Qrtly Results to 31 March 03

Anglo Pacific Group PLC
17 April 2003


17 April 2003


                             ANGLO PACIFIC GROUP PLC

                  REPORT FOR THE QUARTER ENDED 31ST MARCH 2003


1.  Gordon Resources Limited - Coalmine Royalty Entitlements - Queensland


(a)  Kestrel (Rio Tinto)

The royalty received for the quarter to 31st December 2002 was A$1,925,548
compared to A$2,368,895 for the previous quarter.

(b)  Crinum (Broken Hill Proprietary - BHP)

The royalty received for the quarter to 31st December 2002 was A$1,958,000
compared to A$857,118 for the previous quarter. (This latter figure was restated
by BHP from the previously disclosed figure of A$2,437,118 which included
royalties due on Crown land.)


TOTAL ROYALTIES FOR 2002 WERE A$16,240,097. (2001 - A$10,841,342)


2.  Mineral Acquisitions


The Group continues to expand its interests in the coal energy, gold and PGM
sectors in Canada and Australia and has inter alia

• 6.4% of Kirkland Lake Gold Inc. (TSE code KGI)

• 10.6% of Platinum Australia Limited (ASX code PLA)


3.  Final Dividend and Cash Position

The group declared a final dividend of 0.65p net per share payable on 31st July
2003, to shareholders registered as at 11th July 2003. This makes total
dividends of 1.75p net per share from profits made in the six months ended 31st
December 2002. The group currently has £2M of cash in hand.


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


For further information please contact:
Jonathan Rooper              Cardew Chancery           020 7930 0777



ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31ST MARCH 2003

                                              CURRENT QUARTER     YEAR TO DATE
                                                                    (3 Months)

                                                            £m              £m

CASHFLOWS RELATED TO OPERATING ACTIVITIES

Receipts from product sales and related debtors              -               -

Payments for:

Exploration and evaluation                                   -               -

Development                                                  -               -

Production                                                   -               -

Administration                                            (0.1)           (0.1)

Dividends received                                           -               -

Interest and other items of a similar nature received        -               -


Interest and other costs of finance paid                     -               -

Income taxes paid                                         (0.8)           (0.8)
Other - Royalties received                                 0.9             0.9

NET OPERATING CASHFLOWS                                      -               -

CASHFLOWS RELATING TO INVESTING ACTIVITIES

Payment for equity investments                            (0.8)           (0.8)
Payment for purchases of other fixed assets                  -               -

Proceeds from sale of equity investments                     -               -

NET INVESTING CASHFLOWS                                   (0.8)           (0.8)



CASHFLOWS RELATED TO FINANCING ACTIVITIES

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

Repayment of borrowings                                           -          -

Dividends paid                                                 (1.0)      (1.0)

NET FINANCING CASHFLOWS                                        (1.0)      (1.0)

NET INCREASE/(DECREASE) IN CASH HELD                           (1.8)      (1.8)

Cash at beginning of quarter/period                             3.8        3.8

Exchange rate adjustments                                         -          -

CASH AT END OF QUARTER/PERIOD                                   2.0        2.0



ANGLO PACIFIC GROUP PLC
PROFORMA QUARTERLY STATEMENT OF CONSOLIDATED CASHFLOWS
FOR THE QUARTER ENDED 31ST MARCH 2003

                                             Amount Available      Amount 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
                                                        £'000    Quarter £'000

Cash on hand and at bank                                   21               38

Deposits on call                                        1,985            3,704

Bank overdraft                                              -                -

Total cash at end of quarter                            2,006            3,742



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


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