Announcements - 11th December 2003

Kenmare Completes Plant Dismantling

Kenmare Resources plc announced today that it has completed the dismantling at Beenup in Western Australia of its Mineral Separation Plant purchased from BHP for use at the Moma Titanium Minerals Project. The process of transporting the plant to the port of Bunbury for onward transport to Mozambique is well under way and is expected to be completed by December 15. The plant is a key component of project implementation at Kenmare's Moma Project. The dismantling contract was successfully implemented by Ryad Engineering under Kenmare supervision.

Separately, Kenmare is at an advanced stage in its negotiations with a main contractor for the full development contract on the Moma Project. These negotiations are progressing well and Kenmare expects to be able to sign the contract early in the first quarter of 2004. The process of securing project financing is also proceeding and it is intended that the Lender institutions will seek remaining approvals shortly after the finalisation of the fixed price development contract.

For further information:

Michael Carvill
Managing Director
+353-1-671 0411
+353-87-674 0110

Murray Consultants
Tom Byrne
+353-1-498 0339

Conduit PR Ltd
Leesa Peters
+44-207-9369095