JUPITER MINES LIMITED.

Jupiter Mines Limited (JMS) is an unlisted Australian registered public company which has as its main asset a 49.9% beneficial interest in Tshipi Ntle, an independently operated and managed, black empowered manganese mining company, currently operating the Tshipi Borwa Manganese Mine (Tshipi or Tshipi Mine). Jupiter also has two iron ore projects in the Yilgarn region of Western Australia. The Company derives nearly all of its income from Tshipi Ntle, which derives all of its income from the operations of the Tshipi Mine.

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