NEURIZER LTD — AGM Information 2009

Nov 18, 2009

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19 November 2009

By e-lodgement: ASX On-line

Manager Companies

Company Announcements Office

Australian Securities Exchange Limited

Dear Sir/Madam,

Marathon Resources Limited (ASX Code MTN)

Managing Director’s Address - Annual General Meeting 2009

I attach a copy of the presentation accompanying the address to be given by Dr Linley at the Company’s Annual General Meeting this morning.

Yours faithfully

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SM Appleyard Company Secretary Enc

Dr John G (Shad) Linley

Disclaimer

This presentation has been prepared by Marathon Resources Limited (Marathon) as a presentation of general information about Marathon's activities current at the date of the presentation.

It is prepared in good faith based on Marathon's own information and on data obtained from sources believed to be reliable.

It is provided in summary format and does not purport to be complete. Marathon therefore gives no warranties as to the accuracy, reliability or completeness of the information (except to the extent liability under statute cannot be excluded).

Certain statements in this presentation may constitute forward-looking statements. Such statements are inherently subject to uncertainties as they may be affected by a variety of known and unknown risks, variables and other factors which could cause actual values or results, performance or achievements to differ materially from anticipated results, implied values, performance or achievements expressed, projected or implied in the statements. Marathon gives no assurance that the anticipated results, values, performance or achievements expressed or implied in those forward-looking statements (if any) will be achieved.

The presentation is general in nature and is not intended as financial advice or an investment recommendation. Persons should obtain their own specific investment advice in respect of their particular needs, objectives and financial circumstances.

The presentation is proprietary to Marathon and is not to be used for any other purpose without Marathon's prior written consent.

Information in this presentation relating to:

Exploration Results have been compiled by Mr Brenton Newell B.App.Sc., Grad Dip App.Geol (SAIT), a part-time employee of Marathon Resources Ltd and a Member of the Australian Institute of Geoscientists and Dr Phung Nguyen B.Sc (Hons), PhD (Uni.WA.), a part-time employee of Marathon Resources Limited, and a Member of the AusIMM.

The Mt Gee Mineral Resource Estimate was based on information compiled on behalf of Marathon by Tony Marshall B.Sc (Hons) Uni.Melb., a Member of the AusIMM. At the relevant time, Tony Marshall was Principal Geologist with SMGC and a full-time employee of that company.

Dr Nguyen and Messrs Newell and Marshall respectively have sufficient experience relevant to the style of mineralization and type of deposit under consideration, and to the activity which each is undertaking, to each 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”. Dr Nguyen and Messrs Newell and Marshall respectively consent to the inclusion in this release of the statements based on the information in the form and

Location of Mt Gee Project EL4355

Key deposits

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EL 4355
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EL4355 and Regional Geology

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Exploration tenement EL 4355
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The importance of EL 4355

• Mt Gee deposit is the 5[th ] largest undeveloped uranium deposit in Australia and is open to the northeast, east and southeast

• The Armchair deposit is “open” on strike and down dip

• Hodgkinson deposit is a small but high grade and “open” at depth

• A new geological exploration model has identified mineralised zones that need to be drilled

Mt Gee Ore Resource Table*

• Since 2005, Marathon Resources have drilled 45 diamond holes and 75 RC holes

Year	Category	Tonnes (Mt)	Grade U3O8 (ppm)	Tonnes U3O8 kt
2007	Indicated	3.1	717	2.2
	Inferred	39.7	622	24.7
	Total	42.8	629	26.9
2008	Indicated	4	706	2.8
	Inferred	47	607	28.5
	Total	51	615	31.3

Ore Block Model – Looking Northwest

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Mt Gee
Mt Gee East
Mt Gee West
200m U3O8 (ppm)
200m
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Mt Gee Resource Extension Potential
Potential ore block
6655500 N
SECTION 6655200N
Potential ore
block
Potential
ore block
N
6654500 N
630m
Potential ore block
SECTION 2
SECTION 3
SECTION 1
SECTION 4
SECTION 5
SECTION 6
340500 E 341500 E
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Mt Gee Cross Section 1

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SOUTHWEST NORTHEAST
500RL
9.2m @ 892ppm
23m @ 967ppm
10m @ 845ppm
7m @ 1092ppm
16m @ 700ppm
13m @ 960ppm
300RL 10m @ 1098ppm
41m @ 792ppm Open to the northeast
30m @ 477ppm
200m
MN57
MN018
MN106
MN015
MG061
MG081A
MG045MG029
MN031
GE52
SECTION
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Mt Gee Cross Section 2

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SOUTHWEST NORTHEAST
500RL
42m @ 610ppm
4.6m @ 883ppm
9.2m @ 966ppm
26m @ 373ppm
32m @ 795ppm
6m @ 595ppm
Open to the northeast
15m @ 987ppm
300RL
43m @ 771ppm
30m @ 1205ppm
41m @ 718ppm
36m @ 997ppm
200m
PD99GE006
MN026
MG084
MG035
MN385
MN095
MN097
MN022
MG055
MN047
MG051
MG066
MG033
MG046
MG034
SECTION
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Mt Gee Cross Section 3
SOUTHWEST NORTHEAST
500RL
27m @ 535ppm
46m @ 968ppm
9m @ 525ppm
100m @ 675ppm
300RL
53m @ 1000ppm
42m @ 1003ppm
66m @ 1322ppm Open to the northeast
200m
MG096
MN053
MG092
MN098
MN39
MG105
MG102
PD91GE33
MN049
SECTION
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Mt Gee Cross Section 4

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SOUTHWEST NORTHEAST
9m @ 1050ppm
500RL
26m @ 607ppm
45m @ 774ppm
30m @ 1150ppm
13m @ 492ppm
24m @ 475ppm
300RL
Open to the northeast
PD99GE004
MN041MG103BMN042
MN043
MG131A
PD99GE005
PD99GE002
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200m

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Mt Gee Cross Section 5
SOUTHWEST NORTHEAST
500RL
17m @ 358ppm
Open to the
11m @ 514ppm northeast
22m @ 300ppm
300RL
22m @ 655ppm
3m @ 876ppm
23m @ 490ppm 12m @ 417ppm
23m @ 818ppm
16m @ 783ppm
28m @ 811ppm
14m @ 460ppm
MN085
MN071
MN012MN094
PD91GE35
MN076MN075 MN077MN108PD91GE25
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200m

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Mt Gee Cross Section 6
SOUTHWEST NORTHEAST
500RL
Open to the southwest
Open to the
300RL
northeast
8m @ 700ppm
55m @ 709ppm
67m @ 440ppm
51m @ 1388ppm 20m @ 875ppm 19m @ 440ppm
35m @ 558ppm 65m @ 810ppm
12m @ 1057ppm
200m
MN072
MN115
MN065MN064MN070
MGD151 MG096 MN111DD92GE53MN068 DD92GE49
MN069
DD92GE51
SECTION
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Mt Gee Long Section 6655200N

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WEST 1 2 3 4 5 6 EAST
600RL
23m@967ppm
16m@774ppm
58m@1486ppm
66m@1322ppm Open to the east
54m@1578ppm
72m@442ppm
95m@389ppm
200RL 28m@811ppm
25m@749ppm
55m@712ppm 36m@562ppm
200m
Proterozoic Granite Hematite Breccia Mineralization (U3O8) Mt Gee Unit Pebble dyke
PD99GE02
DD92GE33DD92GE38DD92GE46A
PD99GE03
MN032MG090 MG006MN048 MN091MN092
MG029 MG033
MN080 MN107MN077
DD92GE48MN073 DD92GE53 MN061MN062
340200E 340600E 341000E
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Australian Uranium Deposits & Prospective Mines Mt Gee current

300,000,000

Contained 250,000,000 U3O8 lb 200,000,000 150,000,000*

100,000,000

50,000,000

• reserves, measured resources, indicated resources and inferred resources combined

0

Heli Magnetic and Radiometric survey

Mt Gee Radiometric Survey 2009 (U)

N

Mt Gee Magnetic Survey 2009

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N
2 km
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SHEARADEAN MAPPING AREA

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Migmatite
Pegmatite
K-Feldspar Radium Creek
altered granite
metamorphic
Shearadean mineralised
shear zone with high assay reading
Terrapina granite
N
200m
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SHEARADEAN PROSPECT (URANIUM ) WITH STACKED PROFILES

N

1

SHEARADEAN STACKED PROFILES

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Profile 2
Profile 1
500 600
500
600
300 300 200
200
Profile 3 Profile 4
500 600 500
600
300 200 300
200
CPS
CPS
DTM (m)
DTM (m)
CPS CPS
DTM (m) DTM (m)
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SHEARDAVA MAPPING AREA

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Mt Neil
granite
Mineralised shear zone
with high assay reading
Old working
Biotite schist
Goethitic-hematitic
brecciated granite
Breccia
N
Radium Creek
metamorphic
200m
Q-f gneiss
Terrapina granite
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SHEARDAVA PROSPECT (URANIUM ) WITH STACKED PROFILES

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N
200m
1 2 3 4
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SHEARDAVA STACKED PROFILES

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Profile1: 344 500E Profile2: 344 600E
600 600 600 600
400 200 400 200
Profile3: 344 750E Profile4: 344 850E
600 600 600 600
400 200 400 200
CPS CPS
DTM (m) DTM (m)
CPS CPS
DTM (m) DTM (m)
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Proposed Management Zones

N

Field program for 2009-2010

N

Marathon Resources

Office: 235 Port Road, Hindmarsh SA 5007, Australia Postal: PO Box 566, Hindmarsh SA 5007, Australia Tel: +61(0)8 8348 3500 Fax: +61(0)8 8346 8111 www.marathonresources.com.au