Jupiter Mines Limited (ASX.JMS) (Jupiter, or the Company, and together with its subsidiaries, the Group) is pleased to provide the following activities report for the quarter ended 31 August 2021.
HIGHLIGHTS Continued equipment breakdowns leading to loss of mining days.
However, production continues to be ahead to meet logistics plan.
Jupiter's attributable cash balance is $69 million at end of the quarter.
Jupiter CEO, Priyank Thapliyal to conduct conference call on quarterly results on Wednesday 29
TSHIPI BORWA MANGANESE MINE (100% BASIS)
Jupiter has a 49.9% beneficial interest in Tshipi e Ntle Manganese Mining Proprietary Limited (Tshipi), which operates the Tshipi Borwa Manganese Mine in the southern portion of the Kalahari manganese field.
Mining and Production
Mining continued to face challenges, remaining behind plan for the quarter due to excavator breakdowns, inclement weather and operator issues. In August, first ore was exposed in the Barrier Pillar on the Mamatwan side, with Tshipi's first ore expected to be mined during September. Production however remained ahead of plan for the quarter and year, not compromising the logistics plan. Additional high grade ore was produced to meet the plan. Tshipi's cost of production for the quarter for its high grade lumpy ore was ZAR32.59 per dmtu (FOB)
Logistics and Sales
Tshipi has moved almost 1.8 million tonnes through on-land logistics during the first half of FY2022, and volumes are ahead of its six month target....
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