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Kibush Capital (DLCR) Announces a 400% Increase in Lumber Production
Kibush Capital CorporationFebruary 25, 2021 GMT
Now with Direct access to the logging site, production costs have decreased
MELBOURNE, Australia, Feb. 25, 2021 (GLOBE NEWSWIRE) Kibush Capital Corporation ( OTC: DLCR ) is pleased to announce that it has increased its lumber production capability by an estimated 400%. Previously, the company was able to produce 6 cubic meters of lumber per day, but now following a third processing machine going online with new upgrades for the other two, the company is now able to produce up to 30 cubic meters of lumber per day.
Gold-copper explorer makes ASX debut
Torrens Mining has made its first appearance on the ASX this week after raising $10 million to progress its gold and copper exploration in Australia and Papua New Guinea.
The Australian-based explorer holds gold, copper and cobalt prospects in the Victorian Goldfields and Elizabeth Creek in South Australia, along with a pending exploration license at the Laloki copper-gold project in Papua New Guinea.
The company raised $10 million through issuing 50 million shares at 20 cents each.
Torrens stated that its primary focus would be on its Victorian assets, as chairman Bill Bloking said the raising would assist in its development of gold and copper deposits.