Jupiter Mines (JMS) AGM 2025 summary

Opening remarks and agenda

• Chair welcomed attendees, acknowledged traditional landowners in Australia and South Africa, and introduced board members and key executives present in person and online.

Financial performance review

• Tshipi Manganese Mine achieved record operational and sales results, processing 3.72 million tonnes and exporting 3.6 million tonnes of manganese ore.

• Group net profit after tax rose to AUD 39.9 million, up from AUD 38.9 million in FY2024.

• Total dividend declared for FY2025 was AUD 0.015 per share, with a final dividend of AUD 0.75 per share, representing a yield of around 6%.

• Cumulative dividends since 2018 listing reached AUD 425 million, over 80% of current market capitalization.

• Tshipi maintains more than 100 years of potential mine life.

Board and executive committee updates

• New independent non-executive directors appointed: Sally Langer (over a year ago), Kiho Han (April 2025), Patrick Murphy (September 2024), Peter North (November 2024), and Ben Kim (April 2025).

• Board renewal aims to ensure the right mix of values, skills, and experience for the next strategic phase.

• Directors and key management personnel introduced, with backgrounds and contributions highlighted.