Q2 2018 and Half Year 2018 Trading Update

London England (FSCwire) - Anglo Pacific Group PLC ("Anglo Pacific", the "Company" or the "Group") (LSE: APF, TSX: APY), the London and Toronto listed royalty company, issues the following trading update for the period 1 April to 25 July 2018. Unless otherwise stated, all unaudited financial information is for the quarter or half year ended 30 June 2018.

This update is ahead of the release of the half year results on 23 August 2018.

Highlights

• ~65% quarter on quarter and ~30% year on year increase in royalty income for Q2 2018 in the range of £11.0m - £11.5m (Q1 2018: £6.7m, Q2 2017: £8.6m)

• ~10% year on year increase in royalty income for the six months ended 30 June 2018, to £17.5m - £18.0m (H1 2017: £16.1m)

• Cash received from Denison/McLean Lake of £1.5m - £1.7m in addition to the above royalty income for the six months ended 30 June 2018 (H1 2017: £1.5m)

• ~15% increase in total contribution¹ from royalty portfolio for the six months ended 30 June 2018 to £20.5m - £21.0m (H1 2017: £17.6m)

• ~165% increase in royalties from the Maracás Menchen vanadium mine, to a record £2.0m - £2.5m for H1 2018 (H1 2017: £0.8m) and already in advance of that received for 2017 as a whole

• Strong performance from Kestrel, with H1 2018 royalty income in the range of £14.0m - £14.5m, up ~15% on the same period in 2017 driven mainly by higher coal prices

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/7922V_1-2018-7-25.pdf

For further information:

To view the original release, please click here

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