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Titanium Resources (SRX)

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Monday 19 November, 2007

Titanium Resources

Commissioning of dredge

Titanium Resources Group Ltd
19 November 2007





              Commissioning of second dredge at Sierra Rutile mine





19 November: Titanium Resources Group ('TRG' or 'the Company') today announces
the commissioning of the second dredge ('Dredge D2') at the Company's Sierra
Rutile Mine in Sierra Leone.  Dredge D2, which will double rutile production
capacity to 200,000 tonnes per annum, will be commissioned later today by the
President of the Republic of Sierra Leone, His Excellency, Ernest Bai Koroma.



The dredge is expected to start commercial production in December and the
Company expects to begin shipping the material produced by Dredge D2 in the
first quarter of 2008.



Dredge D2 is a complete unit comprising a bucket ladder dredge and heavy mineral
separation plant mounted on a single pontoon.  Tailings from the combined unit
will be disposed 1000ft - 1500 ft behind the dredge by way of a floating
pipeline and auxiliary pontoon.  Final concentrate from the onboard treatment
plant will be pumped to shore via a 4' concentrate pipe line.  When running at
full capacity the Dredge will have a maximum hourly throughput of 1350 tonnes
per hour, and will be expected to be operational for 7000 hours a year.



Commenting on the announcement, Len Comerford, CEO of TRG, said:



'The successful commissioning of the second dredge at Sierra Rutile marks the
achievement of the initial growth strategy we set out at the time of listing in
2005. A doubling of rutile production will help TRG to further consolidate the
Company's world class position in rutile markets and increase market share to
approximately 23%.  We are now focussed on expanding production capacity at
Sierra Rutile by a further 40,000 tonnes with the development of a third dredge
which we expect to complete in mid 2008.



Importantly the tangible benefits for the people of Sierra Leone will reach
beyond the immediate community near our operations and help to encourage further
economic investment in the country.'



Commenting on the announcement, His Excellency, Ernest Bai Koroma, President of
Sierra Leone, said:



'The continued development and expansion of Sierra Rutile sends a clear signal
to the international community that Sierra Leone is once again an attractive
destination for investment. I would like to take this opportunity to thank TRG
for the commitment they have shown to Sierra Leone as we rebuild and renew our
nation.'



                                      Ends





Enquiries:



Len Comerford / Walter Kansteiner
Titanium Resources Group
Telephone: +44 20 7321 0000



Michael Oke / Andy Mills
Aura Financial
Telephone: +44 20 7321 0000



Nominated Adviser
David Nabarro
Nabarro Wells & Co. Limited
Telephone: +44 20 7710 7400





Notes to editors



Titanium Resources Group



Titanium Resources Group is a mining company with operations in the Republic of
Sierra Leone. The Group is the country's largest private sector employer and
produces three commodities, rutile, ilmenite and bauxite, for use in industrial
applications. The Group's two mines - the Sierra Rutile Mine and the SML Bauxite
Mine together account for over 65 per cent of the exports of Sierra Leone.



The SML operation mines premium grade metallurgical bauxite which is the primary
feedstock used in the production of aluminium.









Sierra Leone



Sierra Leone, officially the Republic of Sierra Leone, is located on the west
coast of Africa. It is bordered by Guinea on the north and Liberia on the south,
with the Atlantic Ocean on the west. The name Sierra Leone was adapted from the
Portuguese name for the country: Serra Leoa, literally 'Lion Mountain Range.'



The country benefits from significant mineral deposits and Titanium Resources
Group is committed to realising the value of these deposits for our shareholders
while contributing to the commercial success of Sierra Leone.



Sierra Leone recently held successful Parliamentary and Presidential elections.
This marks a further landmark in the development of Sierra Leone and we look
forward to working with the Government and other local stakeholders.


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