Jupiter Mines has reported a strong fourth quarter of production and sales from the world-class Tshipi Borwa Manganese Mine in South Africa, with the mine producing an EBITDA of AUD$71.4 million and NPAT of AUD$48.7 million for the quarter, up from AUD$47.5m and AUD$30.2m respectively from the last quarter.
Jupiter has a 49.9% beneficial interest in Tshipi é Ntle Manganese Mining Proprietary Limited (Tshipi), which operates the Tshipi
Borwa Manganese Mine in the southern portion of the Kalahari manganese field.
The Company also advised it will change its financial year end date from 28 February to 30 June. The Company will have a four month financial reporting period beginning 1 March 2023 and ending on 30 June 2023, and thereafter will revert to a twelve month financial year commencing on 1 July and ending 30 June of each year.
Jupiter also released an updated Company Strategy. Jupiter CEO Brad Rogers and Chair Ian Murray will conduct a conference call and Q&A today, from 2:00pm AWST, to discuss the quarterly and the Company’s updated strategy.