widgiemooltha nickel project update

*Image of Jupiter’s magnetosphere as seen by NASA’s Cassini spacecraft – Courtesy of NASA/JPL/Caltech
JUPITER MINES LIMITED
ABN 51 105 991 740
Suite 1405, Level 14, 33 Bligh Street, SYDNEY NSW 2000 Tel: 02 9235 2755 Fax: 02 9235 2955
21st December 2006
The Manager
Company Announcements Office
Australian Stock Exchange Limited
Level 4, 20 Bridge Street
SYDNEY NSW 2000 Via ASX Online
Dear Sir,
Widgiemooltha Nickel Project Update
Jupiter is pleased to confirm its first fixed loop TEM response over conductor A is consistent with sulphide
mineralisation.
Yesterday Jupiter received its first two lines of data from its fixed loop (FL01) survey over conductor A (See
Figure 1) and is pleased to announce that the response is consistent with sulphide mineralisation.
Mineralisation in the vicinity of the Widgiemooltha dome is commonly associated with nickel Sulphides.
An RC drill-rig has been booked to commence testing the conductors in late January 2007 This drilling will
confirm the type of sulphides that are responsible for this response.
These first two lines are being repeated to confirm the response and over the next few days the data
received should give Jupiter a clear idea of the geometry of the target.
Additionally Jupiter has amended its model over conductor C and plans to extend the fixed loop (FL02) 100m
further east, which makes the loop 500m wide.
After the Christmas break Jupiter will re-commence the fixed loop TEM survey over the additional three
conductors and also complete the remaining moving TEM Squid survey over numerous target areas yet to be
covered.
For and on behalf of the directors of Jupiter Mines Limited
Robert Benussi
Company Secretary
Competent Person
The information in this announcement that relates to Exploration Results is based on information compiled by Mr
Jeremy Snaith who is a Member of the Australasian Institute of Mining and Metallurgy. Jeremy Snaith 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’. Jeremy Snaith consents to the inclusion in the
7announcement of the matters based on his information in the form and context in which it appears.