1. Personal information collected when you use this website

The Privacy Act (Cth) 1988 defines Personal Information to be "information or an opinion (including information or an opinion forming part of a database), whether true or not, and whether recorded in a material form or not, about an individual whose identity is apparent, or can reasonably be ascertained, from the information or opinion." While you visit this website, we may collect different kinds of Personal Information from you in a variety of ways. (a) Clickstream Data: When you visit this website our server makes a record of your visit and logs the following Personal Information: - your server address - your top level domain name (for example .com, .gov, .au, .net, .edu, etc) - the time and date of your visit to the web site - the pages and documents you have accessed or viewed - the type of browser you are using. (b) Emails: The Personal Information collected by XLX when you send us an email, will include your email address and may also include some of your Personal Information. In all cases and at all times, this Personal Information will only be used for the stated purpose for which it was provided. XLX records your email address and Personal Information in the following instances:

• When you follow the email link on the "CONTACT US" page
• When you subscribe to our Newsletter
• When you complete the Enquiry Form on the "CONTACT US" page

(c) Cookies: XLX does not use cookies in its publicly accessible website (http://www.xlx.com.au)

2. Purpose and use of Personal Information we collect from you

The Personal Information we collect from you is collected for the following purposes:

• enhancement to the website to the user's needs; and
• communication, statistics, research and development.

No attempt will be made to identify individual users or their browsing activities other than as disclosed in this privacy policy or as required by law. The Personal Information collected on this website will not be disclosed to a third party except where authorised by you or required by law.

3. Publication of your Personal Information

We will only publish Personal Information on this website if it has been collected for this purpose with your knowledge, or if you have otherwise consented to the disclosure. When giving such consent you should be aware that Personal Information published on this website is accessible to millions of users from all over the world, that it will be indexed by search engines and that it may be copied and used by any web user. This means that, once the Personal Information is published on this website, we will have no control over its subsequent use and disclosure. All Personal Information collected by XLX is protected by the Privacy Act (Cth) 1988 and any subsequent Federal legislation. Information on the Commonwealth Privacy Act 1988 can be found on the Federal Privacy Commissioner's web site.

4. When to check this privacy policy

We may make changes to this Privacy Policy from time to time, so you should check it each time you visit this web site.

5. How to contact us

If at any time you have any questions regarding this Privacy Policy, the practices of this website or dealings with this website, please contact us at This email address is being protected from spambots. You need JavaScript enabled to view it..

This Privacy Policy was last updated on 15 March 2013.

Currawong Coal is an unincorporated joint venture between Cliffs Australia Coal Pty Ltd (a subsidiary of Cliffs Natural Resources) and Conarco Minerals Pty Ltd. Currawong was established to carry out exploration, appraisal and development activities within highly prospective coal regions in Queensland.

In December 2012, the joint venture sold its portfolio of 16 coal exploration leases to ASX-listed Fox Resources Limited (ASX: FXR).

In August 2009, XLX acquired a substantial stake in unlisted Macquarie Energy, the owner of seven petroleum exploration licences in NSW covering 24,000 square kilometres.

Together with Arrow Energy Ltd, XLX was instrumental in the re-structuring and IPO of Macquarie Energy as Apollo Gas Ltd (ASX:AZO) in December 2009. On IPO, Apollo had a market cap of $40 million. XLX retained a substantial stake and had board representation in the company.

XLX exited its investment after Apollo Gas was acquired by Dart Energy Ltd in December 2010 for $145 million (100% basis).

Andy Plummer, Allan Davies and Tony Haggarty were co-founders of Excel Coal Limited. Excel owned a suite of thermal and metallurgical coal mines and was listed on the ASX in 2004 (ASX:.EXL).

The directors of XLX owned approximately 19% of Excel when it was acquired by Peabody Energy in 2006 for $1.83 billion.

Malabar Coal owns a substantial interest in the Spur Hill Underground Coal Project, and has the right to increase its interest up to 80%. The Spur Hill Underground Coal Project is a metallurgical coal development project located in the Upper Hunter Valley, NSW.

Malabar Coal listed on the ASX in March 2013 (ASX: MBC).

www.malabarcoal.com.au

Titan was established to service the significant demand for drilling and accommodation services for development and production of Coal Seam Gas (“CSG”) in Queensland. Titan provides a diversified range of services to the CSG and conventional oil and gas industry including:

• CSG drilling rigs
• Portable camps
• Catering & camp management
• Down-hole drilling equipment hire

Titan listed on the ASX in December 2011 (ASX: TTN).

www.titanenergyservices.com.au

Whitehaven Coal is a major independent Australian coal producer, with particular focus on NSW's Gunnedah Basin. Whitehaven has a high quality portfolio of producing coal mines and is currently developing several significant new projects.

This investment is held by entities associated with Andy Plummer, Allan Davies and Tony Haggarty who were previously executive directors of Whitehaven.

Whitehaven listed on the ASX in June 2007 (ASX: WHC).

www.whitehavencoal.com.au

Illawarra Coke Company (ICC) produces coke for domestic and international steel mills. ICC is a long-established business with two plants located in the Illawarra region of NSW.

www.illawarracoke.com.au

NOTE: Investments held either directly in the XLX group, or via entities related to the XLX Directors.

Allan Davies – Director

BE Mining (Hons), University of Queensland

Allan has over 35 years of experience in the Australian and international coal industry and is a registered mine manager in South Africa and Australia. Allan commenced work with MIM Ltd at Mt Isa and then Union Corporation in South Africa. Subsequently, he joined BP Coal where he was, in succession, mine manager at the Howick Open Cut and Director Mining, BP Coal Inc (based in Cleveland), Ohio. After returning to Australia in 1990 he became General Manager of the Agipcoal United underground mine in the Hunter Valley and after that General Manager of the Rio Tinto Hunter Valley No 1 and Howick mines. Allan was a founding executive director of Excel Coal through to the takeover of Excel Coal by Peabody in 2006. Allan was also a non-executive director of Pacific National Pty Ltd, QR National Limited, QMastor Limited and more recently an executive director of Whitehaven Coal Limited until November 2012.

Allan is currently a non-executive director of Qube Holdings Limited.

Tony Haggarty – Director

MComm, University of NSW

Tony has 35 years experience in the financing, development and management of coal mining projects. He worked for BP Coal and BP Finance in Sydney and London in various business development and finance positions and for Agipcoal as the Managing Director of its Australian subsidiary. Tony was a founding director of Excel Coal in 1994 and Managing Director from this time, through the ASX-listing of Excel Coal and until the takeover of Excel Coal by Peabody in 2006. After Excel Coal, Tony joined Whitehaven Coal Ltd as Managing Director until resigning from that position in March 2013. Other previous board roles include non-executive director of King Island Scheelite Ltd and IMX Resources Ltd.

Tony is currently a non-executive director of Whitehaven Coal Ltd and Illawarra Coke Company.

Andy Plummer – Director

BSc Mining Eng, Colorado School of Mines

Andy has over 35 years experience in mining finance and merchant banking as well as mining engineering and operations with major coal companies in the USA and Australia. From 1985 to 2003, he was an executive director of Eureka Capital Partners and its predecessor, Resource Finance Corporation Pty Ltd. Prior to that he worked for Westpac Banking Corporation, ARCO Coal, Utah International and Consolidation Coal in various management positions. Andy was an executive director of Excel Coal from 1994 through to the takeover of Excel Coal by Peabody in 2006.

Andy was previously an executive director of Whitehaven Coal Ltd and a non-executive director King Island Scheelite Ltd.

Andy is currently a non-executive director of Malabar Coal Limited.

Wayne Seabrook – Director

BE Hons (Chemical), University of Canterbury, MAusIMM, FFin

Wayne has more than 30 years of resources sector and corporate finance experience. He has broad experience including; resource project feasibility, environmental approvals, finance, development, construction and operation.

For the past decade he has had senior corporate finance roles with Macquarie Bank, Challenger International and Wilson HTM. He has managed capital raisings and corporate transactions for many resource, energy and resource-services companies and projects including; Felix Resources, Runge, Whitehaven Coal, Excel Coal, Cleveland-Cliffs, Austral Coal, Sumitomo Coal, AMCI (USA) Inc, Nomad Building Solutions, Arrow Energy, Petroz, Nexus and Rio Tinto.

His development & operations background includes senior & executive roles with Alcoa of Australia, Macraes Mining, Minproc Engineers, Barclay-Mowlem and an ASX-listed exploration/development company.

He was previously a non-executive director of ASX-listed Titan Energy Services Ltd and Apollo Gas Ltd.

Wayne is currently Chairman of Malabar Coal Ltd and a director of Ironstone Capital Partners Pty Ltd, a corporate advisory business.

Simon Keyser – Director

CA, B.Bus, Queensland University of Technology

Simon has over 20 years of finance sector experience, specialising in the resources and energy sectors. Simon has held senior investment banking positions with Wilson HTM and Chase Securities (now JPMorgan Chase) and has advised companies on capital raisings and mergers and acquisitions in Australia and Europe. Prior to joining XLX, Simon was Head of Corporate at Wilson HTM. Simon has advised and managed capital raisings for a number of coal, energy and services companies including Felix Resources, Excel Coal, Whitehaven Coal, Austral Coal, AMCI (USA) Inc, Queensland Gas, Pure Energy, Bow Energy and Arrow Energy. He was previously a non-executive director of the engineering services group, G&S Pty Ltd.

Simon is currently a non-executive director of ASX-listed Titan Energy Services Ltd and Malabar Coal Ltd. Simon is also a director of Ironstone Capital Partners Pty Ltd, a corporate advisory business.

Paul Westcott – Executive Mining Engineer

BE Hons (Mining) Fellow AusIMM, MICA, CP (Mining)

Paul has 40 years of Australian and international experience in the design, planning and costing of some of the world’s largest coal mines. He is a “Competent Person” as defined in the JORC Code. He has been involved with projects in Australia, USA, United Kingdom, Germany, Indonesia, Venezuela, Bangladesh, Republic of South Africa, Thailand, Colombia, Brazil, New Zealand, Mongolia, Philippines and Russia.

Prior to joining XLX he was an Executive Consultant for Minarco-MineConsult (a division of Runge Ltd). Paul’s operation experience includes as; Resident Technical Manager at EGAT’s Mae Moh mine, Thailand, Senior Mining Engineer for ETSA at Leigh Creek mine in South Australia, and, as Mine Engineer at BHP’s Blackwater and Saraji coal mines in Queensland.