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    Lisa Stein's questions to DRDGOLD Ltd (DRD) leadership

    Lisa Stein's questions to DRDGOLD Ltd (DRD) leadership • FY 2025

    Question

    Lisa Stein inquired about the potential impact of the draft mining bill on historical tailings, the significant variance between forecasted and actual FY25 capital expenditure, and the specifics of the solar farm's savings, including its depreciation charge and the status of credits from Eskom.

    Answer

    CEO Niel Pretorius addressed the mining bill, noting that while most resources are under mining rights, DRDGOLD has highlighted potential unintended consequences to the department. Regarding CapEx, CFO Designate Henriette Hoyer and outgoing CFO Rian van der Merwe explained the variance was due to optimistic forecasting and strategic project deferrals, confirming that key Vision 2028 timelines remain on track. On the solar farm, Pretorius confirmed progress with Eskom on wheeling credits, while van der Merwe detailed the depreciation schedule (25 years for panels, 20 for batteries) and COO Jakus Kuman noted degradation curves are factored into agreements.

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    Lisa Stein's questions to DRDGOLD Ltd (DRD) leadership • FY 2025

    Question

    Lisa Stein inquired about the potential impact of the draft mining bill on historical tailings, the significant variance between forecast and actual FY2025 CapEx, the financial details of the new solar farm including Eskom credits and depreciation, and the project timeline for reclaiming the Crown complex.

    Answer

    CEO Niel Pretorius addressed the mining bill, stating DRDGOLD is engaging with the government to avoid unintended consequences for infrastructure like deposition sites. CFO Rian van der Merwe and CFO Designate Henriette Hoyer explained the CapEx variance was due to project timing and rain delays, but confirmed Vision 2028 milestones remain on track. Pretorius and van der Merwe also detailed the solar farm's R108M savings, the ongoing process to finalize Eskom wheeling credits, and the asset's depreciation schedule. COO Jakus Kuman confirmed the Crown complex reclamation is slated to begin in approximately four years.

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