Jupiter Mines Limited · ASX:JMS

Jupiter Mines — Shareholder Meeting (July 2018)

20 slides from Jupiter Mines's shareholder meeting presentation, Jul 10, 2018

  1. Slide 1: Annual General Meeting Tuesday 10 July 2018

    For personal use only ANNUAL GENERAL MEETING TUESDAY 10 JULY 2018

  2. Slide 2: Agenda

    AGENDA For personal use only 1. Presentation: Tshipi Performance 2. Consideration of reports 3. Questions and comments 4. Resolutions: explanation, questions and voting 2

  3. Slide 3: Key Tshipi Highlights

    KEY TSHIPI HIGHLIGHTS For personal use only 1 Tshipi is one of the largest and lowest cost manganese exporters globally  Open-pit, shallow mine with an integrated processing plant allowing Tshipi to deliver strong cash margins “throughout the cycle”;  For FY2018 Tshipi produced and sold 3.64mt and

  4. Slide 4: Key Tshipi Highlights: Abundant and Shallow Resource

    KEY TSHIPI HIGHLIGHTS For personal use only 2 Abundant and Shallow Resource  Large 460 million tonne, resource base as of 31 December 2017 located in the well-established Kalahari Manganese Field;  Track record of resource growth and resource to reserve conversion; Flexible infrastructure allows r

  5. Slide 5: Key Tshipi Highlights: Exceptional operating and financial performance

    KEY TSHIPI HIGHLIGHTS For personal use only 5 Exceptional operating and financial performance  The table sets out Tshipi’s results from 2015 to May 2018: UOM 2015 2016 2017 2018 Q1 2019 Total sales million tonnes 2.11 1.54 2.27 3.34 0.92 Revenue ZAR million 2,701 1,613 3,777 7,334 2,319 EBITDA ZAR

  6. Slide 6: Manganese Price Evolution

    KEY TSHIPI HIGHLIGHTS For personal use only Manganese Price Evolution (USD/dmtu) 9.00 8.00 7.00 6.00 5.00 4.00 3.00 Tshipi 2.00 FY2019 Cost of 1.00 Production - Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Source: Metal Bulletin Manganese Ore 37% FOB Port Elizabeth  Jupiter’s marketing b

  7. Slide 7: Strategy to enhance cash flow through optimisation initiatives

    KEY TSHIPI HIGHLIGHTS For personal use only 6 Strategy to enhance cash flow through optimisation initiatives  In-pit backfilling: zero capital costs, estimated to fully commence in 2029;  Plant optimisation: construction of conveyor belt to reduce double handling costs - Capital cost of ZAR85m, wi

  8. Slide 8: Tshipi & Jupiter Deliver Results as Promised

    TSHIPI & JUPITER DELIVER RESULTS AS PROMISED For personal use only JUPITER HAS PROMISED… JUPITER HAS DELIVERED… Subject to no adverse development, JMS expects ~ZAR748 million dividend from Tshipi for HY2019 to Healthy distribution to shareholders distribute to JMS shareholders. To date JMS has retur

  9. Slide 9: Consideration of Reports

    CONSIDERATION OF REPORTS For personal use only  2018 Directors’ Report  2018 Remuneration Report  2018 Financial Report  Independent Audit Report – Grant Thornton 9

  10. Slide 10: Questions and Comments

    QUESTIONS AND COMMENTS For personal use only  Only shareholders of Jupiter Mines Limited can speak at this time  Voting shareholder – Green  Non voting shareholder – Blue  Visitor – Red 10

  11. Slide 11: Adoption of Remuneration Report

    RESOLUTION 1: ADOPTION OF REMUNERATION REPORT For personal use only “That for the purposes of section 250R(2) of the Corporations Act and for all other purposes, the Remuneration Report contained in the Directors’ Report for the financial year ended 28 February 2018 be adopted by the Company.” FOR 7

  12. Slide 12: Re-election of Mr Paul Murray

    RESOLUTION 2: RE-ELECTION OF MR PAUL MURRAY For personal use only “That for the purposes of Listing Rule 14.4, Rule 39 of the Constitution and for all other purposes, Mr Paul Murray, being a Director of the Company who retires in accordance with Rule 39.1 of the Constitution and, being eligible, off

  13. Slide 13: Re-election of Mr Andrew Bell

    RESOLUTION 3: RE-ELECTION OF MR ANDREW BELL For personal use only “That for the purposes of Listing Rule 14.4, Rule 39 of the Constitution and for all other purposes, Mr Andrew Bell, being a Director of the Company who retires in accordance with Rule 39.1 of the Constitution and, being eligible, off

  14. Slide 14: Issue of IPO Bonus Shares to a Director

    RESOLUTION 4: ISSUE OF IPO BONUS SHARES TO A DIRECTOR – MR PRIYANK THAPLIYAL For personal use only “That for the purposes of Listing Rule 10.11 and for all other purposes, Shareholders approve the issue of 10,650,530 Shares to Mr Priyank Thapliyal (or his nominee) in satisfaction of his IPO Bonus on

  15. Slide 15: Approval of Termination Entitlements of a Director

    RESOLUTION 5: APPROVAL OF TERMINATION ENTITLEMENTS OF A DIRECTOR – MR PRIYANK THAPLIYAL For personal use only “That for the purposes of section 200E of the Corporations Act, Listing Rule 10.19 and for all other purposes, Shareholders approve the Termination Entitlements described in the Explanatory

  16. Slide 16: Approval to Increase Non-Executive Directors' Fees

    RESOLUTION 6: APPROVAL TO INCREASE NON-EXECUTIVE DIRECTORS’ FEES For personal use only “That for the purposes of Listing Rule 10.17, Rule 40.4 of the Constitution and for all other purposes, the maximum aggregate fixed sum available to be paid to non-executive Directors of the Company be increased b

  17. Slide 17: Approval of Allowance for Chairman

    RESOLUTION 7: APPROVAL OF ALLOWANCE FOR MR BRIAN GILBERTSON AS CHAIRMAN For personal use only “That for the purposes of Rule 40.6 of the Constitution and for all other purposes, Mr Brian Gilbertson be paid a salary or allowance of up to $70,000 per annum in addition to his fees a non-executive Direc

  18. Slide 18: Adoption of New Constitution

    RESOLUTION 8: ADOPTION OF NEW CONSTITUTION For personal use only As a special resolution: “That for the purposes of section 136(2) of the Corporations Act and for all other purposes, the Company repeal its current Constitution and in its place adopt the New Constitution in the form tabled at the Mee

  19. Slide 19: Approval of Proportional Takeover Provisions

    RESOLUTION 9: APPROVAL OF PROPORTIONAL TAKEOVER PROVISIONS IN NEW CONSTITUTION For personal use only As a special resolution: “That, subject to the approval of Resolution 8, with effect from the close of the Meeting, Schedule 5 of the proposed New Constitution, which sets out proposed proportional t

  20. Slide 20: Jupiter Mines Limited

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