Download DRDGOLD announces the advancement of the first phase of the Far West Gold Recoveries

Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) would like to refer shareholders to the announcement below, issued by DRDGOLD Limited (DRDGOLD) regarding the advancement of the first phase of the Far West Gold Recoveries, previously known as the West Rand Tailing Retreatment Project (WRTRP).

Background information: On 1 August 2018 Sibanye-Stillwater acquired 38.05% of the issued share capital of DRDGOLD in exchange for selected assets of the WRTRP including gold surface tailing dams. In addition to the current shareholding, Sibanye-Stillwater has an option to subscribe for Option Shares within 24 months to further attain up to a 50.1% shareholding in DRDGOLD at a 10% discount to the 30 day volume weighted average traded price of a DRDGOLD share on the day prior to the date of exercise of the option. For more information on the DRDGOLD and Sibanye-Stillwater transaction, refer to https://www.sibanyestillwater.com/investors/transactions/drdgold.

DRDGOLD announcement:

Far West Gold Recoveries, phase 1: early-stage commissioning in progress

Johannesburg, South Africa. 3 December 2018. DRDGOLD Limited (DRDGOLD; JSE, NYSE: DRD) has announced that, just four months into construction of Phase 1 of its Far West Gold Recoveries project, commissioning is set to start on Thursday (6 December) with the pumping of reclaimed tailings into the carbon-in-leach (CIL) circuit.

CEO Ni�l Pretorius says the project is on track to achieve full production of 500 000tpm from Phase 1 in the first quarter of 2019.

As part of early-stage commissioning, face has been established at the Driefontein 5 tailings dam reclamation site, from which pumping of reclaimed tailings through a new 2km pipeline to the Driefontein 2 plant is set to begin. A parallel pipeline to return water from the plant to the reclamation site has been completed.

Work to upgrade the plant�s retreatment capacity is well advanced, with carbon loading �also part of the overall commissioning process � set to begin immediately.

An 8km pipeline to transport retreated tailings from the plant for cyclone deposition on the Driefontein 4 tailings dam and a parallel return water pipeline from the deposition site to the plant have also been completed.

DRDGOLD concluded its acquisition of Far West Gold Recoveries, previously the West Rand Tailings Retreatment Project, from Sibanye-Stillwater at the end of July 2018.

http://www.drdgold.com/investors-and-media/media-releases/2018/far-west-gold-recoveries-phase-1-early-stage-commissioning-in-progress

Contacts:

DRDGOLD�s Investor and Media Relations

James Duncan
james@rasc.co.za
R&A Strategic Communications
+27 (0) 11 880 3924 (office)/ +27 (0) 79 336 4010 (mobile)

Sibanye-Stillwater�s Investor relations

ir@sibanyestillwater.com
James Wellsted
SVP Investor Relations
+27 (0) 83 453 4014

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