Quarterly Results

Anglo Pacific Group PLC
28 October 2003



    28th October 2003

                            ANGLO PACIFIC GROUP PLC

                REPORT FOR THE QUARTER ENDED 30th SEPTEMBER 2003


        1.     Gordon Resources Limited - Coalmine Royalty Entitlements -
        Queensland

        (a)     Kestrel (Rio Tinto)

        The royalty received for the quarter to 30th June 2003 was A$354,104
        compared to A$994,604 for the previous quarter.

        (b)     Crinum (Broken Hill Proprietary - BHP)

        The royalty received for the quarter to 30th June 2003 was A$578,206
        compared to A$3,040,585 for the previous quarter.

        During the June quarter output from both mines has been mainly from the
        Queensland Government's area of the coal deposit and not from the
        Group's privately owned area. This resulted in lower royalty receipts as
        reflected in the Interim Accounts. However, the value of the Group's
        royalty interests increased by £10.1 million to £38.8 million at 30th
        June 2003 compared to £28.7 million at 31st December 2002.

        2.     Mining Projects

        The Group continues to increase its exposure to the coal, coal energy,
        gold, diamonds and PGM sectors in North America and Australia.



    For further information see our website: - www.anglopacificgroup.com



    For further information please contact:

    Brian M Wides, Finance Director

    Jeffrey D Gold F.C.A., Company Secretary               020 8458 5141



ANGLO PACIFIC GROUP PLC

PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS

FOR THE QUARTER ENDED 30TH SEPTEMBER 2003
                                                                                                   YEAR TO DATE
                                                                              CURRENT QUARTER        (9 Months)

                                                                                           £m                £m
CASHFLOWS RELATED TO OPERATING ACTIVITIES

Receipts from product sales and related debtors                                             -                 -
Payments for:
Exploration and evaluation                                                                  -                 -
Development                                                                                 -                 -
Production                                                                                  -                 -
Administration                                                                          (0.4)             (0.7)
Dividends received                                                                          -                 -
Interest and other items of a similar nature received                                       -                 -
Interest and other costs of finance paid                                                    -                 -
Income taxes paid                                                                       (0.4)             (1.6)
Other - Royalties received                                                                0.4               2.8
NET OPERATING CASHFLOWS                                                                 (0.4)               0.5
CASHFLOWS RELATING TO INVESTING ACTIVITIES
Payment for equity investments                                                          (1.0)             (2.3)
Payment for purchases of other fixed assets                                                 -                 -
Proceeds from sale of equity investments                                                  0.7               1.2
NET INVESTING CASHFLOWS                                                                 (0.3)             (1.1)
CASHFLOWS RELATED TO FINANCING ACTIVITIES


Proceeds from issue of shares, options etc.                                                 -                 -
Proceeds from borrowings                                                                    -                 -
Repayment of borrowings                                                                     -                 -

Dividends paid                                                                          (0.6)             (1.6)
NET FINANCING CASHFLOWS                                                                 (0.6)             (1.6)
NET INCREASE/(DECREASE) IN CASH HELD                                                    (1.3)             (2.2)
Cash at beginning of quarter/period                                                       2.9               3.8
Exchange rate adjustments                                                                   -                 -
CASH AT END OF QUARTER/PERIOD                                                             1.6               1.6

ANGLO PACIFIC GROUP PLC

PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS

FOR THE QUARTER ENDED 30TH SEPTEMBER 2003
                                                                                                      

                                                                              Amount Available         Amount Used      
                                                                                         £'000               £'000

FINANCING FACILITIES AVAILABLE
Barclays Bank PLC - overdraft facility                                                     Nil                 Nil
Barclays Bank PLC - Loan facility                                                          Nil                 Nil

ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER

                                                                                                               £'m
Exploration and evaluation                                                                                     Nil
Development                                                                                                    Nil

                                                                               Current Quarter    Previous Quarter
                                                                                         £'000               £'000
RECONCILIATION OF CASH
Cash on hand and at bank                                                                    34                  23
Deposits on call                                                                         1,602               2,922
Bank overdraft                                                                               -                   -
Total cash at end of quarter                                                             1,636               2,945


ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER

                                              Number Issued        Number Quoted
Categories of Securities
Ordinary Shares                               87.46 million        87.46 million



                                                                                     Exercise Price         Expiry Date

                                                                          Number
Options                                                                1,500,000                18p            10/12/04
                                                                         900,000              23.5p            13/10/06




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