Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Investor Presentation (February 2019)
14 slides from Jupiter Mines's investor presentation, Feb 19, 2019
Slide 1: Investor Presentation
Investor Presentation 19 February 2019
Slide 2: Disclaimer
Disclaimer IMPORTANT: Please read the following before continuing. This Presentation has been prepared by Jupiter Mines Limited ACN 105 991 740 (Jupiter or the Company) solely for information purposes. This Presentation has not been approved by any regulatory or supervisory authority. This Presentat
Slide 3: Introduction
Introduction Jupiter share price vs volume since listing Top 20 Shareholders Shareholding (%) # of shares (m) 0.45 300 Stichting Pensioenfonds ABP 12.90% 253 Millions Shares on issue: 1,959 million 0.40 Current share price: A$0.31 250 Pallinghurst Consolidated (Cayman) Ltd1 7.44% 146 Market capitali
Slide 4: Manganese Market – Steel
Manganese Market – Steel ◼ Manganese is a critical and irreplaceable element in carbon steel production; increases both the strength and flexibility of steel ― Every tonne of steel requires 10-15kg of manganese alloy ― It cannot be substituted ◼ Global crude steel production increased from 1.73 bill
Slide 5: Manganese Market – EV Batteries
Manganese Market – EV Batteries ◼ Clean energy applications and use in batteries for electric vehicles are seen as a significant driver for future manganese consumption ◼ Manganese could potentially replace the traditional cobalt and nickel as the cathode in a lithium-ion battery ― Manganese is chea
Slide 6: Manganese – Supply / Demand Dynamics
Manganese – Supply / Demand Dynamics Supply ◼ Chinese manganese ore (substantially lower grade) supply has fallen significantly since 2016 due to environmental restrictions as well as depletion ◼ Some of the major mines will be depleted in the medium term ◼ South Africa’s manganese ore supply is con
Slide 7: Manganese Ore Index
Manganese Ore Index 37% Mn, FOB Port Elizabeth US$ per dmtu of contained metal FY18 average manganese price = US$4.69 / dmtu Current spot manganese price 9 (37% FOB PE) is US$5.54 / dmtu FY19 YTD average manganese price = US$6.00 / dmtu (15 Feb 2019) 8 7 6 Feasibility study 5 price range $4.00- 2019
Slide 8: Tshipi at a Glance
Tshipi at a Glance Location Overview ◼ Jupiter Mines Limited (“Jupiter”) owns a 49.9% beneficial interest in the world class Tshipi Borwa Manganese Mine (“Tshipi”) located in the manganese rich Kalahari Manganese Field ◼ Jupiter has rights to market 49.9% of Tshipi production ◼ Tshipi is the largest
Slide 9: One of The Largest and Lowest Cost Manganese Exporters Globally
One of The Largest and Lowest Cost Manganese Exporters Globally Sea-borne Production by Mine (2018 estimate) (Million tonnes) 7 6 5 4 3 2 1 0 Gemco Nsuta Moanda Tshipi Nchwaning UMK Mamatwan Kudumane PGOK Azul 2019 YTD (South32) (Ningxia Tianyuan) (Eramet) (Jupiter/Ntsimbintle) (Assmang) (UMK) (Sout
Slide 10: Abundant Resources
Abundant Resources ◼ c.460 million tonnes located in the well- Resource Base Evolution established Kalahari Manganese Field ◼ Shallow open-cast mine with a homogenous ore body allowing for simple drill-and-blast and load-and-haul mining ◼ Track record of resource growth and resource to reserve conve
Slide 11: World Class Infrastructure
World Class Infrastructure ◼ 5mtpa rapid loadout station - one of the fastest in the Kalahari region ◼ 8km private rail siding loop ◼ A 5-year MECA contract with Transnet with allocated tonnage of 2.1 mtpa, expiry 2023 ◼ Primary and secondary crushing capacity of 3.6mtpa ◼ Flexible mining and proces
Slide 12: Recognised and Established Product
Recognised and Established Product Manganese ore production by country 2017 - metric tonne units ◼ Approximately 14 million mtu of seaborne ore in 2017 7 ◼ 6.7 million mtu from South Africa (approx. 50%) Millions 6 5 - Tshipi has approx. 9% of seaborne market 4 3 ◼ Biggest single mine exporter from
Slide 13: End Result
End Result ◼ Exceptional operating and financial performance at Tshipi 100% TSHIPI (Note: Jupiter 49.9%) FY18 LTM November 2018 ¹ Manganese ore sales Million tonnes 3.34 3.55 Revenue ² USDm ³ 561 756 EBITDA USDm ³ 237 399 Net Profit / (Loss) After Tax USDm ³ 145 257 37% manganese price US$/dmtu 4.69
Slide 14: The Investment Proposition
The Investment Proposition Key Investment Statistics & Performance Ratios ¹ ◼ Crude steel and evolving battery material exposure on the Metric Jupiter ASX Current share price A$ $0.31 ◼ Long life, low cost, large scale, debt free mine and company Options on Issue # Nil Shares on Issue # 1,959 ◼ Stro
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