Kenmare Resources Confirms that it has received an approach from Iluka regarding a possible offer by it for the Company's entire issued and to be issued share capital The proposal received was based on a share for share exchange, with no cash component, with Kenmare shareholders receiving 0.036 new Iluka shares for each Kenmare share they own. The board of Kenmare has rejected Iluka's proposal, which it believes does not recognise the value inherent in Moma as a long-life, low-cost asset.