VYSARN LIMITED — AGM Information 2009

Nov 29, 2009

MOVING INTO PRODUCTION

AGM Presentation Macquarie Harbour Mining Limited ABN: 41 124 212 175 November 2009

MHM…

shareholder wealth in the short, medium and long term

Acquisition of income generating aluminium business by end of CY2009, to minimise shareholder dilution and ensure company is well positioned to capitalise on resource industry recovery

expertise: benefits of lateral multi-disciplinary approaches to minimise costs and maximise returns

Introduction

Listing Date 14 December 2007, with $5.5M raised

~70.0M Shares on Issue (MHM) and ~27.0M Options (MHMO)

Underwritten Rights Issue in progress to raise additional $3.5M by issuing 17.5M shares Current share price $0.285 (market cap ~$20.0M), 52-week range $0.45 – $0.02 Cash at 30 September 2009 ~ $5.1M Top twenty shareholders control 39.7% voting rights

Directors and Senior Management

Basil Conti FCA FCIS FTIA, Chairman

A CPA with over 35 years experience in corporate governance and management with ASX-listed and private enterprise corporations.

Frank Rogers, Managing Director

Forty years experience in process engineering, mining, exploration and public company management.

Ben Mead B.Ec, Executive Director

Diverse commercial management and business development experience in Australia, United Kingdom and the United States.

Peter Robertson B.E. (Met) MBA, Non-Executive Director

A metallurgist with extensive experience in process development and engineering in the aluminium industry.

Dr. Neil Allen B.Sc PhD, Non-Executive Director

A mineral physicist with extensive exploration and mineral dressing experience in Tasmania.

John Richardson B.Sc MAIG, Chief Geologist

Mr Richardson was previously employed as Senior Geologist with Mount Isa Mines, and has diverse exploration experience in Australia, Chile, Iran, Khazakstan and Libya

Primary Projects

Aluminium Salt Slag Recovery Project

Application of a proprietary technology to process waste from the secondary aluminium industry - results in previously landfilled material being processed into valuable commodities of aluminium (10-20%), salt (50%) and non-metallic product (‘NMP’) or aluminium oxide (30-40%). Project will generate immediate income for MHM with significant long term growth opportunities to expand the process globally.

Sorell Silica Project

MHM owns three areas of of high purity quartzite silica ideally suited to the production of silicon metal. Advanced off take and project development parameters under discussion. Project has medium and long term income potential and will insulate company from cyclical fluctuations of commodity pricing. Strategic commodity of increasing demand due to high-tech and renewable energy applications.

Aluminium Project

Finalising agreement to purchase processing facility to be upgraded

MHM obtaining exclusive rights to associated proprietary technology

drafting under mutually agreeable terms

Anticipated project gross revenues of $19.0M per annum with nett income of $14.0M per annum. Operating model largely insulates Company from fluctuations in the aluminium price. MHM’s share initially 60% with option to acquire balance under independent valuation

Acquisition to be completed prior to end Q4 2009, full capacity expected to be achieved Q2 2010

plants to be located in the United States

Project Background

Working with the aluminium industry since 1998 to resolve issues concerning disposal of aluminium Salt Slag (SS), a by-product of secondary smelting operations

without a viable solution. Salt Slag designated as ‘hazardous’ in Australia and Europe as material can leach ammonia and heavy metals

material and converts to three valuable commodities; aluminium metal, salt and aluminium oxide (‘NMP’)

MHM negotiating to acquire processing facility, rights to technology, processing contracts and landfill containing 160,000 tonnes of material including at least 16,000 tonnes of aluminium

Future Strategy

USA market potential

Once a plant has demonstrated the viability of the ALNAK technology on a commercial scale, MHM will seek expansion opportunities in the USA.

Around 1 million tpa of Salt Slag is produced in the USA (25,000 tpa produced in Australia).

MHM has received keen interest in two processing facilities in North America with a combined capacity of 400,000 tpa.

Europe expansion opportunity

MHM has had a number of discussions with a major European secondary aluminium producer in relation to the opportunity of entering the European market.

The European secondary aluminium producer will also introduce further expansion opportunities to MHM.

NMP processing

MHM to acquire the exclusive rights to a technology under development for the conversion of NMP into aluminium metal. In Australia, over 50,000 tpa of NMP is produced, which would produce nearly 25,000 tonnes of aluminium metal with a value of $50.0M at today’s prices. USA produces 10 times the volume of NMP produced by Australia.

SPL processing

MHM to acquire the exclusive rights to a technology under development to process Spent Pot Lining (‘SPL’) into valuable commodities.

Australia produces 38,000 tonnes of Spent Pot Lining per annum while USA produces some 230,000 tonnes. The process to be used by MHM converts SPL into carbon, fluorine products and refractories for reuse in the aluminium industry

The revenue potential from the treatment of SPL is substantial

Silica Project

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Introduction

Silicon metal is a strategic high-tech commodity: applications in the production of photovoltaic cells, computer chips and diverse range of products that increase efficiency and reduce energy consumption

Demand for silicon metal increasing exponentially due to high-tech and renewable energy applications of the commodity

Advanced stages of off take negotiation and project development with multi-national chemical company

Sorell Silica Project Comalco (now Rio Tinto Aluminium) delineated four vast project areas ideally suited to silicon metal production, significant potential to upgrade both purity and tonnage.

Unique “world-class” deposit with respect to magnitude and purity

Silica displays excellent thermal stability and mechanical strength - critical factors in suitability for use to produce silicon metal

subject to positive news regards potential offtake

Maydena Silica Project Previously mined as feedstock for silicon metal

Excellent proximity to infrastructure (road, rail), minimal environmental issues

Marrawah Silica Project Excellent reported purity and tonnage potential

Adjacent to sealed roads, excellent proximity to international ports

Offtake Discussions�

MHM is conducting offtake discussions with three parties at various stages of development. Samples have been provided to two of these parties and the results have been highly encouraging.

It was reported recently by the Mercury Newspaper that one Company, Wacker Chemie AG is considering development of silicon smelter in Tasmania. Whilst MHM cannot confirm or deny the rumors it can confirm that Wacker is one of the parties in discussion.

five continents and ~15,000 employees

2008 sales of €4.3 billion, EBITDA of €1.05 billion

World-leader in production of silicon metals for chemical applications, silicon wafers for the semiconductor industry and a major producer of hyperpure polysilicon used in the photovoltaic solar energy market

Decision to proceed reported to be Q1 2010 (Examiner Newspaper, Nov 2009)

Silicon smelting in Tasmania

Silicon metal is produced when silica is smelted with carbon to produce silicon

Essentially three tonnes of silica together with one tonne of charcoal or low-ash, low-sulphur coal are smelted using ~12MW electricity to produce one tonne of silicon metal

This silicon metal is then further processed and utilised in a variety of ways from computer circuitry to solar panels to construction materials and cosmetic products

Tasmania is a premier global location for such a silicon smelter:

• World-class quartzite with respect to purity and magnitude

• 100% renewable energy available the process (hydro-electric power)

 Charcoal produced by the collection of forest waste: at present this forest-waste is burnt in ‘post harvest operations’. No further beneft is derived from this waste, and post harvest burns can cause localized air quality problems. A silicon smelter could utilise a signifcant proportion of this waste, with charcoal produced in a closed-loop operation with signifcantly reduced emissions. The waste heat from the process could also be used to generate additional renewable electricity.

Ongoing Exploration

MHM has commenced ramp-up of exploration for gold, nickel, copper and polymetallics on existing project areas

MHM project areas contain a diversity of rock types including the highly prospective Mt Read Volcanics with structural complexity of a type that augers well for mineral discovery.

 Pelias Cove – contains observed outcropping copper mineralisation, significant quantities of coarse gold present in panned heavy concentrates. Fault breccia and silica flooding intersected in drilling are promising indications of a primary gold source.

 North Butler Creek – extensive outcrop with disseminated pyrite and accompanied by significant alluvial gold. Carbonate-silica-pyrite-sericite pervasive within a volcanic-sedimentary sequence.

 Hill 99 – outcropping massive iron sulphide. Sulphide gossan float with highly chloritised rocks and coincident copper and zinc soil anomaly over 400m strike length. The target contains an extensive alteration package of the type that hosts the Henty gold and Hellyer zinc mineralisation.

Ongoing Exploration

The Company also plans to conduct geophysical analysis (VTEM) of the province, covering some 300km[2] . Targets including:

• Hibbs Ultramafic Belt, a 25km province that hosts nickel sulphide and PGM mineralization

• with recorded occurrences at periodic intervals along the 25km structure.

• King River VHMS structure

• Pelias Creek, Butler Creek and Hill 99 gold structures

experience (>10 years) in gold and base metal exploration in similar geological settings to those on MHM’s tenements.

Conclusions

Completion of aluminium acquisition prior to end CY2009

Aluminium Project has gross revenue potential of $19.0M pa with nett profits of $14.0M pa

Silica project has potential to generate returns in perpetuity

Simple mining and processing operation

projects held within existing exploration areas

committed to generating prosperity for all Shareholders in the short, medium and long term

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Macquarie Harbour Mining Ltd 52 Channel Highway Kingston TAS 7050 Ben Mead p. +613 6229 9955 m. +614 1735 1505 www.mhml.com.au

Disclaimer

This document has been prepared by Macquarie Harbour Mining Limited (“MHM” or the “Company”). It should not be considered as an offer or invitation to subscribe for, or purchase any, securities in the Company or an as inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation.

This presentation contains forecasts, projections and forward looking information. Such forecasts, projections and information are not a guarantee of future performance and involve unknown risks and uncertainties, many of which are out of MHM’s control. Actual results and developments may differ materially from those expressed or implied. To the maximum extent permitted by applicable law, MHM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no liability for (1) the authenticity, validity, accuracy, suitability or completeness of, or any errors or omissions from, and information, statement or opinion contained in this presentation and (2) without prejudice to the generality of the foregoing, the achievement or accuracy of any forecasts, projections or other forward looking information contained within this presentation.

Throughout this presentation all figures are quoted in A$ unless otherwise stated. You should not act in reliance on this presentation material. This overview of the Company does not purport to be inclusive or contain all information that recipients may require in order to make an informed assessment of MHM’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of this information, statements and opinions contained in this presentation before making any investment decision.

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for further information see www.mhml.com.au