Q2 and H1 2026 Production Report

About this update from Kenmare Resources Plc

Kenmare Resources plc ("Kenmare" or the "Company" or the "Group") 16 July 2026 Q2 and H1 2026 Production Report Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading global producers of titanium minerals and zircon, which operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in northern Mozambique, provides the following trading update for the quarter and half year ended 30 June 2026 ("Q2 2026" and "H1 2026"). Statement from Tom Hickey, Managing Director: "Kenmare maintained its strong safety performance in Q2, with no Lost Time Injuries since December 2025 and over 3.5 million hours of safe work. Shipments continued to be in line with the run rate of annual guidance, although production was lower than expected due to ongoing challenges with the commissioning of Wet Concentrator Plant (WCP) A following the upgrade work. Production is anticipated to increase in H2, with continued improvements at WCP A and a stronger performance at WCP B. The ilmenite market continued to be soft in Q2, but the zircon market recovered further, with higher prices achieved for all zircon products. We also saw encouraging demand for our new concentrates product, ZrTi, with full year concentrates guidance materially exceeded in H1. We have continued to engage constructively with the Government of Mozambique regarding Moma's Implementation Agreement during Q2. We were also pleased to secure a $30 million upsize to our $200 million Revolving Credit Facility during the quarter which, along with adjustments to financial covenants, provides important additional financial flexibility during this period of weak market conditions." Q2 2026 overview

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