Corporate Overview

TIM SUGDEN
Chairman
BSc (Hons), PhD, MAusIMM
Appointed: 2 October 2009

Tim sugden Dr Sugden has over 22 years experience in mine geology, exploration, metallurgy, research and development, operations and company management in Australia and internationally. He was a mine geologist and senior research geologist in the nickel, gold and copper-uranium divisions of Western Mining Corporation; a senior mine and exploration geologist for Wiluna Mines and Great Central Mines, and General Manager of Wiluna Gold Operations for Normandy Mining and Newmont Australia. He was a founding Director of Agincourt Resources Limited and Nova Energy Limited, and operated in executive capacities in these companies prior to their takeovers for a combined value of over $650 million. He has also served as a Non-Executive Director of several listed resource companies and is currently Managing Director of Venturex Resources Limited.

MICHAEL MULRONEY
Non-Executive Director
B App Sc (Geology), MBA
Appointed: 5 November 2010

Mike Mulroney Mr Mulroney has over 28 years experience in the natural resources and finance sectors. He spent 12 years as a geologist and mining company executive in a broad range of commodities throughout Australia and South East Asia. In 1991, Mr Mulroney joined investment bank NM Rothschild & Sons (Australia) Limited and over 11 years ultimately became responsible for Rothschild's activities in Western Australia. Mr Mulroney held senior roles in resource banking and investment banking with extensive experience in project finance and mergers and acquisitions in the global resources sector. From 2002 to 2006, he held executive and non-executive positions on two ASX-listed mining companies prior to joining Argonaut Limited. Mr Mulroney is currently Executive Director, Argonaut Capital Limited, Head of Funds Management with Argonaut Limited, and Investment Director of AFM Perseus Fund Limited, as well as Non-Executive Director of Venturex Resources Limited.

AMANDA WARD
Non-Executive Director
CPA JP
Appointed: 12 November 2010

Amanda Ward Ms Ward has a Bachelor of Business (Accountancy) degree from Royal Melbourne Institute of Technology - Melbourne. She is a qualified Certified Practising Accountant (CPA) with more than 13 years experience in finance and accounting, with a strong focus in the mining industry. Amanda is the director & principal of her own accounting practice in Sydney specialising in all areas that are unique to a diverse range of businesses. She also acts as CFO for a group of privately owned companies focused in the coal mining industry in Queensland.

GAVIN MAY
Managing Director
BSc (Geology), GAICD
Appointed: 23 May 2011

Mr May is a coal executive with over 30 years experience in the Australian and international coal industry. He was formerly CEO of ASX listed Gloucester Coal Limited, a Director of Noble Resources Australia Limited and recently COO of Toronto and Hong Kong dual listed SouthGobi Resources Limited.

ROBERT WARING
Joint Company Secretary
BEc, CA, FCIS, FFin, MAusIMM, FAICD
Appointed: 27 September 2011

Robert Waring Mr Waring's experience has been gained over 35 years in financial and corporate roles, including 20 years in company secretarial roles for ASX-listed companies and 16 years as a Director of ASX-listed companies. He is a Director of Spencer Hamilton Limited, which provides secretarial and corporate advisory services to a range of listed and unlisted companies. Mr Waring has significant coal industry experience having served as Company Secretary for Gloucester Coal Limited for six years.