Corporate History

Kenmare Resources plc is a mining and minerals development company. The company has a dual primary list on the Irish and London Stock Exchanges. Its main asset is the Moma Titanium Minerals Project.

The Moma Project is located on the coast of Mozambique in the province of Nampula, south of the port of Nacala.

Feasibility studies on the Project were completed in February 2001 which provided a detailed assessment of all aspects of the proposed development and confirmed the technical feasibility and commercial viability of the Project.

The detailed market analysis showed a strong market for the minerals produced. This information allowed Kenmare to approach Funding Institutions with the aim to finance the Project and then appoint a contractor to carry out the construction of the mine. Financing of the Project was subsequently put in place and construction of the Project, which began in August 2004, is in the final stages of completion. Section one of the project, which includes the mining pond, dredges, Wet Concentrator Plant and related infrastructure, has been taken over by Kenmare, and a taking-over certificate has been issued to the contractor. Mining and Heavy Mineral Concentrate production started at the Moma Mine on 25 April 2007.

Kenmare also operated the Ancuabe Graphite Mine in Mozambique from 1994 to 1999 and established itself as one of the world's leading producers of high quality natural flake graphite.The mine is currently on care and maintenance and Kenmare is seeking new investors.

Kenmare holds two mineral exploration licences in County Carlow, Ireland, which cover an area with potential tantalum mineralisation.