Kibush Capital Signs 2 Year Landowner Agreement
June 11 2018 - 9:00AM
InvestorsHub NewsWire
Kibush Capital Signs 2 Year Landowner
Agreement
MELBOURNE,
Australia -- June 11, 2018 -- InvestorsHub NewsWire -- Kibush
Capital Corporation (OTC: DLCR) announced today that its
subsidiary company Aqua Mining (PNG) Ltd has successfully signed 2
Year Land Access agreements with the Landowners of Uare Landowners
Incorporated Group, the Landowners who owns the timber resource of
the area known as the AREME TIMBER AREA and Ugima Landowners
Incorporated Group, the Landowners who owns the land that the
Access road to the Logging project at AREME TIMBER AREA and Vero
Garo Landowners Incorporated Group, the Landowners who owns the
land that the Access road to the Logging project at AREME TIMBER
AREA. Mr Sheppard CEO stated that these agreements have been in
negotiation for approximately 8 months and are strategic as it is
essential to have confidence in the tenure of the areas the company
wants to commercialise. It is important to understand the culture
in PNG and work with all parties to the operations, the Workforce,
the Landowners and the Department of Forestry and its
representatives. With these long term agreements in place all
parties then understand their role and commitment to the operations
and success of the company. This also give us the ability to
properly plan and establish camps, infrastructure, roads and
bridges that will maximise the capacity of the operation. We have
nearly completed 17km’s of access roads last week, without these
agreements we would be unable to complete these as
quickly.
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/
Contact:
CEO
+613 9846 4288
admin@kibushcapital.com