Kibush Capital Corporation announced the signing of an Agreement with the leaseholders of Mining Lease ML369 located at Bitoi River, Wae, Papua New Guinea for the development and commercialization of the area. It provides for the parties to make an application to the Resource Mining Authority for an approved Alluvial Mining Lease. The leases cover approximately 4 hectares of Alluvial Resource and are located in an area that has been producing gold since 1920.