MELBOURNE, Australia, Oct. 15, 2014 /PRNewswire/ — In relation to the announcement on October 9^th 2014, Kibush Capital (DLCR) CEO Warren Sheppard confirms that Alexander King of Angel Jade will continue in a consultancy role and as Director of the Angel Jade following Kibush Capital Corporation’s takeover of Angel Jade Pty Ltd, an Australian Company. Mr King has been actively involved in the development of EL8104 and was the instigator of the marketing plan and identification of the major components as noted below in the potential markets and key personnel.

Key points of the acquisition are as follows:

The transaction provides for options to purchase further equity in the project going forward. The assets of Angel Jade comprise Exploration Licence 8104, the area covered is 35 km SE of Tamworth, 300 sq km in size, 250 km from the port of Newcastle, New South Wales, Australia which is accessible by sealed road. The resource is predominantly Jade, this nephrite jade occurs in the New England Fold Belt, which extends from northeast New South Wales into southeast Queensland. Within the boundaries of the EL there is also a large unmeasured, but potentially valuable Rhodenite resource within the tenement.

MINNELEX PTY. LTD, Geological Consulting Services & Valuations, an independent Geology Company based In Queensland, has prepared a valuation report in April 2013 on Angel Jade’s EL 8104 Nephrite Project. Their preferred value of the project at that date was assessed at $80M AUD. That is conservatively based on a resource of 150,000 Tonnes. The Project has 25 tonnes currently mined, shipment ready and a further 20 tonnes exposed at the rock face. It is Kibush’s intention to cut, process and grade the maximum tonnage during the December and March quarters and then ship to the relevant markets in China, Korea and Singapore for sale.

Further development of the area is anticipated to yield a resource in excess of 1M tonnes, which development can be undertaken in conjunction with the processing of currently identified seams.

Angel Jade has identified a 3 tiered exploitation of the jade resource. The First Tier, finely ground lower quality jade to nano particle sized powder, enabling the jade to release infra-red radiation. These particles can be added to paint, ceramic tiles and to cotton for use in fabrics. The Second Tier, exclusive works of art created by the renowned artist Xie Shen. These carved pieces will weigh between 0.5 and 2 tonnes each, and will be showcased at major Asian Art Galleries. The Third Tier is to establish a premium high end Jade Brand for jewelry and art, to be sold and marketed through respected gallery and jewelry outlets. The current price of jade per kilogram has a spread of $5 to $50 depending on the grade.

About Kibush Capital Corporation:

Kibush Capital identifies companies with proven products that can be sold immediately to produce revenue. It is looking for opportunities that can be scaled up quickly and Kibush Capital will provide the management and financial expertise to move its acquisition to another level.

Contact:

Paul Knopick
E & E Communications
pknopick@eandecommunications.com
940-262-3584

SOURCE Kibush Capital Corporation