DRDGOLD sells Stellar Energy unit for R147.5m, inks power deal

DRDGOLD Limited has sold its 100% interest in Stellar Energy Solutions Proprietary Limited to NOA Group Assets Proprietary Limited for a total cash consideration of R147.5 million.

Rhea-AI Filing Summary

DRDGOLD Limited has sold its 100% interest in Stellar Energy Solutions Proprietary Limited to NOA Group Assets Proprietary Limited for a total cash consideration of R147.5 million. The deal has reached financial close and will be implemented on 23 December 2025.

The Stellar Project involves a planned 150MWh solar power plant in Polokwane that is described as shovel-ready, with most licences and approvals in place. Separately, DRDGOLD has already commissioned a 60MWh solar plant and a 160MWh battery storage system at its Ergo operations, providing around 12 hours of off-grid power daily and covering about half of Ergo’s power needs, with surplus power credited by Eskom.

Alongside the sale, DRDGOLD has entered into a renewable electricity supply agreement with the NOA Group to procure 76GWh per year of renewable energy starting in January 2028, supporting its Vision 2028 growth strategy and carbon reduction goals. The transaction is described as an uncategorised, voluntary disclosure under JSE rules.

FAQ

What transaction did DRDGOLD (DRD) announce regarding Stellar Energy Solutions?

DRDGOLD, through its subsidiary Ergo Mining Proprietary Limited, has disposed of its 100% interest in Stellar Energy Solutions Proprietary Limited to NOA Group Assets Proprietary Limited for a total cash consideration of R147.5 million.

When will DRDGOLD’s disposal of Stellar Energy Solutions be implemented?

The disposal of Stellar Energy Solutions has reached financial close with all conditions precedent satisfied and will be implemented on 23 December 2025.

What is the Stellar Project described by DRDGOLD (DRD)?

The Stellar Project is a planned 150MWh solar power plant in Polokwane, Limpopo, developed by DRDGOLD in collaboration with the Neethling family. It is described as shovel-ready, with most licences and approvals obtained, including a Budget Quote from Eskom Holdings SOC Limited.

What renewable energy facilities has DRDGOLD already commissioned at its Ergo operations?

During the 2025 financial year, DRDGOLD commissioned a 60MWh solar plant and a 160MWh battery energy storage system at its Ergo operations near Brakpan, Gauteng. This facility provides about 12 hours of off-grid power daily and supplies roughly half of Ergo’s total power requirements, with surplus power fed into the grid and credited by Eskom.

What are the key terms of DRDGOLD’s new renewable energy supply agreement with the NOA Group?

Concurrent with the disposal, DRDGOLD has concluded an electricity supply agreement with the NOA Group to procure 76GWh per annum of renewable energy, with supply scheduled to commence in January 2028, supporting its operational needs and Vision 2028 growth strategy.

Why is DRDGOLD disposing of Stellar Energy Solutions and what is the stated rationale?

DRDGOLD states that the disposal allows it to realise value from the Stellar Project while at the same time securing a long-term renewable energy supply agreement that supports its operational requirements and sustainability objectives, including reducing its carbon footprint.

How is this transaction classified under JSE Listings Requirements for DRDGOLD (DRD)?

The disposal is described as an uncategorised transaction under the JSE Limited Listings Requirements and is not a related party transaction. The announcement is made on a voluntary basis for information purposes only.

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Accepted by SEC EDGAR 12/19/2025 - 11:50 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
______________________

FORM 6-K

REPORT OF A FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

December 19, 2025

Commission File Number 0-28800

______________________

DRDGOLD Limited

Constantia Office Park

Cnr 14th Avenue and Hendrik Potgieter Road

Cycad House, Building 17, Ground Floor

Weltevreden Park 1709

(Address of principal executive offices)

______________________

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form 40-F

Exhibit

99.1    Release dated December 19, 2025 “DISPOSAL OF INTEREST IN A SOLAR ENERGY PRODUCER AND CONCLUSION OF A RENEWABLE ENERGY SUPPLY AGREEMENT”

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DRDGOLD LIMITED

Date: December 19, 2025    By: /s/ Adriaan Davel

        Name: Adriaan Davel

        Title: Chief Financial Officer

Exhibit 99.1

DRDGOLD LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1895/000926/06)

ISIN: ZAE000058723

JSE & A2X share code: DRD

NYSE trading symbol: DRD

(“DRDGOLD” or the “Company”)

DISPOSAL OF INTEREST IN A SOLAR ENERGY PRODUCER AND CONCLUSION OF A RENEWABLE ENERGY SUPPLY AGREEMENT

DISPOSAL OF STELLAR ENERGY SOLUTIONS

Shareholders of DRDGOLD are advised that the Company, through its wholly-owned subsidiary, Ergo Mining Proprietary Limited (“Ergo”), has disposed of its 100% interest in Stellar Energy Solutions Proprietary Limited (“Stellar Energy Solutions”) to NOA Group Assets Proprietary Limited (the “NOA Group”), for a total cash consideration amounting to R147.5 million (“Disposal”).

The Disposal has reached financial close, with all conditions precedent having been satisfied, and will be implemented on 23 December 2025.

The NOA Group is a South African renewable energy independent power producer, aggregator and energy trader with a trading licence from the National Energy Regulator of South Africa.

UPDATE REGARDING THE STELLAR PROJECT

DRDGOLD commenced the development of a 150MWh solar power plant to be located in Polokwane, Limpopo, in collaboration with the Neethling family, in 2023 (“Stellar Project”). The Stellar Project is shovel-ready, with most licences and approvals having been obtained, including the Budget Quote from Eskom Holdings SOC Limited (“Eskom”). The Stellar Project represents DRDGOLD’s second initiative in the solar energy sector.

During the 2025 financial year, the Company successfully commissioned a 60MWh solar plant and accompanying 160MWh battery energy storage system at its Ergo operations near Brakpan, Gauteng. This facility provides approximately 12 hours of off-grid power daily to ERGO, meeting approximately half of ERGO operation’s total power requirements. Surplus power fed into the national grid is credited by Eskom against ERGO’s consumption. In addition to realising cost savings, DRDGOLD is earning credits from Eskom for this supply and will pursue carbon credits in due course.

CONCLUSION OF A RENEWABLE ENERGY SUPPLY AGREEMENT

Concurrent with the Disposal, DRDGOLD has concluded an electricity supply agreement with the NOA Group to procure 76GWh per annum of renewable energy, with supply commencing in January 2028. This agreement advances DRDGOLD’s objective of reducing its carbon footprint and aligns with the anticipated increased production profile under the Company’s Vision 2028 growth strategy.

RATIONALE FOR THE DISPOSAL AND CATEGORISATION

The Disposal enables DRDGOLD to realise value from the Stellar Project while securing a long-term renewable energy supply agreement that supports the Company's operational requirements and sustainability objectives.

The Disposal constitutes an uncategorised transaction in terms of the JSE Limited Listings Requirements and is not a related party transaction. Accordingly, this announcement is made on a voluntary basis and for information purposes only.

Johannesburg

December 19, 2025

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