MELBOURNE, Australia, Sept. 08, 2016 (GLOBE 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) in Kubuna and the Timber Authority (TA) in Rigo. As detailed in earlier releases, these two areas are significant resources that will enable the company to undertake commercial logging over a number of years. Mr. Sheppard, the CEO, said this is a great step forward for the company and it gives the company the opportunity to commercialise significant assets that the company now has control over. It has been a difficult four weeks as there have been a number of delays in finalizing the approval from the Forestry Department; however, it is the company policy to follow Government protocol and be patient to ensure compliance with all departments. We will immediately deploy our labor force and equipment to those areas to commence logging and processing of timber in those areas.
About Kibush Capital Corporation:
Kibush Capital is a Resource company with operations in Jade in New South Wales, Australia, and Gold and 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.
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Source:Kibush Capital Corporation