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2026-11-06
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Jupiter Mines Limited

Producer · Manganese · ZA · AU Rating locked: sign in to view v8.1 · jms-20261102t225756-full
Last 2026-11-06
A$0.245
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1M
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1Y
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Upside
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Mkt cap
A$481.6M
EV
A$472.1M
Cash
A$9.7M
Debt
A$0

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory20 documents
Reference price: JMS close 2 November 2026Market Data · MediumExtracted

Latest eligible local ASX close for JMS on 2 November 2026 (A$0.25, volume 1,667,283), taken from the local price database through miners.reference_price; price status fresh.

Document ID
jms-market-reference-2026-11-02
Published UTC
2026-11-02T05:00:00Z
Projects
—
Commodities
manganese
Open original source ↗
Market snapshot JMS at 2 November 2026Market Data · LowExtracted

Market snapshot from miners.v8db.market_snapshot: 52-week range A$0.235 to A$0.305; 12-month return -3.9% and 3-year return +35.1% (about zero against the mining index over three years); 20-session average traded value A$462,785. Manganese spot is absent from the local database, so the commodity series comes from the issuer quarterly and the USGS chapter.

Document ID
jms-market-snapshot-2026-11-02
Published UTC
2026-11-02T05:00:00Z
Projects
—
Commodities
manganese
Open original source ↗
Director dealings (insider transactions database)Governance · LowPartial

Director dealings read through python -m miners.insider_transactions show JMS (status partial): Brad Rogers rights vesting of 1,050,362 units on 22 December 2025 for nil cash, plus other director notices from 2024 to 2026 that carry no market purchase. Consistent with the issuer share count movement of 1.0m shares in FY26 to directors.

Document ID
jms-insider-dealings-2026
Published UTC
2026-11-02T01:00:00Z
Projects
—
Commodities
manganese
Open original source ↗
Q1 FY2027 Quarterly Activities ReportOperations · HighPartial

Quarter to 30 September 2026: Tshipi production 823,800 t, sales, CIF/FOB prices, FOB cost, EBITDA A$22.5m, Tshipi cash A$86.2m (100%), Jupiter cash A$9.7m and attributable cash A$52.7m, dividend paid A$14.5m, Fastmarkets price series to end October 2026, leadership transition.

Document ID
jms-q1-fy27-quarterly
Published UTC
2026-10-29T21:57:20Z
Projects
tshipi-mine
Commodities
manganese
Open original source ↗
2026 Notice of Annual General MeetingGovernance · LowPartial

Notice of the 2026 AGM on 26 November 2026 at 3:00pm AWST, with resolutions on the FY26 remuneration report, re-election of Scott Winter and short-term incentive performance rights for Brad Rogers.

Document ID
jms-agm-notice-2026
Published UTC
2026-10-22T23:22:50Z
Projects
—
Commodities
manganese
Open original source ↗
Top 20 register and substantial holders (ownership file)Governance · MediumExtracted

Local ownership file (reviewed 9 October 2026): register dated 14 September 2026 with Citicorp Nominees 20.59%, Manganexx (Exxaro vehicle) 19.99%, HSBC custody and others; substantial holders Exxaro 19.99% and Pinnacle 5.10% (last explicit notice 10 February 2026).

Document ID
jms-investor-register-2026
Published UTC
2026-10-09T01:00:00Z
Projects
—
Commodities
manganese
Open original source ↗
JMS management assessment (local research)Governance · LowExtracted

Local management assessment: executive team score 2 of 5 stars and 46 of 100 with low evidence confidence; career claims are issuer-reported and the Tshipi outcomes are jointly controlled. Used as an input to the management assessment, not as a conclusion.

Document ID
jms-management-summary-2026
Published UTC
2026-10-09T01:00:00Z
Projects
—
Commodities
manganese
Open original source ↗
2026 Annual ReportResults · HighPartial

Full-year FY26 report (year to 30 June 2026): Tshipi 49.9% equity-accounted, Jupiter group P&L, cash flow and balance sheet, shares on issue, dividends, Tshipi financial summary (ZAR), resource and reserve statement at 30 June 2026, board and executive roster, remuneration and register disclosures.

Document ID
jms-ar-2026
Published UTC
2026-09-29T23:01:29Z
Projects
tshipi-mine · jupiter-marketing
Commodities
manganese
Open original source ↗
Calendar of Key Dates for ShareholdersOther · LowPartial

Issuer calendar: Q2 FY27 report 29 January 2027, FY27 half-year 26 February 2027, interim dividend record and payment dates, Q3 30 April 2027, Q4 30 July 2027, preliminary final 31 August 2027, final dividend dates to 21 September 2027.

Document ID
jms-calendar-2026
Published UTC
2026-09-29T23:07:19Z
Projects
—
Commodities
manganese
Open original source ↗
Leadership TransitionLeadership · HighPartial

Managing Director Brad Rogers resigns to take a CEO role elsewhere; he remains MD until end November 2026 and then consults to end February 2027; Matthew Jarvis appointed interim CEO from 11 September 2026 with Appendix One terms.

Document ID
jms-leadership-2026
Published UTC
2026-09-10T22:23:07Z
Projects
—
Commodities
manganese
Open original source ↗
Africa Down Under 2026 PresentationOther · MediumPartial

Investor presentation: Tshipi flowsheet stage capacities (3.6 Mtpa plant capacity, 3.4 Mtpa utilisation), EV battery strategy, Exxaro transaction summary and strategy pillars.

Document ID
jms-adu-2026
Published UTC
2026-09-02T03:14:15Z
Projects
tshipi-mine
Commodities
manganese
Open original source ↗
Q4 FY2026 Quarterly Activities ReportOperations · MediumPartial

Quarter to 30 June 2026 with FY26 and quarterly comparatives: Tshipi production, sales, CIF and FOB prices, FOB cost of production, quarterly EBITDA, NPAT and cash for Q1-Q4 FY26 and Q4 FY25.

Document ID
jms-q4-fy26-quarterly
Published UTC
2026-07-30T22:32:54Z
Projects
tshipi-mine
Commodities
manganese
Open original source ↗
Euroz Hartleys Institutional Investor Conference presentationOther · LowPartial

Company update: Exxaro at A$0.33 per share for the 19.99% stake, dividend history since 2019, Tshipi board composition after the transaction.

Document ID
jms-euroz-2026
Published UTC
2026-03-18T23:00:00Z
Projects
tshipi-mine
Commodities
manganese
Ceasing to be a substantial holder (Ntsimbintle Holdings)Corporate Action · LowPartial

Notice that Ntsimbintle Holdings ceased to be a substantial holder following the sale of its Jupiter shares to Exxaro.

Document ID
jms-ntsimbintle-cease-2026
Published UTC
2026-03-05T23:10:33Z
Projects
—
Commodities
manganese
Open original source ↗
Exxaro completes acquisition of manganese interestsTransaction · HighPartial

Exxaro completes acquisition of Ntsimbintle Holdings 37.1% and OM Holdings 13.0% interests in Tshipi (50.1% total), the related 50.1% marketing rights, and 392,973,525 Jupiter shares (19.99%). Jupiter keeps 49.9% and joint control; the Shareholders Agreement is unchanged.

Document ID
jms-exxaro-completion-2026
Published UTC
2026-03-02T05:23:33Z
Projects
tshipi-mine
Commodities
manganese
Open original source ↗
Becoming a substantial holder (Pinnacle Investment Management)Corporate Action · LowPartial

Form 603 from Pinnacle Investment Management Group: 100,186,139 ordinary shares, 5.10% voting power as at 10 February 2026.

Document ID
jms-pinnacle-603-2026
Published UTC
2026-02-13T05:25:40Z
Projects
—
Commodities
manganese
Open original source ↗
Mineral Commodity Summaries 2026: Manganese (USGS)Commodity Data · MediumExtracted

USGS manganese chapter (ver. 1.1, March 2026): 2025e world mine production 20,000 kt manganese content (2024: 18,700 kt); world reserves 1,800,000 kt; South Africa mine production 7,600 kt (2025e) and reserves 550,000 kt; South Africa estimated to hold about 70% of world land-based manganese resources. Retrieved as a PDF for this run.

Document ID
jms-usgs-mcs2026-manganese
Published UTC
2026-02-06T00:00:00Z
Projects
—
Commodities
manganese
Open original source ↗
Exxaro satisfies all conditions for acquisition of manganese interestsTransaction · HighPartial

Announcement that Exxaro has satisfied conditions for the Tshipi transaction; completion expected by 27 February 2026. Terms as completed on 2 March 2026 (see the completion announcement).

Document ID
jms-exxaro-conditions-2026
Published UTC
2026-01-29T23:05:44Z
Projects
tshipi-mine
Commodities
manganese
Open original source ↗
Notification regarding unquoted securities (4 December 2025)Corporate Action · LowMetadata Only

ASX notice of unquoted securities issued in December 2025 (director rights exercised into ordinary shares); captured through the share count reconciliation in the 2026 Annual Report, Note 13.

Document ID
jms-unquoted-2025-12-04
Published UTC
2025-12-04T01:00:00Z
Projects
—
Commodities
manganese
High-Purity Manganese Sulphate Scoping StudyStudy · MediumPartial

Scoping study for a high-purity manganese sulphate plant using Tshipi low-grade ore: mid-case post-tax NPV at 12% of US$260m, IRR range 18%-28%, scoping accuracy of plus or minus 30% on opex and 50% on capex. No final investment decision has been taken.

Document ID
jms-hpmsm-scoping-2024
Published UTC
2024-03-12T21:26:07Z
Projects
hpmsm-project
Commodities
manganese
Open original source ↗
Evidence facts7
fact-shares-2026-06-30Ordinary shares on issue, 30 June 2026

1965850551 shares

2026-06-30
fact-reserves-2026-06-30Tshipi ore reserves, total, 30 June 2026

71097603 t

2026-06-30
fact-resources-2026-06-30Tshipi mineral resources (inclusive of reserves), 30 June 2026

409077891 t

2026-06-30
fact-spot-cif-2026-10-31Manganese semi-carbonate spot CIF price (US$/dmtu) at end of October 2026

4.28 USD/dmtu

2026-10-31
fact-jupiter-cash-2026-09-30Jupiter cash, 30 September 2026

9.7 AUD m

2026-09-30
fact-tshipi-cash-2026-09-30Tshipi cash, 100%, 30 September 2026

86.2 AUD m

2026-09-30
fact-close-2026-11-02JMS close, one ordinary share

0.25 AUD/share

2026-11-02