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WA Kaolin Limited (ASX:WAK)

ALERT: Price-sensitive ASX Announcement for WAK
Current share price for WAK : $0.006 0 (0%)+
Announcement
Release
30 Jul 2026 9:45AM
Price at Release
$0.006
Full Release
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Summary
WA Kaolin Limited announced the receipt of significant order cancellations from Dak Tai Trading Limited, which are attributed to disruptions in production and delivery. This affects primarily the fibreglass grade of kaolin, which holds the lowest margin in their product range. In response, the company is revisiting its operational strategies, including production and workforce adjustments, with a focus on higher-margin products. A trading halt has been granted by ASX to facilitate this review process.
Key Points
  • WA Kaolin Limited received a written notification from Dak Tai Trading Limited about order cancellations.
  • Only 2,496 tonnes of orders are scheduled to proceed in the next two weeks.
  • The cancellations are due to customers finding alternative supplies after WAK's production disruptions.
  • The cancelled orders pertain to the low-margin fibreglass grade of kaolin.
  • WAK had already planned a shift from fibreglass to higher-value products.
  • The company is reviewing its operating plan and may repurpose plant capacity.
  • A trading halt was applied for and granted by ASX to complete the review.
  • Discussions with Dak Tai on future supply arrangements continue.
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.