The Hon. Kon Vatskalis Minister for Mines & Energy

1. The Hon. Kon VatskalisMinister for Mines & Energy

13. Trevor TennantManaging DirectorBootu Creek Resources

14. OM Holdings LimitedIssued Capital m • Fully paid ordinary shares 99.4 • Unlisted options (@15 cents/share) 3.5 • Fully diluted capital 102.9 $m • Market capitalisation @$1.50 $154 • Cash $ 30 • Debt Nil

15. Key Objectives • Develop an integrated manganese business that will enable OMH to become a global player in the Asian Manganese Business. • Make use of established marketing skills to develop new business units that feed the Asian Steel Business.

16. OM Holdings has Three Business Units: • Trading • Alloy Production • Manganese Ore Production

17. Bootu Creek Resources A wholly owned subsidiary of OM Holdings

18. Bootu Creek Resources • Agreement with Scriven November 2000 • Exploration Agreement with NLC September 2001 • Granted EL 10412 September 2001 • First Drill Hole October 2001 • 26,000 meters drilling completed by September 2003 • Feasibility Study completed by August 2004

19. Bootu Creek Resources • Mining Agreement & Haul Road Lease Agreements by October 2004 • Tripartite Agreement completed in October 2004 • Environmental Approvals September 2004 • Site Access granted October 15th 2004 • Construction of Haul Road commenced October 16th 2004

23. Key Success Factors • Transport infrastructure • Assistance by NT Geological Survey • Co-operative Approach by NLC • Support by special projects group by the Chief Minister’s Office • Ready access to all levels of NT Government • Consistent support by Member from Barkly

24. Mined in the 50’s BHP held the tenements in 1996/1997 EM Survey and Drilling Neil Scriven made application for EL10412 in 2000

25. Strata Bound Strike Persistent Parallel Seams Low Exploration Costs

28. Initial annual production rate: Lump 450,000 tonnes Fines 150,000 tonnes Mass Yield 50% Product Specification Mn 45% SiO2 12% Fe 5% P .04% Bootu Creek

29. First Shipment Third Quarter 2005

30. Questions