CAPITAL MANAGEMENT	12 Months Ended
Jun. 30, 2021
Capital management [abstract]
Capital Management	20 CAPITAL MANAGEMENT The primary objective of the Group's capital management policy is to ensure that adequate capital is available to meet the requirements of the Group from time to time, including capital expenditure. The Group considers the appropriate capital management strategy for specific growth projects as and when required. Lease liabilities are not considered to be debt. Liquidity management At June 30, 2021 and June 30, 2020 the Group’s facilities included an undrawn Revolving Credit Facility (“ RCF ”) which was initially secured to finance the development of Phase 1 of FWGR as well as the general working capital requirements of the Group. In December 2018, R 125 million of the RCF was committed to issue a guarantee to Ekurhuleni Local Municipality (refer note 24). In September 2020, the initial R 300 million RCF was amended to a R 200 million RCF and extended for an additional term of 2 years with a final repayment date of September 14, 2022 . The initial and amended RCF permits a consolidated debt ratio (net debt to adjusted EBITDA (refer note 23) of no more than 2:1 and a consolidated interest coverage ratio (net interest to adjusted EBITDA) of no less than 4:1 calculated on a twelve- month rolling basis respectively. Management monitors the covenant ratio levels to ensure compliance with the covenants, as well as maintain sufficient facilities to ensure satisfactory liquidity for the Group. The covenant ratios were not breached as at or during the year ended June 30, 2021 or June 30, 2020. The amendment included the reduction of the initial interest rate margin of 3.25 % to 2.75 %. A pledge and cession of DRDGOLD’s shares in and shareholder claims against Ergo Mining Proprietary Limited and Far West Gold Recoveries Proprietary limited remains in place as security for the RCF.

CAPITAL MANAGEMENT

The

primary

objective

the

Group's

capital

management

policy

ensure

that

adequate

capital

available

meet

the

requirements

the

Group

from

time

time,

including

capital

expenditure.

The

Group

considers

the

appropriate

capital

management strategy for specific growth projects as and when required. Lease liabilities are not considered to be debt.

Liquidity management

At June

30, 2021

and June

30, 2020

the Group’s

facilities included

an undrawn

Revolving Credit

Facility (“

RCF

”) which

was

initially secured

to finance

the development

of Phase

1 of

FWGR as

well as

the general

working capital

requirements of

the

Group. In December 2018, R

125

million of the RCF was committed to issue a guarantee to Ekurhuleni Local Municipality (refer

note 24).

In September 2020, the initial R

300

million RCF was amended to a R

200

million RCF and extended for an additional term of 2

years with a final repayment date of

September 14, 2022

The initial

and amended RCF

permits a consolidated

debt ratio (net

debt to adjusted

EBITDA (refer note

23) of no

more than

2:1

and a

consolidated interest

coverage ratio

(net interest

to adjusted

EBITDA) of

no less

than

4:1

calculated on

a twelve-

month rolling basis respectively.

Management monitors the covenant

ratio levels to ensure compliance

with the covenants, as

well as maintain sufficient facilities to ensure satisfactory liquidity

for the Group. The covenant ratios were

not breached as at or

during the year ended June 30, 2021 or June 30, 2020.

The amendment

included the

reduction of

the initial

interest rate

margin of

3.25

% to

2.75

%. A

pledge and

cession of

DRDGOLD’s

shares in

and shareholder

claims against

Ergo Mining

Proprietary Limited

and Far

West Gold

Recoveries Proprietary

limited

remains

place

security

for

the

RCF.