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ITEM 16B. CODE OF ETHICS

We have adopted a Code of Conductthat applies to all senior executives including our Non-Executive Chairman, the Chief

Executive Officer, Chief Financial Officer, Chief Operating Officer and Directors at our mining operations as well as all other employees. In

the 2025 fiscal year we updated the Code of Conduct. The Code of Conduct can be accessed on the Company’s website at the following web

address: www.drdgold.com/about-us/governance.

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