Moma Update

Kenmare Resources PLC
25 July 2005


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

         Good Progress on Kenmare's Moma Titanium Mineral Sands Project

                         Construction Ahead of Schedule


The board of Kenmare is pleased to announce that, as of the end of June,
construction of the Moma Titanium Mineral Sands Project was 28% completed and
ahead of schedule. Completion is currently anticipated in late September 2006,
some six weeks earlier than the contractual programme.

Satisfactory progress is being made across all areas of the project and the
majority of 'big-ticket' items have already been ordered. The 1600m long
airstrip has been completed and is already in use transporting staff between
Moma and Johannesburg. Bulk earthworks are nearly complete and civil works are
progressing well.

The first concrete pour took place in June as foundations were prepared for the
arrival of the ex-Beenup plant from Western Australia. This dismantled plant
departed Bunbury Port in Australia on board two 100m long ocean-going barges,
both of which have already arrived at Moma. The offloading of one barge is 50%
complete and the second barge is waiting off-shore.

Construction of infrastructure, such as the mine village and 170 kms of overhead
power line, is well advanced, and an order will be placed this month with a
shipyard for the construction of the 75m long product transportation barge,
whose design has been recently completed.

The board remains confident that further good progress will be made in the
coming months, both in terms of construction and of the marketing of Moma's
output.

The board of Kenmare is also pleased to announce the signing of another 5 year
marketing contract with a major consumer for anticipated production from its
Moma Project in Mozambique. While full details of this latest contract cannot be
disclosed, the pricing structure is comfortably above levels anticipated in
Kenmare's financing plan.

A full update of progress on the Moma Project will be given at the Company
Annual General Meeting today.


For further information, please contact:

For more information:

Kenmare Resources plc
Michael Carvill, Managing Director
Tel: + 353 1 671 0411
Mob: + 353 87 674 0110

Conduit PR Ltd

Leesa Peters/Pam Spooner
Tel: + 44 (0) 207 618 8708
Mob: + 44 (0) 781 215 9885

Murray Consultants Ltd

Elizabeth Headon
Tel: + 353 1 498 0300
Mob: + 353 87 989 7234
www.kenmareresources.com

25th July 2005



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