DGR GLOBAL LIMITED — Investor Presentation 2017

Oct 8, 2017

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October 2017 Corporate Presentation

Cautionary Statement

This presentation has been prepared by DGR Global Limited (“DGR Global” or “The Company”). By accessing this presentation you acknowledge that you have read and understood the following statement.

Forward‐looking Statements

This document, including but not limited to all forward looking figures, contain certain forward‐looking statements with respect to the financial condition, results of operations and business of DGR Global. The words “intend”, “aim”, “project”, “anticipate”, “estimate”, “plan”, “believes”, “expects”, “may”, “should”, “will”, “ target ” , “ set to ” or similar expressions, commonly identify such forward ‐ looking statements. Forward ‐ looking statements involve known and unknown risks, uncertainties, assumptions and other factors set forth in this presentation. In light of the risks, uncertainties and assumptions, actual results could be materially different from projected future results expressed or implied by these forward‐looking statements which speak only as to the date of this presentation. Except as required by applicable regulations or by law, DGR Global does not undertake any obligation to publicly update or revise any forward‐looking statements, whether as a result of new information or future events. The Company cannot guarantee that its forward‐looking statements will not differ materially from actual results. In this presentation, all figures are Australian Dollars unless stated otherwise.

Disclaimer

Neither this presentation, nor any part thereof, may be distributed, published or reproduced in any form, except as permitted by DGR Global. This presentation contains a number of non‐IFRS financial measures. DGR Global management considers these to be key financial and / or commercial performance indicators of the business and they may not defined and/or reconciled in DGR Global’s audited financial statements or Annual Report. Reference to external figures or statistics or predictions of growth, commodity demand and pricing, etc are not based on DGR Global’s own opinions, estimates or forecasts, and are compiled and published without comment from, or endorsement or verification by, DGR Global. Third party information is referenced to its source. By referencing any third party information, DGR Global does not imply that it endorses, confirms or expresses a view on that information. Any such information is provided for informational purposes only and is not intended to, nor does it, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by DGR Global or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of that information .

This presentation should read in conjunction with the audited financial statements of DGR Global, and where applicable, its other publicly available information such as market releases and presentations.

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2017 FINANCIAL RESULTS

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	2017 Highlights	2017 Highlights
Sponsored Companies	Financial Status	Short Term News Flow
Significant re‐ratings – SOLG and IRR	Strong Balance Sheet growth	DGR ‐ Oil project in Uganda
First gas sales from Kincora – AJQ	$9.8m investment in AJQ notes	SOLG – Maiden resource statement
Project acquisitions and West	$1.3 million cash balance	AJQ ‐ Gas production & increasing sales
African dominance – IRR
	All external debt repaid	IRR – Gold exploration results from Chad
Tin production & imminent sales –
ANW		ANW – Tin production & sales
Gold & lithium acquisitions – DHR		DHR – Lithium project advancement

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2017 Financial Results Post B a ance al D te venE ts DGR Global Progressing Tribeca investment deal. DGR (Auburn) Substantial nickel‐co pp er‐cobalt anomal y identified. DGR Global Interest in Ugandan oil project (with Armour). Armour First gas sales from Kincora Project. SolGold M oves rom f AIM o ma n oar t i b d o f th e LSE . SolGold Wins exploration and CEO awards at Mines and Money Americas. IronRidge Raises USD10m in capital. IronRidge Acquires 100% of Tekton (Chad gold projects) for scrip. Aus Tin Mining First tin sales from Granville Project in Tasmania. Dark Horse Lithium p ro j ects – initial ex p loration. Dark Horse Suite of gold‐prospective Argentinean projects acquired.

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2017 Financial Results
DGR Global’s Reported I ncome – Past 5 Y ears
Financial Year Profit / Loss Total Comprehensive Income / Loss
2013 ($4.3m) ($8.5m)
2014 ($7.2m) $0.6m
2015 $6.5m $1.3m
2016 $0 6. m $1 9. m
2017 $2.7m $88.9m
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* Includes movements in marked to market financial assets (Refer Slide 8)

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2017 Financial Results
DGR Global’s Ba ance l Sheet G rowth – Past 5 Y ears
Financial Year Total Assets Net Assets / Equity
2013 $33.3m $30.8m
2014 $40.6m $35.8m
2015 $41.2m $36.5m
2016 $47.4m $44.1m
2017 $176.5m $134.8m
Following dividend payment
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2017 Financial Results

Accounting Standards May mpacI t DGR B a ance l Sheet

IronRidge } Equity Accounted – AASB 128 Dark Horse Resources } Armour Energy }

Balance Sheet valuation is “capped” at the market value of the investment at the time of its deconsolidation (usually its IPO), less DGR’s share of its annual losses, plus the cost of any fresh investment. For 2017, this means that the “uplift” in the value of the investment in IronRidge is not fully reflected in the DGR Balance Sheet.

SolGold } Financial Assets at Fair Value – AASB 9 Aus Tin Mining } Marked to market each financial year. In broad terms, DGR’s Lakes Oil } investments are treated as “available for sale” where the level of

Marked to market each financial year. In broad terms, DGR’s investments are treated as “available for sale” where the level of the investment is less than 20% and is not intended to exceed 20% in the future.

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2017 Financial Results
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5 Year Reflection of DGR’s Investment in SolGold
$160 m
Value
$140 m
$135,577,543
$120 m
$100 m
Value
$80 m $84 293 505, ,
Cost
$60 m Value
$40 m
$20 m
Cost
$0 m $13,082,198
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2017 Financial Results
3 Year Reflection of DGR’s Investment in IronRidge
$40 m
$37,140,658
$36 m
$32 m
$28 m
Share Cost
$24 m
Market Value
$20 m Max Accounting Value
Value Per DGR Balance Sheet
$16 m
$11,865,150 $11,258,187
$12 m
$9,914,708
$8 m
$5,280,497
$4 m $4,645,062
$0 m $1,101,468
30/06/2015 31/12/2015 30/06/2016 31/12/2016 30/06/2017
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2017 Financial Results
DGR Share Price versus Net Tangible Assets
40.0
Jul 2013 - Jun 2017
35.0
30.0
25.0
20.0
15.0
10.0
5.0
0.0
-5.0
J u - l 13 J an- 14 J u - l 14 J an- 15 J u - l 15 J an- 16 J u - l 16 J an- 17
CASH AND NET RECEIVABLES SOLG AJQ IRR ANW DHR OBS OTHER
r Share
Cents pe
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2017 Financial Results
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DGR’s G&A Costs Net of Cash Income Generated
Net G&A
(Net Expense)
$(5,000,000)
$(4 000 000), ,
$(3,000,000)
$(2,000,000)
$(1,000,000)
$‐
Net Contribution
$1,000,000
$2,000,000
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Wh l bal? y DGR G o

Why DGR Global as a long‐term investment makes sense against the background of trends and changes taking p acel in the World.

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Why DGR Global ?

DGR Global Offers One Entry Point For Exposure to...

A diverse range of commodities. A diverse range of operational jurisdictions. Multiple financial markets and international exchanges. Traditional resources (gold, copper, gas) and technology‐driven resources (lithium, cobalt, tin). Long ‐ term growth underpinned by forecast commodity demands (Refer Appendix) . Underlying projects ranging from infancy to maturity. Emerging projects and yet‐to‐be‐listed companies. Ongoing project and resource company generation. Market and financial due diligence of project selection and advancement. Track record (Nick Mather has had 9 companies taken ‐ over and counting ...... ) . Co‐investment with Tribeca Investment Partners (Refer Slide 18).

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Why DGR Global ?

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Diverse Range of Commodities
Copper Lithium
SolGold, Auburn Dark Horse, IronRidge, Oil Cobalt Zinc
Aus Tin A rmour, DGR (U gan d a ) A us n, u Ti A b urn Auburn, Ripple
(Armour)
Gas Gold Iron Ore Tin Nickel
Armour S o lG o ld , IronR id ge & IronRidge Aus Tin Auburn, Aus Tin
Dark Horse, Auburn
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Why DGR Global ?
Multiple Jurisdictions
Ecuador
Argentina
Solomon Islands
Australia
Ghana
Gabon
Ivory Coast
Chad
Uganda
International Stock Exchanges (ASX, LSE, AIM, TSX)
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Why DGR Global ?
Diversity of Project Maturity Pay
dividends
5. Development / Corporate takeover
Phase 5
4. Resource definition, secondary raisings
Phase 4
3. Exploration programs
Phase 3
Phase 2
2. Seed raising, proof of concept, IPO
Phase 1
1. C h oose commo d ity, region an d country
Re‐invest in
new projects
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Agreement with Tribeca Investment Partners

$8 million subscription of convertible notes ma t ur ng n years. i i 2 $2 m op ti ona un l f di ng ranc t h e.

Convertible at $0.20 at Tribeca’s election.

12% interest rate, unsecured.

Ben Cleary to join DGR Board.

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Tribeca was rated as the best performing hedge fund for 2016 with a Net Return of 148% in the 2017 Preqin Global Hedge Fund Report.

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Appendix Why Resources?

Global urbanisation is increasing at an unprecedented rate which is creating an enormous demand for natural resources. As the World moves to urbanise and electrify, resource commodities will be a key focus for long term growth and sustaining growth and lifestyles.

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Why Resources?

Factors Underpinning Future Demand for Resources

The United Nations has predicted that by 2030 the World’s population will be 8.6 billion, and by 2050 it will be 9.8 billion.

Globally, life expectancy continues to increase, and populations are generally ageing. Globally , populations (existing and forecast growth) are driving urbanisation (Refer Slide 23) .

Infrastructure requirements for urbanisation continue to underpin the growth of traditional resources (such as copper, gas, iron ore, bauxite, etc) and continuing technological innovations are creating demand for other resources such as lithium, cobalt, tin, etc (Refer Slides 24 & 25).

Global energy demand will continue to underpin demand for oil and gas, notwithstanding the emergence and growth of renewables (Refer Slides 21 & 22).

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Why Resources? Forecast Demand for Gas Remains Strong

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Source: BP Energy Outlook Report 2017

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Why Resources?

Australian Gas Forecast to Play a Major Role in Supply

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Source: BP Energy Outlook Report 2017

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Why Resources?

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Source: UN – Global Urban Population Projection

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Why Resources?
Urbanisation Driving Future Demand For Copper
Source: LME Macquarie Research
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Why Resources?

Emerging Technologies Driving New Resource Demands

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Source: Visual Capitalist website

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DGR Global Limited

DGR Global Contact Points Nick Mather | CEO nmather@dgrglobal.com.au Karl Schlobohm | Company Secretary kschlobohm@dgrglobal.com.au Priy Jayasuriya | Chief Financial Officer pjayasuriya@dgrglobal.com.au Pru Maclean | Business Development / IR pmaclean@dgrglobal.com.au Twitter: DGRGlobal LinkedIn: https: // www.linkedin.com / company / dgr‐global ASX:DGR | www.dgrglobal.com.au

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