I have this working on a Mac Mini 2012 too with Windows 8.1, Bootcamp 5.1.5621 drivers and an AOC U2868 display 3840 x 2160 at 30Hz. This is using the Mac Mini's Mini DP port. The Mac Mini HDMI appears limited to 1920 x 1080 maximum resolution.
It does have an option for 24Hz which works too at 4k, but whether that's really 24Hz or the cinema frame rate I don't know.
*** Special note! Be aware that the current Intel graphics drivers that Windows Update tries to install by default (10.18.10.3621) will break 4K and limit you to 1920 x 1080. Make sure that you use the driver from Bootcamp 5.1.5621 (Intel driver version 9.17.10.3347).
Irritatingly, if you have the default Windows Update settings switched on it'll revert your drivers every day as an "Important Update":
Intel Corporation - Graphics Adapter WDDM1.1, Graphics Adapter WDDM1.2, Graphics Adapter WDDM1.3 - Intel(R) HD Graphics 4000
Update type: Important
Intel Corporation Graphics Adapter WDDM1.1, Graphics Adapter WDDM1.2, Graphics Adapter WDDM1.3 software update released in May, 2014
You must set Windows Update settings to allow you to choose which items to install and remember to uncheck this each time you do a Windows Update.
This driver works at 4k (9.17.10.3347):
The driver doesn't work at 4k (10.18.10.3621):