Marathon Resources Ltd

Published : April 22nd, 2015

Update ARPTriEnergy Acquisition

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Keywords :   Australia | Market | Oil | Standard Oil |

Update ARPTriEnergy Acquisition

ASX MTN_Shareholder update 22 April 2015 (2)

T +61 (0)8 8348 3500

F +61 (0)8 7225 6990

ABN 31 107 531 822

TO: ASX COMPANY ANNOUNCEMENTS OFFICE

Wednesday 22 April 2015
ASX Code: MTN

Marathon updates market - ARP TriEnergy acquisition

Marathon Resources Limited ("Marathon") refers to previous advice to the market of its proposed acquisition of ARP TriEnergy Pty Ltd ("TriE") which owns the Leigh Creek Energy Project ("LCEP").

Shareholder Approval

As also advised, an Extraordinary General Meeting (EGM) of Marathon shareholders is to be convened to seek shareholder approval of the acquisition of TriE and associated transactions, as required for a number of purposes under the Corporations Act and ASX Listing Rules.
Marathon last advised the market it anticipated the EGM would be held in mid to later May
2015.
Marathon has settled the Notice of Meeting and associated explanatory materials with regulatory authorities, and the current timeline for dispatch of the Notice of Meeting is Monday 27 April 2015 with the EGM to be held Wednesday 27 May 2015.

The LCEP Project

The LCEP is located at Leigh Creek in central South Australia approximately 550km north of Adelaide, over and around the existing coalfield (which is owned and operated by Alinta Energy). The LCEP is contained within the recently granted PEL 650, itself contained within the area of PELA 647 (both held by TriE). The LCEP proposes to develop an In Situ Gasification (ISG) process at depth (300m - 1,500m) using standard oil industry technologies, such as directional drilling.

Conclusion

The Board of Marathon has examined many projects throughout Australia and overseas and believes the LCEP offers an exciting prospect to develop a significant energy company in the future. The Board looks forward to the pending EGM date and providing shareholders with documentation ahead of voting regarding the acquisition of TriE and other related matters.

Media Contacts:

Mr Peter Williams Mr John Field Chairman Managing Director Marathon Resources Limited Field Public Relations (08) 8348 3500 (08) 8234 9555
(0) 418 819 527

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Marathon Resources Ltd

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CODE : MTN.AX
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Marathon Resource is a gold and copper exploration company based in Australia.

Its main exploration properties are GLENDAMBO, BLANCHETOWN, WESTERN VICTORIA - MOYSTON, EASTERN VICTORIA, KALYMNA and MT GEE in Australia.

Marathon Resource is listed in Australia and in Germany. Its market capitalisation is AU$ 16.6 millions as of today (US$ 12.0 millions, € 10.5 millions).

Its stock quote reached its highest recent level on June 29, 2007 at AU$ 6.98, and its lowest recent point on October 18, 2013 at AU$ 0.01.

Marathon Resource has 92 210 000 shares outstanding.

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Project news of Marathon Resources Ltd
1/31/2012Marathon Resources quarterly
Corporate news of Marathon Resources Ltd
7/31/2015Quarterly Activities and Cashflow Reports
7/29/2015Notice of General Meeting/Proxy re Change of Name
7/14/2015Investor Presentation
7/10/2015Change of Address and Contact Details
7/3/2015Marathon Updates Market on Relisting
7/1/2015Form 604 Substantial Holder Change of Interest
4/27/2015Notice Of Extraordinary General Meeting/Proxy Form
4/22/2015Update ARPTriEnergy Acquisition
4/8/2015Response to Price Query Letter
3/18/2015Form 603 Initial Substantial Holder Notice - Revised
3/18/2015Form 604 Change of Interest of Substantial Holder
3/17/2015Marathon Informs Market of ARP TriEnergy Share Sale
3/3/2015Marathon Signs Share Sale Agreement to Acquire LCEP
2/11/2015Half Year Accounts
1/12/2015Leigh Creek Energy Project Acquisition
12/2/2014Initial Director's Interest Notice
12/1/2014Marathon announces Farm In to Leigh Creek Energy Project
11/25/2014Final Director's Interest Notice
11/20/2014Chairmans Address to Shareholders
11/20/2014AGM Results
11/1/2014Quarterly Activity & Cashflow Statement July - September 201...
10/25/2013contact re Bentley bid
3/21/2011Rights issue Shortfall
10/29/2009ASX release Quarterly Activity and cashflow reports
10/21/2009accepts SA Govt offer of new exploration licence
9/16/2009Marathon survey details uranium anomalies at Mt Gee, SA
7/23/2009Quarterly activities report
7/7/2009Revised letter to Shareholders and details of CEO remunerati...
1/29/2009December quarterly report
11/28/2008ASX announcement - Marathon Resources' 2008 AGM results
1/31/2008Quarterly Activity Statement and Appendix 5B
11/29/2007Grows to 3.54 million ounces of PGM and gold, 4.75 million o...
10/22/2007discovers additional mineralization outside current resource...
7/2/2007Final Assey Results from Recent Drilling Program
5/9/2007ANNOUNCES ADDITIONAL SIGNIFICANT URANIUM INTERCEPTS AT MT GE...
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