Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Africa Down Under 2025
29 slides from Jupiter Mines's conference presentation, Sep 3, 2025
Slide 1: Company Update
For personal use only Company Update Africa Down Under | Perth 3 September 2025
Slide 2: Disclaimer
Disclaimer This presentation is provided for information of factors and uncertainties that could cause actual purposes only. The information in this presentation is results to differ materially from those described in the For personal use only in a summary form, does not propose to be complete forwa
Slide 3: Company Overview
For personal use only Company Overview Africa Down Under | September 2025 3
Slide 4: Largest pure play listed manganese miner with 49.9% of Tshipi
Jupiter is the largest pure play listed manganese miner in the world, with 49.9% ownership of Tshipi, a Tier 1 manganese mine Board of Directors For personal use only Share Price Market Cap A$0.235 A$460m Scott Winter Sally Langer Ian Murray NED NED Chairman ex Perenti Northern Star, ex Gold Road MD
Slide 5: Tshipi is one of the largest and longest life manganese mines
Tshipi is established as one of the largest producing and longest life manganese mines in the world… For personal use only Ore Sales #4 largest Mn ore 3.6mtpa mine in the world 100+ year mine Producing life remaining at since 2012 current rates Debt Cash in Hand A$0m A$129m1 Sources: CRU Notes: (1)
Slide 6: Located in the Kalahari Manganese Field
…located in the Kalahari Manganese Field, which holds 73% of the world’s manganese (in an area less than the distance between Perth and Rockingham) For personal use only Khwara Mn 48 Wessels Nchwaning Gloria Kudumane Kalagadi Sebilo Mokala United Mn of Kalahari (UMK) Mamatwan Tshipi Africa Down Unde
Slide 7: Tshipi track record of leading operating outcomes
Tshipi has a longstanding track record of delivering leading operating outcomes, demonstrated once again in the 30 June 2025 year just completed… Tshipi Sales and Production (Mt, financial years) For personal use only 1 2 …leading ESG performance….. 4.0 Sales Production 3.5 LTIFR (Tshipi, columns),
Slide 8: Outstanding record of investor returns
...enabling Jupiter’s outstanding record of investor returns $0.250 Current Share Price, $0.235 JMS Share Price (Current) and DPS (A$) For personal use only Cumulative Dividends per Share, $0.220 $0.200 $0.150 $0.100 $0.050 92% of current share price $0.000 declared in dividends over past FY19 FY20
Slide 9: Strategy to sustainably grow: consolidation, productivity, EV battery market
Jupiter has a strategy to sustainably grow, focused on consolidation, ongoing operating productivity and (potentially) supplying the EV battery market For personal use only FIVE YEAR STRATEGY FY2023 – FY2028 FITTEST IN THE FIELD INDUSTRY LEADER SUSTAINABLY UPCYCLE (Efficiency) (Growth) EMPOWERED (EV
Slide 10: Fittest in the Field: Business Efficiency
For personal use only Fittest in the Field Business Efficiency Africa Down Under | September 2025 10
Slide 11: Fittest in the Field: Improve Logistics (Land)
Fittest in the Field: Improve Logistics Progress update - Land Logistics For personal use only • Successful discussions with Transnet to release rail slots 3 months in advance, resulting in optimised freight costs. • Tshipi continuing early optimisation of unused rail volumes from smaller, higher co
Slide 12: Fittest in the Field: Improve Logistics (Port)
Fittest in the Field: Improve Logistics Progress Update - Port Logistics For personal use only • East London: Tshipi collaboration with Transnet to export through East London, becoming the first manganese producer to export through all eight southern African commercial seaports. • Lüderitz: Tradepor
Slide 13: Industry Leader: Growth
For personal use only Industry Leader Growth Africa Down Under | September 2025 13
Slide 14: Industry Leader: Optimise production
Industry Leader: Optimise production For personal use only Tshipi Flow Sheet Capacity 3.6mtpa Utilisation 3.4mtpa Mining Capacity 3.9mtpa Capacity 4.5mtpa Capacity 5mtpa ROM Ore Utilisation 3.4mtpa Utilisation 3.4mtpa Utilisation 1.9mtpa Primary Secondary Loadout Crushing & Crushing & Stockpiles Rai
Slide 15: Targeted M&A: Exxaro announcement and consolidation pathway
Targeted M&A: Recent Exxaro announcement provides a pathway to pursue mutually valuable consolidation, consistent with Jupiter’s strategy For personal use only Current Joint Control Structure Proposed Joint Control Structure Ntsimbintle Jupiter Mines OM Holdings* Jupiter Mines Exxaro Holdings* 49.9%
Slide 16: Sustainably Empowered: ESG
For personal use only Sustainably Empowered ESG Africa Down Under | September 2025 16
Slide 17: ESG Reporting Framework
Sustainably Empowered: ESG Reporting Framework For personal use only ESG Reporting Framework complete ESG priorities defined, and initiatives Sustainability Reporting established are being progressed Jupiter’s inaugural Sustainability Report was Jupiter’s ESG framework was released to the released t
Slide 18: Better Vision for Local Students
Sustainably Empowered: Better Vision for Local Students For personal use only • In the Northern Cape, eye health challenges are compounded by limited access to eye care services and insufficient availability of affordable corrective lenses. • Tshipi launched an Optometric Testing Program for student
Slide 19: Eliminating Period Poverty
Sustainably Empowered: Eliminating Period Poverty For personal use only • Tshipi funded the launch of a Blossom sanitary pad factory in Kuruman, Northern Cape. • Supporting five local women to setup the franchise ‘Blossom Care’, including procurement of equipment, stock and a delivery vehicle. • The
Slide 20: Upcycle: EV Batteries
For personal use only Upcycle EV Batteries Africa Down Under | September 2025 20
Slide 21: EV Battery Strategy: Why is Jupiter Interested?
EV Battery Strategy: Why is Jupiter Interested? For personal use only 1 Market Entry Opportunity 2 + Competitive Advantage 3 + Attractive Value Upside Battery Metals Market Balance (2023, 2030) Jupiter’s Ore Feedstock Advantage HPMSM Feedstock Typical HPMSM Project Jupiter’s HPMSM Project Production
Slide 22: EV Demand Growth
EV Battery Strategy: What’s Going on with EV Demand Growth? Incredible growth in the world’s EV stock is expected, and 1 For personal use only 2 …yet growth in sales of new EVs has slowed recently. needed… Projected increase in global EV stock to meet carbon emission targets Year-on-year change in p
Slide 23: Manganese set to play a key role in EV batteries
EV Battery Strategy: Manganese is set to play a key role in solving key EV challenges, which will see a trend towards greater Mn use in EV batteries Manganese helps lower the cost and improve the …which is why, looking forward, battery chemistries will 1 2 For personal use only performance of EV bat
Slide 24: EV Battery Strategy: Progress to Date
EV Battery Strategy: Progress to Date Progress Update - EV Battery Market Entry Strategy For personal use only EV Battery Scoping Study – Complete Released in 2024, the outcome demonstrated a strong business case for the continued study to produce High-Purity Manganese Sulphate Monohydrate (HPMSM).
Slide 25: EV Battery Strategy: Technical Assessment and Optimisation
EV Battery Strategy: Technical Assessment and Optimisation For personal use only A Pilot Plant was established in 2024 as part of a thorough technical assessment and optimisation of the proposed HPMSM flow-sheet from the initial scoping study. Pilot Plant Overview • Replicates commercial operations:
Slide 26: EV Battery Strategy: Project Timeline
EV Battery Strategy: Project Timeline HPMSM Project Timeline For personal use only Next Step: PFS Completion Pre-Feasibility Study (PFS) (In Progress) Construction Focus Areas for the PFS are: Technical: pilot plant development and operation, to optimise HPMSM flow sheet - Complete • Commercial: d
Slide 27: Summary
For personal use only Summary Africa Down Under | September 2025 27
Slide 28: Summary: An established and compelling value proposition
Summary: An established and compelling value proposition For personal use only Reliable Operations Continuing Dividends FY25 continues a history of strong and reliable operating outcomes from In 7 years, Jupiter has distributed dividends equal to 92% of its Tshipi and disciplined cost management fro
Slide 29: Contact
For personal use only For more information, please contact: Investor Relations @ Jupiter investorrelations@jupitermines.com Africa Down Under | September 2025 29