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WA Kaolin Limited (ASX:WAK)

ALERT: Price-sensitive ASX Announcement for WAK
Current share price for WAK : $0.007 -0.034 (-82.93%)+
Announcement
Release
29 Apr 2025 9:42AM
Price at Release
$0.041
Full Release
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Summary
WA Kaolin Limited (WAK) released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 31 March 2023, highlighting the significant operational progress made at its Wickepin Kaolin Project, including increased production and sales, the completion of key infrastructure, and successful shipment to new and existing customers. The company secured an export contract with a major Japanese trading house, advanced the construction of its Stage One processing plant, and continued to focus on sales growth and cost management amid inflationary pressures. The report details ongoing exploration efforts, financial performance including cash flows, and outlines priorities for the next quarter, especially regarding plant commissioning and additional sales contracts.
Key Points
  • WAK continued development and commissioning of the Wickepin Kaolin Project.
  • Significant increase in kaolin production and sales compared to the previous quarter.
  • Completion of key infrastructure items, including processing plant modules and utilities.
  • Secured a new export contract with a major Japanese trading house, expanding international reach.
  • Achieved first shipments to new customers in Japan and Korea.
  • Ongoing negotiations for further offtake and distribution agreements.
  • Focused on operational efficiency and cost management in the face of inflationary pressures.
  • Continued exploration activities and resource development at Wickepin.
  • Quarterly cash inflows from product sales increased; detailed financials provided in Appendix 5B.
  • Cash at the end of the quarter was $3.1 million.
  • Priority for next quarter includes commissioning of the final plant modules and ramp-up of production.
  • Active engagement with potential customers and ongoing efforts to secure additional contracts.
  • Board and management remain focused on achieving sustained sales growth and operational targets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.