Announcements - 16th May 2005

Higher Capacity Levels Expected from Moma Mine

Kenmare Resources plc is pleased to announce that final flowsheet development of the processing facility for its Moma Titanium Minerals Project in Mozambique has indicated that the mine will have the capacity to produce 701,000 tonnes of ilmenite per annum. The previously reported production volume for ilmenite was 615,000 tonnes. Rutile and zircon production volumes remain substantially unchanged.

Ilmenite is most commonly used to manufacture white pigment, which in turn is used in paint, plastics, fabrics and paper.

The Moma Mine construction programme is on schedule, with production due to commence in the second half of 2006.

For further information:

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

Murray Consultants
Elizabeth Headon
Tel: +353-1-498 0300
Mob: +353 87 989 7234

Conduit PR Ltd
Leesa Peters
+44-207-6188708
Mob: +44 781 215 9885