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Jupiter Mines continues to churn out cash from Tshipi, and shareholders are getting their fair share too

What Jupiter does

Jupiter Mines LTD (ASX:JMS) jointly owns the single biggest mine in South Africa.

Its a manganese mine called Tshipi, and its been in production for some years.

The Tshipi mine shipped its first ore in 2012, and has gone on to break production record after production record, such that in the last three years Jupiter has been able to hand back a whopping A$300mln to shareholders. A further R600mln was dished out in September 2019.

The cash should keep on coming too. For one thing, Tshipi has a 100 year mine life, so therell be no stopping it on that score.

What the chief executive says

“Whichever way you slice and dice it Tshipis been a great success,” says Priyank Thapliyal, Jupiters chief executive.

“The operation is very simple. We drill and blast, shovel the ore into a truck and take it to Port Elizabeth. Theres no blending, theres no beneficiation.”

Whats the outlook?

This year, production is likely to hit 3.5mln tonnes, around 40-50% higher than was envi..

What Jupiter does

Jupiter Mines LTD (ASX:JMS) jointly owns the single biggest mine in South Africa.

Its a manganese mine called Tshipi, and its been in production for some years.

The Tshipi mine shipped its first ore in 2012, and has gone on to break production record after production record, such that in the last three years Jupiter has been able to hand back a whopping A$300mln to shareholders. A further R600mln was dished out in September 2019.

The cash should keep on coming too. For one thing, Tshipi has a 100 year mine life, so therell be no stopping it on that score.

What the chief executive says

“Whichever way you slice and dice it Tshipis been a great success,” says Priyank Thapliyal, Jupiters chief executive.

“The operation is very simple. We drill and blast, shovel the ore into a truck and take it to Port Elizabeth. Theres no blending, theres no beneficiation.”

Whats the outlook?

This year, production is likely to hit 3.5mln tonnes, around 40-50% higher than was envisaged in the feasibility study. Costs are lower than predicted too, resulting in some chunky cashflow and, whats more notable, a very sizeable dividend.

Historically, the company has been trading on a yield of around 20%, and that looks set to continue.

“Manganese is a play on steel,” says Thapliyal.

“Every tonne of steel requires manganese, it cant be substituted. And the amount of manganese thats legally required in Chinese rebar has just been raised.”

Meanwhile, major sources of manganese production from South32 are likely to cease operating within the next ten years, giving a strong underpinning to the mid-to-long-term price.

And in support, the company boasted US$133mln at the end of the three months to August 2019

Strong institutional support

When Thapliyal was seeking institutional investment, the fund managers were only too keen to get on board. At the time of listing, around A$215mln of the market capitalisation was accounted for by institutional investors, with just A$25mln available as free float.

That strong institutional endorsement is backed up by the support of some mining heavy hitters on the board too. Brian Gilbertson, famously the ex-chief executive of BHP BilRead More – Source

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Australia

Kangaroo Island Plantation Timbers invites bird lovers to assist with annual survey

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) invites bird lovers to help out with the annual Birds in Plantations survey next month on Kangaroo Island in conjunction with Birdlife Australia.

Last year was the first time that bird surveys had been conducted in the companys plantations and there were 38 different bird species observed.

Birds were most abundant and diverse in the remnant vegetation on plantation properties.

KPT owns 25,000 hectares of land on Kangaroo Island, of which about 7,000 hectares is remnant vegetation.

Volunteers sought
In the 2018 Birds in Plantations survey, 22 volunteer surveyors completed more than 85 surveys across 37 different properties or control sites in KPT plantations.

This year the survey will be held on November 9 and 10, with volunteers able to complete surveys in the week before and after if they cannot commit to the weekend.

Building a picture of bird health
KPTs director of Community Engagement Shauna Black said the volunteers were cruc..

Kangaroo Island Plantation Timbers Ltd (ASX:KPT) invites bird lovers to help out with the annual Birds in Plantations survey next month on Kangaroo Island in conjunction with Birdlife Australia.

Last year was the first time that bird surveys had been conducted in the companys plantations and there were 38 different bird species observed.

Birds were most abundant and diverse in the remnant vegetation on plantation properties.

KPT owns 25,000 hectares of land on Kangaroo Island, of which about 7,000 hectares is remnant vegetation.

Volunteers sought

In the 2018 Birds in Plantations survey, 22 volunteer surveyors completed more than 85 surveys across 37 different properties or control sites in KPT plantations.

This year the survey will be held on November 9 and 10, with volunteers able to complete surveys in the week before and after if they cannot commit to the weekend.

Building a picture of bird health

KPTs director of Community Engagement Shauna Black said the volunteers were crucial to the success of the survey.

“You can do it in your own time and well provide fuel vouchers and safety equipment.

“Wed like to do it every year so we can build up a resource and a picture of bird health in our plantations, as part of our Forestry Stewardship Council certification.”

For more information Read More – Source

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Australia

Imugene welcomes receipt of US Department of Defense grant for City of Hope cancer researchers

Imugene Limited (ASX:IMU) has revealed that City of Hope researchers Yanghee Woo, MD and Yuman Fong, MD have received a $564,173 US Department of Defense Grant for the oncolytic virotherapy CF33 in gastric cancer.

Background
The CF33 oncolytic virus was developed at City of Hope, a world-renowned independent research and treatment centre for cancer, diabetes and other life-threatening diseases based in California.

Imugenes proposal to license CF33 from City of Hope is awaiting satisfaction of customary conditions precedent and shareholder approval at the Extraordinary General Meeting (EGM) to be held on November 18, 2019.

Focus on gastric cancer
The grant focuses on the area of stomach (gastric) cancer (GC), a disease that disproportionately affects US military service members, veterans, and their beneficiaries who have increased exposure to hazardous environmental risk factors, such as H. pylori, Epstein-Barr viral infections, radiation, and tobacco smoking.

Peritoneal carcinomato..

Imugene Limited (ASX:IMU) has revealed that City of Hope researchers Yanghee Woo, MD and Yuman Fong, MD have received a $564,173 US Department of Defense Grant for the oncolytic virotherapy CF33 in gastric cancer.

Background

The CF33 oncolytic virus was developed at City of Hope, a world-renowned independent research and treatment centre for cancer, diabetes and other life-threatening diseases based in California.

Imugenes proposal to license CF33 from City of Hope is awaiting satisfaction of customary conditions precedent and shareholder approval at the Extraordinary General Meeting (EGM) to be held on November 18, 2019.

Focus on gastric cancer

The grant focuses on the area of stomach (gastric) cancer (GC), a disease that disproportionately affects US military service members, veterans, and their beneficiaries who have increased exposure to hazardous environmental risk factors, such as H. pylori, Epstein-Barr viral infections, radiation, and tobacco smoking.

Peritoneal carcinomatosis (PC) is a fatal evolution of GC for which there is no effective treatment.

Across military families and the general population, over 60% of all patients with GC will develop peritoneal disease as the most common manifestation of recurrence or metastatic presentation.

The progression of primary GC to PC is facilitated by the unique peritoneal tumour microenvironment, where metastatic peritoneal seeding requires evasion of anti-tumour immunity and maintenance of a highly immunosuppressive microenvironment.

The researchers rationalize that a combined approach using Imugenes proposed license for novel oncolytic virus CF33 armed to express an anti-PD-L1 antibody as immune moRead More – Source

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Australia

Ironbark Zinc in trading halt ahead of capital raising news

Ironbark Zinc Ltd (ASX:IBG) has capital raising news pending and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal trading on Friday, October 25, 2019, or when an announcement is made to the market, whichever occurs earliest.

IBG's securities last traded at 1.7 cents, down from 2.1 cents in mid-September.

New managing director
In September the company appointed experienced commercial and corporate executive Michael Jardine to the role of managing director.

Jardines previous experience included director for Atrum Coal Ltd (ASX:ATU) and Pegasus Metals Ltd, which is now Scorpion Minerals Ltd (ASX:SCN).

He is currently a non-executive director of TNT Mines Ltd (ASX:TIN) as well as Read More – Source

Ironbark Zinc Ltd (ASX:IBG) has capital raising news pending and has been granted a trading halt by the ASX.

The halt will remain in place until the start of normal trading on Friday, October 25, 2019, or when an announcement is made to the market, whichever occurs earliest.

IBG's securities last traded at 1.7 cents, down from 2.1 cents in mid-September.

New managing director

In September the company appointed experienced commercial and corporate executive Michael Jardine to the role of managing director.

Jardines previous experience included director for Atrum Coal Ltd (ASX:ATU) and Pegasus Metals Ltd, which is now Scorpion Minerals Ltd (ASX:SCN).

He is currently a non-executive director of TNT Mines Ltd (ASX:TIN) as well as Read More – Source

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