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ITEM 16B. CODE OF ETHICS

We have adopted a Code of Business Conduct and Ethicsthat 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 Business Conduct and Ethics. The Code of Business Conduct and Ethics

can be accessed on the Company’s website at the following web address: www.drdgold.com/about-us/governance.

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