Investor Presentaiton

3b Jupiter Mines Limited Flexible Onsite and Offsite Infrastructure Capacity Allowing for a Rapid Response to Evolving Market Conditions Access to Transnet Tshipi has negotiated a 5-year rail contract with Transnet the allocated tonnage is 2.1 mtpa effective February 2018 with expiry date of 2023 Tshipi has a track record of exceeding its allocated tonnage - in FY 2017 Tshipi transported 2.29 million tonnes via Transnet, out of a total of 2.33 million tonnes produced ― in FY 2018 Tshipi transported 2.31 million tonnes via Transnet, out of a total of 3.64 million tonnes produced Any manganese ore produced in excess of rail volumes is transported by road haul transport agreements are negotiated on an ad-hoc basis Road Transport Road Namibia Botswana Saldanha Sishen Cape Town Port Elizabeth / Ngqura R31 Johannesburg R380 Durban Tshipi Mine Tshipi has minimal ongoing Capex requirements and limited sustaining capital expenditure expected in the short to medium-term - see Appendix N14 R385 Sishen Towns Gamagara Water Pipeline Powerline Hotazel R380 Kathu R31 Kuruman Railway Road R31 15

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