitlement Offer raising in excess of $A8.0m[20] .

• Addition of Block CO2019-E (PELA 677) (“Block C”) permit in the northern flank of the Cooper Basin in South Australia[21] .

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IronRidge Resources Ltd (LSE:IRR) – DGR Interest 18.05% 73.0M Shares

• Primary focus on gold (in Chad and Ivory Coast ) and lithium (in Ghana and Ivory Coast ) now firmly established with extensive tenement packages secured in all three countries.

• Retention of highly prospective hematite rich iron targets in Tchibanga and Belinga Sud licence areas in Gabon (total tenure 5,400km[2] ).

• Second phase drill programme commenced and subsequently increased to approximately 15,000 metres of combined Air Core (AC) drilling and Reverse Circulation (RC) drilling along strike from previously reported high-grade drill intersections over the Ehuasso target, with an additional 6,000 metres of reconnaissance AC drilling over the Ebilassokro target within the Zaranou Gold Project in the Ivory Coast Project area[22] .

• Placing and subscription conditionally raising £4.75m[23] .

• Infill soil sampling further enhances multiple large scale soil anomalies along the structural corridor of the Zaranou Gold Project with soil anomalies and artisanal mining zones defined over a 47km striking gold zone[24] .

• Mineral Exploration Licence PL3/109, Mankessim South granted to wholly owned subsidiary Green Metals Resources Ltd in Ghana[25] .

• Completion of the acquisition of CAPRI Metals SARL giving full ownership of a further highly prospective gold exploration portfolio in the Ivory Coast[26] .

• Historical data secured from previous explorers of the Zaranou Gold Project confirms a significant, drill ready target at Yakasse[27] .

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Dark Horse Resources Ltd (ASX:DHR) – DGR Interest 13.1% 385.7M Shares

• Focused on exploring for alternative world class gold deposits in multiple, diverse jurisdictions including Argentina and Finland as well as other precious and base metals project opportunities.

• Final obligations first year obligations to earn 25% equity in the Las Openas Gold Project completed[28] .

• Private placement raising $A0.675m and opening of Share Purchase Plan (SPP) to raise up to a further $A1.0m[29] .

• Execution of Term Sheet with Sotkamo Silver AB to acquire 100% interest in 7 gold exploration permits in the Tampere Gold region of Finland and 7 tungsten exploration permits in the Bergslagen Tungsten Project in Sweden[30] .

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Aus Tin Mining (ASX:ANW) – DGR Interest 12.55% 362.2M Shares

• Focussing on minerals critical for future electrification including tin, copper, cobalt and nickel.

• August 2013 JORC resource estimate confirmed Taronga as a world class tin project. The details of the resource (79% indicated) can be viewed on the ASX or on the Aus Tin Mining website.

• Metallurgical flow sheet completed for Taronga (NSW) pre-feasibility study. Ore described as coarse grained, having simple metallurgy, and highly amenable to pre-concentration.

• Non-binding term sheet signed with Lachlan Copper for a farm-in over three exploration licences prospective for copper and gold located in the Lachlan Fold Belt in NSW[31] .

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Auburn Resources | 44.79% DGR Interest 17.3M Shares

• Continuing to develop and consolidate as a zinc-lead, nickel-copper-cobalt, copper-gold company exploring in QLD and NT, with several highly prospective areas in the NT.

• Key Iron Oxide Copper Gold (IOCG) and lead-zinc targets identified and secured in the Tanumbirini district of the Northern Territory[32] – refer later section for further details.

• Potential for major copper gold discoveries at Mt Abbott, Calgoa and Marodian Projects and large sulphide nickel-cobalt-copper discoveries near Hawkwood[33] .

• Exploration targets defined for zinc at the Ban Ban Project.

• Successful Collaborative Exploration Initiative (CEI) Grant application for $85k funding a ground based Moving Loop Electromagnetic (MLEM) survey at the Hawkwood Project[34] .

• Planning well advanced for ASX listing (subject to market conditions) in 2020.

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Armour Uganda | DGR Interest 83.16% (AJQ 16.84%)

Project: Kanywataba Block | Area: 344km[2 ] | Prospective for: Oil and Gas Location: Albertine Graben, Uganda

Armour Uganda’s flagship project is the ‘The Kanywataba Block’ it is located in a rift basin within the Albertine Graben, within close proximity to the Total and CNOOC operations in the North.

Within the block there are multiple developed (untested) on-trend structural traps (3-way and 4- way dip closures) and multiple untested stratigraphic traps.

The Kingfisher oil discovery (40km NE of Kanywataba) oil seeps confirm local working petroleum system.

Force majeure conditions are currently in operation as a result of wet weather and the COVID-19 pandemic. Activities will resume once conditions become favourable and travel restrictions are lifted.

Activities have included the following:

• Reprocessing of existing 2D seismic data

• Geochemical surface soil gas sampling program

• 2D seismic programme

• Basin Analysis study

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NEW OPPORTUNITIES

Coolgarra Minerals | 100% DGR owned

• 6 Exploration Permits (EPMs) for gold , nickel , cobalt and antimony in North Qld.

• No exploration activities were undertaken in the current quarter.

• Pinnacle Gold | 94% DGR owned

• 6 EPMs for gold in Queensland .  2 MELs for gold and copper the Northern Territory .

• No exploration activities were undertaken in the current quarter.

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Footnotes:

1DGR ASX Releases 28/4, 30/04, 26/05, 29/05/20 2DGR ASX Releases 22/8, 25/10/17, 26/9/18 3AJQ ASX Release 14/9/17 4SOLG LSE & TSX Releases 25/3, 22/06/20 5SOLG LSE & TSX Releases 13/2, 10/7/20 6SOLG LSE & TSX Release 11/3/20 7SOLG LSE & TSX Release 29/4/20 8SOLG LSE & TSX Release 11/5/20 9SOLG LSE & TSX Releases 4/6, 5/6/20 10SOLG LSE & TSX Release 8/6/20 11SOLG LSE & TSX Release 25/6/20 12SOLG LSE & TSX Release 30/6/20 13AJQ ASX Release 18/2/20 14AJQ ASX Release 19/9/17 15AJQ ASX Releases 28/10, 11/12/19, 15/6/20 16AJQ ASX Releases 30/5, 18/7/19, 11/3/20 17AJQ ASX Releases 30/9, 3/10/19, 12/6/20 18AJQ ASX Releases 28/5, 15/6/20 19AJQ ASX Release 18/6/20 20AJQ ASX Releases15/6, 19/6, 10/7/20 21AJQ ASX Release 1/7/20 22IRR LSE:AIM Releases28/4, 2/7, 9/7/20 23IRR LSE:AIM Release 11/5/20 24IRR LSE:AIM Release 1/6/20 25IRR LSE:AIM Release 30/6/20 26IRR LSE:AIM Release 1/7/20 27IRR LSE:AIM Release 2/7/20 28DHR ASX Release 8/7/20 29DHR ASX Release 25/6/20 30DHR ASX Releases 9/6, 7/7/20 31ANW ASX Release 16/4/20 32DGR ASX Release 20/5/19 33DGR ASX Releases 3/7, 5/7/17, 8/11/18 34DGR ASX Release 30/7/20

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Auburn Resources | 44.79% DGR Interest 17.3M Shares

COPPER-GOLD-ZINC-NICKEL-COBALT

Auburn Resources is focused on the discovery and development of copper, gold, nickel, cobalt and zinc deposits in Eastern Queensland and the Northern Territory.

• Significant iron oxide copper gold (IOCG) indicators at Tanumbirini West.

• Large pyritic dolomitic sub-basin highly anomalous in lead (prospective for lead zinc deposits in the broader McArthur Basin) at Tanumbirini East.

• The Northern Territory Government has granted all 12 Exploration Licence Applications at the Victoria River Project (Zinc, Lead) and the Tanumbirini Project Area west of the McArthur River Zinc Mine.

• The Tanumbirini Project Area strongly supported by Northern Australia Geochemical Survey data base and Airborne Electromagnetic Surveys (both Geoscience Australia databases).

Figure 1: Location of the Tanumbirini and Victoria River Projects in the Northern Territory.

Figure 2: The Tanumbirini Project Area – traversed by the sealed Carpentaria Highway and the gas pipeline to the McArthur River Mine

The Northern Territory Government has now granted 11 of the 12 Exploration Licences that make up the Tanumbirini and Victoria River Projects to Pennant Resources Pty Ltd, a wholly owned subsidiary of Auburn Resources Limited, 47% owned by DGR Global ( see Figures 1 and 2 ).

Tennant Creek and Mt Isa are the preeminent mineral resource hubs for the Northern Territory and Queensland. The region between these two hubs is a vast prospective frontier covered by a thin veneer of sediments. Geoscience Australia (GA), as part of the Federal Government’s “Exploring for the Future” program, undertook an extensive soil sampling survey in collaboration with the Northern Territory Geological Survey and the Geological Survey of Queensland.

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Catchment outlet sediment samples were collected at 776 sites (including duplicates) and analysed for elemental composition using three different analytical techniques1. The black dots in Figure 3 show all the sample points. Subsequently, GA undertook a wide spaced airborne Electro-Magnetic survey over the whole area, principally to define sulphide mineralization targets.

In mid-2018 GA started the public release of the Northern Australian Geochemical Survey2, and DGR Global geoscientists started to interrogate the massive data sets. With a primary interest in base metals, DGR focused on the total lead assays rather than other base metals such as copper and nickel, since lead is relatively insoluble, not moving far from its point of origin. Figure 3 shows the result of this data search. The total lead footprint at Tanumbirini is larger in area than that at Mt Isa to the east, and comparable in magnitude given that Tanumbirini is all under cover and Mt Isa is exposed and has been mined for approximately a century. Lead high values to 46.2 ppm characterize Mt Isa and 34 ppm characterizes the Tanumbirini area. Auburn Resources subsidiary Pennant Resources immediately lodged Exploration Licence applications over the area as shown ( see also Figure 2 ).

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Figure 3: Geoscience Australia overbank fine stream sediment sample points, with regional lead anomalism (Total Lead > 25 ppm by ICP-MS) shown in dark pink

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Figure 4: Lead (light green) and Copper (light blue) anomalism by MMI (partial leach) geochemistry

More detailed investigation of the NAGS data sets further confirmed the large area of base metal anomalism at Tanumbirini. Examining the data sets for lead and copper by Mobile Metal Ion™ (partial leach) geochemistry indicates an even larger anomalous footprint at Tanumbirini, with a significant indication of copper on the western section of the project area ( see Figures 4 and 5 ). Highest copper in the unpolluted Tanumbirini area is 4310 ppb by MMI™. This compares to a high of 11,600 ppb in the polluted tailings creek at Mt Isa, but otherwise the Mt Isa area high is 2970 ppb. Copper in a blue copper sulphate stained polluted creek at the Mt Oxide mine is off scale at >20,000 ppb but is otherwise 2 – 3,000 ppb in the Mt Oxide Gunpowder copper district.

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IOCG Targets

Coinciding with the timing of DGR’s research, Greatland Gold plc announced its Havieron IOCG discovery at the Paterson Ranges about 40 kms east of Telfer. Noting that Greatland had previously announced that anomalous rare earths in soils were an exploration tool for IOCG deposits, DGR went back to the NAGS data sets to search for rare earths. As shown in Figure 5 (below), rare earths point to a massive IOCG target zone on the western section at Tanumbirini (yet to be supported by gravity and magnetic data).

Figure 5: Copper, gold, uranium, rare earths and molybdenum association at Tanumbirini– indicative of large IOCG (Iron Oxide Copper Gold) targets under relatively shallow cover

DGR therefore considers that in the Tanumbirini Project Area the company has secured two new potential mineral fields:

1. A pyritic dolomitic shale sub basin of the broader McArthur Basin prospective for lead zinc deposits at Tanumbirini East; and

2. An iron oxide copper gold target area at Tanumbirini West.

Figure 6 is a composite diagram incorporating mapped fault structures and EM supported geology on a magnetic image, indicating the interpretation of a fault bounded pyritic dolomitic shale sub basin prospective for lead zinc deposits on the east, and iron oxide copper gold (IOCG) targets on the west. The stand-out feature through Tanumbirini is an 80 km long magnetic terrane boundary (shaded in purple), and which DGR considers is the source of the copper-gold-uranium-molybdenum-rare earth anomalism. The soil geochemistry and EM data from the Geoscience Australia surveys adds to an already extensive knowledge of surface geology and faults in the area, as well as available detailed magnetic data and a general understanding of the local stratigraphy.

Figure 6: Geological Interpretation on Magnetic Image – a fault bounded pyritic dolomitic shale sub basin on the east (similar to Mt Isa in NW Qld), and IOCG targets on the west – similar but shallower than Olympic Dam or Havieron.

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The following Figure 7 shows a conceptual SW – NE geological cross-section of the Tanumbirini Project Area.

Figure 7: Conceptual SW – NE Geological Cross-Section of the Tanumbirini Project Area

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CORPORATE ACTIVITIES

DGR Global [ASX:DGR]

June Quarter Expenditure

Total exploration expenditure for DGR entities for which DGR is the appointed Operator (excluding Central Minerals Pty Ltd and Acapulco Mining Pty Ltd) during the quarter was $332,465.

Following the capital raising undertaken pursuant to a Section 713 Prospectus, the Company’s Use of Funds is as outlined below:

Use of Funds

	Prospectus	Actuals to 30 June 2020	Balance
Sources of Funds
Cash on hand	871,000	871,000	‐
Proceeds of Retail Entitlement Offer	5,671,932	5,671,932	‐
Management fees	552,000	84,000	468,000
Proceeds from sale of Armour Notes	‐	91,000	(91,000)
Interest on Armour Notes	273,000	94,555	178,445
Total Sources of Funds	7,367,932	6,812,487	555,445
Uses of Funds
Auburn Resources		(112,080)
Uganda Oil Project		‐
Pinnancle Gold		(7,052)
Coolgarra Minerals	600,000	(8,615)	421,761
Hartz Rare Earths		(88)
DGR Energy		‐
DGR Exploration		(50,405)
Interest payable to Tribeca investment partners on Convertible notes	900,000	(299,178)	600,822
Uganda Oil Project	1,000,000	(154,225)	845,775
Corporate overheads	2,005,000	(374,475)	1,630,525
Additional investments in DGR investee companies	1,000,000	(862,498)	137,502
Costs of Retail Entitlement Offer	380,000	(356,047)	23,953
Creditors and accruals	1,095,000	(736,355)	358,645
Working Capital	387,932	‐	387,932
Total Uses of Funds	7,367,932	(2,961,016)	4,406,916
Cash at Bank 30 June 2020		3,851,471

Related Party Disclosures/Payments

During the quarter DGR made payments totalling $78,000 to associates or related parties being partial payment of outstanding fees to the Managing Director.

During the quarter DGR advanced $A6,000 to Aus Tin Mining Limited for operating costs by way of a loan. The loan is unsecured and accrues interest at the rate charged by the bankers for Aus Tin on any overdraft accommodation for an amount of $100,000 or more (currently 3.86%p.a.). The loan will be capitalised and only repayable when the funding is repaid. The loan is repayable on the earlier of the completion of a successful capital raising event or 12 months.

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QUARTERLY ACTIVITIES REPORT

FOR THE PERIOD ENDED 30 JUNE 2020

Directors

Nicholas Mather (Managing Director) Brian Moller Vincent Mascolo Ben Cleary

Company Secretary Karl Schlobohm

General Manager John Bierling

Internet Address

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 an email to info@dgrglobal.com.au with the subject line “email alerts” or register your details on our website by clicking “Contact Us” and entering your details.

Issued Capital

Principal Exploration Geologist Russell Dow

Registered Office and Head Office DGR Global Limited Level 27, 111 Eagle Street Brisbane QLD 4000 Phone: +61 7 3303 0680 Fax: +61 7 3303 0681 Website: www.dgrglobal.com.au

Australian Stock Exchange (“ASX”) ASX Code: DGR (Ordinary shares)

Australian Business Number 67 052 354 837

At 30 June 2020, DGR Global Ltd had the following securities on issue:

766,477,633 ordinary shares

50 million (unlisted) convertible notes maturing 26/9/20 16.875 million (unlisted) 20 cent options expiring 8/11/20 15.1875 million (unlisted) 20 cent options expiring 28/11/20 4.2 million (unlisted) 20 cent options expiring12/02/21 36.665803 million (unlisted) 8.4 cent options expiring 28/05/22

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.

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 and Exploration Targets 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 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 is he undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (the JORC Code). Mr Mather has consented in writing to the inclusion in this report of the matters based on information in the form and context in which it appears.

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			Appendix	Appendix
30‐June‐2020
		DGR Global‐ Group Mining and Exploration Tenements
Tenement		Type		Principal Holder	Location
ML 3678		Mining Lease		DGR Global Limited1	Qld, Australia
ML 3741		"		"	Qld, Australia
ML 3749		"		"	Qld, Australia
ML 3752		"		"	Qld, Australia
ML 3753		"		"	Qld, Australia
ML 50059		Surrendered		"	Qld, Australia
ML 50099		Surrendered		"	Qld, Australia
ML 50148		Mining Lease		"	Qld, Australia
ML 50291		"		"	Qld, Australia
EPM 19379		Exploration Permit for Minerals		Auburn Resources Limited²	Qld, Australia
EPM 25948		"		"	Qld, Australia
EPM 26013		"		"	Qld, Australia
EPM 26245		"		"	Qld, Australia
EPM 26248		"		"	Qld, Australia
EPM 26526		"		"	Qld, Australia
EPM 26529		"		"	Qld, Australia
EPM 26758		"		"	Qld, Australia
EPM 27217		"		"	Qld, Australia
EPM 26523		"		"	Qld, Australia
EPM 18534		"		"	Qld, Australia
EPM 15134		Exploration Permit for Minerals		Barlyne Mining Pty Ltd³	Qld, Australia
EPM 18451		"		"	Qld, Australia
EPM 19087		"		"	Qld, Australia
EPM 26274		"		"	Qld, Australia
EPM 26607		"		"	Qld, Australia
EPM 26796		Exploration Permit for Minerals		Pennant Resources Pty Ltd⁴	Qld, Australia
EPM 31980		"		"	NT, Australia
EPM 31981		"		"	NT, Australia
EPM 32002		"		"	NT, Australia
EPM 32006		"		"	NT, Australia
EPM 32008		"		"	NT, Australia
EPM 32009		"		"	NT, Australia
EPM 32010		"		"	NT, Australia
EPM 32011		"		"	NT, Australia
EPM 32012		"		"	NT, Australia
EPM 32013		"		"	NT, Australia
EPM 32014		"		"	NT, Australia
EPM 32039		"		"	NT, Australia
EPM 19270		Exploration Permit for Minerals		Coolgarra Minerals Pty Ltd⁵	Qld, Australia
EPM 26265		"		"	Qld, Australia
EPM 26355		"		"	Qld, Australia
EPM 26382		"		"	Qld, Australia
EPM 26386		"		"	Qld, Australia
EPM 27061		"		"	Qld, Australia
EPM 25525		Exploration Permit for Minerals		Pinnacle Gold Pty Ltd⁶	Qld, Australia
EPM 25963		"		"	Qld, Australia
EPM 25964		"		"	Qld, Australia
EPM 25965		"		"	Qld, Australia
EPM 25966		"		"	Qld, Australia
EPM 32031		"		"	NT, Australia
EPM 32032		"		"	NT, Australia
EPM 27289		"		"	Qld, Australia
Notes
1	10	0% owned by DGR Global
2	45	% owned by DGR Global
3	10	0% owned by Auburn Resources
4	10	0% owned by Auburn Resources
5	10	0% owned by DGR Global
6	94	% owned by DGR Global
Legend
	G	ranted or acquired during thequarter
	Change in Ownership %(eg: Farm‐in) or transfer during thequarter
	Surrendered, Expired or Sale/Disposal during thequarter

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DGR Global

27/111 Eagle Street, Brisbane. QLD 4000 07 3303 0680 www.dgrglobal.com.au info@dgrglobal.com.au

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