1st Quarter Results

Anglo Pacific Group PLC
26 April 2001


                           ANGLO PACIFIC GROUP PLC                            
                  REPORT FOR THE QUARTER ENDED 31 MARCH 2001                  
 
 
MAIN OPERATIONS 
 
1 Gordon Resources - Coalmine Royalty Entitlements - Queensland 
 
(a) Kestrel (Rio Tinto) 
The royalty received for the quarter to 31st December 2000 was A$ 536,937
compared to A$ 453,583 for the previous quarter. 
 
As advised, since the company's financial year-end we have received a further
royalty from RTZ of A$ 1,911,919 being an adjustment for the 12-month period
to 30th September 2000. As a result, the company has eliminated all of its
current borrowings. 
 
(b) Crinum (Broken Hill Proprietary). 
The royalty received from the Crinum coalmine, for the quarter to 31st
December 2000 was A$ 1,616,243 compared to A$ 1,226,989 for the previous
quarter. 
 
2. Minerals - Scotland 
 
We continue to seek joint venture partners to work or purchase our marble and
talc assets. 
 
 
For further information please contact: 
 
Jonathan Rooper Cardew & Co. 020 7930 0777 


ANGLO PACIFIC GROUP PLC 
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS 
FOR THE QUARTER ENDED 31 MARCH 2001 

                                                                              
                                                                              
                                            CURRENT QUARTER     YEAR TO DATE  
                                                                  (3 Months)  
                                                         £m               £m  
                                                                              
  CASHFLOWS RELATED TO OPERATING                                              
  ACTIVITIES                                                                  
                                                                              
  Receipts from product sales and related                                     
  debtors                                               0.1              0.1  
                                                                              
  Payments for:                                                               
                                                                              
  Exploration and evaluation                              -                -  
                                                                              
  Development                                             -                -  
                                                                              
  Production                                              -                -  
                                                                              
  Administration                                      (0.4)            (0.4)  
                                                                              
  Dividends received                                      -                -  
                                                                              
  Interest and other items of a similar                                       
  nature received                                         -                -  
                                                                              
  Interest and other costs of finance paid                -                -  
                                                                              
  Income taxes paid                                   (0.2)            (0.2)  
                                                                              
  Other - Royalties received                            1.5              1.5  
                                                                              
  NET OPERATING CASHFLOWS                               1.0              1.0  
                                                                              
  CASHFLOWS RELATING TO INVESTING ACTIVITIES                                  
                                                                              
  Payment for equity investments                          -                -  
                                                                              
  Payment for purchases of other fixed assets             -                -  
                                                                              
  Proceeds from sale of equity investments              0.1              0.1  
                                                                              
  NET INVESTING CASHFLOWS                               0.1              0.1  
                                                                              
                                                                              
  CASHFLOWS RELATED TO FINANCING                                              
  ACTIVITIES                                                                  
                                                                              
  Cash proceeds share issue                               -                -  
                                                                              
  Proceeds from borrowings                                -                -  
                                                                              
  Repayment of borrowings                             (0.8)            (0.8)  
                                                                              
  Dividends paid                                          -                -  
                                                                              
                                                                              
  NET FINANCING CASHFLOWS                             (0.8)            (0.8)  
                                                                              
  NET INCREASE/(DECREASE) IN CASH HELD                  0.3              0.3  
                                                                              
  Cash at beginning of quarter/year                     0.2              0.2  
                                                                              
  Exchange rate adjustments                               -                -  
                                                                              
  CASH AT END OF QUARTER/PERIOD                         0.5              0.5  
 
 
ANGLO PACIFIC GROUP PLC 
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS 
FOR THE QUARTER ENDED 31 MARCH 2001 
                                                                              
                                                                              
                                                       Amount         Amount  
                                                    Available           Used  
                                                        £'000          £'000  
                                                                              
  FINANCING FACILITIES AVAILABLE
                                                                              
  Barclays Bank PLC - overdraft facility                   50            Nil  
                                                                              
  Barclays Bank PLC - Loan facility                       Nil            Nil  
                                                                              
  ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER                               £'m  
                                                                              
  Exploration and evaluation                                             Nil  
                                                                              
  Development                                                            Nil  
                                                                              
  RECONCILIATION OF CASH                              Current       Previous  
                                                      Quarter        Quarter  
                                                        £'000          £'000  
                                                                              
  Cash on hand and at bank                                 28              2  
                                                                              
  Deposits on call                                        450            188  
                                                                              
  Bank overdraft                                            -              -  
                                                                              
  Total cash at end of quarter                            478            190  
                                                                              
  Bank Loan at end of quarter                             Nil          (850)  
 
 
 
ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER 
                                                                              
                                                                              
  Categories of          Number        Number          Par           Paid-up  
  Securities             Issued        Quoted        Value             Value  
                                                                              
  Ordinary Shares         86.96         86.96          10p               10p  
                        million       million                                 
                                                                              
                                                                              
                                   Number         Exercise       Expiry Date  
                                                     Price                    
                                                                              
  Options                          4,000,000           18p          11/12/04  
                                     100,000           18p           4/02/09  
                                     332,000           18p           3/06/09  
                                   1,300,000         23.5P          13/10/06  
                                     400,000           25p          24/02/07  
                                      33,000           25p           8/03/10