Kibush Papua New Guinea Mining Update

MELBOURNE, Australia, April 16, 2015 /PRNewswire/ -- Kibush Capital Corporation DLCR announced today it has commenced a Jorc/43-101 report on the Mining Lease 694/695 and pending Mining Lease 296/301 held by its subsidiary, Aqua Mining PNG Limited.

Ken Unamba, a member of the Advisory Committee, has been nominated to oversee this report. Vincent Appo, PNG Operations Manager, has undertaken substantial testing over the past 12 months on both areas and has enough data as a basis for assessment and review. Mr. Unamba will undertake additional surveys and sampling where necessary to provide further data to finalize the report to Kibush Capital.

Warren Sheppard, CEO, said this report will assist a number of investors who are not familiar with the Papua New Guinea opportunities and resources to better understand the quality of the assets that Kibush Capital has under JV agreements. It also will give confidence to those investors on any further JV agreements that the Company negotiates in the future.

"We are confident that this Jorc/43-101 report of the combined two licenses will be in excess of the estimate of 550,000 ounces that has previously been announced," Mr. Sheppard said.

Contact:

Paul Knopick

E & E Communications

pknopick@eandecommunications.com 

940-262-3584

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SOURCE Kibush Capital Corporation