EXHIBIT 4.85
  CESSION AGREEMENT
    THE INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA LIMITED
   DRDGOLD LIMITED
  BUSINESS VENTURES INVESTMENT NO. 750 (PTY) LTD
  BUSINESS VENTURES INVESTMENT NO. 751 (PTY) LTD


2
 WHEREBY IT IS AGREED AS FOLLOWS:
 
 1.
 DEFINITIONS AND INTERPRETATION
 1.1.
 Definitions
    1.1.1.
 “Agreement”
  
 1.1.2.
 “Business”
   1.1.3.
 “Business Day”
   1.1.4.
 “the Claims”
    
 1.1.5.
 “Closing”
   1.1.6.
 “the Closing Date”
 1.1.7.
 “Companies Act”
 1.1.8.
 “the Companies”
   1.1.9.
 “CGR”


3
 1.1.10.
 “the Debentures”
  1.1.11.
 “ERPM”
  1.1.12.
 “The Guarantees”
    1.1.13.
 “The Inter-creditor Agreements”
   1.1.14.
 “The Funding Agreements”
   1.1.14.1.
    1.1.14.2.
   1.1.14.3.
   1.1.14.4.
  1.1.15.
 “the Indemnities”
   1.1.16.
 “The Loan(s)”
  1.1.17.
 “Parties”


4
 1.1.18.
 “the Pledge”
    1.1.19.
 “the Purchaser”
  1.1.20.
 “Sale Assets”
 1.1.20.1.
  1.1.20.2.
   1.1.20.3.
  1.1.20.4.
  1.1.21.
 “Seller”
  1.1.22.
 “the KBH Loan”
   1.1.23.
 “R” or “Rand””
 1.2.
 Interpretation
    1.2.1.
  1.2.2.
  1.2.3.


a reference to a statute, regulation, proclamation, ordinance or by-law includes all
 statutes, regulations, proclamations, ordinances or by-laws amending, consolidating or
 replacing it, and a reference to a statute includes all regulations, proclamations,
 ordinances and by-laws issued under that statute;
  a reference to a document includes all amendments or supplements to, or replacements
 or novations of that document;
  any reference in this Agreement to "date of signature hereof" shall be read as meaning a
 reference to the date of the last signature to this Agreement;
  any reference to an enactment is to that enactment as at the date of signature hereof and
 as amended or re-enacted from time to time;
  if any provision in clause 1.1 is a substantive provision conferring rights or imposing
 obligations on any Party, notwithstanding that it is only in such clause, effect shall be
 given to it as if it were a substantive provision in the body of this Agreement;
  when any number of days is prescribed in this Agreement, same shall be reckoned
 exclusively of the first and inclusively of the last day unless the last day falls on a day
 which is not a Business Day, in which case the last day shall be the next succeeding day
 which is a Business Day;
  where figures are referred to in numerals and in words, if there is any conflict between
 the two, the words shall prevail;
  expressions defined in this Agreement shall bear the same meanings in any Schedules
 or Annexures to this Agreement which do not themselves contain their own conflicting
 definitions;
  the expiration or termination of this Agreement shall not affect such of the provisions
 of this Agreement as expressly provide that they will operate after any such expiration
 or termination or which of necessity must continue to have effect after such expiration
 or termination, notwithstanding that the clauses themselves do not expressly provide
 for this;
  the rule of construction that a contract shall be interpreted against the party responsible
 for the drafting or preparation of the contract, shall not apply;


6
 1.2.14.
 eiusdem generis
   1.2.15.
    2.
 BACKGROUND AND RECORDAL
                      3.
 SALE


7
    4.
 PURCHASE PRICE
 4.1.
   4,451,219
  4,451,219
    th
  4.2.
   5.
 CLOSING AND IMPLEMENTATION
 5.1.
     5.2.
    and
 5.3.
   5.3.1.
    5.3.2.


8
 5.3.3.
   5.4.
     5.5.
   6.
 WARRANTIES AND REPRESENTATIONS BY THE SELLER
 6.1.
    6.2.
  Purchaser Annexure A
  Annexure A
  7.
 WARRANTIES AND REPRESENTATIONS BY THE PURCHASER
 7.1.
   7.2.
  7.2.1.
   7.2.2.
   7.2.3.


9
   7.2.4.
   8.
 CONFIDENTIALITY
 8.1.
   8.1.1.
   8.1.2.
    8.1.3.
   8.1.4.
     8.1.5.
    8.2.
    8.3.
  8.3.1.


10
 8.3.2.
    8.3.3.
    8.3.4.
   8.4.
 PERMITTED DISCLOSURES
  8.4.1.
      8.4.2.
  8.4.3.
   8.4.4.
      8.5.
 PUBLIC ANNOUNCEMENTS
    9.
 ARBITRATION


Save in respect of those provisions of the Agreement which provide for their own
 remedies which would be incompatible with arbitration, a dispute which arises in
 regard to -
  the interpretation of;  or
  the carrying into effect of;  or
  any of the Parties' rights and obligations arising from;  or
  the termination or purported termination of or arising from the
 termination of;  or
  the rectification or proposed rectification of this Agreement, or out of or
 pursuant to this Agreement or on any matter which in terms of this
 Agreement requires agreement by the Parties, (other than where an
 interdict is sought or urgent relief may be obtained from a court of
 competent jurisdiction), shall be submitted to and decided by arbitration.
  That arbitration shall be held -
  with only the Parties and their representatives other than legal
 representatives, present thereat;
  at Sandton, Johannesburg.
  It is the intention that the arbitration shall, where possible, be held and concluded in
 20 (twenty) working days after it has been demanded.  The Parties shall use their
 best endeavours to procure the expeditious completion of the arbitration.
  Save as expressly provided in this Agreement to the contrary, the arbitration shall be
 subject to the arbitration legislation for the time being in force in South Africa.
  The arbitrator shall be, if the matter in dispute is principally -
  a legal matter, an impartial practising advocate of not less than 15
 (fifteen) years' standing, or an impartial admitted attorney of not less than
 15 (fifteen) years' standing;


an accounting matter, an impartial practising chartered accountant of not
 less than 15 (fifteen) years' standing;
  any other matter, an independent person agreed upon between the
 Parties.
  If the Parties fail to agree on an arbitrator within 14 (fourteen) days after the
 arbitration has been demanded, the arbitrator shall be nominated, at the request of
 any one of the Parties by the President for the time being of the Law Society of the
 Northern Provinces (or its successor body in Gauteng).  If that person fails or refuses
 to make the nomination, either party may approach the High Court of South Africa
 to make such an appointment.  To the extent necessary, the court is expressly
 empowered to do so.
  If the Parties fail to agree whether the dispute is of a legal, accounting or other
 nature within 14 (fourteen) days after the arbitration has been demanded, it shall be
 considered a matter referred to in clause 9.5.1.
  The arbitrator shall have the fullest and freest discretion with regard to the
 proceedings save that he shall be obliged to give his award in writing fully
 supported by reasons.  His award shall be final and binding on the Parties to the
 dispute.
  Furthermore the arbitrator -
  may by notice to the Parties within 5 (five) days after his appointment,
 dispense wholly or in part with formal submissions or pleadings
 provided that the Parties are given the opportunity to make submissions;
  shall determine the applicable procedure and shall not be bound by strict
 rules of evidence;
  shall allow any Party to the arbitration to call any witnesses he
 determines and shall permit cross examination of witnesses;
  shall be entitled to take equity into account and shall not be bound to
 decide the dispute according to the legal rights of the Parties;


may, in addition to any other award he may be able to make -
  cancel this Agreement or determine that a Party has
 lawfully cancelled or is entitled lawfully to cancel this
 Agreement or require specific performance, with an award
 of damages but may not award cancellation of this
 Agreement or determine that the Agreement was lawfully
 cancelled or that a Party is lawfully entitled to cancel the
 Agreement unless the breach complained of is found by
 him to be a material one going to the root of the contract
 which cannot be compensated for by an award of damages
 or recoupment under any indemnity given in terms of this
 Agreement;
  award interest with effect from any date, and on any other
 basis, he considers appropriate in the circumstances;
  unless this Agreement otherwise requires, sever any
 contract constituted by this Agreement between the Parties
 hereto from any other contract so constituted and may
 cancel one without thereby cancelling all or any of the
 others;
  shall make such order as to costs as he deems just.
  Any Party shall be entitled to have the award made an order of court of competent
 jurisdiction.
  Any dispute shall be deemed to have been referred or subjected to arbitration
 hereunder when any Party gives written notice to the others of the dispute, demands
 an arbitration and requests agreement on an arbitrator.
  The provisions of this clause are severable from the rest of this Agreement and shall
 remain in effect even if this Agreement is terminated for any reason.
  The Parties shall keep the evidence in the arbitration proceedings and any order
 made by any arbitrator confidential unless otherwise contemplated herein.


14
 9.14.
   9.15.
       10.
 AGREEMENT, NO AMENDMENT
 10.1.
   10.2.
              10.3.


15
 10.4.
    11.
 DOMICILIUM CITANDI ET EXECUTANDI
 11.1.
    11.1.1.
      niel.pretorius@za.drdgold.com
   11.1.2.
         11.1.3.
       themba.gwebu@za.drdgold.com
     11.2.


Any Party may by notice to any other Party change the physical address chosen as
 its domicilium citandi et executandi vis-à-vis that party to another physical address
 where postal delivery occurs in Gauteng or its postal address or its telefax number or
 e-mail address, provided that the change shall become effective vis-à-vis that
 addressee on the 7th (seventh) Business Day from the receipt of the notice by the
 addressee.
  Any notice to a Party -
  sent by prepaid registered post (by airmail if appropriate) in a correctly
 addressed envelope to it at an address chosen as its domicilium citandi et
 executandi to which post is delivered shall be deemed to have been
 received on the fifth Business Day after posting (unless the contrary is
 proved);
  delivered by hand to a responsible person during ordinary business
 hours at the physical address chosen as its domicilium citandi et
 executandi shall be deemed to have been received on the day of delivery;
 or
  sent by telefax to its chosen telefax number stipulated in clause 11.1 shall
 be deemed to have been received on the date of despatch (unless the
 contrary is proved); or
  sent by e-mail to its chosen e-mail address stipulated in this clause, shall
 be deemed to have been received on the date of despatch (unless the
 contrary is proved).
  Notwithstanding anything to the contrary herein contained a written
 notice or communication actually received by a Party shall be an
 adequate written notice or communication to it notwithstanding that it
 was not sent to or delivered at its chosen domicilium citandi et
 executandi.


17
 12.
 NO CESSION OR ASSIGNMENT
 12.1.
    12.2.
    12.3.
     13.
 COSTS
 13.1.
   13.2.


DATE
 PLACE
 WITNESS
 SIGNATURE
 13/07/2005
 
 /
     
 
 
 2.
 
 
 
 
 
 
 
 
 
 
 
 
 1.
 For: The Companies
 
 
 
 
 
 
 2.
 
 
 
 
 
 
 
 
 1.
 For:
 CGR
 
 
 
 
 
 
 2.
 
 
 
 
 
 
 
 
 1.
 For:
 KBH
 
 
 
 
 
 
 2.


i
 ANNEXURE A – WARRANTIES
 
 1.
   1.1.
  1.2.
    1.3.
   1.4.
  1.5.
   1.6.
    1.7.