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