NEOMETALS LTD — Director's Dealing 2009

Dec 8, 2009

Reed Resources Ltd

ABN 89 099 116 631

97 Outram Street West Perth WA 6005 Tel: + 61 8 9322 1182 Fax: + 61 8 9321 0556

9 December 2009

Company Announcements Office ASX Limited via Electronic Lodgement

Dear Sirs

APPENDICES 3B and 3Y's

The Company wishes to advise that, following approval of its shareholders at its annual general meeting on 26 November 2009, the Company granted, in aggregate, 5,350,000 unlisted options to directors of the Company.

Please find attached an Appendices 3B and 3Y's in respect of the above issue of options.

Yours faithfully

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Jason Carone

COMPANY SECRETARY

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Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

Reed Resources Ltd ABN 89 099 116 631

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Unlisted options exercisable at $0.80 each
	5,350,000
	Unlisted options to acquire one fully paid ordinary share per option with each option having an exercise price of $0.80. With 4,500,000 options exercisable on or prior to 31 December 2012 and 850,000 options exercisable on or prior to 31 December 2013.

• See chapter 19 for defined terms.

Appendix 3B Page 1

09/12/2009

Appendix 3B New issue announcement

4 Do the[+] securities rank equally in all N/A respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state:  the date from which they do  the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment  the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Unlisted options issued for nil consideration. 6 Purpose of the issue Incentive provided to the directors of the Company, (If issued as consideration for the as approved by the Company’s shareholders at the acquisition of assets, clearly identify Company’s annual general meeting held on 26 those assets) November 2009. 7 Dates of entering[+] securities into Immediately upon allotment. uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 171,660,337 Ordinary fully paid +securities quoted on ASX ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

Appendix 3B Page 2

09/12/2009

Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable)	Number	+Class
	1,000,000 2,700,000 2,500,000 1,600,000 1,800,000 1,333,333 1,850,000 4,500,000 850,000	Unlisted options at $0.50 each, expiry 01/07/2010 Unlisted options at $0.75 each, expiry 30/06/2011 Unlisted options at $0.78 each, expiry 31/12/2009 Unlisted options at $0.80 each, expiry 31/12/2013 Unlisted options at $0.85 each, expiry 31/12/2012 Unlisted options at $1.08 each, expiry 30/06/2010 Unlisted options at $1.20 each, expiry 30/06/2013 Unlisted options at $0.80 each, expiry 31/12/2012 Unlisted options at $0.80 each, expiry 31/12/2013

• 10 Dividend policy (in the case of a No change in existing policy. trust, distribution policy) on the increased capital (interests)

Part 2 - Bonus issue or pro rata issue

• 11 Is security holder approval N/A required?

• 12 Is the issue renounceable or nonN/A renounceable?

• 13 Ratio in which the[+] securities will N/A be offered

• 14 +Class of +securities to which the N/A offer relates

• 15 +Record date to determine N/A entitlements

• See chapter 19 for defined terms.

Appendix 3B Page 3

09/12/2009

Appendix 3B New issue announcement

16 Will holdings on different registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements in relation to fractions 18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable)	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

Appendix 3B Page 4

09/12/2009

Appendix 3B New issue announcement

29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker? 31 How do+security holders sell_part_ of their entitlements through a broker and accept for the balance? 32 How do+security holders dispose of their entitlements (except by sale through a broker)? 33 +Despatch date	N/A
	N/A
	N/A
	N/A
	N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a)[Securities described in Part 1 ] (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36[If the ] +securities setting out the number of holders in the categories[+][securities are ][+][equity securities, a distribution schedule of the additional ] 1 - 1,000 1,001 - 5,000

• See chapter 19 for defined terms.

Appendix 3B Page 5

09/12/2009

Appendix 3B New issue announcement

5,001 - 10,000 10,001 - 100,000 100,001 and over 37[A copy of any trust deed for the additional ][+][securities ]

Entities that have ticked box 34(b)

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38 Number of securities for which N/A
+quotation is sought
39 Class of +securities for which N/A
quotation is sought
40 Do the [+] securities rank equally in all N/A
respects from the date of allotment
with an existing [+] class of quoted
+securities?
If the additional securities do not
rank equally, please state:
 the date from which they do
 the extent to which they
participate for the next dividend,
(in the case of a trust,
distribution) or interest payment
 the extent to which they do not
rank equally, other than in
relation to the next dividend,
distribution or interest payment
41 Reason for request for quotation N/A
now
Example: In the case of restricted securities, end of
restriction period
(if issued upon conversion of
another security, clearly identify that
other security)
Number +Class
42 Number and [+] class of all [+] securities N/A N/A
quoted on ASX ( including the
securities in clause 38)
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• See chapter 19 for defined terms.

Appendix 3B Page 6

09/12/2009

Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

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Sign here: ............................................................ Date: 9 December 2009 Company Secretary

Print name: Jason Carone

== == == == ==

• See chapter 19 for defined terms.

Appendix 3B Page 7

09/12/2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Reed Resources Ltd ABN 89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	David John Reed
Date of last notice	8 October 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	C. Trucking Nominees Pty Ltd Director/Secretary Shareholder
Date of change	8 December 2009
No. of securities held prior to change A. David John Reed B. Judith Mary Reed C. Trucking Nominees Pty Ltd D.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund	9,019,149 Ordinary Fully Paid 127,034 Ordinary Fully Paid 727,034 Ordinary Fully Paid 11,877,034 Ordinary Fully Paid
Class	Unlisted Options at $0.80
Number acquired C. Trucking Nominees Pty Ltd	1,500,000
Number disposed	-

Appendix 3Y Page 1

09 December 2009

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change A. David John Reed B. Judith Mary Reed C. Trucking Nominees Pty Ltd D.Trucking Nominees Pty Ltd ATF D.J.Reed Superannuation Fund	9,019,149 Ordinary Fully Paid 127,034 Ordinary Fully Paid 727,034 Ordinary Fully Paid 1,500,000 Unlisted Options at $0.80 11,877,034 Ordinary Fully Paid
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options pursuant to Resolution 4, passed by shareholders at the Company's Annual General Meeting on 26 November 2009.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Appendix 3Y Page 2

09 December 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Reed Resources Ltd
ABN	89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Christopher John Reed
Date of last notice	8 October 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	D. Nickel Investments Pty Ltd Sole Director/Secretary Beneficiary of Trust E. Louron Exploration Pty Ltd Director/Secretary Shareholder G. Western Mining Corporation Pty Limited Sole Director/Secretary Shareholder
Date of change	8 December 2009

• See chapter 19 for defined terms.

Appendix 3Y Page 1

9 December 2009

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change A. Christopher John Reed B. Sonia Jean Reed C. Reekal Pty Ltd D. Nickel Investments Pty Ltd E. Louron Exploration Pty Ltd F. Gold Mines of Kalgoorlie Pty Ltd G. Western Mining Corporation Pty Limited	1,356,421 Ordinary Fully Paid 400,000 Unlisted Options at 50c 397,034 Ordinary Fully Paid 155,747 Ordinary Fully Paid 400,000 Unlisted Options at 50c 500,000 Unlisted Options at 75c 800,000 Unlisted Options at 85c 400,000 Unlisted Options at $1.20 100,000 Unlisted Options at 50c 200,000 Unlisted Options at 85c 200,000 Unlisted Options at $1.20 100,000 Unlisted Options at 50c 500,000 Unlisted Options at 75c Nil
Class	Unlisted Options at $0.80
Number acquired	D. 1,500,000 E. 500,000 G. 1,000,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

• See chapter 19 for defined terms.

Appendix 3Y Page 2

9 December 2009

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change A. Christopher John Reed B. Sonia Jean Reed C. Reekal Pty Ltd D. Nickel Investments Pty Ltd E. Louron Exploration Pty Ltd F. Gold Mines of Kalgoorlie Pty Ltd G. Western Mining Corporation Pty Limited

1,356,421 Ordinary Fully Paid 400,000 Unlisted Options at 50c 397,034 Ordinary Fully Paid 155,747 Ordinary Fully Paid 400,000 Unlisted Options at 50c 500,000 Unlisted Options at 75c 800,000 Unlisted Options at 85c 400,000 Unlisted Options at $1.20 1,500,000 Unlisted Options at $0.80 100,000 Unlisted Options at 50c 200,000 Unlisted Options at 85c 200,000 Unlisted Options at $1.20 500,000 Unlisted Options at $0.80 100,000 Unlisted Options at 50c 500,000 Unlisted Options at 75c 1,000,000 Unlisted Options at $0.80

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of unlisted options pursuant to Resolution 3, passed by shareholders at the Company's Annual General Meeting on 26 November 2009.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

• See chapter 19 for defined terms.

Appendix 3Y Page 3

9 December 2009

Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 4

9 December 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity Reed Resources Ltd ABN 89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director Peter Lionel Fleury Collins

Date of last notice 2 January 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Spouse
Date of change	8 December 2009
No. of securities held prior to change Peter Lionel Fleury Collins Pamela Maree Collins	285,705 Fully Paid Ordinary Shares 500,000 Unlisted Options – 75 c 200,000 Unlisted Options - $1.20
Class	Unlisted Options at $0.80
Number acquired	250,000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

09 December 2009

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Peter Lionel Fleury Collins Pamela Maree Collins	285,705 Fully Paid Ordinary Shares 500,000 Unlisted Options – 75 c 125,000 Unlisted Options - $0.80 200,000 Unlisted Options - $1.20 125,000 Unlisted Options - $0.80
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options pursuant to Resolution 5, passed by shareholders at the Company's Annual General Meeting on 26 November 2009.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

09 December 2009

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Reed Resources Ltd
ABN	89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Ian Courtney Junk
Date of last notice	8 October 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	B. Aurora Prospects Pty Ltd Director/Shareholder
Date of change	8 December 2009
No. of securities held prior to change A. Ian Courtney Junk B. Aurora Prospects Pty Ltd C. Aurora Prospects Pty Ltd	277,034 Ordinary Fully Paid 227,034 Ordinary Fully Paid 500,000 Unlisted Options at 75c 200,000 Unlisted Options at $1.20 277,034 Ordinary Fully Paid
Class	Unlisted Options at $0.80
Number acquired	250,000
Number disposed	-

• See chapter 19 for defined terms.

8 December 2009

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change A. Ian Courtney Junk B. Aurora Prospects Pty Ltd C. Aurora Prospects Pty Ltd	277,034 Ordinary Fully Paid 227,034 Ordinary Fully Paid 500,000 Unlisted Options at 75c 200,000 Unlisted Options at $1.20 250,000 Unlisted Options at $0.80 277,034 Ordinary Fully Paid
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of unlisted options pursuant to Resolution 6, passed by shareholders at the Company's Annual General Meeting on 26 November 2009.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

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Detail of contract
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change
----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

9 December 2009

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Reed Resources Ltd
ABN	89 099 116 631

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Steven Cole
Date of last notice	8 October 2009

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Gidleigh Pty Ltd Director/Secretary Shareholder
Date of change	8 December 2009
No. of securities held prior to change Gidleigh Pty Ltd	17,034 Ordinary Fully Paid 250,000 Unlisted Options at $1.20
Class	Unlisted Options at $0.80
Number acquired	350,000
Number disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change Gidleigh Pty Ltd	17,034 Ordinary Fully Paid 250,000 Unlisted Options at $1.20 350,000 Unlisted Options at $0.80

• See chapter 19 for defined terms.

09 December 2009

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Issue of unlisted options pursuant to Example: on-market trade, off-market trade, exercise of options, issue of Resolution 7, passed by shareholders at the securities under dividend reinvestment plan, participation in buy-back Company's Annual General Meeting on 26 November 2009.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

09 December 2009