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Jupiter Mines (ASX:JMS) is a manganese producer that value investors see as an undervalued stake in a world-class asset. In July 2026, Lanyon Investment Fund bought shares in Jupiter, noting its 49.9% interest in South Africa's Tshipi manganese mine, one of the largest and lowest-cost manganese operations globally with an expected mine life of more than 100 years. Datt Capital also likes Jupiter for its stake in Tshipi, located next to South32's Mamatwan mine, while NGE Capital exited earlier with a profit of around $1 million. Jupiter Mines operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 9 comments from 6 fund managers, including Lanyon, Datt Capital and NGE Capital. Founded in 2003 and headquartered in Perth, Jupiter Mines produces manganese ore through its Tshipi Borwa mine in South Africa's Kalahari manganese field.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Endeavor Asset Management, Blackwattle Investment Partners, Paradice Investment Management, NGE Capital, Lanyon Investment Fund and Datt Capital have invested in Jupiter Mines Ltd (ASX:JMS).
Lanyon and Datt Capital highlight Jupiter's interest in Tshipi, a low-cost, very long-life manganese mine, and a share price that Lanyon believes undervalues the asset. Datt also points to positive corporate developments over the past year.
The commentary is largely positive, though Lanyon holds only a small position and NGE Capital exited after taking profits. Jupiter's earnings depend on manganese prices and on operating conditions in South Africa.
Jupiter Mines Ltd., founded in 2003 and headquartered in Perth, Australia, is a mining company focused on manganese ore production and iron ore exploration. Its core asset is the Tshipi Manganese Mine in South Africa, a significant manganese mining operation. Additionally, the company holds interests in the Central Yilgarn Iron Project. Jupiter Mines manages operations and the international sale of manganese ore to global markets.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.