InvestSMART

WA Kaolin Limited (ASX:WAK)

ALERT: Price-sensitive ASX Announcement for WAK
Current share price for WAK : $0.006 0 (0%)+
Announcement
Release
31 Jul 2026 6:56PM
Price at Release
$0.006
Full Release
download
Summary
WA Kaolin Limited reported a cash position of $2.090 million as of June 30, 2026. The company did not engage in further exploration activities during the quarter but spent $3.46 million on production, primarily on freight and mining costs. Payments to related parties totaled $287,004. A significant recapitalisation raised $6 million and converted $10.13 million of debt into equity, enhancing the balance sheet. During a planned shutdown, the company completed essential maintenance and upgrades, impacting production. The Wickepin project remains a prominent asset with substantial kaolin resources. The company continues to explore funding options to secure its financial position.
Key Points
  • WA Kaolin Limited's cash position at the end of June 2026 was $2.090 million.
  • Net cash used in operating activities for the quarter was $4.056 million.
  • No further exploration activities were undertaken during the quarter.
  • Production costs for the quarter amounted to approximately $3.46 million.
  • Payments made to related parties during the quarter totaled $287,004.
  • The company completed a recapitalisation, reducing debt and raising $6.0 million in new cash.
  • WA Kaolin Limited has interests in several tenements, with no changes in ownership.
  • The company underwent maintenance and upgrades during a three-week shutdown, affecting production.
  • WA Kaolin's Wickepin project holds a significant resource of high-grade kaolin.
  • The company is evaluating additional funding options to ensure sufficient capital.
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.