Jupiter Mines Limited · ASX:JMS
Jupiter Mines — Diggers and Dealers 2025
15 slides from Jupiter Mines's conference presentation, Aug 4, 2025
Slide 1: Company Update August 2025
For personal use only Company Update August 2025 Diggers and Dealers, Kalgoorlie
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 in a summary form, does not propose to be complete forward looking statements.
Slide 3: Company Introduction: largest pure play listed manganese miner
Jupiter is the largest pure play listed manganese miner in the world, with 49.9% ownership of Tshipi, a Tier 1 manganese mine. Share Price Market Cap Board of Directors Company Introduction A$0.21 A$412m For personal use only Scott Winter Sally Langer Ian Murray NED NED Chairman ex Perenti Northern
Slide 4: Tshipi is one of the largest producing and longest life manganese mines
Tshipi is established as one of the largest producing and longest life manganese mines in the world… Ore Sales #4 largest Mn ore Company Introduction For personal use only 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 Sou
Slide 5: Kalahari Manganese Field holds 73% of the world's manganese
…located in the Kalahari Manganese Field, which holds 73% of the world’s manganese (in an area less than the distance between Kalgoorlie and Coolgardie)… Khwara Mn 48 Company Introduction For personal use only Wessels Nchwaning Gloria Kudumane Kalagadi Sebilo Mokala United Mn of Kalahari (UMK) Mamat
Slide 6: 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) 2 …leading ESG performance….. 1 Company Introduction 4.0 For personal use only Sales Production 3.5 LTIF
Slide 7: Jupiter has an outstanding record of investor returns
Jupiter has an outstanding record of investor returns… $0.250 Cumulative Dividends per Share (6.5 Year Total), $0.210 JMS Share Price (Current) and DPS (A$) Company Introduction For personal use only $0.200 Current Share Price, $0.210 $0.150 1. 100% of current share $0.100 price declared in dividend
Slide 8: Strategy to sustainably grow: five year strategy FY2023-FY2028
… and a strategy to sustainably grow, focused on consolidation, ongoing operating productivity and (potentially) supplying the EV battery market. FIVE YEAR STRATEGY Company Introduction For personal use only FY2023 – FY2028 FITTEST IN THE FIELD INDUSTRY LEADER SUSTAINABLY UPCYCLE (Efficiency) (Growt
Slide 9: Supply has driven manganese prices; Chinese port stocks low
Supply has driven manganese prices in recent years. Chinese port stocks remain at low levels. Mn Ore Exports, South Africa & Rest of World (Mt, calendar years (annual) and quarters and months (annualised) 1 50 South Africa Other +19% For personal use only -14% (Ave Mn Exports) -6% 40 Manganese Mn 14
Slide 10: Investor Value Proposition: dividends, price upside, consolidation
Jupiter has an outstanding dividend track record, exposure to manganese price upside and a compelling opportunity to drive value through consolidation. Investor Value Proposition 1 Commitment to dividend 2 3 For personal use only + Manganese Price Upside. + Growth Upside… policy… Manganese Price Tod
Slide 11: Tshipi operational outcomes support outstanding Jupiter dividends
Tshipi’s leading operational outcomes, combined with Jupiter cost discipline, support outstanding Jupiter dividends. Investor Value Proposition Tshipi Ore Sales and Production (Mtpa) 1 2 ..and competitive costs… 3.7 For personal use only FY19 - FY24 Ave FY25 3.6 Mn Price and Costs (37%, FOB, US$/dmt
Slide 12: Jupiter share price is correlated with the manganese price
Jupiter’s share price is correlated with the manganese price. Investment value is available from this correlation. Investor Value Proposition Jupiter Share Price since 2018 (Blue Line, LHS) vs Manganese Price (Gold Line, RHS) $0.45 $8.00 Mn Price - FOB PE US$/dmtu • The Jupiter share price is For pe
Slide 13: Exxaro announcement provides pathway for consolidation
Recent Exxaro announcement provides a pathway for Jupiter to pursue mutually valuable consolidation, consistent with Jupiter’s strategy. Investor Value Proposition Current Joint Control Structure Proposed Joint Control Structure For personal use only Ntsimbintle Jupiter Mines OM Holdings* Jupiter Mi
Slide 14: Summary: An established and compelling value proposition
Summary: An established and compelling value proposition. Reliable Operations Continuing Dividends For personal use only FY25 continues a history of strong and reliable operating outcomes from In 6.5 years, Jupiter has distributed dividends equal to its current Tshipi and disciplined cost management
Slide 15: For more information, please contact
For personal use only For more information, please contact: Investor Relations @ Jupiter investorrelations@jupitermines.com Kalgoorlie | Diggers & Dealers 15