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Kibush Capital Corporation (OTC: DLCR) announced the initiation of joint venture negotiations with a gold mining landowner in Wau. This opportunity is significant due to the existence of an established gold mining license, allowing for immediate processing and efficient equipment utilization. The company plans to scout for Trommels and finalize negotiations within two weeks. CEO Warren Sheppard expressed confidence in the venture, noting the company's expertise in commercializing projects. The company will provide updates on the joint venture and its lumber division in the coming weeks.
Kibush Capital Corporation (DLCR) announced the initiation of operations at its Alluvial Gold Site, with trials commencing next week pending license approval. The company has acquired an excavator and a gold trommel for processing gold. Following a significant increase of over 400% in their Lumber division, Kibush is redirecting resources towards gold exploration. CEO Warren Sheppard emphasized the potential of the resource and the company’s confidence in a swift transition to mining and processing. Updates on the gold site trials will start next week.
Kibush Capital Corporation (OTC: DLCR) announces the acquisition of new logistics equipment aimed at lowering production costs and enhancing capacity. The equipment will not only assist operations during wet seasons in Papua New Guinea but can also be rented out to generate additional revenue. The company is targeting a minimum export of 2 containers per week and is in discussions regarding potential gold opportunities with the Government Mineral Resources Authority. CEO Warren Sheppard expresses optimism about increased production and future expansions.
Kibush Capital Corporation (OTC: DLCR) reported a significant increase in lumber production capability by 400%, now reaching 30 cubic meters per day from 6 cubic meters. This enhancement follows the launch of a third processing machine and improved upgrades of existing equipment. The completion of a six-month road project has enabled direct access to logging sites, leading to reduced production costs and improved efficiency. The company also intends to refocus on its gold exploration division after optimizing its lumber operations.
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