Qurtly Results to 31 Dec 02

Anglo Pacific Group PLC
28 January 2003



28 January 2003


                               ANGLO PACIFIC GROUP PLC
                REPORT FOR THE QUARTER ENDED 31st DECEMBER 2002


1.      Gordon Resources Limited - Coalmine Royalty Entitlements - Queensland

        (a)       Kestrel (Rio Tinto)
        The royalty received for the quarter to 30th September 2002 was A$2,368,895 compared to A$2,522,342 for the
        previous quarter.

        (b)       Crinum (Broken Hill Proprietary)
        The royalty received for the quarter to 30th September 2002 was A$2,437,118 compared to A$2,805,562 for the
        previous quarter.

2.      Mineral Acquisitions

        The Group continues to make strategic acquisitions in the gold and pgm sectors in Canada and Australia
        including,

        •        8% of Platinum Australia Limited (ASX code PLA)
        •        6.2% of Kirkland Lake Gold Inc. (TSEV code KGI)

3.      Interim Dividend

        The group declared a dividend of 1.1p net per share on 22nd November 2002


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



For further information please contact:


Jonathan Rooper                 CardewChancery                    020 7930 0777
Gavin Barry                     CardewChancery                    020 7930 0777




ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31st DECEMBER 2002


                                                                            CURRENT           YEAR TO
                                                                            QUARTER              DATE
                                                                                          (12 Months)

                                                                                 £m                £m

CASHFLOWS RELATED TO OPERATING ACTIVITIES

Receipts from product sales and related debtors                                  -               0.2

Payments for:

Exploration and evaluation                                                       -                 -

Development                                                                      -                 -

Production                                                                       -              (0.2)

Administration                                                                (0.2)             (0.7)

Dividends received                                                               -                 -

Interest and other items of a similar nature received                          0.1               0.1

Interest and other costs of finance paid                                          -                -

Income taxes paid                                                             (0.3)             (1.0)
Other - Royalties received                                                     1.7               5.7

NET OPERATING CASHFLOWS                                                        1.3               4.1

CASHFLOWS RELATING TO INVESTING ACTIVITIES

Payment for equity investments                                                (1.4)             (2.9)

Payment for purchases of other fixed assets                                      -                 -

Proceeds from sale of equity investments                                         -               0.3



NET INVESTING CASHFLOWS                                                       (1.4)             (2.6)


CASHFLOWS RELATED TO FINANCING ACTIVITIES


Proceeds from issue of shares, options etc.                                      0.1             0.1


Proceeds from borrowings                                                           -               -


Repayment of borrowings                                                            -               -


Dividends paid                                                                     -               -


NET FINANCING CASHFLOWS                                                          0.1             0.1

NET INCREASE/(DECREASE) IN CASH HELD                                               -             1.6

Cash at beginning of quarter/period                                              3.8             2.2

Exchange rate adjustments                                                          -               -

CASH AT END OF QUARTER/PERIOD                                                    3.8             3.8






ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31ST DECEMBER 2002



                                                                                      Amount           Amount
                                                                                   Available             Used
                                                                                       £'000            £'000

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


ESTIMATED CASH OUTFLOWS FOR NEXT QUARTER                                                                  £'m

Exploration and evaluation                                                                                Nil

Development                                                                                               Nil


RECONCILIATION OF CASH                                                       Current Quarter Previous Quarter
                                                                                       £'000            £'000


Cash on hand and at bank                                                                 38               26

Deposits on call                                                                      3,704            3,725

Bank overdraft                                                                            -                -

Total cash at end of quarter                                                          3,742            3,751



ISSUED AND QUOTED SECURITIES AT END OF CURRENT QUARTER


Categories of Securities                      Number Issued       Number Quoted

Ordinary Shares                               87.46 million       87.46 million



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



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