The Hon. Kon VatskalisMinister for Mines & Energy

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Trevor TennantManaging DirectorBootu Creek Resources

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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

OM Holdings LimitedIssued Capital

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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.

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OM Holdings has Three Business Units:

• Trading• Alloy Production• Manganese Ore Production

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Bootu Creek ResourcesA wholly owned subsidiary of OM Holdings

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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

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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

Bootu Creek Resources

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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

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Mined in the 50’sBHP held the tenements in 1996/1997EM Survey and DrillingNeil Scriven made application for EL10412 in 2000

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Strata BoundStrike PersistentParallel SeamsLow Exploration Costs

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Bootu Creek

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%

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First Shipment Third Quarter 2005

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