RESPONSIBLY MEETING

GLOBAL DEMAND FOR

QUALITY-OF-LIFE

MINERALS

2021 AGM Presentation

13 May 2021

Disclaimer

This Presentation (the "Presentation") has been

This Presentation does not constitute or form part

statements in this Presentation relating to future

prepared and issued by Kenmare Resources plc

of, and should not be construed as, an offer,

financials, results, plans and expectations

(the "Company" or "Kenmare"). While this

invitation or inducement to purchase or subscribe

regarding the Company's business, growth and

Presentation has been prepared in good faith, the

for any securities of the Company nor shall it or

profitability, as well as the general economic

Company and its respective officers, employees,

any part of it form the basis of, or be relied upon in

conditions to which the Company is exposed, are

agents and representatives expressly disclaim any

connection with, any contract or investment

forward looking by nature and may be affected by

and all liability for the contents of, or omissions

decision relating to such securities, nor does it

a variety of factors. The Company is under no

from, this Presentation, and for any other written

constitute a recommendation regarding the

obligation to update or keep current the

or oral communication transmitted or made

securities of the Company.

information contained in this Presentation, to

available

to the recipient or

any of its

officers,

This Presentation is as of the date hereof.

This

correct any

inaccuracies which

may

become

employees, agents or representatives.

apparent, or

to publicly announce

the

result of

Presentation

includes certain statements,

any revision to the statements made herein and

No representations

or

warranties are or

will be

estimates and

projections

provided

by

the

any opinions expressed in the Presentation or in

expressed or are to be implied on the part of the

Company with respect to the anticipated future

any related

materials are subject to

change

Company,

or any

of

its

respective

officers,

performance of the Company or the industry in

without notice.

employees, agents or representatives in or from

which it operates. Such statements, estimates and

this Presentation or any other written or oral

projections reflect various assumptions and

communication from the Company, or any of its

subjective judgments by the Company's

respective officers, employees, agents or

management

concerning

anticipated

results,

representatives concerning the Company or any

certain of which assumptions and judgments may

other factors relevant to any transaction involving

be significant in the context of the statements,

the Company or as to the accuracy, completeness

estimates and projections made. These

or fairness of this Presentation, the information or

assumptions and judgments may or may not

opinions on which it is based, or any other written

prove to be correct and there can be no

or oral information made available in connection

assurance that any projected results are

with the Company.

attainable or will be realised.

In particular, certain

Kenmare Resources - 2021 AGM Presentation

2

The world's largest supplier of ilmenite

Primarily used for the production of titanium pigment; a bright white opacifier

Located in Mozambique

  • +30 years experience in country
  • +12 years of operations
  • Meaningful contribution to the local and national economy
  • Moma represented ~5% of Mozambique's exports in 2018

Moma Titanium Minerals Mine

  • Mining ~35-40 million tonnes per annum, mainly by dredge
  • 90% renewable, hydro-electric power source
  • Progressive rehabilitation of mined areas
  • 100+ years life of mine

Key products

  • Titanium feedstocks (ilmenite and rutile)
    • Growing to 7% of global supply
  • Zircon - mainly used in ceramics
  • Monazite - mineral containing REE's

Map of Mozambique, East Africa

Dredge mining

Kenmare Resources - 2021 AGM Presentation

Used in "quality-of-life" items

Paints

Paper

Foods

Plastics and

Glazes and

Fabrics and

rubber

enamels

textiles

3

2020 operations

WCP A morning briefing

COVID-19 Update

Safety and well-being of our employees and our host communities are Kenmare's highest priorities

Prompt response to COVID-19 risks

  • Improved sanitation & robust social distancing on site
  • Initiation of travel mandatory isolation
  • Testing facilities established on site in 2020
  • Blanket testing of the workforce on the site every week

Q1 2021 saw increased cases in Mozambique and at site

  • Limited workforce availability, including senior management
  • Numbers of cases has reduced significantly:
    • 10 March 2021: 177 people in isolation
    • 13 April 2021: 41 people in isolation

COVID-19 outlook

  • Vaccination programme unlikely to be completed in Mozambique in 2021
  • Exploring opportunities to support our employees, local communities and government

Social distancing & abundant sanitation stations

COVID-19 testing on site

Kenmare Resources - 2021 AGM Presentation

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Kenmare Resources plc published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 13:12:01 UTC.