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Titanium Resources (SRX)

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Monday 20 February, 2006

Titanium Resources

Operational Update

Titanium Resources Group Ltd
20 February 2006

  Titanium Resources Group ('TRG' or 'the Group') Announces First Shipment of
                         Bauxite from SML Bauxite Mine

20 February, 2006: TRG announces that the first shipment of bauxite from its
wholly owned Sierra Mineral Holdings mine in Sierra Leone has been completed.
The shipment of 38,500 tonnes was shipped from the Company's Nitti port in
Southern Sierra Leone. The shipment follows refurbishment of the mining
operations at the site.

The Group has long-term sales agreements in place with Alcoa World Alumina LLC
and Glencore AG to sell the mine's total estimated annual production of 1.2
million tonnes per annum.

Commenting on the announcement, Walter Kansteiner, non-executive Chairman of
TRG, said:

'Our first bauxite shipment marks another milestone on TRG's road to becoming a
significant provider of raw material to some of the world's largest industrial
consumers. The next major step will be the first shipment of high-grade rutile
from TRG's D1 dredge, which is now operating. We want to recognise and thank his
Excellency President Ahmad Tejan Kabbah and his Government for their continued
support and efforts which have enabled the mine to again produce material for
global markets.'


For further information


Walter Kansteiner, Non-executive Chairman

Tel: +44 (0) 207 321 0000

Aura Financial

Michael Oke

Andy Mills

Tel: +44 (0) 207 321 0000

This press release has been issued by TRG and is the sole responsibility of the
company. This press release does not contain or constitute an offer or
invitation to purchase or subscribe for any securities of TRG and should not be
relied on in connection with any decision to purchase or subscribe for any such

The securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933 and may not be offered or sold in the United
States absent registration under the Securities Act or an available exemption
from it.

Notes to Editors

Titanium Resources Group

Titanium Resources is the holding company of a group of companies that are
engaged in the mining, marketing and exploration of mineral resources. The Group
owns two mining operations in the Republic of Sierra Leone - the Sierra Rutile
Project and the SML Bauxite Project.

The Sierra Rutile Project employs conventional dredging and processing methods
to produce mineral sands in the southwest of Sierra Leone, where its production
previously represented approximately 30 per cent of the world's annual supply of
natural rutile. Natural rutile is a high titanium-bearing feedstock employed in
the manufacture of titanium dioxide (TiO2) pigments that are used in paint,
plastics, paper and pharmaceuticals and the production of titanium metal and
welding rods. In close proximity to the Sierra Rutile mine is the SML Bauxite
Project. Bauxite from the SML bauxite mine is premium grade metallurgical
bauxite which is the primary feedstock used in the production of aluminium. Both
projects employ proven mining and processing techniques and rutile and bauxite
from this region are recognised for their high quality.

The bauxite operations

The SML mining lease covers approximately 580 square kilometres in the southwest
of Sierra Leone, 150 km southeast of the capital Freetown. SML is situated on a
high-grade ore body and employs proven, conventional mining and processing

In January 2005, SML was granted mining lease ML1/05 for a period of ten years
with the option to renew for a further ten years. Independent analysis of SML's
existing bauxite reserves at Gbonge, Gondama, Jenega, Konta and Wunde are
estimated at 12.4 million tonnes which should support production for
approximately ten years at normal operating levels. It is envisaged that further
exploration work will be undertaken to discover additional resources in the
Gbonge Hills and the Gondama sector which lie within the mining lease area.

The bauxite from Gondama/Gbonge is highly-prized gibbsitic bauxite which may be
used as feed for low temperature and high temperature digestion as well as feed
for sweetening digestion. This versatility creates significant marketing

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