Kibush Capital (DLCR) Begins Gold Operation with Trials to Begin Next week for Alluvial Gold License

Rhea-AI Summary

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.

Positive

• Commencement of operations at the Alluvial Gold Site.
• Acquisition of an excavator and a gold trommel for processing.
• Strategic shift redirecting resources from Lumber to Gold Division.
• Significant increase of over 400% in Lumber division production.

Negative

• None.

MELBOURNE, Australia, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Kibush Capital Corporation (OTC: DLCR) is pleased to announce that it’s Gold Division has secured the resources needed to begin operations next week at the Alluvial Gold Site. This will include the commencement of trials for the Alluvial Gold License with the Mineral Resources Authority Government Department.

Additionally, the company has already purchased an excavator which is currently on-site ready to begin the trials. Once the Alluvial Gold License is granted, the company will be commissioning a Gold trommel to commence processing gold.

This marks a significant step forward for the company, as recently DLCR increased production in their Lumber division by over 400%, allowing the company to divert resources and attention to their pending gold exploration plans. Now, with the gold site secured and equipment already on site, the company is pleased to be able to break ground at the gold site and start the Alluvial Gold License process.

Warren Sheppard, CEO of DLCR, had the following to say.

“It is exciting to make a commitment to the Gold Division to start this project, the resource is very promising, and it is a key point in our strategy for this division. We are confident the trials will take a short period of time so we can then quickly move to mining and processing.”

The company will be issuing several updates on the gold site trials starting next week, in addition to developments within the other divisions of DLCR.

About Kibush Capital Corporation:
Kibush Capital is a Resource company with 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.
Kibush: http://www.kibushcapital.com/

Contact:
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+613 9846 4288
admin@kibushcapital.com