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Jupiter Mines Limited ASX : JMS 22 December 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 Peter North Yeongjin Heo Scott Winter Patrick Murphy Brian Beem ( alternate to Patrick Murphy ) Melissa North Issued Capital Ordinary shares : 1,958,991,033 Primary Asset World class Tshipi Manganese Mine JUPITER MINES LIMITED Q3 FY2022 QUARTERLY ACTIVITIES REPORT 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 30 November 2021 . HIGHLIGHTS • No LTI's in the quarter , TRIFR is 0.98 . ■ November quarter achieved graded ore mining of 255,036 bcm . Overall total in - situ movement for November quarter was 2.9 million bcm , 10 % behind target , with November improving and now ahead of target . Recent changes to the medium term mine plan and operations are showing improvements in the mining performance . On land logistics 5 % behind target YTD due to delays and maintenance . Production is on track to meet the high grade logistics and sales plan , with 909,510 tonnes achieved over the quarter , however with lower rail and increased road volumes . Jupiter's attributable cash balance is $ 76 million at end of the quarter . Jupiter's Acting CEO , Scott Winter , to conduct conference call on quarterly results on Wednesday 22 December at 4:30 pm AEDT . 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 . Key production , sales and financial information for the quarter ended 30 November 2021 and comparatives are presented below . Q3 UNIT FY2022 Q2 FY2022 Q1 FY2022 YTD FY2022 Q3 FY2021 Production Tonnes Sales Tonnes 909,510 845,421 945,382 1,049,985 807,767 846,214 2,904,877 2,499,402 925,652 1,146,201 Average CIF price achieved USD / dmtu 4.60 4.62 4.56 4.63 4.07 ( HGL ) Average FOB cost of production ZAR / dmtu 26.18 31.00 32.67 30.10 30.56 ( HGL ) Earnings before interest , tax & AUD million 1 38.7 30.4 26.0 95.1 51.2 depreciation ( EBITDA ) Net profit after tax AUD million 1 26.6 15.3 16.2 58.1 36.1 Cash at bank AUD million 1 119.1 91.8 55.0 119.1 122.6 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