Slide 1

ASX Code: OMHWebsite:

www.omholdingsltd.com

OMH – An Overview

Accessing Land for Mineral Exploration in the NT6 June 2006

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Disclaimer

This presentation may contain forward looking statements that are subject to risk factors associated with commodities businesses. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates.

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Agenda

• Overview

• Marketing

• Manganese Operations– Qinzhou Ferro-alloy Smelter

– Bootu Creek Manganese Mine

• Summary

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Overview

• Singapore based commodity house– ASX listing, March 1998

• China focussed marketing division– Ores, alloys, metals

• Integrated manganese producer– Qinzhou Ferro-alloy Smelter– Bootu Creek Manganese Mine

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Overview - Divisions

MiningBootu Creek

Manganese Mine

Territory Iron Ltd(18.5%) ASX:TFE

MarketingSingapore

Marketing & Logistics

ManufacturingQinzhou Ferro-alloy

Smelter

LiaoyangBoron Alloy (51%)

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Overview - Capital

Issued Capital• Listed ordinary• Unlisted options

Major Shareholders• Institutions• Strategic partners• Board/management• Top 20 shareholders

Market Capitalisation

136.3m5.6m

141.9m

30%5%

25%~75%

~$150m

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Overview - Financial Returns

Dec HalfJune Half

Continuous dividends since 1998

Revenue

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250

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1.0

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Net Profit After Tax

-4-202468

1012

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Marketing

• Services

• Core Products

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Marketing• Services

– Source materials for Chinese buyers– Logistics, credit & product management– Fee for service, not a position taker

• Products– Ores: manganese, chrome, iron– Alloys: manganese, chrome, silicon,

ferro-silicon / boron– Metals: stainless scrap, zinc ingots

• New business– New relationships/products welcome

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Marketing – Core Products

• Chrome ore– Improved chrome & ferrochrome prices

• Iron ore– Territory Iron, trial of Indian product

– Positive price outlook

• Manganese ore– Supply ~ 20% of China’s Mn ore

– Destocking, prices soft but steady

– Price improvement expected post June

– Expected medium term range US$2.50-3.00

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Manganese - Qinzhou Smelter

• Overview

• Expansion

• Competitive Advantage

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Manganese - Qinzhou Smelter• Overview

– Investment to date ~US$7 million

– Significant appreciation in land value

– Three furnaces - 55k tpa ferro alloy

– Power constrained until early 2007

• Shanghai Shenjia Joint Venture– Large ferro-alloy smelter & marketer

– OMH 70%

– Agreement 2006, expansion 2007

– 140k tpa at minimal cost to OMH

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Manganese - Qinzhou Smelter

• Significant competitive advantage

– Power cost & availability

– Inland freight differentials

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Manganese - Bootu Creek

• Overview

• Operations

• Finance

• Growth

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Manganese – NT Background• Nov. 2000: Scriven Agreement

• Sep. 2001: Exploration Agreement with NLC & Granted EL

• Oct. 2001: First drill hole

• Sep. 2003: 26,000 meters drilling completed

• Aug. 2004: Feasibility Study

• Sep. 2004: Environmental approvals

• Oct. 2004: Mining & Haul Road Lease Agreements,Tripartite Agreement re native title

claimants

• Oct. 2004: Site access granted, construction commenced

• Apr. 2006: Production commences

• Jun. 2006: First shipment

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Manganese – Native Title• Matters for negotiation

– Exploration access

– Mine located on Banka Banka station (Native Title)

– Haul road to rail siding on Aboriginal freehold land

• Native Title process

– NT’s first Exploration Agreement under Native Title process

– Mineral Lease negotiated within 9 months

– NLC employment service

• Benefits

– Economic multiplier impact

– Employment opportunities

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Manganese – NT Experience• Transport infrastructure

• Ready access to all levels of NT Government

• Supportive and co-operative approach, including:

– Chief Minister’s Office, Special Projects Group

– NT Geological Survey

– Northern Land Council

– Member for Barkly

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Manganese - Bootu Creek

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Manganese - Bootu Creek

• Mining

- Good consistency & widths

- Ore stocks ~2 months

- Shekuma pit optimisation underway

- Pit sequencing under review

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Manganese - Bootu Creek• Processing

– Plant completed

– Performing to expectation

– Availability improving

– Excellent product quality (>45% Mn)

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Manganese - Bootu Creek

• Road, rail, port– All tested

• First shipment– Early June 2006– ≥45% Mn, 30kt lump

550-600k tpa @ 45% manganese product

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Manganese - Bootu Creek

• Exploration

– Target: double resource base,

>10 year life of mine

– 20,000 metres / $2 million

– Shekuma resource ~↑20%

– Chugga encouraging drilling

– Tourag commenced

– Helicopter EM (27 strike kms)

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Manganese - Bootu Creek

• Expansion option to 1 million tpa– Parallel drum plant, accommodation, logistics– Incremental cost ~A$10 million, requires feasibility

study

• Timing– Expanded resource base– Market conditions

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Summary

• Marketing – China focused, extensive networks

• Integrated manganese producer – Bootu Creek in production– Price improvement expected

• Growth opportunities– Qinzhou expansion– Exploration program, early successes– Expansion option

Slide 25

ASX Code: OMHWebsite:

www.omholdingsltd.com

OMH – An Overview

Accessing Land for Mineral Exploration in the NT6 June 2006