DOCSLIB.ORG

ANNUAL REPORT Marathon Resources Limited ACN 107 531 822 Annual Report 1St July 2012 to 30Th June 2013

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANNUAL REPORT Marathon Resources Limited ACN 107 531 822 Annual Report 1St July 2012 to 30Th June 2013 2013 MARATHON RESOURCES ANNUAL REPORT Marathon Resources Limited ACN 107 531 822 Annual Report 1st July 2012 to 30th June 2013 Corporate Directory Directors Auditors Peter Williams CHAIRMAN (NON-EXECUTIVE) Grant Thornton South Australian Partnership Chen Zeng NON-EXECUTIVE Chartered Accountants John G (Shad) Linley CHIEF EXECUTIVE OFFICER Level 1 67 Greenhill Road Christopher Schacht NON-EXECUTIVE Wayville SA 5066 Share Registrar Company Secretary Computershare Registry Services Pty Ltd Stuart Appleyard Level 5, 115 Grenfell Street Registered & Principal Business Office Adelaide SA 5000 Investor enquiries: 1300 556161 Unit 8 53-57 Glen Osmond Road International: +61 3 9415 4000 Eastwood SA 5063 Marathon Resources Limited Bankers National Australia Bank ABN 31 107 531 822 22-28 King William Street PO Box 181 Adelaide SA 5000 Fullarton SA 5063 Telephone: 08 8348 3500 Principal Lawyer Facsimile: 08 7225 6990 Watson Lawyers [email protected] Ground Floor 60 Hindmarsh Square Adelaide SA 5000 CONTENTS Corporate Directory __________________________________________________ 2 Chairman’s Address __________________________________________________ 4 Directors’ Report (including Director’s Review of Operations) _________________ 6 Corporate Governance Statement _______________________________________ 7 Director’s Declaration _______________________________________________ 19 Auditor’s Independence Declaration ____________________________________ 20 Independent Audit Report ____________________________________________ 21 Financial Statements ________________________________________________ 24 Notes to Financial Statements _________________________________________ 28 Shareholder Information _____________________________________________ 56 MARATHON RESOURCES LTD | ANNUAL REPORT 2013 | ACN 107 531 822 3 CHAIRMAN’S ADDRESS I am pleased to report to the shareholders of Marathon Resources Limited (“Marathon”) on activities for the year ended 30th June 2013. On behalf of the Board of Directors therefore, I present the Tenth Annual Report of the Company and outline the significant events that have occurred during the year and since year end which affect the direction of the Company. I have advised you previously of the unprecedented action taken by the South Australian Government (“SA Government”) in 2012 to preserve Arkaroola from mining forever. Marathon’s Mt Gee Exploration Lease EL 4355, in the Northern Flinders ranges area of South Australia expired in February 2012 and as a result of the SA Government’s proclamation to prevent exploration and mining in the area, including on our lease, exploration and development activities ceased. Consequently, Marathon was required to rehabilitate the exploration lease and exit the Mt Gee prospect. Settlement of the action taken by Marathon against the SA Government in the Supreme Court resulted in $5m compensation being received and all exploration and rehabilitation costs have now been written off. Marathon held in reserve all its investment in fixed assets required for exploration and has commenced during the 2013 year new programs for mineral exploration in South Australia. The year ended 30th June 2013 has been a difficult year generally in the mining industry and particularly in the exploration sector where small public companies have had funding issues. The deterioration of market capitalisations has meant that many companies have curtailed fund raising activities to avoid dilution of their capital bases. Risk capital in this industry has been hard to secure and the prospect of flow-through tax incentives is a welcome initiative. The cost and the scale of exploration and mine development are extensive and in some cases are prohibitive, and the decline in base metal prices has seen many projects held over or discarded. There has been activity in Western Australia in precious metals but the industry in South Australia remains very soft. There are several factors impacting on this: (i) The deferral by BHPB of the Olympic Dam expansion continues to affect employment directly in the sector and also service industries have declining prospects; (ii) Despite the protestations, sovereign risk is an issue for the State and investment particularly in uranium will take a long time to recover; (iii) Extensive and exhaustive regulatory approvals are disincentives to mining exploration. The cost of securing approvals over many Government Departments, each seeking elevated approval processes is bad enough; the time delays in meeting approvals has become a burden for the industry. Both Government and the bureaucracy need to direct substantial effort to encouraging an industry which is vital to the State’s future. The mining industry in SA is more likely to see investments from small to medium operators – not the major global players– and with SA’s vast geographic area and limited infrastructure, we will need to optimise investment in power, water, port and shipping facilities to enable reasonable economic growth to occur. Marathon has recently completed a respectful native title clearance and the company expected to meet the costs of this important part of our native title obligations. However there is community benefit in ensuring that native title responsibilities are spread widely and not only to the mining company initiating the survey. In our case the cost of completing the clearance could exceed the cost of the initial drilling program planned for the area. SA will struggle to attract exploration if up-front regulatory and licence costs and time delays, make the risks too great. 2013 Activities Marathon continued to examine opportunities for investment throughout the last 12 months and we have considered further investments after year end. In April 2013 our wholly-owned subsidiary Bonanza Gold Pty Ltd, entered into a farm-in arrangement with Australian Desalinated Water Pty Ltd which holds a portfolio of assets in SA and Victoria prospective for mineral sands and other minerals. We remain confident that the mineral sands prospects are good and will provide future value for shareholders. Subject to regulatory approvals drilling is expected to commence as soon as practicable at the Oakvale site where walk-up targets are ready for exploration. Other areas are presently being assessed for their commercial value. Our farm-in agreement provides for a release of those properties without further costs to, and commitment by, Marathon if the initial drilling is unsuccessful. In September 2013 Marathon entered into a farm-in agreement with SAEX Pty Ltd over the Walparuta project in the north east of SA. An airborne electromagnetic survey has been committed for October 2013 and anomalies for copper gold and other minerals appear encouraging. Drilling can commence on existing targets as soon as approvals are granted and the EM survey will be concluded by the end of October 2013. In addition to these projects Marathon has examined approximately 180 projects in Australia and overseas. Most have a risk profile which makes the cost or the nature of the operation unacceptable to us. The company has limited resources and we have avoided greenfields targets accordingly where substantial commitment of limited funds and resources was required. 4 MARATHON RESOURCES LTD | ANNUAL REPORT 2013 | ACN 107 531 822 During the year the company reduced overheads, terminated executive contracts and limited its scope of activities to analysing market opportunities. It is regretted that the operational personnel group was disbanded but the company could not afford to retain the level of past operating expenditure. As soon as investment discussions are progressed Marathon is confident that the required level of expertise and experience can be recruited. Conclusion The opportunities given to us this year have produced two good exploration prospects for the company to conduct cost effective and expeditious drilling programs. At the same time we have been able to analyse a number of major mineral and energy projects which may be appropriate investments for us. We are confident that transactions of value for investing in new mining projects can be made and we have the ability to move quickly. We have preserved our capital base, maintained good relations with major stakeholders and advisors and reduced our corporate overheads, all in preparation for new ventures. The dedication and commitment of the Board and staff during 2013 has been excellent and I commend them to you. Peter L Williams Chairman MARATHON RESOURCES LTD | ANNUAL REPORT 2013 | ACN 107 531 822 5 DIRECTORS’ REPORT The directors present their report on Marathon Resources Limited entity (“Group”) for the year ended 30 June 2013. DIRECTORS The names of the directors in office at any time during or since the end of the year are: Peter Williams (appointed 21.05.2004) Chen Zeng (appointed 27.12.2006) Christopher Schacht (appointed 24.01.2008) John G. Linley (appointed 30.06.2008) Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. INFORMATION ON DIRECTORS Peter Williams – Chairman (non-executive) BEc. FCA Appointed 21st May 2004 Peter Williams is a Chartered Accountant with extensive professional and commercial experience. He has broad experience as Managing Director and Chairman of public companies. He was a partner of Deloitte for 17 years and Managing Director of the Lloyd Helicopter group then Enterprise Solutions Asia Pacific Limited. Since then he has acted as a non-executive director of venture
Load more

Recommended publications
  • Asylum Seekers and Australian Politics, 1996-2007
    ASYLUM SEEKERS AND AUSTRALIAN POLITICS, 1996-2007 Bette D. Wright, BA(Hons), MA(Int St) Discipline of Politics & International Studies (POLIS) School of History and Politics The University of Adelaide, South Australia A Thesis Presented to the School of History and Politics In the Faculty of Humanities and Social Sciences for the Degree of Doctor of Philosophy Contents DECLARATION ................................................................................................................... i ACKNOWLEDGEMENTS .................................................................................................. ii ABSTRACT ......................................................................................................................... iii INTRODUCTION ................................................................................................................. v CHAPTER 1: CONCEPTUAL FRAMEWORK .................................................................. 1 Sovereignty, the nation-state and stateless people ............................................................. 1 Nationalism and Identity .................................................................................................. 11 Citizenship, Inclusion and Exclusion ............................................................................... 17 Justice and human rights .................................................................................................. 20 CHAPTER 2: REFUGEE ISSUES & THEORETICAL REFLECTIONS ......................... 30 Who
    [Show full text]
  • VOTES and PROCEEDINGS No
    1993 THE PARLIAMENT OF THE COMMONWEALTH OF AUSTRALIA HOUSE OF REPRESENTATIVES VOTES AND PROCEEDINGS No. 1 FIRST SESSION OF THE THIRTY-SEVENTH PARLIAMENT TUESDAY, 4 MAY 1993 The Parliament of the Commonwealth of Australia begun and held in Parliament House, Canberra, on Tuesday, the fourth day of May, in the forty-second year of the Reign of Her Majesty Queen Elizabeth the Second, and in the year of our Lord One thousand nine hundred and ninety-three. 1 On which day, being the first day of the meeting of the Parliament for the despatch of business pursuant to a Proclamation (which follows), Lyndal McAlpin Barlin, Clerk of the House of Representatives, Ian Charles Harris, Acting Deputy Clerk, Bernard Clive Wright, Acting First Clerk Assistant and Philip Francis Bergin, Serjeant-at-Arms, attending in the House according to their duty, the said Proclamation was read at the Table by the Clerk: PROCLAMATION I, WILLIAM GEORGE HAYDEN, Governor-General of the Commonwealth of Australia, acting in accordance with section 5 of the Constitution of the Commonwealth of Australia which provides, among other things, that the Governor-General may appoint such times for holding the sessions of the Parliament as he thinks fit, by this Proclamation: " appoint Tuesday, 4 May 1993 at 10.30 a.m. as the day and time for all Senators and Members of the House of Representatives to assemble at Parliament House; and * summon all Senators and Members of the House of Representatives to attend accordingly. Signed and sealed with the Great Seal of Australia on 21 April 1993 BILL HAYDEN Governor-General By His Excellency's Command PAUL KEATING Prime Minister No.
    [Show full text]
  • South Australian Uranium Energy for the World
    marathon resources limited annual report 2009 For personal use only For personal use only This report is printed on paper consisting of 100% post consumer waste, made with a carbon neutral manufacturing process. 02 04 08 16 Chairman’s Directors Review Directors Corporate Address of Operations Report Governance Statement 18 19 22 Auditors Independent Financial Independence Audit Statements Declaration Report 26 46 48 Notes to Shareholder Corporate Financial Information Directory Statements SOUTH AUSTRALIAN URANIUM ENERGY FOR THE WORLD For personal use only Annual Report 2009 | ACN 107 531 822 Marathon Resources LTD 1 CHAIRMAN’S ADDRESS This is the sixth Annual Report to shareholders of Marathon acknowledged that a greater expectation is required from Resources Limited (“Marathon”) and on behalf of your Board us as an explorer in the uranium industry. The major Policy of Directors I have pleasure in presenting to you a summary Paper we presented to shareholders and stakeholders in of activities undertaken by the Company in 2008/2009. August 2008 outlined the assessment of risk associated with uranium. Therefore, exploration activities in the The past year has seen the Company’s operations divided Paralana Mineral System on EL3258 will have mandatory into two parts: safety measures for the planning and implementation of (i) the first involved the rectification of our Mt Gee uranium exploration work as required for all operators in South project site (EL3258) following the suspension of the Australia. company’s drilling program by Primary Industries and In particular, the disposal of low-level radioactive materials Resources South Australia (PIRSA) in January 2008; and and mining samples and other loose materials and rubbish (ii) the second comprised Marathon embarking on a program must be done strictly in accordance with the requirements of of continuing exploration activities in South Australia and the appropriate authorities.
    [Show full text]
  • Multifunction Polis Concept, to Australia Its Failure
    20, í:; M ULTIFUNCTION POLIS LOST CITY OF OPPORTUNITY Coral Baines July 1999 This thesis is submitted to the Department of Politics, The University of Adelaide for the degree of Doctor of PhilosoPhY. ABSTRACT its possibilities and This thesis examines the Multifunction Polis concept, to Australia its failure. of primary concern is the proposal of the concept concept was the by the Japanese in 1987. The rationale for this original as the means promotion of twenty first century manufacturing industry thesis therefore is to revive economic growth. Part of the context of the 1980s' the faltering state of the Australian economy in the mid 1980s was a time of The Japanese context is also examined. The mid the possibility of a spirited d.ebate about Japan's economic success and world was based on the Japanese bid for global hegemony. The post-war political structures principles which embod.ied the social, economic and concessions that reflected America,s internal power structures, including growth was to remove mad,e to labour. America's solution to stalled world International barriers to free trad.e and withdraw its support for the principles of weak Labor organisation, effectively universalising the new its own interests as state and weak labour. since Australia had identihed economic coterminous with those of the united States, its shift to those terms' rationalism and enterprise bargaining can be explained in development However, Japan had, d,eveloped a unique mod'e of capitalist principles in the face and its challenge was to retain its own constitutive the new trade of increasing pressltres from America to align itself with order.
    [Show full text]
  • FABC Update Sep-Oct
    Friends of the ABC (NSW) Inc. qu a r terly newsletter Sept. - Oct. 2001 Vol 13, No. 11 in c o r p o r a t i n g ba c k g r ound briefing national magazine up d a t e friends of the abc THE TOWN CRIER by Greg Struck Once upon a time, there existed a happy little kingdom. It In a departure from serious was different to other kingdoms, because its citizens could political com- choose their king every few years. Another thing that made ment, one of this kingdom different was that, long ago, the people had our members decided to appoint a town crier to tell the citizens what was has written an happening within and outside their kingdom. allegorical tale for your He was paid by the people so the king couldn't tell him enjoyment. PT what to say. His job even had a new word to go with it, a word unknown to the people in the neighbouring kingdoms. The word was “independent”. The crier could find out exactly what was happening and tell the people. This was especially useful to the people each time they chose a new king. Few kingdoms had such on. Naturally, not every king a town crier. liked the town crier and his news. Sometimes a king Of course, he wasn't the who didn't like the crier's only town crier. Rich mer- news even tried to stop him chants also employed their speaking, but without suc- own criers who strolled the cess.
    [Show full text]
  • Supplementary Material an Introduction to the CSIRO Oral
    10.1071/HR18026_AC © CSIRO 2019 Supplementary Material: Historical Records of Australian Science, 2019, 30(2), 112–118. Supplementary Material An introduction to the CSIRO Oral History Collection Helen A. WolffA, Terence J. HealyA and Thomas H. SpurlingA,B ACentre for Transformative Innovation, Faculty of Business and Law, Swinburne University of Technology, PO Box 218, Hawthorn, Vic. 3122, Australia. BCorresponding author. Email: [email protected] Appendix A. Schedvin interviews (held in CSIRO Archives) Interviewee Interviewer Interview date G. Ayers C. B. Schedvin 23 April 1986 V. D. Burgmann C. B. Schedvin 6 December 1984 John Henry Calaby C. B. Schedvin 20 November 1984 Clive Coogan C. B. Schedvin 7 July & 31 July 1985 W. Gordon Crewther M. Samuel 9 May 1985 Jack Delmenico C. B. Schedvin 27 September 1984 Geoff Douglas C. B. Schedvin 17 August 1984 Les Edye C. B. Schedvin 14 June 1984 A. J. Farnworth C. B. Schedvin 31 January 1985 Vincent ‘Bunny’ Fennessy C. B. Schedvin 31 August 1984 Arthur Eric Ferguson C. B. Schedvin 23 June 1986 M. Fueghelman C. B. Schedvin 29 October 1984 Clyde Garrow M. Samuel 9 May 1985 Paul Grant C. B. Schedvin 25 October 1978 David Henshaw M. Samuel 11 December 1984 E. R. (Ted) Henzell C. B. Schedvin 13 June 1984 George Frederick Humphrey K. Trace 12 December 1978 Walter Ives C. B. Schedvin 11 December 1978 & 23 May 1984 Wal Lang C. B. Schedvin 25 June 1984 W. R. Lang C. B. Schedvin 17 July 1981 Ian Langlands C. B. Schedvin 3 November 1983 Francis Gordon Lennox C.
    [Show full text]
  • Monday 1 June 2015 COMPANY ANNOUNCEMENTS
    Monday 1 June 2015 COMPANY ANNOUNCEMENTS OFFICE AUSTRALIAN SECURITIES EXCHANGE ASX CODE MTN MARATHON RESOURCES LODGES INFORMATION MEMORANDUM Marathon Resources Limited (“Marathon” “the Company”) (ASX: MTN) refers to its recent announcements relating to the changes in the activities and scale of Marathon Resources. Attached please find the Company’s Information Memorandum and supporting material for consideration by ASX for re-compliance with the Listing Rules and re-admission to the Official List. S M Appleyard Company Secretary 1 T +61 (0)8 8348 3500 F +61 (0)8 7225 6990 ABN 31 107 531 822 Information Memorandum Dated 1 June 2015 This document is a re-compliance information memorandum for the purposes of satisfying Chapters 1 and 2 of the ASX Listing Rules and to satisfy ASX's requirements for re-admission to the Official List following a change to the nature and scale of the Company’s activities. No securities will be issued or sold under this Information Memorandum. Doc ID 290159333/v1 2 Corporate Directory Directors Australian Legal Adviser HWL Ebsworth Lawyers Mr Peter L Williams Level 21, Westpac House Non-executive Deputy Chair 91 King William Street Adelaide SA 5000 Mr David Kit Shearwood Managing Director Mr Daniel J D Peters Stock Exchange Listing Executive Chair Australian Securities Exchange ASX Code: MTN Mr Chris Schacht Non-executive Director Company Secretary Registered and Corporate Office Mr Sam M Appleyard Unit 8, 53-57 Glen Osmond Road Eastwood SA 5063 Doc ID 290159333/v1 3 Table of Contents Indicative Timetable 4 Important
    [Show full text]
  • Download Chapter (PDF)
    ADDENDA All dates are 1994 unless stated otherwise EUROPEAN UNION. Entry conditions for Austria, Finland and Sweden were agreed on 1 March, making possible these countries' admission on 1 Jan. 1995. ALGERIA. Mokdad Sifi became Prime Minister on 11 April. ANTIGUA AND BARBUDA. At the elections of 8 March the Antigua Labour Party (ALP) gained 11 seats. Lester Bird (ALP) became Prime Minister. AUSTRALIA. Following a reshuffle in March, the Cabinet comprised: Prime Minis- ter, Paul Keating; Deputy Prime Minister and Minister for Housing and Regional Development, Brian Howe; Minister for Foreign Affairs and Leader of the Govern- ment in the Senate, Gareth Evans; Trade, Bob McMullan; Defence, Robert Ray; Treasurer, Ralph Willis; Finance and Leader of the House, Kim Beazley; Industry, Science and Technology, Peter Cook; Immigration and Ethnic Affairs, Nick Bolkus; Employment, Education and Training, Simon Crean; Primary Industries and Energy, Bob Collins; Social Security, Peter Baldwin; Industrial Relations and Transport, Laurie Brereton; Attorney-General, Michael Lavarch; Communications and the Arts and Tourism, Michael Lee; Environment, Sport and Territories, John Faulkner; Human Services and Health, Carmen Lawrence. The Outer Ministry comprised: Minister for Aboriginal and Torres Strait Islander Affairs, Robert Tickner; Special Minister of State (Vice-President of the Executive Council), Gary Johns; Develop- ment Co-operation and Pacific Island Affairs, Gordon Bilney; Veterans' Affairs, Con Sciacca; Defence Science and Personnel, Gary Punch; Assistant Treasurer, George Gear; Administrative Services, Frank Walker; Small Businesses, Customs and Construction, Chris Schacht; Schools, Vocational Education and Training, Ross Free; Resources, David Beddall; Consumer Affairs, Jeannette McHugh; Justice, Duncan Kerr; Family Services, Rosemary Crowley.
    [Show full text]
  • Methods of Appointment to the ABC Board
    The Parliament of the Commonwealth of Australia Above Board? Methods of appointment to the ABC Board Report of the Senate Environment, Communications, Information Technology and the Arts References Committee September 2001 ii © Commonwealth of Australia 2001 ISBN 0 642 71160 7 This document is produced from camera-ready copy prepared by the Senate Environment, Communications, Information Technology and the Arts References Committee Secretariat, and printed by the Senate Printing Unit, Parliament House, Canberra. MEMBERSHIP OF THE COMMITTEE - 39TH PARLIAMENT Members: Senator Lyn Allison (Chair) (AD, VIC) Senator John Tierney (Deputy Chair) (LP, NSW) Senator Mark Bishop (ALP, WA) Senator the Hon Nick Bolkus (ALP, SA) Senator Kate Lundy (ALP, ACT) Senator Tsebin Tchen (LP, VIC) Participating Members: Senator the Hon Eric Abetz (LP, TAS) Senator Steve Hutchins (ALP, NSW) Senator Andrew Bartlett (AD, QLD) Senator Sue Knowles (LP, WA) Senator the Hon Ron Boswell (NP, Senator Meg Lees (AD, SA) QLD) Senator Sue Mackay (ALP, TAS) Senator Bob Brown (AG, TAS) Senator Brett Mason (LP, QLD) Senator Paul Calvert (LP, TAS) Senator Julian McGauran (NPA, VIC) Senator George Campbell (ALP, NSW) Senator Jan McLucas (ALP, QLD) Senator Kim Carr (ALP, VIC) Senator Shayne Murphy (ALP, TAS) Senator Grant Chapman (LP, SA) Senator Marise Payne (LP, NSW) Senator Helen Coonan (LP, NSW) Senator the Hon Chris Schacht (ALP, Senator Winston Crane (LP, WA) SA) Senator Alan Eggleston (LP, WA) Senator Natasha Stott Despoja (AD, Senator the Hon John Faulkner (ALP, SA) NSW)
    [Show full text]
  • Labor and Financial Deregulation
    University of Wollongong Thesis Collections University of Wollongong Thesis Collection University of Wollongong Year Labor and financial deregulation: the Hawke/Keating governments, banking and new labor Stephen Martin University of Wollongong Martin, Stephen, Labor and financial deregulation: the Hawke/Keating governments, banking and new labor, PhD, Department of Economics, Department of History and Politics, University of Wollongong, 1999. http://ro.uow.edu.au/theses/319 This paper is posted at Research Online. http://ro.uow.edu.au/theses/319 NOTE This online version of the thesis may have different page formatting and pagination from the paper copy held in the University of Wollongong Library. UNIVERSITY OF WOLLONGONG COPYRIGHT WARNING You may print or download ONE copy of this document for the purpose of your own research or study. The University does not authorise you to copy, communicate or otherwise make available electronically to any other person any copyright material contained on this site. You are reminded of the following: Copyright owners are entitled to take legal action against persons who infringe their copyright. A reproduction of material that is protected by copyright may be a copyright infringement. A court may impose penalties and award damages in relation to offences and infringements relating to copyright material. Higher penalties may apply, and higher damages may be awarded, for offences and infringements involving the conversion of material into digital or electronic form. LABOR AND FINANCIAL DEREGULATION The Hawke/Keating Governments, Banking and New Labor A thesis submitted in fulfilment of the requirements for the award of the degree Doctor of Philosophy from University of Wollongong by Stephen Martin B.A.
    [Show full text]
  • For Personal Use Only Use Personal for Marathon Resources Limited ACN 107 531 822 Annual Report 1St July 2012 to 30Th June 2013
    2013 MARATHON RESOURCES ANNUAL REPORT For personal use only Marathon Resources Limited ACN 107 531 822 Annual Report 1st July 2012 to 30th June 2013 Corporate Directory Directors Auditors Peter Williams CHAIRMAN (NON-EXECUTIVE) Grant Thornton South Australian Partnership Chen Zeng NON-EXECUTIVE Chartered Accountants John G (Shad) Linley CHIEF EXECUTIVE OFFICER Level 1 67 Greenhill Road Christopher Schacht NON-EXECUTIVE Wayville SA 5066 Share Registrar Company Secretary Computershare Registry Services Pty Ltd Stuart Appleyard Level 5, 115 Grenfell Street Registered & Principal Business Office Adelaide SA 5000 Investor enquiries: 1300 556161 Unit 8 53-57 Glen Osmond Road International: +61 3 9415 4000 Eastwood SA 5063 Marathon Resources Limited Bankers National Australia Bank ABN 31 107 531 822 22-28 King William Street PO Box 181 Adelaide SA 5000 Fullarton SA 5063 Telephone: 08 8348 3500 Principal Lawyer Facsimile: 08 7225 6990 Watson Lawyers [email protected] Ground Floor 60 Hindmarsh Square Adelaide SA 5000 For personal use only CONTENTS Corporate Directory __________________________________________________ 2 Chairman’s Address __________________________________________________ 4 Directors’ Report (including Director’s Review of Operations) _________________ 6 Corporate Governance Statement _______________________________________ 7 Director’s Declaration _______________________________________________ 19 Auditor’s Independence Declaration ____________________________________ 20 Independent Audit Report ____________________________________________
    [Show full text]
  • 6 the Fourth Decade 1990
    6 The Fourth Decade 1990 - 2000 – facing the challenges in the 90s In December 1991 Paul Keating replaced Bob Hawke as Prime Minister of Australia and held the position until March 1996. The Federal election in 1996 was won by the Liberal Party under the leadership of John Howard who remained in office until November 2007. The inflation of the 70s and the recession of the 0s gave way to a period of relative economic prosperity and stability. Despite this, major changes driven by a new Board and Executive Director at ANSTO would have consequences for AINSE. The ANSTO Board and its new Executive Director, Dr David Cook, who was appointed on 2 May 1988, had commenced the process of implementing major change in this organisation. As part of this process, ANSTO quickly commenced realigning its research areas and mode of operation and was quite creative in doing so. In 1989 ANSTO purchased a Tandem Accelerator from Rutgers University in the USA at a total cost, with support equipment, of $2.3 million68. The creativeness in this respect was not so much the purpose for which the instrument would be used – initially for 14C dating – rather that the accelerator was purchased second-hand for little more than the excavation, transportation and installation costs. It was announced that the accelerator will be used for the establishment of a national radiocarbon dating service for applications in geology, and oceanography69. Barely two years after the announcement of the purchase of the accelerator, the Australian National Tandem Accelerator for Applied Research (ANTARES) was officially opened at ANSTO in September 1991 by the Minister for Science and Technology, the Honourable Ross Free70.
    [Show full text]