Moma Mine Update

Kenmare Resources PLC
18 October 2004

               Kenmare Resources plc ('Kenmare' or 'the Company')


                        KENMARE LAUNCHS CONSTRUCTION OF

                          MOMA TITANIUM MINERALS MINE




In Moma, Mozambique today Kenmare and the Government of Mozambique held a ground
breaking ceremony to mark the commencement of on-site construction for the
US$450 million dollar Moma Titanium Minerals Mine.


The construction phase of the mine will last two years after which the facility
will produce more than 650,000 tonnes of Titanium Minerals annually. Sales
contracts for more than 50% of the planned output have already been signed.


Charles Carvill, Chairman of Kenmare, said 'The world market for titanium
minerals is strengthening solidly. Our task is to get the mine into production
as rapidly as possible. We are very pleased with progress so far and this
ceremony, to mark the start of the site construction, is another important step
forward'.

For further information:

Kenmare Resources plc

Deirdre Corcoran

Financial Controller
Tel: [phone] or [phone]

Murray Consultants
Elizabeth Headon
Tel: [phone] or [phone]

Conduit PR Ltd
Leesa Peters
Tel: + 44 207 936 9095 Mob: + 44 (0) 781 215 9885

www.kenmareresources.com




18 October, 2004


                      This information is provided by RNS
            The company news service from the London Stock Exchange