Name: Tshipi Borwa mine.

Location: The Tshipi Borwa mine is located 20 km south-west of Hotazel, in South Africa’s Kalahari manganese field, in the Northern Cape.

Controlling Company: Tshipi é Ntle Manganese Mining comprising Ntsimbintle Mining and Australia-listed mining company OM Holdings (50.1%) and Jupiter Mines (49.9%).

Brief History: The Tshipi Borwa mining right was initially issued to Ntsimbintle Mining by the Department of Mineral Resources. The mining right was subsequently transferred to Tshipi é Ntle Manganese Mining after receiving Ministerial consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act. This mining right has subsequently been notarially registered in Tshipi’s name. Mine construction started in 2011 and first ore was mined in October 2012.

Brief Description: Tshipi Borwa is a new mine located adjacent to Samancor Manganese’s Mamatwan openpit manganese mine. Total run-of-mine ore tons to be produced are planned at 2.4-million tons a year. There are sufficient resources to ensure a 60-year life-of-mine at this production rate.

Mining Method: Openpit mining operation using a standard truck-and-shovel opencast mining approach.

Products: Manganese.

Major Infrastructure and Equipment: The mine comprises office buildings, a processing plant and a tailings dam. The manganese ore deposits will be extracted using conventional openpit excavation methods entailing drilling, exploring, blasting, loading and hauling. Tshipi has constructed its own dedicated rail loading facility, which has joined the existing transport rail line a few kilometres from the site.

Geology/Mineralisation: The Kalahari manganese field, which stretches for 35 km and is about 15 km wide, hosts 80% of the world’s economically mineable high-grade manganese ore resources. The Tshipi Borwa mine is located on the south-western outer rim of the Kalahari manganese field, making the ore resources shallower and amenable to openpit mining. Ore starts at a depth of 70 m below the surface and is contained within a 30-m- to 45-m-thick mineralised zone, which occurs along the entire property. The ore layer dips gradually to the north-west at about 5°.

Tshipi’s strategy is to mine and process the lower 15 m of the mineralised zone, commonly known as the bottom cut, as it bears a higher-grade ore. Material from a portion of the upper 15 m mineralised zone, referred to as the top cut, is planned to be stockpiled for possible use later. All the economic evaluations of the Tshipi Borwa project and mine plans have assumed the top cut to be an unsaleable waste product.

Resources: Tshipi Borwa has a defined mineral resource estimate of 163.23-million tons grading at 37.1% manganese. Of the total resource, 61.82-million tons are classified as indicated resources and 101.41-million tons as an inferred resource.

Prospects: Tshipi é Ntle Manganese Mining exported the first manganese from its new R1.7-billion Tshipi Borwa mine in December 2012.

The mine has three main tasks planned for 2013 – building and commissioning the capital plant and ramping up to continuous production, as well as consolidating its operational efficiencies.

The mine also has several social plans earmarked for 2013, which include providing education, job opportunities and freshwater for the communities surrounding the mine.

Contact Person: Nonexecutive chairperson Brian Gilbertson.

Contact Details: Tshipi é Ntle Manganese Mining, tel +61 8 9346 5500, fax +61 8 9481 5933, email info@jupitermines.com, and website www.jupitermines.com.