The Jupiter Board has always maintained that the Central Yilgarn Iron Ore ("CYIP") assets have significant intrinsic value, and now with the resurgence in iron ore prices, is the time to realise this value for its Shareholders.
CYIP assets and $5 million seed capital transferred to Juno Minerals Limited in exchange for 120 million Juno shares, to be distributed to existing Jupiter Shareholders at a rate of 1 Juno
Share for every 16.325 Jupiter Shares held.
2010
Juno Minerals has applied to be listed on the ASX and is separately aiming to raise up to $20 million to develop the Mount Mason DSO Hematite Project.
Demerger will enable:
Jupiter shareholders exposure to both pure-play manganese & iron ore investments;
Attain a market value for the CYIP assets;
Jupiter to solely focus on the Tshipi Borwa Manganese Mine;
Dedicated board and management of Juno to bring the Mount Mason Project into development in the near-term; and
Jupiter dividends from Tshipi will continue to be paid to Shareholders, and not be diverted to the project development.
QUESTIONS AND COMMENTS
ONLY SHAREHOLDERS OF JUPITER MINES LIMITED CAN ASK
QUESTIONS OR MAKE COMMENTS AT THIS TIME
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Jupiter Mines Limited is an Australia-based independent mining company. The Company, through Tshipi e Ntle Manganese Mining Proprietary Ltd (Tshipi), operates the Tshipi manganese mine, an open pit mine in the Kalahari Manganese Field (KMF) located in the Northern Cape of South Africa. Tshipi is operating at a production run-rate of approximately 3.3 million tons per annum (Mtpa), being is a manganese mine in South Africa. Tshipi produces lumpy and fines manganese ore product with average grades of around 36.5% and 35.5% respectively. Tshipi's logistics operations allow it to adapt export quantities to market conditions. Tshipi uses a combination of rail and road transport to transport processed manganese ore from the mine to various ports, including Port Elizabeth, Saldanha, Cape Town, Port Elizabeth and Durban in South Africa, and Ludertiz in Namibia.
JUPITER MINES LIMITED 
