Further to its ASX announcement of 7 January 2020, Jupiter Mines Limited ('Jupiter' or 'the Company') (ASX: JMS) advises that the Tshipi Borwa Manganese Mine concept study production profile of 4.5 million tonnes and related estimated capital expenditure of R1.025 billion is underpinned solely by ore reserves (probable ore reserves 52%; proved ore reserves 48%).

Further information on the current Ore Reserves can be found in the Jupiter 2019 Annual Report (ASX announcement 30 May 2019).

Contact:

Tel: +61 8 9346 5500

Email: info@jupitermines.com

Web: www.jupitermines.com

(C) 2020 Electronic News Publishing, source ENP Newswire