Zircon Sales Contracts

Kenmare Resources PLC
31 July 2003



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


               Kenmare signs further sales agreements for zircon

In an announcement on 6 June, Kenmare Resources plc reported that pilot plant
testwork had indicated that more zircon will be produced by the Company's Moma
Titanium Mine in Mozambique than previous smaller scale testwork had indicated.
Kenmare is pleased to announce that forward sales contracts to place this
additional material have been signed.


A multi year sales contract for 6,000 tonnes per annum of Premium Grade zircon
has been signed with one of Kenmare's two existing zircon customers. This
company is one of the world's largest zircon consumers. In addition Kenmare has
signed a contract for the sale of 18,000 tonnes per annum of Special Grade
zircon running for five years from first delivery. The customer is the largest
importer of zircon into the Chinese market.


Michael Carvill, Managing Director of Kenmare, said:


'Following on from our recent announcement of a further major ilmenite sales
contract, Kenmare believes that the Lender Group's proposed marketing
requirement for first disbursement of debt finance has now been completely
satisfied. Furthermore the rapid conclusion of these sales contracts indicates
strong demand for products from the Moma mine.'


Ends : 31 July 2003




For more information :
Kenmare Resources plc                          Tel:     + 353 1 671 0411

Michael Carvill, Managing Director             Mob:      + 353 87 674 0110
Murray Consultants                             Tel:      + 353 1 498 0339

Tom Byrne


Conduit PR Ltd                                 Tel:     [phone]

Leesa Peters

www.kenmareresources.com


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