JUPITER TO LIST ON ASX AND ANNOUNCES TSHIPI YEAR END RESULTS

The Company is also pleased to announce the final results of Tshipi é Ntle Manganese Mining Proprietary Limited (“Tshipi”) for the financial year ended 28 February 2018 (“FY2018”) (subject to completion of financial statements and provision of signed audit report). Jupiter owns a 49.9% stake in Tshipi along with equivalent marketing rights.

The audit for the consolidated Jupiter group including the Jupiter marketing entity is ongoing and results will be announced per the ASX reporting timetable.

Jupiter CEO, Priyank Thapliyal commented that “the Tshipi operating and sales strategy for FY2019 is broadly similar to that of FY2018. The results for FY2018 when manganese prices averaged around US$4.74 1 demonstrate the cash generation potential of Tshipi. With current prices at US$7.23 (1), significantly higher cash flow is being generated. Product has been sold through to April which will result in cash in the bank for Tshipi of approximately ZAR 1.5 billion at end of May. Should the markets hold, this raises the prospect of a substantial HY2019 distribution to Tshipi shareholders, and in turn to Jupiter shareholders under the Company’s dividend policy as stated in the replacement prospectus.” 

Conference Call and Shareholder Engagement Session Ahead of the ASX listing, at 9.30am AEST on Wednesday 18 April 2018 we would like to invite all shareholders and market participants to dial into a brief call as per the details below: 

Australian Dial-in Number: 1800 804 595
International Dial-in Number: +61 3 8687 0650 

This will be followed by a shareholder engagement session at the Radisson Blu Plaza Hotel, 27 O’Connell Street, Sydney, at 2pm AEST. 

Yours faithfully, 

Jupiter Mines Limited 

Priyank Thapliyal 

Chief Executive Officer 

(1) Metal Bulletin US$ per dry metric tonne - 37% FOB Port Elizabeth

 To view the full announcement and results in table click here.