Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Africa Down Under 2026
31 slides from Jupiter Mines's conference presentation, Sep 2, 2026
Slide 1: Company Update
Company Update Africa Down Under | Perth 2 SEPTEMBER 2026
Slide 2: Disclaimer
Disclaimer This presentation is provided for information purposes only. The information in this presentation is in a summary form, does not propose to be complete and is not intended to be relied upon as advice to investors or other persons. The information contained in this presentation was prepare
Slide 3: Company Overview
Company Overview Jupiter Mines | Africa Down Under 2026 3
Slide 4: Company Overview
Company Overview Jupiter is the largest pure play listed manganese Share Price Debt Market Cap miner in the world, with A$0.26 A$0m A$520m 49.9% ownership of Tshipi, a Tier 1 manganese mine. NPAT Cash in Hand Net Assets A$37.6m A$74m1 A$578m Dividends in Last Eight Years Total of 23cps / A$450m in d
Slide 5: Company Overview: Board and Ownership
Company Overview Board of Directors Mine Level Ownership 49.9% 50.1% Ian Murray Scott Winter Sally Langer Chairman NED NED ex Gold Road MD ex Perenti Surface CEO Northern Star, Sandfire & Others Top Jupiter Shareholders Brad Rogers Kiho Han MD NED ex Bis Industries MD MD, POSCO Australia Jupiter Min
Slide 6: Tshipi is one of the largest, longest life manganese mines
Company Overview Tshipi is established as one of the largest producing and longest life manganese mines in the world… Ore Sales #4 largest Mn ore 3.5mtpa mine in the world 100+ year mine Producing life remaining at since 2012 current rates Debt Cash in Hand A$0m A$129m1 Sources: CRU Jupiter Mines |
Slide 7: Tshipi in the Kalahari Manganese Field
Company Overview Khwara …located in the Kalahari Manganese Field, which Mn 48 Wessels holds 73% of the world’s manganese (in an area Nchwaning less than the distance between Perth and Rottnest.) Gloria Kudumane Kalagadi Sebilo Mokala United Mn of Kalahari (UMK) Mamatwan Jupiter Mines | Africa Down U
Slide 8: Tshipi track record of leading operating outcomes
Tshipi has a longstanding track record of delivering leading operating outcomes, demonstrated once again in FY26. Tshipi Sales and Production (Mt, financial years) 1 4.0 Sales Production Strong & reliable 3.5 3.5 3.0 production and sales… FY26 performance beat Tshipi’s 2.0 six-year average of 3.4Mtp
Slide 9: Tshipi competitive costs and financial outcomes
Tshipi has a longstanding track record of delivering leading operating outcomes, demonstrated once again in FY26. 3 …and competitive costs….. Mn Price and Costs (37%, FOB, US$/dmtu) (financial years) $6.00 FOB Costs FOB Price $5.72 $4.18 $4.01 $3.30 $3.54 $3.25 $3.26 $3.55 $4.00 $2.27 $2.14 $2.05 $2
Slide 10: Strategy to sustainably grow
Jupiter has a strategy to sustainably grow, focused on consolidation, ongoing operating productivity and (potentially) supplying the EV battery market. FIVE-YEAR STRATEGY FY2023 – FY2028 FITTEST IN THE FIELD INDUSTRY LEADER SUSTAINABLY UPCYCLE (Efficiency) (Growth) EMPOWERED (ESG) (EV Batteries) Lau
Slide 11: Fittest in the Field
Fittest in the Field Business Efficiency Jupiter Mines | Africa Down Under 2026 11
Slide 12: Fittest in the Field: Improve Logistics - Land
Fittest in the Field: Improve Logistics Progress Update - Land Logistics • Continued working with road haulage providers to optimise services when rail volumes are exceeded. • Tshipi received higher-than-anticipated rail volumes during FY26, reflecting improvements in rail capacity and reliability.
Slide 13: Fittest in the Field: Improve Logistics - Port
Fittest in the Field: Improve Logistics Progress Update - Port Logistics KuGompo City1: The addition of KuGompo made Tshipi the first manganese producer to export through eight southern African commercial seaports. In FY26, Jupiter joined Tshipi and Transnet on a port visit to explore its future rol
Slide 14: Industry Leader
Industry Leader Growth Jupiter Mines | Africa Down Under 2026 14
Slide 15: Tshipi Flow Sheet
Industry Leader: Optimise production Tshipi Flow Sheet Mining Processing Primary Secondary Loadout Rail Load Out ROM Ore Crushing & Crushing & Stockpiles Station Screening Screening Road Trucks Capacity 3.6mtpa Capacity 3.9mtpa Capacity 4.5mtpa Capacity 5mtpa Utilisation 3.4mtpa Utilisation 3.4mtpa
Slide 16: Targeted M&A: Exxaro investment
Targeted M&A: Exxaro investment provides a pathway to pursue mutually valuable consolidation, consistent with Jupiter’s strategy Old Joint Control Structure Current Joint Control Structure Ntsimbintle Jupiter Mines OM Holdings Jupiter Mines Exxaro Holdings 49.9% 37.1% 13.0% 49.9% 50.1% Tshipi Mine T
Slide 17: Sustainably Empowered
Sustainably Empowered ESG Jupiter Mines | Africa Down Under 2026 17
Slide 18: ESG Reporting Framework
Sustainably Empowered: ESG Reporting Framework ESG Reporting Framework Sustainability Reporting ESG priorities defined, and complete established initiatives are being progressed Jupiter’s ESG framework was released to the Jupiter’s inaugural Sustainability Report was Our approach to sustainability c
Slide 19: FY26 Sustainability Highlights
FY26 Sustainability Highlights 80% of employees at Tshipi are local South African people from the Northern Cape (increase from 73% in FY25) Achieved zero dust exceedances across both residential and non-residential monitoring locations 66 bursaries, internships and learnerships provided (up from 39
Slide 20: Improving Water Access for Healthier Communities
Sustainably Empowered: Improving Water Access for Healthier Communities • In South Africa, water access remains uneven, particularly in rural areas. • Water improvement needs of Manyeding Village in the John Taolo Gaetsewe (JTG) District Municipality were identified as part of Tshipi’s Social Labour
Slide 21: Building the Mining Talent Pipeline
Sustainably Empowered: Building the Mining Talent Pipeline Tshipi’s learnership program has been designed with a structured, targeted program focusing on youth within the JTG District Municipality. In 2025 Tshipi offered 8 learnerships various disciplines, including Occupational Hygiene, Boiler Maki
Slide 22: Investing in Supplier Capability and Growth
Sustainably Empowered: Investing in Supplier Capability and Growth Tshipi has implemented a structured Enterprise and Supplier Development strategy that prioritises the development of Black-owned enterprises within its District Municipality focusing on two categories: • Exempted Micro Enterprises: T
Slide 23: Upcycle
Upcycle EV Batteries Jupiter Mines | Africa Down Under 2026 23
Slide 24: EV Battery Strategy: Why is Jupiter Interested?
EV Battery Strategy: Why is Jupiter Interested? 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 Process Incremental C
Slide 25: EV Battery Strategy: EV Demand Growth
EV Battery Strategy: What’s going on with EV Demand Growth? 1 Incredible growth in the world’s EV stock is expected, and needed… 2 …yet growth in sales of new EVs has slowed recently. Projected increase in global EV stock to meet carbon emission targets Year-on-year change in passenger EV sales 900
Slide 26: Manganese 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 performance …which is why, looking forward, battery chemistries will lean towards 1 2 of EV batteries… i
Slide 27: EV Battery Strategy: Progress to Date
EV Battery Strategy: Progress to Date Progress Update - EV Battery Market Entry Strategy 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). Jupiter's Advantages:
Slide 28: EV Battery Strategy: Technical Assessment and Optimisation
EV Battery Strategy: Technical Assessment and Optimisation Jupiter Mines | Africa Down Under 2026 28
Slide 29: Summary
Summary Jupiter Mines | Africa Down Under 2026 29
Slide 30: An established and compelling value proposition
Summary: An established and compelling value proposition Reliable Continuing Manganese Price Strategic Operations Dividends Upside Upside FY26 continues a history of In 8 years, Jupiter has The Jupiter share price is Jupiter is focused on strong and reliable distributed dividends nearly strongly cor
Slide 31: For more information, please contact
For more information, please contact: Investor Relations at Jupiter Mines investorrelations@jupitermines.com