Jupiter Mines Ltd. announces a share repurchase program. Under the program, the company will repurchase up to 6% of its share capital for AUD 73 million ($55 million). All the shareholders will be made an equal offer at a purchase price of AUD 0.53 ($0.4) per share. The buyback will be funded from loan repayment from Tshipi é Ntle Manganese Mining (Pty) Ltd. and from existing cash reserves. The Board believes that the buyback is an efficient means of returning excess capital to the shareholders. The Directors who hold shares will participate in the buyback. The offer will expire on March 7, 2017.