Final Results and Interim Management Statement

Kenmare Resources plc ("Kenmare" or "the Company")

                         Preliminary Results
                 For the year ended 31 December 2007


                        Chairman's Statement

Dear Shareholder,

Since my  last  Chairman's  statement, Kenmare's  wholly  owned  Moma
Titanium  Minerals  Mine  has  become  a  significant  exporter  from
Mozambique. Six customer vessels have been loaded by our transhipment
vessel, the  Bronagh  J, and  departed  for destinations  in  Europe,
America and Asia. Ilmenite contained  in these shipments has  already
been consumed by our customers to make pigment.

This has  been achieved  despite considerable  problems with  certain
equipment supplied under the construction contract, which has had  to
be replaced under warranty. In particular, a set of vibrating screens
that are  an  essential component  of  the Mineral  Separation  Plant
(MSP), started  to show  signs  of deterioration  and the  feed  rate
through the plant had  to be reduced. Pending  supply of new,  larger
and more robust screens under  warranty by the contractor,  temporary
repairs were required for this  equipment and consequently the  plant
throughput was lower than anticipated. The new screens have now  been
installed, allowing the mine to get back onto its ramp-up curve.

A cyclone, the first  in over twenty years  in the area, passed  over
Moma in early  March. Due  to excellent planning  by site  management
there were no casualties or injuries. We were able to get  production
going from the MSP within a couple of days. In the mining pond, there
was some damage to the Wet Concentrator Plant (WCP) and to the rubber
hose connections between the WCP and the mining dredges. As a result,
mining was interrupted  for four weeks  and has now  resumed. In  the
interim, the  MSP  has continued  to  operate with  feed  drawn  from
stockpiled heavy mineral concentrate.

With the installation of the new screens, and various other  remedial
work which has been carried out  under warranty, we believe that  the
Company is well set to  achieve its targeted production rate,  albeit
somewhat later than was originally envisaged. We now expect that  the
ramp-up will continue through 2008,  with full production rate  being
achieved in the last quarter.

The Company has continued  to plan for the  expansion to 1.2  million
tonnes of  ilmenite product  plus associated  co-products per  annum.
This new capacity is targeted to be available by the end of 2009.

The market  for  titanium  feedstocks  is  favourable  and  is  in  a
supply-constrained position. This is  putting strong upward  pressure
on global feedstock prices, particularly for ilmenite, and has pushed
up the price of  imported ilmenite to China  by around 50% since  the
start of 2008. Despite  a 5% reduction in  consumption in the  United
States during 2007,  the global  demand for TiO2  feedstocks grew  by
3.6%, led by strong growth in Europe and Asia, particularly China.  A
similar growth rate is expected in 2008. In addition, the supply side
may be further restricted by energy shortages in South Africa,  where
a large proportion of the world's titanium feedstocks originate.  The
zircon market has seen a slight easing of prices over the last  year,
due  principally  to  artisanal   production  from  Indonesia.   This
production is viewed as coming  from short-term resources which  have
already started to reduce. End use demand for zircon remains  robust.
Hence the market outlook for all our production is very positive  and
the Company stands to benefit from  both price upside as well as  the
expanded production on volumes.

Kenmare is committed to reducing the negative impacts associated with
the Moma Mine  and enhancing  those which are  positive. The  Kenmare
Moma Development Association, a not-for-profit organisation, works to
implement this  objective  through  the execution  of  a  variety  of
capacity building, infrastructural and sociocultural projects.  These
projects  include   a   savings   and   credit   programme,   various
horticultural   projects,   egg   production   initiatives,    school
construction, a  HIV/AIDS awareness  programme and  support to  local
sports development. Funding  for these programmes  continues to  grow
and  Kenmare  is  grateful  to  all  who  have  contributed  to   the
development of  these  projects,  including the  time  and  resources
provided by mine personnel to assist with the school construction and
other initiatives.

The financial results for  2007 show a loss  of US$9.6 million.  This
loss   arises   primarily   from    foreign   exchange   losses    on
Euro-denominated debt and Kenmare's corporate operating costs, net of
interest earned. Costs associated with construction and commissioning
the mine, net of revenues earned during 2007, have been  capitalised.
Assets totalling US$266.9 million were transferred from  Construction
in Progress to Property, Plant and  Equipment during the year on  the
takeover of these assets from the contractor. Senior and subordinated
loans drawn at the  year end amounted  to US$325.8 million,  US$119.3
million of which comprised of Euro-denominated loans.

The last six  months has demonstrated  that the Moma  Mine will  work
well. The mine has demonstrated  its ability to dredge,  concentrate,
separate and export  product whilst maintaining  an excellent  safety
record. While we have experienced  some cost increases caused  mainly
by salary  and fuel  costs,  we are  very  confident that  Moma  will
achieve  its  targeted  production  rates  in  2008  and  attain  its
predicted low cost position in the industry.


Charles Carvill
Chairman


This release incorporates Kenmare's Interim Management Statement
relating to the period from 1 January 2008 to 14 April 2008.


For more information:


Kenmare Resources plc
Tony McCluskey, Financial Director Tel: + 353 1 671 0411
                                   Mob: + 353 87 674 0346

Conduit PR Ltd
Leesa Peters                       Tel: + 44 (0) 207 429 6600
                                   Mob: + 44 (0) 781 215 9885
Murray Consultants Ltd
James Dunny                        Tel: + 353 1 498 0300
                                   Mob: + 353 86 388 3903


                      www.kenmareresources.com


                        KENMARE RESOURCES PLC
                         PRELIMINARY RESULTS
                       GROUP INCOME STATEMENT
                 FOR THE YEAR ENDED 31 DECEMBER 2007




                                         2007           2006
                                      US$'000        US$'000


Revenue                                     -              -


Operating expenses                   (12,557)        (7,255)

Finance income                          2,925          2,925

Loss before tax                       (9,632)        (4,330)

Income tax expense                          -              -

Loss for the year                     (9,632)        (4,330)


Attributable to Equity holders        (9,632)        (4,330)


                               Cent Per Share Cent Per Share
Loss per share: Basic                 (1.40c)        (0.63c)
Loss per share: Diluted              (1.40.c)        (0.63c)







                        KENMARE RESOURCES PLC
                         PRELIMINARY RESULTS
                         GROUP BALANCE SHEET
                       AS AT 31 DECEMBER 2007


                                             2007     2006
                                          US$'000  US$'000

Assets
Non-Current Assets
Deferred Development Expenditure          176,365  140,751
Property, Plant & Equipment               264,513        -
Construction in Progress                   46,082  265,718
                                          486,960  406,469

Current Assets
Inventories                                 5,631        -
Trade and other receivables                 4,842      810
Cash and cash equivalents                  56,203   87,230
                                           66,676   88,040

Total Assets                              553,636  494,509


Equity
Capital and reserves attributable to the
Company's equity holders
Called Up Share Capital                    60,742   55,940
Share Premium                             121,501  108,512
Capital Conversion Reserve Fund               754      754
Retained Earnings                        (31,136) (21,504)
Other Reserves                             41,562   40,347
Total Equity                              193,423  184,049

Liabilities
Non-Current Liabilities
Bank loans                                299,570  266,152
Obligations under finance lease             2,292        -
Mine closure provision                      2,505    2,365
                                          304,367  268,517

Current Liabilities
Bank loans                                 26,273    4,424
Trade and other payables                   29,573   37,519
                                           55,846   41,943

Total Liabilities                         360,213  310,460

Total Equity and Liabilities              553,636  494,509















                        KENMARE RESOURCES PLC
                         PRELIMINARY RESULTS
                      GROUP CASH FLOW STATEMENT
                 FOR THE YEAR ENDED 31 DECEMBER 2007




                                                       2007      2006
                                                    US$'000   US$'000


Operating Activities
Loss for the year                                   (9,632)   (4,330)
Adjustment for:
Foreign exchange movement                             1,680     1,972
Increase in mine closure provision                      140     2,365
Share-based payment expense                               -       473

Operating cash flow                                 (7,812)       480

Increase in inventories                             (5,631)         -
(Increase)/decrease in trade and other receivables  (4,032)       977
(Decrease)/increase in trade payables and other     (7,896)    17,171
payables
Cash generated by operations                       (25,371)    18,628

Interest paid                                      (12,249)   (6,589)

Net cash from operating activities                 (37,620)    12,039

Investing Activities
Addition to Deferred Development Expenditure       (37,896)  (25,679)
Addition to Property, Plant & Equipment            (29,131)  (77,997)

Net cash used in investing activities              (67,027) (103,676)

Financing Activities
Proceeds on the issue of shares                       3,542     3,892
Proceeds on shares to be issued                      14,249         -
Repayment of borrowings                             (4,424)   (1,756)
Increase in borrowings                               59,691   103,183
Increase in obligations under finance lease           2,242         -

Net cash from financing activities                   75,300   105,319

Net (decrease)/increase in cash and cash           (29,347)    13,682
equivalents

Cash and cash equivalents at beginning of the year   87,230    75,520
Effect of exchange rate changes on cash and cash    (1,680)   (1,972)
equivalents

Cash and cash equivalents at the end of the year     56,203    87,230






                        KENMARE RESOURCES PLC
                         PRELIMINARY RESULTS
                GROUP STATEMENT OF CHANGES IN EQUITY
                 FOR THE YEAR ENDED 31 DECEMBER 2007




                    Share   Share    Capital Retained   Other   Total
                  Capital Premium Conversion Earnings Reserve
                                     Reserve
                                        Fund
                  US$'000 US$'000    US$'000  US$'000 US$'000 US$'000

Balance at 1       54,847 105,713        754 (17,174)  35,619 179,759
January 2006

Loss for the year       -       -          -  (4,330)       - (4,330)
Share based             -       -          -        -   4,728   4,728
payment
Issue of share      1,093   2,799          -        -       -   3,892
capital

Balance at 1       55,940 108,512        754 (21,504)  40,347 184,049
January 2007

Loss for the year       -       -          -  (9,632)       - (9,632)
Share based             -       -          -        -   1,215   1,215
payment
Issue of share        798   2,744          -        -       -   3,542
capital
Share capital to    4,004  10,245          -        -       -  14,249
be issued

Balance at 31      60,742 121,501        754 (31,136)  41,562 193,423
December 2007





                  NOTES TO THE PRELIMINARY RESULTS

Note 1.  Basis of Accounting and Preparation of Financial Information

The  preliminary  results  have  been  prepared  in  accordance  with
International Financial Reporting Standards (IFRSs) as adopted by the
European Union. The financial statements  are prepared in US  Dollars
under the historical cost convention.

The  financial  information  presented  above  does  not   constitute
statutory accounts within the meaning of the Companies Acts, 1963  to
2006. A copy of the accounts  in respect of the financial year  ended
31 December 2007 will be annexed  to the Annual Return for 2008.  The
auditors have made a report  without qualification of their audit  of
the financial statements  in respect  of the year  ended 31  December
2007. In forming their opinion  they have considered the adequacy  of
the disclosures  made  in  the financial  statements  concerning  the
recoverability of Deferred Development Expenditure, Property, Plant &
Equipment and Construction in Progress,  the realisation of which  is
dependent on the successful development of economic ore reserves  and
the continued availability of adequate  financing.  Their opinion  is
not qualified in this respect.

The Directors approved  the financial  statements in  respect of  the
financial year ended 31 December 2007 on 11 April 2008. The statutory
accounts for the year ended 31 December 2006 prepared under IFRS upon
which the  auditors have  issued an  unqualified opinion,  have  been
filed with the Registrar of Companies.

Note 2.  Loss per share

The  calculation  of  the  basic  and  diluted  earnings  per   share
attributable to the ordinary equity holders of the parent is based on
the loss after taxation of US$9,632,000 (2006: loss US$4,330,000) and
the weighted  average  number  of  shares in  issue  during  2007  of
689,587,755 (2006: 679,602,594).

The basic loss per share and the diluted loss per share are the same,
as the  effect of  the  outstanding share  options and  warrants  are
anti-dilutive.

Note 3.  Deferred Development Expenditure

    Analysed by Geographical Area


                       Mozambique Ireland   Mozambique     Total
                    Moma Titanium              Uranium
                    Minerals Mine              Project
                          US$'000 US$'000      US$'000   US$'000

Cost
Opening Balance           139,993      48          710   140,751
Additions                 36,324        -          745    37,069
Amounts written off             -       -      (1,455)   (1,455)
Closing Balance           176,317      48            -   176,365




Additions  include   loan  interest   capitalised  of   US$25,091,000
(2006:US$17,971,000) net of deposit interest earned on the  temporary
deposit  of  loan  balances  and  operating  costs  of  US$11,233,000
(2006:US$17,830,000) net of revenue earned of US$2,897,000 (2006:nil)
and net of delay damages of US$15,745,715 (2006:nil).

Following an impairment review,  the uranium exploration  expenditure
of US$1,455,000 was written off.

The recovery of  deferred development expenditure  is dependent  upon
the  successful  development  of  the  Projects,  which  in  turn  is
dependent on the  continued availability of  adequate funding of  the
Projects.

The Directors are  satisfied that deferred  expenditure is worth  not
less than cost less any amounts written off and based on the  planned
mine production levels,  that the  Moma Titanium  Minerals Mine  will
achieve positive cash flows.


Note 4.  Property Plant and Equipment


                       Plant  Buildings    Mobile  Fixtures     Total
                                                          &
                           & & Airstrip Equipment Equipment
                   Equipment
                     US$'000    US$'000   US$'000   US$'000   US$'000

Cost
Opening Balance            -          -         -         -         -
Reclassification
from  Construction   255,175      3,812     5,919     1,949   266,855
in Progress
Additions   during     2,327                  103       586
the year                        -                           3,016
Closing Balance      257,502      3,812     6,022     2,535   269,871

Accumulated
Depreciation
Opening Balance            -          -         -         -         -
Charge   for   the     2,775         74     2,207       302     5,358
year
Closing Balance        2,775         74     2,207       302     5,358

Carrying Amount
Closing Balance      254,727      3,738     3,815     2,233   264,513



A construction contract for  the engineering, procurement,  building,
commissioning  and  transfer  of  facilities  at  the  Moma  Titanium
Minerals Mine in  Mozambique was entered  into on 7  April 2004.  The
Contractor is a joint venture formed for this project by subsidiaries
of Multiplex Limited and Bateman B.V.

The construction contract was amended in December 2006 to provide for
among other things, taking-over the Moma Titanium Minerals Mine works
in sections.  On  25  April  2007,  the  mining  pond,  dredges,  wet
concentrator plant  and related  infrastructure, were  taken over  by
Kenmare and a taking-over certificate  was issued. On 7 August  2007,
the mineral  separation  plant,  product  warehouse,  mineral  export
facilities and all related infrastructure  was taken over by  Kenmare
and a taking-over certificate  was issued. On  29 November 2007,  the
mineral product  transfer barge  was  taken over  by Kenmare,  and  a
taking-over certificate was  issued. At  31 December  2007, the  only
remaining section to be taken over was the roaster.

Substantially all the property, plant and equipment will be mortgaged
to secure banking facilities granted, as detailed in Note 8.

The recovery of Property, Plant  and Equipment is dependent upon  the
successful development of the Moma  Titanium Minerals Mine, which  in
turn is dependent on the  continued availability of adequate  funding
of the Mine.  The Directors  are satisfied that  Property, Plant  and
Equipment is worth not less than the carrying value, and based on the
planned mine production levels that  the Moma Titanium Minerals  Mine
will achieve positive cash flows.

Note 5.  Construction in Progress


                                                2007    2006
                                             US$'000 US$'000

Opening Balance                              265,718 187,721
Additions                                     47,219  77,997
Transferred to Property, Plant & Equipment (266,855)       -
Closing Balance                               46,082 265,718



Construction in Progress represents expenditure under a construction
contract referred to in Note 4.

During the year assets with a value of US$266,855,000 were
transferred from Construction in Progress to Property, Plant and
Equipment.

Substantially all the construction in  progress will be mortgaged  to
secure banking facilities granted as detailed in Note 8.

The recovery  of  Construction  in Progress  is  dependent  upon  the
successful development of the Moma  Titanium Minerals Mine, which  in
turn is dependent on the  continued availability of adequate  funding
of the  Mine.  The  Directors  are  satisfied  that  Construction  in
Progress is worth not less than cost less any amounts written off and
based on the planned  mine production levels  that the Moma  Titanium
Minerals Mine will achieve positive cash flows.


Note 6.  Capital Commitments


                         2007    2006
                      US$'000 US$'000

Construction contract   2,900  67,440


US$2.9 million represents the total amount payable under the contract
for construction services work to the contractor at the year end.

Note 7. Cash and Cash Equivalents

                                             2007    2006
                                          US$'000 US$'000

Immediately available without restriction  26,497  12,809

On Fixed Short-Term Deposit:
Contingency Reserve Account                26,048  30,000
Shareholder Funding Account                    25  25,863
Other Short-Term Deposit                    3,633  18,558
                                           56,203  87,230


In accordance with  IAS 7,  cash and cash  equivalents comprise  cash
balances held for the purposes of meeting short-term cash commitments
and investments which are  readily convertible to  a known amount  of
cash and are  subject to an  insignificant risk of  change in  value.
Where investments are  categorised as cash  equivalents, the  related
balances have a  maturity of three  months or less  from the date  of
investment.

Cash at bank earns interest at floating rates based on daily  deposit
bank rates.  Short-term  deposits are  made  for varying  periods  of
between one day and three months, depending on the cash  requirements
of the Group, and earn interest at the respective short-term  deposit
rates.

The Contingency Reserve  Account and Shareholder  Funding Account  on
fixed short term deposit  are amounts held  in support of  conditions
required for Senior and Subordinated Loans as shown in Note 8.

The amount required by the Senior and Subordinated Loan documentation
to be maintained in the Contingency Reserve Account from time to time
depends on  a  calculation  involving capital  and  operating  costs,
interest and  principal  payments, and reserve account  contributions
required to achieve completion under the Project Loans as referred to
in Note  8. As  at  31 December  2007,  estimates of  the  additional
amounts required to be deposited  to the Contingency Reserve  Account
were within the cash and  cash equivalent resources available to  the
Company. Failure  to  make  a required  deposit  to  the  Contingency
Reserve Account when required would give rise to an Event of  Default
under the Senior and Subordinated Loan documentation, as detailed  in
Note 8.



Note 8. Bank Loans

                                                  2007     2006
                                                  US$'000  US$'000

Senior Loans                                      210,694  183,146
Subordinated Loans                                115,149  87,430
                                                  325,843  270,576


The borrowings are repayable as follows:
Within one year                                   26,273   4,424
In the second year                                28,283   20,136
In the third to fifth years inclusive             101,299  81,225
After five years                                  169,988  164,791
                                                  325,843  270,576
Less: amount due for settlement with 12 months    (26,273) (4,424)
Amount due for settlement after 12 months         299,570  266,152

Analysis of borrowings by currency
Euro                                              119,253  91,271
US Dollars                                        206,590  179,305
                                                  325,843  270,576


The Bank Loans have been made  to the Mozambique branches of  Kenmare
Moma Mining (Mauritius) Limited and
Kenmare Moma Processing (Mauritius) Limited (the Project Companies).
Bank loans are secured by substantially all rights and assets of  the
Company (other than  cash and cash  equivalents listed in  Note 7  as
"Immediately available  without  restriction" of  $26,497,000  at  31
December 2007  (2006, $12,809,000))  and the  Moma Titanium  Minerals
Mine; security agreements over shares in the Project Companies; and a
Contingency Reserve and Shareholder Funding Account as shown in  Note
7.

The Company has guaranteed the Bank Loans during the period prior  to
completion which must be achieved by 30 June 2009.  Completion occurs
upon meeting certain  tests, including installation  of all  required
facilities, meeting certain cost  and production benchmarks,  meeting
legal, environmental, social and permitting requirements, and filling
of  specified  reserve  accounts.  Upon  completion,  the   Company's
guarantee of the Bank Loans will terminate.  Subject to extension for
force majeure not to exceed  365 days, failure to achieve  completion
by 30 June 2009 would result in an event of default under the  Senior
and Subordinated Loan  documentation which,  following notice,  would
give Lenders the right  to accelerate the  loans against the  Project
Companies, and to commence a  two-stage process allowing the  Lenders
to exercise  their  security  interests  in  the  shares  and  assets
(including accounts) of the Project Companies and in the  Contingency
Reserve Account and the Shareholder Funding Account.


Note 9.  2007 Annual Report and Accounts

The Annual Report and Accounts will be posted to shareholders in  due
course.

---END OF MESSAGE---