Kibush Capital Corp (fka DLCR)

[JPS02]

The 5-year agreement with the landowner covers:

i) 50,000 hectares and;

ii) Allows DLCR to sign another 7 landowner groups each with a minimum of 50,000 hectares each.

This is a huge development for the company moving forward as there will no longer be a review period after each year, allowing for continuous operations and continuous revenue generation.


Extract source - 6/10/20 DLCR PR:

https://www.globenewswire.com/news-release/2020/06/10/2046229/0/en/KIBUSH-CAPITAL-INC-DLCR-ANNOUNCES-THE-SIGNING-OF-MULTIPLE-LONG-TERM-SALES-SUPPLY-AGREEMENTS.html

- The extract from today's PR that is presented above tells us that DLCR has the option to have access to at least 400,000 hectares of land to log over 5 years. I think this is a sizeable piece of land with a good time period over which DLCR can generate some decent revenues.

Go DLCR!