Investor Presentaiton

4 Recognised and Established Product Quality Jupiter Mines Limited Branded products with a well-established customer base ■Rigorous product testing throughout the logistics chain Mexico: Minera Autlan 592 ■Range 0 of Tshipi's products includes: -high grade lumpy, contractual grade 36.5% Mn content grade fines, grade ― high contractual 35.5% Mn content 2,58 CIS: Ukraine 1,155 Georgia 10,000 Other 13,000 13,000. 200 1,798 354 China: Various 8,000 Gabon: Ivory Coast 1,510 Eramet 397 Ghana 296 Eramet • Approx.. 28Mt of seaborne ore (2015) 3,000 3,812 India: 6497 2,524 600 17,000 11Mt from South Africa (= 40%) Brazil: MOI/Sandur Various CVRD 7,438 • 3Mt from Tshipi (= 11% of market) in the space of 4 years 3.6Mt nameplate capacity from Tshipi (= 13% of market) 13Mt low-grade production from China may be considered swing production which may leave the market in a low pricing environment High grade (17,123kt) (2015) Mid grade (16,401kt) (2015) Low grade (15,169kt) (2015) 2017 (57,000kt) South Africa: Assmang 3,376 South32 South32 Tshipi Kudumane UMK Malaysia: Various 6,617 6,000 982 Australia: South32 Various 16

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