NORTH ANDROS RECLAMATION Limestone Mining Project for Andros Island, Bahamas.

Royalties reinvested in North Andros by the North Andros Development Foundation

• USD250K in community development in year 1

0

100

200

300

400

500

600

700

800

900

1,000

2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Estimated Royalties Payments to North Andros Development FoundationUSD 000's

PUTTING THE RESOURCES OF NORTH ANDROS TO WORK FOR THE COMMUNITY

Source: Economic Impact Study, Marla Dukharan

• Scholarship Fund for North Androsians

• Small business loans and grants in conjunction with the SBDC

• Settlement Docks in Red Bay, Nichols Town, and Lowe Sound

• Recreational facilities including basketball and softball parks(Lowe Sound, Nichols Town, Mastic Pointand Red Bays)

COMMUNITY DEVELOPMENT PROJECTS TARGETED

• Restoration and upgrades to other parks andpublic gathering spaces (Goombay Park)

• Construction of a centrally located hurricane shelter that can double as a community center

• Nichols Town Marketplace

• Upgrade of sporting facilities at the Hutley Christie High School to include a new track and equipment

• New Fire Truck & Ambulance

Andros = 17%

0

2

4

6

8

10

12

14

16

18

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

All Bahamas Andros

Unemployment Rate: Andros vs All BahamasPercent (%)

IT STILL IS HARDER TO FIND A JOB IN ANDROS THAN IN THE REST OF THE COUNTRY

Source: Economic Impact Study, Marla Dukharan

20.3

17.2

12.4

9.4

0

5

10

15

20

25

Andros* Family Islands New Providence Grand Bahama

Poverty is high and growingPercent of Population (%)

ANDROSIANS ARE FORCED TO LEAVE TO FIND WORK

Andros lost 16% of its population between

1970 and 2010

Source: Economic Impact Study, Marla Dukharan

v

New Permanent Jobs

40 jobs in 6 months 67 jobs end of year 1 151 jobs by 2025

Priority will be given to local recruits 6

1320

28

6

39

71

35

0

10

20

30

40

50

60

70

80

Management Skilled Semi-skilled Unskilled

Phase 1 jobs Phase 2 jobs

Number of New Jobs in North Andros: Phase 1 and Phase 2Number of new jobs

NORTH ANDROS LIMESTONE MINING PROJECT PUTS THE FUTURE OF ANDROS BACK IN THE HANDS OF ANDROSIANS

Source: Economic Impact Study, Marla Dukharan

0

10

20

30

40

50

60

Management Skilled Semi-skilled Unskilled

Average Salary North Andros Limestone ProjectAverage Salary New Providence Hospitality

Wages North Andros Limestone Projectvs New Providence HospitalityBSD per hour, averageWages exceed the

New Providence tourism industry by

39% on average

High-level management opportunities

GOOD JOBS IN NORTH ANDROS

Source: Economic Impact Study, Marla Dukharan

0

10,000

20,000

30,000

40,000

50,000

60,000

Unskilled Semi-skilled Skilled

Overall Household Expenditure 2019Annual Wage - N Andros Limestone Project

Annual Wages vs Household Expenditures: North Andros Limestone ProjectBSD

EMPLOYEES CAN COMFORTABLY PAY HOUSING, FOOD, TRANSPORTATION, EDUCATION, AND OTHER FAMILY EXPENSES

Living wages exceed household expenses

by at least 2.4x

Project will generate BSD53 million in

wages in the next10 years

Source: Economic Impact Study, Marla Dukharan

• More business for local suppliers

• More local spending withBSD53 million in salariesover the next decade

• More efficient infrastructure attracts new business activities

Docks at Morgan’s Bluff and deeper entrance channel

improve safety and access for all

WHAT DOES THE PROJECT MEAN FOR ANDROSIANS?

Androsians can not fully realize their

economic potential if the opportunities do not accompany them

• Develop yourself• Advance your career• Build savings and wealth• Create your legacy

… without having to migrate

Opportunity for ownership as a shareholder means you geta stake in your future

CREATING LONG-TERM WELLBEING FOR NORTH ANDROS

• New jobs• Good wages• Economic activity • Community development

By taking a stake in their resources, North Androsianstake command of their future

NORTH ANDROS RECLAMATIONLimestone Mining Project for Andros Island, Bahamas

2021

MBDC

BMCL

Sublease land to BMCLConstruct residential housing project Sell homes

Miningof 2nd pit

Mining of 1st pit completeHandover to MBDCMining of 1st pit

List on:

of royalties transfered to the Consolidated Fund

Current Holdings Ltd, Panadero Bahamas Ltd

North AndrosShareholders

51%

49%

50%

50%

100%

MBDC OWNERSDeveloped propertysold and shareholders receive dividend payments

Royalties& Taxes

of royalties to North Andros Foundation for community development projectsGovernment