General Search - Enter what you're looking for...
JUPITER MINES LIMITED - ASX: JMS
The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.
Description
Jupiter Mines Limited (Jupiter) is a publically listed mining explorer and producer committed to developing strategic mining exploration and project opportunities in iron ore and manganese.
The company has already acquired an extensive portfolio of iron ore and manganese exploration tenements in key mineral regions of Western Australia.
The Company has recently acquired a 49.9% interest in the Tshipi Manganese Project in the Kalahari Manganese Field in South Africa. This Project will commence producing 2 MTPA of manganese lump ore in late 2011.
TSHIPI MANGANESE PROJECT
The Kalahari Project
The Kalahari Project is located about 20 km southwest of the mining town of Hotazel in the Kalahari Manganese Field, which constitutes a globally significant manganese resource. The Kalahari Manganese Field is approximately 400 km² in area and is estimated to contain approximately 13 billion tonnes of manganese resources at 20% to 48% Mn. Its geological simplicity makes the Kalahari Manganese Basin one of the most important manganese resources in the world.
The Wessels Exploration Project
The Wessels Exploration Project consists of the prospecting rights over 3,965 ha, located north of HMM’sf Wessels Mine. The Wessels Exploration Project falls just outside the estimated sub outcrop of the Kalahari Manganese Field but could nevertheless contain possible high grade outsider manganese deposits. The project is close to the area where Aquila Resources is prospecting and has published an inferred resource of 1.8 mt at 45.5% mn.
OAKOVER MANGANESE PROJECT
During 2009, Jupiter acquired significant land holdings of approximately 700 km² in a manganese producing province in the Pilbara of Western Australia, taking in Ripon Hills and the nearby Woodie Woodie Operations. The acquisition of the Oakover Project is from the vend of assets under Phase 2 of the Proposal.
Jupiter increased its ground position at Oakover by applying for Exploration Licence ELA/3547 195 km² which abuts the Western tenement group.
The Oakover Manganese Project will be a key exploration focus for Jupiter going forward with the objective of developing drill targets for initial testing in 2010.
CENTRAL YILGARN IRON PROJECT
At a time when iron ore continues to command high levels of interest and strong prices for its fundamental role in a number of expanding economies, the Central Yilgarn Iron Ore Project (CYIP) offers Jupiter exposure to an iron ore exploration prospect in close proximity to established infrastructure including access to a main road and railway transportation.
The project area is still under explored, and Jupiter will be implementing exploration programs to fully test the area's potential for iron ore mineralization (Figure 2). The CYIP consist of three project area's Mt Mason, Mt Ida and Mt Alfred . All three projects 100% Owned by Jupiter Mines. Currently the main projects within the CYIP:
* Mt Mason 5.75 million tonnes at 59.9% Fe, 3.5% Al2O3, 7.4% SiO2, 0.064% P and 3.0% LOI using a 55% Fe cut-off grade.
* Inferred Resource 530 million tonnes at 31.94 Fe, 1.10 Al203%, 45.88 SiO2%, 0.074 P% and 0.201S%
WIDGIEMOOLTHA NICKEL PROJECT
The property covers an area of the western and south-eastern flanks fo the Widgiemooltha Dome. Nickel sulphide mineralisation in he district is associated with high magnesium komatiitic lava flows.
The drill programme comprised a total of 1,380 metres over five holes using NQ diamond core, which was designed to follow up on previous drilling success by Jupiter including two intersections of massive nickel sulphides from hole JWddH003 which returned 1.35m @ 6.36% Ni and 0.3m @ 7.89% Ni.
The drill programme was successful in intersecting the mafic-ultramafic contact zone, with disseminated nickel sulphide mineralisation intersected in three of the five holes drilled:
JCDH003A - 2.88m @ 0.72% Ni
JCDH005 - 5.26m @ 0.75% Ni including 0.97m @ 1.16% Ni
JCDH006 - 2.63m @ 1.12% Ni including 1.02m @ 1.77% Ni.
KLONDYKE GOLD PROJECT
The Klondyke Project historically had its resource calculations associated with the Klondyke King and Queen old mine areas which produced approximately 300,000 ounces of gold. The dominant exploration philosophy by historical explorers was to deep diamond drill to examine the underground mining potential of the Klondyke King and Queen Mines. Jupiter’s exploration program focused on examining a large scale shallow resource potential by combining the mining areas Klondyke King, Klondyke Queen, St George, Dead Camel, Cuban, and Kopckes Reward. A conceptual geological, metallurgical scoping study, and drill hole program was completed.
Mine For
iron ore, copper, gold, nickel, manganese
Location of operation(s)
South Africa, Western Australia
Address
Suite 3, Level 42, 108 St Georges Tce
PERTH, WA, AUSTRALIA
Phone
08 9346 5500
Website
Last Updated
3/8/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
