Question 1

What was Kenmare Resources PLC's net debt at 30 June 2026?

Accepted Answer

Kenmare reported net debt of $175.7 million at 30 June 2026, with cash of $31.0 million, up from $158.8 million at end-2025.

Question 2

How did commissioning shortfalls at Kenmare's Wet Concentrator Plant A affect its output in H1 2026?

Accepted Answer

Commissioning shortfalls at Wet Concentrator Plant A materially reduced Kenmare's concentrate and ilmenite output in H1 2026.

Question 3

Who did Kenmare Resources PLC appoint as a Non-Executive Director on 22 August 2026?

Accepted Answer

Kenmare appointed Mahmood Al Khatri as Non-Executive Director with immediate effect, replacing Issa Al Balushi, and said the appointment required no further disclosure under listing rules.

Question 4

What was Wet Concentrator Plant A’s average dredge throughput versus its design rate?

Accepted Answer

Kenmare said Wet Concentrator Plant A dredges averaged about 2,800 tonnes per hour versus the 3,500 tonnes per hour design rate, as commissioning and upgrade challenges constrained throughput.

Question 5

What capital event did Kenmare Resources plc complete on 16 July 2026?

Accepted Answer

On 16 July 2026 Kenmare Resources plc secured a $30m upsize to its revolving credit facility and agreed covenant adjustments to provide additional financial flexibility during a period of weak market conditions.

Question 6

What did Kenmare say drove H1 2026 ilmenite price weakness?

Accepted Answer

Kenmare said H1 2026 ilmenite price weakness was due to a supply-led China story, including elevated Chinese ilmenite output and rising imports of heavy mineral concentrate (including material from Mozambique) that increase competition.

Timeline

KENMARE RESOURCES

Kenmare replaces shareholder-nominated director

Kenmare Resources pins ilmenite weakness on China oversupply, not demand

Kenmare trims 2026 ilmenite guidance after delays

Kenmare Resources upsizes revolving credit facility to $230 million amid market weakness

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