DLCR nice 8k out On March 21, 2018, the Company’s subsidiary Aqua Mining (PNG) Ltd entered into a joint venture with Uare Clan Group. The joint venture is seeking approval from the Department of Forestry Papua New Guinea, on an application for a Timber Authority (TA) on 223 hectares in Areme area, Kware Village, which is located in upper Kwikila Station, Rigo District along Magi Highway in Central Province, Papua New Guinea, approximately 40 kilometers East from Port Moresby and 15 kilometers from the highway along an unsealed road to Kware Village. The Timber Authority approval for Areme area allows the Company to commercialize up to 5,000 cubic meters of timber within 12 months and is valid for an initial term of two years. The application has been lodged for the next PNG Forest Authority meeting scheduled April 2018 month end.
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