Moma Update

Kenmare Resources PLC 06 June 2003 Kenmare Resources plc ('Kenmare' or 'the Company') Kenmare Announces Increase in Expected Zircon Production At the AGM today, Kenmare announced a doubling of the expected zircon output from its Moma Titanium Minerals Project. A six month test work programme, performed by Roche Mining (M.T.), aimed at optimising the zircon circuit, has demonstrated an improved recovery. Volumes of Premium grade zircon are expected to increase from 24,000 tonnes per annum (tpa) to approximately 34,000 tpa. In addition, a further 15,000 tpa of Special Grade zircon will be produced. Customers have already indicated strong interest in entering offtake arrangements covering this additional zircon. Charles Carvill said 'We are very pleased to have achieved this improvement in the expected zircon output. There is a strong demand for zircon and we expect to enter offtake contracts shortly'. For more information: Kenmare Resources plc Michael Carvill, Managing Director Tel: + 353 1 671 0411 Mob: + 353 87 674 0110 Binns & Co PR Ltd Paul McManus Tel: + 44 20 7786 9600 Mob: + 44 7980 541 893 Judith Parry Tel: + 44 113 242 1171 Murray Consultants Tom Byrne Tel: + 353 1 498 0339 www.kenmareresources.com 6 June, 2003 This information is provided by RNS The company news service from the London Stock Exchange
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