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[Ferro-Alloys.com] The Board of Jupiter Mines Limited ('Jupiter') (ASX.JMS) has approved progressing the execution of the initial public offering ('IPO') of its Central Yilgarn Iron Ore ('CYIP') assets.

An IPO will crystallise value from the CYIP assets via a 3-pronged strategy: 1. Development of the Mount Mason DSO Hematite Project on a fast track basis; 2. A consolidation platform for growing the existing DSO resource base and 3. Explore creative options to advance the Mount Ida Magnetite Project in the mid-term, leveraging upon the existing rail and port infrastructure and the dwindling DSO resources in the Yilgarn.

• [Editor:tianyawei]