ATH Ath Resources

RNS Number:9563C
ATH Resources plc
15 September 2004


Press Release                                                  15 September 2004

                             ATH Resources plc

                Secures #7.5million contract with Drax Power Ltd

Aardvark TMC Ltd, a wholly owned subsidiary of ATH Resources plc, one of the
UK's largest coal producers, has entered into a new contract with Drax Power
Ltd, the owner of the UK's largest coal fired power station, to supply 250,000
tonnes of coal from its Skares Road site in Ayrshire.

The contract value is worth approximately #7.5 million and will run from
September 2005 to December 2006.  It will facilitate the operation of an
additional coaling area at the Skares Road site, thereby extending the life of
the mine by a further sixteen months to the end of 2006.

ATH Resources has supplied the Drax Power station with over 2.5Mt of coal
without interruption since 1999.   At current output levels Drax supplies
approximately 8% of the UK's electricity needs and indigenous coal plays an
important role in the security of the nation's electricity supply.

Commenting on the contract, Tom Allchurch, Chief Executive of ATH Resources
said:  "We are delighted to be awarded this important contract which enables us
to maximise the potential at the Skares Road site and continue our successful,
long term relationship with Drax.   This agreement also highlights the ongoing
important role that coal plays and will continue to play as a source for UK
electricity."


                                    - Ends -

For further information:
ATH Resources
Tom Allchurch, Chief Executive                         Tel: +44 (0) 1302 760 462
tom@ath.co.uk                                                      www.ath.co.uk

Media enquiries:
Abchurch
Justin Heath                                           Tel: +44 (0) 113 390 6389
Justin.heath@abchurch-group.com                           www.abchurch-group.com
Henry Harrison-Topham                                  Tel: +44 (0) 20 7398 7702
henry.ht@abchurch-group.com

Notes to Editors:

ATH Resources is an AIM-listed operator of opencast coal mines in the UK with
its current two operational mines, Skares Road and Garleffan, located near New
Cumnock, East Ayrshire in Scotland.  The Company is currently the third largest
producer of coal in the UK producing approximately 1.6 million tonnes per annum.
Coal was used to generate 34.7 per cent of the UK's electricity in 2003 and
the Company holds coal supply contracts with four of the UK's main electricity
generating companies.

The management team has been in place since 1998. It acquired the rights to
operate (and subsequently acquire) the Skares Road mine with support from The
Alchemy Plan and Bank of Scotland.   Following ATH Resource's incorporation in
October 2003, and backed by a follow on investment from The Alchemy Plan, the
Company acquired the Garleffan mine in November 2003.

In addition to the Skares Road and Garleffan mines, the Company also has a
number of other coal mining projects in Scotland and two through its French
subsidiary, SRMMC including a series of six existing coal concessions in
south-central France, covering an area of 4,500 hectares with an estimated
resource of approximately 4.5 million tonnes of recoverable coal.  In addition,
it also has 287 hectares of land with a coal resource of approximately 3.2
million tonnes in Central France.

ATH Resources listed on the AIM market of the London Stock Exchange in June 2004
under the symbol ATH.L


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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