DGR Global Outlines Two-Year Copper-Gold Exploration and Buy-Back Plan

Exploration Focus Anchored in Copper-Gold Porphyry Systems

DGR Global (ASX:DGR) is doubling down on early-stage copper and gold exploration over the next two years, concentrating on under-explored regions in Queensland and Ecuador. The company’s strategy leverages its technical expertise honed through its involvement in the Cascabel copper-gold project, which contributed to SolGold plc’s AU$1.7 billion sale in March 2026. DGR’s receipt of approximately AU$65 million from that transaction bolsters its capacity to fund these ambitions.

With the recent addition of Benn Whistler; formerly SolGold’s Technical Services Manager during the Cascabel discovery; DGR is positioning itself to replicate success in porphyry copper-gold systems. The company will prioritise advancing projects within its existing portfolio, including tenements held by subsidiaries Auburn Resources, Barlyne Resources, Pinnacle Gold, Pennant Resources, and Ripple Resources. These projects cover prospective copper-gold and silver-lead-zinc targets, with exploration expenditure commitments around AU$1.8 million over two years.

Asset Rationalisation and Strategic Investments

To sharpen its focus, DGR is actively pursuing the disposal of non-core assets, notably the Shamrock mine site near Gympie, Queensland. This rationalisation aims to strengthen the balance sheet and redirect capital toward higher-potential copper and gold opportunities. Complementing direct exploration, DGR maintains a portfolio of royalty investments, including a recent AU$3 million strategic equity and royalty stake in Savannah Goldfields’ Northern Queensland projects. These royalties provide exposure to cash flow from junior producers without operational funding burdens.

Armour Energy Litigation Could Yield Significant Damages

DGR continues its protracted legal battle related to the liquidation of Armour Energy Limited, where it was the largest shareholder and unsecured creditor. The company alleges misconduct by multiple defendants, including Perpetual Corporate Trust and former receivers, claiming damages for lost convertible notes and share value. Currently, DGR seeks approximately AU$3.6 million but has applied to amend its claim to pursue up to AU$100 million plus interest and costs. The case, scheduled for trial potentially in late 2027, has already seen DGR secure several procedural victories despite strong opposition.

Capital Management and Shareholder Returns

Following the SolGold share sale, DGR has repaid about AU$40 million in debt and holds around AU$61 million in cash after recent investments and legal expenditures. The Board believes the company’s net asset value exceeds its market capitalisation and plans an on-market share buy-back of up to 10% of issued capital. This move aims to efficiently deploy capital and enhance shareholder returns, with buy-backs to be executed opportunistically based on market conditions.

CEO Nick Mather emphasised the company’s commitment to advancing quality copper and gold projects while building value through strategic investments and project development. He highlighted the favourable outlook for copper and gold driven by global demand and market strength, underpinning DGR’s exploration-led growth strategy.