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SYDNEY-based Jupiter Mines has acquired a further uranium exploration licence in the Northern Territory, bringing its total to six granted licences and two applications.

Once all tenements are granted, Jupiter's uranium prospective land holding in the NT will total about 1770 square kilometres.

Jupiter Mines acting chief executive Robert Benussi told MiningNews.net>/I> the company had the opportunity to acquire the tenements "and the decision was to increase our asset base to uranium".

"It's an exciting year. We've got eight [licences] applied for and six of the tenements granted," he said.

The Sydney-based company said the holding will be transferred to Jupiter's wholly-owned subsidiary Jupiter Uranium, which will explore the areas.

Jupiter Mines has previously focused on iron ore, gold and nickel exploration.

"Our first focus is Central Yilgarn, which is Mount Mason," Benussi said.

The Mount Mason iron ore project is about 90km west of Menzies in Western Australia and the company plans further drilling before year-end.

Last month, Jupiter released an updated JORC-compliant inferred estimate for Mount Mason of 2.2 million tonnes at 60.6% iron from a previous 1.8Mt at 63.3% iron.

Shares in Jupiter were trading at 23c this morning.