Kibush Capital Corp. (DLCR)

[DeltaWarrior]

Nice to see you here sir! DLCR is a gem.

What we have under CONTRACT is a total of 65,000 hectares as stated in the most recent 8k. There are 12 cubic meters in a hectare. That makes 780,000 cubic meters. With a sale price of $750 USD per cubic meter, that makes $585,000,000 USD that we have under contract for our logging ops. Most of the contract are our timber reserves, but it is under CONTRACT. The CEO is also working on getting the reserves, both gold and timber, reflected on our balance sheet. Combined, the gold and timber reserves are valued around $1 Billion.

On September 8, 2016, the Company’s subsidiary Aqua Mining (PNG) Ltd received approval from the Department of Forestry Papua New Guinea, on application for the Timber Authority (TA) on 2,000 hectares in Kubuna, Central Province District, Papua New Guinea, 75 kilometers North North East from Port Moresby (“Kubuna”). The Timber Authority approval for Kubuna allows the Company to commercialize up to 5,000 cubic meters of timber per year and is valid for an initial term of two years. Aqua Mining currently has more than 40,000 hectares of primary forest UNDER CONTRACT for commercialization with the landowners in Kubuna, attached as Exhibit 10.1.


Also on September 8, 2016, the Company’s subsidiary Aqua Mining (PNG) Ltd received approval from the Department of Forestry Papua New Guinea, on application for the Timber Authority (TA) on for 2,000 hectares in Kwikila Station, Rigo District, 55 kilometers East from Port Moresby (“Rigo”). The Timber Authority approval for Rigo allows the Company to commercialize up to 5,000 cubic meters of timber per year and is valid for an initial term of two years. Aqua Mining currently has more than 25,000 hectares of primary forest UNDER CONTRACT for commercialization with the landowners in Rigo, attached as Exhibit 10.2.

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