Kenmare Resources: Moma project well advanced

Mining company Kenmare Resources has said construction of its main asset, the Moma titanium mineral sands project in Mozambique, is 28% complete and ahead of schedule.

Completion is anticipated in late September 2006, six weeks before due date.

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 also well advanced, Kenmare Resources said today.

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