Interim Management Statement

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

18 November 2009

Interim Management Statement

Kenmare Resources plc, issues the following Interim Management
Statement for the period 1 July 2009 to 18 November 2009, in
accordance with reporting requirements of the EU Transparency
Directive.

Production performance at the Company's Moma Titanium Minerals Mine
in Mozambique has continued to improve quarter on quarter.
Significant progress has been made in both the mine and the mineral
separation plant. The mining operation produces heavy mineral
concentrate which is separated in the mineral separation plant to
produce final products ilmenite, zircon and rutile. Third quarter
production of heavy mineral concentrate from the mine was 230,000
tonnes, up 30% compared with quarter two. The mine is currently
operating at full design production levels with 97,000 tonnes of
heavy mineral concentrate produced in October.

The mineral separation plant is now capable of operating at the
target feed rate of 135tph and plant optimisation work is underway to
further improve recovery rates.  Ilmenite production in the third
quarter was 130,000 tonnes, up 23% compared to the second quarter.
October production at 51,000 tonnes continues this improvement.
Zircon production for the third quarter remained static at 6,000
tonnes, mainly as a result of delayed delivery of additional
equipment and disruption associated with the implementation of
circuit changes. These changes to both the zircon and rutile circuits
have recently been commissioned and are now being optimised. It is
anticipated that ilmenite output will be close to full capacity by
the end of the year and zircon output will be at 80% of target,
reaching full capacity in the first quarter of 2010 following the
completion of plant optimisation work.

Shipping volumes for the third quarter were 131,000 tonnes, a 38%
increase in tonnages shipped in quarter two. The marine operation has
been further strengthened with Kenmare's purchase of a second
transhipment barge and tug combination which will increase load out
capacity at Moma as well as reducing operational risk. Arrangements
are being made to transport these vessels to Moma next year.

Titanium feedstock demand, which declined in the first two quarters
of 2009 due to a combination of weak demand and inventory
de-stocking, showed signs of recovery in the third quarter as the
major pigment producers reported expectations of more favourable
market conditions for the remainder of 2009. The industry forecast
for 2010 is for a further rebound in pigment demand.

As the pigment sector accounts for around 92% of titanium feedstock
demand, the expected recovery in pigment demand will have a positive
effect on TiO2 feedstock consumption during this period with
significant re-stocking expected over the coming months as pigment
producers continue to ramp-up production.

In October, Kenmare's development association, KMAD, was awarded a
prestigious Nedbank Capital Green Mining Award for its activities
aimed at social and economic enhancement of the communities
surrounding the Moma Mine. This followed the presentation to Kenmare
in September of the President's Award for the best International CSR
Programme from the Chambers of Commerce of Ireland, in association
with the Irish Government Department of Community Affairs.  KMAD
works alongside the community, business, Non-Governmental
Organisations and Government to run and support projects in
education, income generation, health, savings & credit, sports and
food security.

The Directors are pleased to announce that each of the resolutions
proposed at the Extraordinary General Meeting of the Company held
today were passed.  The resolutions provided for the increase in
authorised share capital, renewal of directors' authority to allot
and issue shares and to authorise the calling of an Extraordinary
General Meeting on 14 days notice. The increase in authorised share
capital was necessary to provide headroom for the exercise of
outstanding warrants. The full text of each resolution was set out in
the Notice of Extraordinary General Meeting that Kenmare circulated
to the Shareholders on 26 October, 2009.


For more information:

Kenmare Resources plc
Michael Carvill, Managing Director
Tel: [phone]
Mob: + 353 87 674 0110

Murray Consultants
Jim Milton/Joe Heron
Tel: [phone]
Mob: + 353 86 255 8400

Conduit PR Ltd
Leesa Peters/Charlie Geller
Tel: [phone]
Mob: [phone]

www.kenmareresources.com

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