Kibush Capital announces increase in Revenue and Resource

Feb 16, 2016, 07:05 ET from Kibush Capital Corporation

MELBOURNE, Australia, Feb. 16, 2016 /PRNewswire/ -- Kibush Capital Corporation (OTC: DLCR) announced today a 100% increase per month in Revenue. It has completed a review of a Primary Forest Sector included within the existing Timber Authority in the Kairuku Hiri District in Papua New Guinea covered under our Management Agreement with Paradise Gardens Ltd. After a site visit to the region last week by the CEO Mr. Warren Sheppard, he stated that the harvesting of Primary Forrest Trees will increase output from 250 cubic metres to 500 cubic metres per month and the resultant Revenue will increase 100% to $200,000 per calendar month. In this new area we selected a test area of 20 hectares and identified 600 cubic metres (200 Logs) for cutting, if we use this as an indication then the new area of approximately 1250 hectares will yield in excess of 75,000 cubic metres and a resource in excess of $15,000,000.

Mr. Sheppard stated the Site Visit also identified a number of operational improvements and initiatives that would be implemented over the coming months that would reduce direct costs by locating Timber processing at the source rather transporting the cut logs to the central location. The increase in yield from the Primary Areas will go a long way to fulfilling the current rolling orders of 1,000 cubic metres per month to commercial customers. Mr. Sheppard went on to say that we have updated our Edgar Filings

About Kibush Capital Corporation:

Kibush Capital is a Resource company with operations in Jade in New South Wales, Australia, and Gold at Wau, 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.


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This is a re-release due to a lack of coverage.


SOURCE Kibush Capital Corporation