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Jupiter Mines Limited JUPITER MINES LIMITED Q2 FY2022 QUARTERLY ACTIVITIES REPORT ASX : JMS 27 September 2021 ABN : 51 105 991 740 Registered Office : Level 10 16 St Georges Terrace Perth WA 6000 T +61 8 9346 5500 E investorrelations @ jupitermines.com www.jupitermines.com Directors & Officers Brian Gilbertson Priyank Thapliyal Yeongjin Heo Hans Mende Peter North Scott Winter Brian Beem ( alternate to Hans Mende ) Melissa North Jupiter Mines Limited ( ASX.JMS ) ( Jupiter , or the Company , and together with its subsidiaries , the Group ) is pleased to provide the following activities report for the quarter ended 31 August 2021 . HIGHLIGHTS Continued equipment breakdowns leading to loss of mining days . ■ However , production continues to be ahead to meet logistics plan . ■ Jupiter's attributable cash balance is $ 69 million at end of the quarter . Jupiter CEO , Priyank Thapliyal to conduct conference call on quarterly results on Wednesday 29 September at 4:30 pm AEST . TSHIPI BORWA MANGANESE MINE ( 100 % BASIS ) Jupiter has a 49.9 % beneficial interest in Tshipi é Ntle Manganese Mining Proprietary Limited ( Tshipi ) , which operates the Tshipi Borwa Manganese Mine in the southern portion of the Kalahari manganese field . Production , sales and financial information for the quarter ended 31 August 2021 and comparatives are presented below . UNIT Issued Capital Ordinary shares : 1,958,991,033 Q2 FY2022 Q1 FY2022 YTD FY2022 Q2 FY2021 Mined volume Primary Asset World class Tshipi Manganese Mine Production Sales Average CIF price achieved ( HGL ) BCM Tonnes Tonnes USD / dmtu 3,943,132 3,954,451 7,897,583 3,414,742 945,382 1,049,985 1,995,367 840,469 807,767 846,214 1,653,981 898,107 4.62 4.56 4.61 4.67 Average FOB cost of production ( HGL ) ZAR / dmtu 32.59 32.66 32.51 36.13 Average exchange rate USD / ZAR 1 14.40 14.48 14.44 17.02 Average exchange rate AUD / ZAR 1 10.72 11.18 10.95 11.98 Sales revenue AUD million 2 106.9 107.4 214.2 154.1 ( net of realisation costs ) Earnings before interest , tax & depreciation AUD million 2 30.4 26.0 56.3 76.5 ( EBITDA ) Net profit after tax AUD million 2 15.3 16.2 31.4 51.1 Net cash from operating activities AUD million 2 38.7 7.7 45.8 ( 9.3 ) Cash at bank AUD million 2 91.8 55.0 91.8 100.4 ABN 51 105 991 740 PO Box Z5117 , Perth , WA 6000 T +61 8 9346 5500 F +61 8 9481 5933 E info@jupitermines.com www.jupitermines.com