Kibush Capital receives Government Timber Authority Approval.

Kibush Capital receives Government Timber Authority Approval.

Melbourne, Australia -- May 15, 2018 -- InvestorsHub NewsWire -- Kibush Capital Corporation (OTC: DLCR) announced today that its subsidiary company Aqua Mining (PNG) Ltd has successfully received approval from the Department of Forestry Papua New Guinea, on applications for the Timber Authority (TA) on 790 hectares in Lowland Forest area, which is located in upper Kwikila Station, Rigo District along Magi Highway in Central Province, Papua New Guinea, approximately 40 kilometers East from Port Moresby and 17 kilometers from the highway along an unsealed road to Vasira Villages. The Timber Authority approval for Lowland Forest area allows the Company to commercialize up to 5,000 cubic meters of timber within 12 months and is valid for an initial term of two years.

It also received approval for the Timber Authority (TA) on 223 hectares in Areme area, Kware Village, which is located in upper Kwikila Station, Rigo District along Magi Highway in Central Province, Papua New Guinea, approximately 40 kilometers East from Port Moresby and 15 kilometers from the highway along an unsealed road to Kware Village. The Timber Authority approval for Areme area allows the Company to commercialize up to 5,000 cubic meters of timber within 12 months and is valid for an initial term of two years. These 2 new areas are virgin forrest in an area close to the main highways connecting to Port Moresby and Laloki. We are currently negotiating with the relevant landowners and access owners to have long term agreements in place so that the company can plan and organise long term commercialisation of the areas. The company has undertaken significant survey work in the 2 areas to determine the size of the resource and also to take into account the accessibility to move the resource quickly and more cost effective to our processing facility at Laloki. This is critical considering the equipment we have to deploy has specification limitations given the geography of the terrain in the region. Aqua Mining has commenced the access infrastructure with the required equipment moving to site on the week commencing May 14^th 2018.

About Kibush Capital Corporation:

Kibush Capital is a Resource company with Timber Operations in Papua New Guinea.

Safe Harbor Statement:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties.
Kibush: http://www.kibushcapital.com/

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+613 9846 4288
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Kibush Capital (CE) (USOTC:DLCR)
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