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Investor Presentaiton

History of Delivering Cash Returns to Jupiter Shareholders Jupiter Mines Limited Management delivered a full operating Tshipi mine at a cost of A$100m to Jupiter shareholders Tshipi is operating on a debt free basis with strong cash generation capabilities Inaugural distribution to Jupiter shareholders of A$71m for FY2017 - 11.7% yield ■Further distribution to Jupiter shareholders of A$82 million for FY2018 - 13.7% yield ■ Jupiter distributed A$98 million H1 2019 dividend on 10 October 2018 16.1% H1 2019 yield 2011 2012 2015 2017 2011 (FY) Tshipi Borwa Mine development commences 2012 (FY) First vessel loaded in December 2015 (FY) Tshipi more than doubled production and sales to over 2 million tonnes per year 2017 (FY) Tshipi achieves monthly production volumes capable of supporting in excess of 3 million tonnes per year Tshipi achieves sales of 2.27 million tonnes " 2018 2019 2018 (FY) On site permanent infrastructure capacity increased to deliver 3.6Mtpa Tshipi sales of 3.34 million tonnes 2019 (FY YTD) Tshipi achieving export run rate in excess of 3.5mtpa 7
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