response to asx re jorc code

Appendix 5A – The JORC Code
I refer to the Company’s announcement to the market dated 15 August 2008 entitled, “Central Yilgarn Iron
Project: Exploration Program Update” (the “Announcement”).
ASX has identified as an area of focus, instances where companies, when reporting Exploration Results,
Mineral Resources or Ore Reserves, have made an announcement that does not comply with Appendix
5A of the Listing Rules – the JORC Code.
In order to assist companies comply with the JORC Code, ASX has worked with JORC to issue a number
of “Companies Updates” in relation to JORC issues. These Updates are available from the ASX website,
www.asx.com.au.
A review of the Announcement indicates that it does not comply with the JORC Code in the following
respect(s).
• Clause 8, in that the Announcement omits a statement confirming that the Announcement is
based on, and fairly reflects, information and supporting documentation prepared by a Competent
Person. The JORC Code requires that a public report must disclose the following:
• The name(s) of the Competent Person or Persons;
• Whether the Competent Person is a full-time employee of the company, and, if not, name the
Competent Person’s employer;
• The report has been issued with the written consent of the Competent Person or Persons;
• The Competent Person has sufficient experience*; and
• The Competent Person has relevant experience*.
JMS2008.08.15L-JORC-ff
JMS2008.08.15L-JORC-ff
• Specifically identify the type of information for which the Competent Person is providing
consent for inclusion in the Announcement. For example, the Competent Person Statement
may state that consent has been given to information that relates to Exploration Results,
Mineral Resources or Ore Reserves, whereas the Announcement only contains information
relating to Exploration Results and not in relation to Mineral Resources and Ore Reserves.
*Clause 10 of the JORC Code states that a ‘Competent Person’ must have a minimum of five
years experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which the person is undertaking.
To assist companies to fulfil the Competent Person Statement requirements, Clause 8 of the
JORC Code contains pro-forma examples of Competent Person statements.
• Clause 17, in that the reference to Exploration Results in the Announcement does not provide a
clear indication of how the grades were calculated.
Would you please arrange for the Announcement to be amended so that it fully complies with the JORC
Code and any applicable Companies Updates, and send it to me by email to
[email protected]. It should not be sent to the Company Announcements Office. Unless
the information is required immediately under listing rule 3.1, the response is requested as soon
as possible, and in any event, not later than 9.00am (E.S.T) on Monday, 18 August 2008.
In addition, as the Announcement did not comply with the JORC Code when it was released to the market,
please also provide, a copy of the Competent Person Consent statement that the Company was obliged
by Clause 8 of the Code to obtain from the Competent Person, prior to the release of the Announcement.
Please note that ASX reserves the right, under listing rule 18.7A, to release this letter to the market at the
same time as the revised Announcement if it considers it necessary for an informed market.
You are welcome to contact me if you have any questions in relation to this letter.
Yours sincerely
Frances Finucan
Senior Adviser, Issuers (Brisbane)
Jupiter Mines Limited
CENTRAL YILGARN IRON PROJECT:
EXPLORATION PROGRAM UPDATE
KEY POINTS
• Drilling program at Mt Mason nearing completion.
• 50% of drilling completed at Mt Ida.
• Gravity Survey completed at both Mt Mason and Mt Ida.
• Terrestrial Short Range Endemic Invertebrate Survey completed across
entire CYIP Project.
• Spring Flora Survey to commence this week.
Jupiter Mines Limited (ASX:JMS) is pleased to announce that the drilling program
currently underway at the Company’s Central Yilgarn Iron Project (“CYIP”) in Western
Australia is progressing well, with approximately 1629 metres of RC drilling now
completed at the Mt Mason prospect, and 5,000 metres completed at Mt Ida.
Drilling at Mt Mason is now essentially complete, and a further 6,000m of drilling
remains to be completed at Mt Ida.
Mt Mason Samples
The turnaround for sample analysis is currently running at 7 weeks, and results for the
first batches of sample results are expected to be received over the next one to two
weeks. Results have been received for one vertical hole at Mt Mason returning an
intersection of 11 metres at 60.29% iron from 70 metres.
Hole Easting Northing Fe% Al2O3% P% S% SiO2% LOI%
08RCMM003 243451 6776315 60.29 0.92 0.10 0.004 9.63 2.88
See attachment 1 below.
ALS Chemex Analysis ME-XRFII, LOI OA-GRA05
The grades reported in the intersection are a calculated weighted average of the
assays from the individual metre intervals with a cut-off grade of fe 56.6%.
Initial indications from the RC drillchips are that hematite is being intersected at Mt
Mason, and at Mt Ida minor intersections of hematite and significant intersections of
magnetite are being returned.
As advised in the June 2008 Quarterly Report, a ground based Gravity Survey was
undertaken at Mt Ida and then at Mt Mason by Haines Surveys using a Scintrex CG –
3M Gravity Meter. This survey will generate Bouger gravity data to aid in the
delineation of potential iron targets, structural control information, and lithological
interpretation.
In regards to the flora and fauna surveys, the Terrestrial Short-Range Endemic
Invertebrate Survey has now been completed by Outback Ecology Services, with Paul
Armstrong & Associates commencing the Spring Flora Survey this week.
JUPITER MINES
LIMITED
ABN 51 105 991 740
ASX Release
18 August 2008
JUPITER MINES LTD
Suite 2 Level 16
Norwich House
19 Bligh Street
Sydney NSW 2000
Australia
Tel: +61 2 9235 2755
Fax: +61 2 9235 2955
Contacts:
Greg Durack
Robert Benussi
Email:
[email protected]
For the Latest News:
www.jupitermines.com
Directors/Officers
Paul Murray
Andrew Bell
Priyank Thapliyal
Alan Topp
William Wang
Patrick Sam Yue
Andrew Zhou
Greg Durack
Robert Benussi
Charles Guy
Issued Capital:
Shares: 169,207,544
Unlisted Opts: 13,650,000
ASX Symbol: JMS
Currently Exploring for:
• Iron Ore
• Nickel
• Uranium
• Gold
Yours faithfully
Greg Durack
Chief Executive Officer
Competent Person
The information in this announcement that relates to Exploration Results is based on
information compiled by Mr Charles William Guy who is a Member of the Australian Institute
of Geoscientist and a full- time employee of Jupiter Mines Limited. Charles William Guy has
sufficient experience which is relevant to the style of mineralisation and type of deposit under
consideration and to the activity that he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Charles William Guy consents to the inclusion in the
announcement of the matters based on his information in the form and context in which it
appears Charles William holds the position of Exploration Manager with Jupiter Mines.
Attachment 1.
Hole_id Depth_from Depth_to sample_id Fe % Al2O3% P S SiO2 LOI%
08RCMM003 0 2 M000201 45.5 9.18 0.028 0.025 20.8 3.93
08RCMM003 2 4 M000202 42.6 11 0.026 0.034 22.2 4.57
08RCMM003 4 6 M000203 48 8.46 0.023 0.038 17.95 3.22
08RCMM003 6 8 M000204 48 7.81 0.019 0.03 18.85 3.41
08RCMM003 8 10 M000205 47.9 7.82 0.022 0.028 17.35 4.11
08RCMM003 10 12 M000206 46.8 7.3 0.019 0.032 14.55 5.18
08RCMM003 12 14 M000207 47.8 7.17 0.02 0.041 14.6 5.13
08RCMM003 14 16 M000208 52.9 6 0.023 0.042 9.91 4.87
08RCMM003 16 18 M000209 53 4.22 0.031 0.053 7.85 8.35
08RCMM003 18 20 M000210 49.9 4.86 0.04 0.068 8.44 10.9
08RCMM003 20 22 M000211 48.4 4.64 0.044 0.071 9.44 11
08RCMM003 22 24 M000212 47 4.58 0.04 0.057 12.9 10.65
08RCMM003 24 26 M000213 37 8.34 0.028 0.052 23.6 10.7
08RCMM003 26 28 M000214 30.7 14.75 0.037 0.019 28.4 11.5
08RCMM003 28 30 M000215 50.4 5.03 0.05 0.014 15.85 6.54
08RCMM003 30 32 M000216 58.2 1.8 0.057 0.013 9.27 5.21
08RCMM003 39 41 M000217 57.1 2.32 0.044 0.01 10.5 5.14
08RCMM003 41 43 M000218 42.3 5.09 0.047 0.006 28.9 4.87
08RCMM003 43 45 M000219 40.1 0.43 0.016 0.002 40.9 1.23
08RCMM003 45 47 M000220 34.9 1.16 0.021 0.004 47.1 1.77
08RCMM003 47 49 M000221 33.9 1.16 0.022 0.004 48.8 1.56
08RCMM003 49 51 M000222 17.7 7.98 0.023 0.01 61.3 4.29
08RCMM003 51 53 M000223 22.9 4.23 0.029 0.003 59.4 3.27
08RCMM003 53 55 M000224 42.9 1.68 0.047 0.003 33.4 3.38
08RCMM003 55 57 M000225 44.7 1.82 0.063 0.007 29.9 4.04
08RCMM003 57 59 M000226 44.6 2.54 0.069 0.005 29.7 3.63
08RCMM003 59 61 M000227 54.7 5.04 0.056 0.008 13.1 3.15
08RCMM003 61 63 M000228 21.5 21 0.084 0.003 35.5 11.15
08RCMM003 63 65 M000229 18.85 24.4 0.091 0.005 35.2 11.95
08RCMM003 65 67 M000230 19.05 25.3 0.09 0.004 33.9 11.7
08RCMM003 67 68 M000231 45.4 9.21 0.122 0.003 18.95 5.96
08RCMM003 68 70 M000232 53.8 1.84 0.081 0.001 16.95 3.96
08RCMM003 70 72 M000233 56.6 0.73 0.088 0.002 14.75 3.29
08RCMM003 72 74 M000234 56.7 1.1 0.082 0.002 15.2 2.32
08RCMM003 74 76 M000235 61.4 1.06 0.121 0.006 7.38 3.34
08RCMM003 76 78 M000236 62.9 1.18 0.105 0.005 5.99 2.57
08RCMM003 78 80 M000237 64 0.54 0.107 0.004 4.79 2.79
08RCMM003 80 81 M000238 60 0.86 0.126 0.006 9.77 3.08
08RCMM003 81 82 M000239 27.2 1.29 0.13 0.004 56.3 3.21
08RCMM003 82 83 M000240 49.7 1.44 0.102 0.004 24.6 2.55
08RCMM003 83 84 M000241 50.4 0.5 0.076 0.005 24.5 2.79
08RCMM003 84 85 M000242 58.4 0.65 0.063 0.005 12.9 2.71
08RCMM003 85 86 M000243 55 0.67 0.07 0.006 16.65 3.89
08RCMM003 86 87 M000244 53 2.67 0.037 0.053 8.33 9.67
08RCMM003 87 88 M000245 45.6 8.56 0.022 0.025 21.1 4.01
08RCMM003 88 89 M000246 48.5 1.3 0.095 0.006 26.2 2.8
08RCMM003 89 90 M000247 19.95 23.9 0.089 0.008 33.9 11.9
08RCMM003 90 91 M000248 37 0.39 0.019 0.003 44.7 1.88
08RCMM003 91 92 M000249 30.4 12.3 0.022 0.019 32 10.4