NEURIZER LTD — Interim / Quarterly Report 2013

Jan 30, 2013

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31st January 2013

COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN SECURITIES EXCHANGE

ASX CODE MTN QUARTERLY ACTIVITY REPORT

Period - 1st October 2012 to 31st December 2012

Marathon Resources Limited (ASX: “MTN”) presents its Activity Report for the Quarter ending 31[st] December 2012.

Refining Marathon’s broad business direction has been a key focus of the Board and management in recent months, and has included identifying opportunities that match the Company’s intended business plans for the future.

As noted in the last quarterly report, Marathon’s historical core business was centred on the identification and potential development of uranium in South Australia for export and as an important source of energy for electricity production. The uranium market is still recovering from the impact of Fukushima, and despite prospects appearing bright in the longer-term, Marathon does not consider the political and social factors sufficiently strong to warrant further investigation and investment in the uranium industry at this time.

Mineral exploration continues to be the core focus for Marathon, and in response to numerous requests from exploration companies, your Company is investigating some exciting prospects within Australia.

MEDIA CONTACT :

Peter Williams Chairman Marathon Resources Limited (08) 8348 3500

John Field Managing Director Field Public Relations (08) 8234 9555 0418 819 527

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Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 01/07/96. Origin: Appendix 8. Amended 01/07/97, 01/07/98, 30/9/01,01/06/10. 17/12/10

Name of entity

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Marathon Resources Limited
ABN Quarter ended (“current quarter”)
31 107 531 822 31 December 2012
Consolidated statement of cash flows
Current Year to date
Cash flows related to operating activities quarter ( 6 months)
$A’000 $A’000
1.1 Receipts from product sales and related debtors
1.2 Payments for (a) (1) Exploration & evaluation
(b) (1) Administration (341) (638)
(2) Rent/insurance (42) (125)
(3) New business
(a)Development (150) (234)
(b)Due diligence (112) (112)
(4) Office relocation (24)
1.3 Dividends received
1.4 Interest and other items of a similar nature received 78 84
1.5 Interest and other costs of finance paid
1.6 Income taxes paid
1.7 Other (provide details if material)
Net Operating Cash Flows (567) (1,049)
Cash flows related to investing activities
1.8 Payment for purchases of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.9 Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.10 Loans to other entities
1.11 Loans repaid by other entities
1.12 Other (provide details if material)
- -
Net investing cash flows
1.13 Total operating and investing cash flows (carried
forward) (567) (1,049)
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• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(567)	(1,049)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other –(Provide details if material) Net financing cash flows
	-	-
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter	(567) 6,230	(1,049) 6,712
	5,663	5,663

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		121
		-
1.25	Explanation necessaryforanunderstanding ofthe transactions

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

Nil

• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

Nil

Financing facilities available

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000
	Nil
	Nil

Estimated cash outflows for next quarter

4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration	$A’000
	150
	-
	-
	350
Total	500

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as	Current quarter	Previous quarter
shown in the consolidated statement of cash	$A’000	$A’000
flows) to the related items in the accounts is as
follows.
5.1 Cash on hand and at bank	37	39
5.2 Deposits at call	5,626	6,131
5.3 Bank overdraft	-	-
5.4 Other –deposit release on surrender of government guarantee	-	60
Total: cash at end of quarter(item 1.22)	5,663	6,230

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
		At 31th Dec 2012 Company no longer holds any interest in any exploration tenements
		As above

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

dates.
	Total number	Number quoted	Issue price per security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs	92,207,789	92,207,789
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted	N/A
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter	1,000,000 490,000 50,000 500,000 750,000 750,000	- - - - - -	Exercise Price On Issue 1.10 0.34 0.75 0.876 1.25 1.75 After Rights Issue 1.077 0.317 0.727 0.853 1.227 1.727	Expiry date 28.12.2014 15.10.2013 15.10.2013 01.11.2013 01.11.2014 01.11.2015
	-	-	-	-
	-	-	-	-

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

7.10 Expired during quarter	-	-
7.11 Debentures (totals only)	-
7.12 Unsecured notes(totals only)	-

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

• 2 This statement does / ~~does not~~ * (delete one) give a true and fair view of the matters disclosed.

Sign here: ............................................................Date:31 January 2013 ... (Company secretary) Print name: Stuart Appleyard

Notes

• 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

• 2 The “Nature of interest”(items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

• 4 The definitions in, and provisions of, AASB 6: Exploration for Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

• 5 Accounting Standards ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

• See chapter 19 for defined terms.

Appendix 5B Page 5

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