WA Kaolin（WAK）株式概要WAカオリン社は、オーストラリアでカオリン化花崗岩の鉱物資源を探査・開発している。 詳細WAK ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性2/6配当金0/6報酬過去5年間の収益は年間13.5%増加しました。 リスク分析株式の流動性は非常に低い 過去1年間で株主の希薄化は大幅に進んだ 意味のある時価総額がありません ( A$21M )すべてのリスクチェックを見るWAK Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.00971.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-21m51m2016201920222025202620282031Revenue AU$50.9mEarnings AU$6.8mAdvancedSet Fair ValueView all narrativesWA Kaolin Limited 競合他社Tasman ResourcesSymbol: ASX:TASMarket cap: AU$18.7mBurgundy Diamond MinesSymbol: ASX:BDMMarket cap: AU$24.2mMagmatic ResourcesSymbol: ASX:MAGMarket cap: AU$14.6mEverest MetalsSymbol: ASX:EMCMarket cap: AU$28.3m価格と性能株価の高値、安値、推移の概要WA Kaolin過去の株価現在の株価AU$0.00952週高値AU$0.03252週安値AU$0.009ベータ0.0191ヶ月の変化n/a3ヶ月変化n/a1年変化-69.56%3年間の変化-90.65%5年間の変化-93.45%IPOからの変化-94.66%最新ニュースNew Risk • May 20New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 231% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (231% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$20.8m market cap, or US$14.8m).お知らせ • Mar 21WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,490,892,100 Price\Range: AUD 0.01 Transaction Features: Rights OfferingNew Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$4.9m revenue, or US$3.4m). Market cap is less than US$100m (AU$16.8m market cap, or US$11.8m).お知らせ • Nov 24WA Kaolin Limited Announces Board ChangesWA Kaolin Limited announced the appointment of Mr. Matthew Shackleton as Chair of the Company. Matt joined WAK as a non-executive director in October 2025. Further, the Company advises the appointment of Mr. Abhi Anand as Company Secretary, replacing Mr. Andrew Sorensen.お知らせ • Nov 21Wa Kaolin Limited Announces Resignation of Sean Hu as DirectorWA Kaolin Limited in its AGM held on 21 November 2025. As announced at the commencement of the meeting, Resolution 2 Re-election of Director (Mr Sean Hu) was withdrawn, following Mr. Hu's resignation as a director prior to the AGM. Accordingly, Resolution 2 was not put to shareholders.お知らせ • Oct 20WA Kaolin Limited Announces Board Resignations, Effective October 20, 2025WA Kaolin Limited advised that Mr. Ken Hall has resigned as a Non-Executive Director of the Company, effective immediately. His alternate director, Mr. Brady Hall, has also resigned from the Board. Mr. Hall and Mr. Brady Hall have been long-standing and valued supporters of WA Kaolin, contributing significantly to the Company's progress through the establishment of its production base and the subsequent growth in sales.最新情報をもっと見るRecent updatesNew Risk • May 20New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 231% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (231% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$20.8m market cap, or US$14.8m).お知らせ • Mar 21WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,490,892,100 Price\Range: AUD 0.01 Transaction Features: Rights OfferingNew Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$4.9m revenue, or US$3.4m). Market cap is less than US$100m (AU$16.8m market cap, or US$11.8m).お知らせ • Nov 24WA Kaolin Limited Announces Board ChangesWA Kaolin Limited announced the appointment of Mr. Matthew Shackleton as Chair of the Company. Matt joined WAK as a non-executive director in October 2025. Further, the Company advises the appointment of Mr. Abhi Anand as Company Secretary, replacing Mr. Andrew Sorensen.お知らせ • Nov 21Wa Kaolin Limited Announces Resignation of Sean Hu as DirectorWA Kaolin Limited in its AGM held on 21 November 2025. As announced at the commencement of the meeting, Resolution 2 Re-election of Director (Mr Sean Hu) was withdrawn, following Mr. Hu's resignation as a director prior to the AGM. Accordingly, Resolution 2 was not put to shareholders.お知らせ • Oct 20WA Kaolin Limited Announces Board Resignations, Effective October 20, 2025WA Kaolin Limited advised that Mr. Ken Hall has resigned as a Non-Executive Director of the Company, effective immediately. His alternate director, Mr. Brady Hall, has also resigned from the Board. Mr. Hall and Mr. Brady Hall have been long-standing and valued supporters of WA Kaolin, contributing significantly to the Company's progress through the establishment of its production base and the subsequent growth in sales.お知らせ • Oct 02WA Kaolin Limited, Annual General Meeting, Oct 21, 2025WA Kaolin Limited, Annual General Meeting, Oct 21, 2025.分析記事 • Oct 01Does WA Kaolin (ASX:WAK) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Oct 01Full year 2025 earnings releasedFull year 2025 results: Revenue: AU$5.75m (up 123% from FY 2024). Net loss: AU$7.81m (loss narrowed 43% from FY 2024).New Risk • Sep 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (AU$2.9m revenue, or US$1.9m). Market cap is less than US$100m (AU$27.9m market cap, or US$18.4m).Board Change • Sep 16Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Alternate Director Cameron Baker is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Ken Hall was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.New Risk • Mar 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$2.9m revenue, or US$1.8m). Market cap is less than US$100m (AU$22.4m market cap, or US$14.1m).Reported Earnings • Mar 19First half 2025 earnings released: AU$0.007 loss per share (vs AU$0.015 loss in 1H 2024)First half 2025 results: AU$0.007 loss per share (improved from AU$0.015 loss in 1H 2024). Revenue: AU$1.52m (up 27% from 1H 2024). Net loss: AU$3.50m (loss narrowed 37% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$2.6m revenue, or US$1.6m). Market cap is less than US$100m (AU$26.2m market cap, or US$16.5m).New Risk • Feb 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$2.6m revenue, or US$1.6m). Market cap is less than US$100m (AU$25.1m market cap, or US$15.8m).お知らせ • Feb 06WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0018 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 65,000,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0018 Security Features: Attached Options Transaction Features: Rights OfferingReported Earnings • Oct 02Full year 2024 earnings released: AU$0.03 loss per share (vs AU$0.01 loss in FY 2023)Full year 2024 results: AU$0.03 loss per share (further deteriorated from AU$0.01 loss in FY 2023). Net loss: AU$13.6m (loss widened 262% from FY 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.New Risk • Oct 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (32% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$27.2m market cap, or US$18.9m).お知らせ • Aug 20WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 0.039 million.WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 0.039 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 650,002 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Security Features: Attached Optionsお知らせ • May 01+ 1 more updateWA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7.00233 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7.00233 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,200,001 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0012 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 82,505,501 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0012 Transaction Features: Subsequent Direct ListingNew Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$20.3m market cap, or US$13.5m).分析記事 • Mar 22Health Check: How Prudently Does WA Kaolin (ASX:WAK) Use Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Mar 20First half 2024 earnings released: AU$0.015 loss per share (vs AU$0.007 loss in 1H 2023)First half 2024 results: AU$0.015 loss per share (further deteriorated from AU$0.007 loss in 1H 2023). Net loss: AU$5.55m (loss widened 124% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.New Risk • Mar 16New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (AU$1.9m revenue, or US$1.2m). Market cap is less than US$100m (AU$33.1m market cap, or US$21.7m).お知らせ • Dec 28+ 1 more updateAndrew Sorensen Will Move from CEO to Director, Sales & Marketing of WA Kaolin LimitedWA Kaolin Limited announced Andrew Sorensen will move from his current role as CEO into the role of Director, Sales & Marketing and Founder, Alf Baker, will assume the role of Managing Director and will also take full time management responsibility at the Wickepin plant/mine.お知らせ • Dec 01WA Kaolin Limited Announces Board Changes, Effective 1 December 2023WA Kaolin Limited announced that Ms Cathy Moises has resigned effective 1 December 2023, in order to devote more time to her other non-executive Board roles. Cathy joined the Board in May 2020, prior to the Company's listing on the Australian Securities Exchange in November 2020 and has been an integral part of the Company's growth story to date. The Board thanks and recognises the contribution that she has made to the development of the Company. Cathy remains highly impressed by the commitment of the management team in bringing the tier one Wickepin kaolin project to commercial production. Cathy will remain a committed shareholder in the business and will watch the projectwith interest from the sidelines. The Board is advise that Mr. Ken Hall has been appointed as a director of the Company in place of Ms Moises. Mr. Hall, through his various holdings, is the Company's largest shareholder and brings a wealth of business experience to the Board. Mr. Brady Hall, Ken's son, has been appointed as an alternate director at thesame time. Ken is a former electrician who founded Kalgoorlie Power Systems (KPS) in 1981. KPS was subsequently sold to Pacific Energy Ltd, an ASX-listed company in 2009 and became its mainstay business in contract power generation. Ken retained almost 49% of Pacific Energy Ltd, which was subsequently sold in 2019 to Queensland Investment Corporation for $422 million. Ken has been involved in the mining industry for over 50 years and the contract power generation business for almost 40 years.Board Change • Nov 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Alternate Director Cameron Baker was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • Nov 25WA Kaolin Ltd Announces Mr. Pat Walta Resigs as Non- Executive DirectorThe Board of WA Kaolin Ltd. advised that Mr. Pat Walta has resigned as non- executive director, effective immediately.お知らせ • Oct 05WA Kaolin Limited, Annual General Meeting, Nov 24, 2023WA Kaolin Limited, Annual General Meeting, Nov 24, 2023. Agenda: To consider the re-election of directors.Reported Earnings • Sep 30Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.025 loss in FY 2022)Full year 2023 results: AU$0.01 loss per share (improved from AU$0.025 loss in FY 2022). Net loss: AU$3.75m (loss narrowed 50% from FY 2022).Reported Earnings • Mar 16First half 2023 earnings releasedFirst half 2023 results: Net loss: AU$2.48m (loss narrowed 39% from 1H 2022).お知らせ • Dec 07WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,333,333 Price\Range: AUD 0.15 Discount Per Security: AUD 0.06 Transaction Features: Subsequent Direct ListingBoard Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.Board Change • Nov 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Oct 02WA Kaolin Limited Auditor Raises 'Going Concern' DoubtWA Kaolin Limited filed its Annual on Sep 30, 2022 for the period ending Jun 30, 2022. In this report its auditor, BDO LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.Reported Earnings • Oct 01Full year 2022 earnings released: AU$0.025 loss per share (vs AU$0.093 loss in FY 2021)Full year 2022 results: AU$0.025 loss per share (improved from AU$0.093 loss in FY 2021). Net loss: AU$7.55m (loss narrowed 64% from FY 2021).お知らせ • Sep 30WA Kaolin Limited, Annual General Meeting, Nov 18, 2022WA Kaolin Limited, Annual General Meeting, Nov 18, 2022. Agenda: To consider the re-election of directors.お知らせ • Sep 20WA Kaolin Limited Announces Resignation of Non-Executive DirectorsThe Board of WA Kaolin Ltd. advised that Mr. Linton Putland and Mr. Rod Baxter have resigned as non-executive directors, effective immediately.お知らせ • Sep 10WA Kaolin Ltd Provides an Update on Commissioning of the Processing Plant At Wickepin Kaolin ProjectWA Kaolin Ltd. provided an update on commissioning of the processing plant at its Wickepin Kaolin Project. Following significant progress during the current quarter, WA Kaolin is on track to prove production at nameplate capacity of 25 tonnes per hour by the end of September. Commissioning progress to date has been highlighted by the production of high-quality kaolin which meets and exceeds the customer specification. The commissioning to date has seen each of the process steps run, including plant infeed; kiln drying; separation waste conveying; the silo transfer system and the bulk bag packaging station. The 20kg bagging station is due for commissioning in the last quarter of CY2022. The commissioning phase has to date been achieved with an outstanding safety record and the Company's upcoming work program on the plant includes commissioning of each of the process steps to nameplate capacity - to operate the full plant at nameplate capacity and conduct noise and stack testing. Earlier this year, commissioning of the plant was approved by the WA Department of Water and Environmental Regulation (DWER) and commenced on 27th June 2022. The processing plant has been constructed to utilise WA Kaolin's proprietary dry processing method, the K99 Process, designed specifically for the high-grade Wickepin kaolin resource. The K99 process will produce an ultra-bright, high-quality kaolin product at a low cost, in comparison to other methods which rely on chemical bleaching and multiple wet mechanical and magnetic separation methods. Prior to the commencement of production from Stage 1, WA Kaolin has in place offtake agreements and LOIs securing contracts covering 90% of the expected Stage 1 output.お知らせ • Jul 07WA Kaolin Limited Provides Operational Update Approaches the Commencement of Stage 1 Production at the Wickepin Kaolin ProjectWA Kaolin Ltd. provided an operational update as the Company approaches the commencement of Stage 1 production at the Wickepin Kaolin Project. In June 2022, WA Kaolin achieved practical completion of its Wickepin Plant on budget. The Company has commenced the commissioning of its Stage 1 Production plant and is on schedule to commence its Stage 1 production in late August. After commencing production, the output of Stage 1 is planned to steadily build up to the plant's nameplate capacity of 25 tonnes per hour (200,000tpa) by calendar year-end. Strong demand within the kaolin market has seen WA Kaolin secure offtake agreements and LOIs which cover 90% of the Stage 1 output, prior to the commencement of production.お知らせ • Jun 28WA Kaolin Limited Advises of the Practical Completion of the Processing Plant At the Wickepin Kaolin ProjectWA Kaolin Ltd. advised of the practical completion of the processing plant at the Wickepin Kaolin Project, with government endorsed construction compliance. Most notably, the Company reports that the completion has occurred within the Company's original budget which was detailed in the IPO Prospectus (ASX Announcement "WAK Prospectus" 24th November 2020). Following the delivery of the processing plant with an excellent safety record during construction, commissioning is the next vital step to provide a safe, efficient and operation-ready facility. Commissioning commences 27th June 2022 and processing run of mine ore is on track to begin in August 2022, with the ramp up to full production rate of 200,000tpa by year end. The processing plant has been constructed to utilise WA Kaolin's proprietary dry processing method, the K99 Process, designed specifically for the high-grade Wickepin kaolin resource. The K99 process will produce an ultra-bright, high-quality kaolin product at a low cost, in comparison to other methods which rely on chemical bleaching and multiple wet mechanical and magnetic separation methods. Prior to the commencement of production from Stage 1, WA Kaolin has in place offtake agreements and LOIs securing contracts covering 90% of the expected Stage 1 output. WA Kaolin holds the Wickepin Kaolin Project, 220km south-east of Perth, which has a 644.5 million tonnes Mineral Resource, including an Ore Reserve Estimate of 30.5 million tonnes of kaolinised granite. The Wickepin Project produces kaolin products for tier one customers and the Company aims to expand its production to 400,000tpa in a two-stage strategy. The Company anticipates reaching its first full production rate in late August 2022, at which time production is still targeted to commence at 25 tonnes per hour nameplate capacity and steadily increase to ~ 200,000 tonnes per annum rate by the end of CY22. WA Kaolin has a two-stage ramp up strategy. Stage 1 will see the production rate optimised up to 200,000tpa by end of CY22. The second stage will be to expand production to 400,000 tpa. The Company acquired the Wickepin Project in 1999 from Rio Tinto which, through exploration, had discovered and drilled out a Mineral Resource and commissioned engineering and feasibility studies. The acquisition included the tenements covered by the Wickepin Project and all associated engineering and feasibility studies.Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Apr 01WA Kaolin Limited Provides Operational UpdateWA Kaolin Limited reported that installation of all equipment and infrastructure required for the commencement of Stage 1 production is now complete. Additionally, the Company advises that all utilities are now connected. The Company is now completing the final touches of the plant including materials handling chutes, ducting and pipework allowing WA Kaolin to continue commissioning the plant. The commissioning program will see some kaolin ore processed in May ahead of full production before the end of second quarter of calendar year 2022.お知らせ • Feb 17WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 6.1 million.WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 6.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,888,890 Price\Range: AUD 0.18 Discount Per Security: AUD 0.0108 Transaction Features: Subsequent Direct Listingお知らせ • Feb 09WA Kaolin to Appoint Rod Baxter as Non-Executive Director to the Board Effective Mid-March 2022WA Kaolin Limited will appoint Mr. Rod Baxter as non-executive director to the Board effective mid-March 2022. Mr. Baxter is a highly respected mining executive and seasoned director, who has extensive international and multi-sector experience. Previous leadership roles include Managing Director and Non-Executive Chairman of listed and unlisted companies including Podium Minerals Ltd, Trigg Mining Ltd, Ausenco, Carmichael Rail and Cullen Wines and he has operated across several different industry sectors in Australia and internationally.お知らせ • Jan 19Wa Kaolin Ltd Provides Update on Its Recent Activities at its Wickepin Kaolin Project, 220Km South-East of Perth, WA, Where Installation and Pre-Commissioning Is Underway on Stage 1 of its Processing PlantWA Kaolin Ltd. provided an update on its recent activities at its Wickepin Kaolin Project, 220km south-east of Perth, WA, where installation and pre-commissioning is underway on Stage 1 of its processing plant. The Wickepin Kaolin Project contains a 644.5 million tonne Mineral Resource, including an Ore Reserve Estimate of 30.5 million tonnes of kaolinised granite, making it one of the world's large remaining primary kaolin resources. WA Kaolin is currently producing kaolin products using ore from Wickepin via its small-scale processing plant in Kwinana, WA, for tier one customers. WAK has a two-stage ramp up strategy. Stage one will see the production rate optimised up to 200,000tpa by end of Current year 2022. The second stage will be to expand production to 400,000tpa. WA Kaolin is committed to where possible, building its work force from the local Wickepin and surrounding community. In recent months, the Company has made the following appointments from within the local community: Logistics Manager, Procurement & OHS Officer, Office Administrator, Maintenance Supervisor, Laboratory Technician and Four Trades Assistants who will transition into production roles once the construction is completed. The company is also committed to providing sponsorships within the community, with recent examples including St John Country Ambulance Service (donation towards new defibrillator devices for the ambulances), Wickepin Football Club, Wickepin Bowling Club, Upper Great Southern Hockey Association and the Wickepin Car Rally.Board Change • Dec 06High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • Jan 15Wa Kaolin Limited Announces Commencement of Building Works At the Company's Wholly Owned Wickepin Kaolin ProjectWA Kaolin Limited advised shareholders that building works have commenced at the Company's wholly owned Wickepin Kaolin Project, located 220km south east of Perth, Western Australia. AUSPAN, one of Australia's leading steel frame construction companies has been contracted to carry out the Stage 1 Building Structural Design and Construction. AUSPAN has now mobilised to site to commence its work program with a team of circa 20 ramping up over coming weeks. The concrete batching plant was delivered to site on 6th January and work has commenced on the footings and part of the slab being laid ahead of the plant build. The project is timely, as kaolin contracts and orders continue to grow and the Kwinana production facility is sold out on a two shift 5-day basis.株主還元WAKAU Metals and MiningAU 市場7Dn/a-1.7%0.08%1Y-69.6%54.5%3.1%株主還元を見る業界別リターン: WAK過去 1 年間で54.5 % の収益を上げたAustralian Metals and Mining業界を下回りました。リターン対市場: WAKは、過去 1 年間で3.1 % のリターンを上げたAustralian市場を下回りました。価格変動Is WAK's price volatile compared to industry and market?WAK volatilityWAK Average Weekly Movementn/aMetals and Mining Industry Average Movement12.1%Market Average Movement10.4%10% most volatile stocks in AU Market17.6%10% least volatile stocks in AU Market4.4%安定した株価: WAKの株価は、 Australian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 過去 1 年間のWAKのボラティリティの変化を判断するには データが不十分です。会社概要設立従業員CEO（最高経営責任者ウェブサイト1998n/aAlf Bakerwww.wakaolin.com.auWAカオリン社は、オーストラリアでカオリン化花崗岩の鉱物資源を探査・開発している。同社は、西オーストラリア州ウィッケピンに位置する約10,000ヘクタールをカバーする4つの鉱区保有ライセンスと1つの採掘リースから成るウィッケピン・カオリン・プロジェクトの権益を保有している。WAカオリン社は1998年に設立され、オーストラリアのイースト・ロッキンガム(East Rockingham)に本社を置く。もっと見るWA Kaolin Limited 基礎のまとめWA Kaolin の収益と売上を時価総額と比較するとどうか。WAK 基礎統計学時価総額AU$20.79m収益（TTM）-AU$9.37m売上高(TTM)AU$8.80m2.4xP/Sレシオ-2.2xPER（株価収益率WAK は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計WAK 損益計算書（TTM）収益AU$8.80m売上原価AU$9.01m売上総利益-AU$214.31kその他の費用AU$9.15m収益-AU$9.37m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.0041グロス・マージン-2.44%純利益率-106.48%有利子負債／自己資本比率763.5%WAK の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 12:51終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋WA Kaolin Limited 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
New Risk • May 20New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 231% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (231% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$20.8m market cap, or US$14.8m).
お知らせ • Mar 21WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,490,892,100 Price\Range: AUD 0.01 Transaction Features: Rights Offering
New Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$4.9m revenue, or US$3.4m). Market cap is less than US$100m (AU$16.8m market cap, or US$11.8m).
お知らせ • Nov 24WA Kaolin Limited Announces Board ChangesWA Kaolin Limited announced the appointment of Mr. Matthew Shackleton as Chair of the Company. Matt joined WAK as a non-executive director in October 2025. Further, the Company advises the appointment of Mr. Abhi Anand as Company Secretary, replacing Mr. Andrew Sorensen.
お知らせ • Nov 21Wa Kaolin Limited Announces Resignation of Sean Hu as DirectorWA Kaolin Limited in its AGM held on 21 November 2025. As announced at the commencement of the meeting, Resolution 2 Re-election of Director (Mr Sean Hu) was withdrawn, following Mr. Hu's resignation as a director prior to the AGM. Accordingly, Resolution 2 was not put to shareholders.
お知らせ • Oct 20WA Kaolin Limited Announces Board Resignations, Effective October 20, 2025WA Kaolin Limited advised that Mr. Ken Hall has resigned as a Non-Executive Director of the Company, effective immediately. His alternate director, Mr. Brady Hall, has also resigned from the Board. Mr. Hall and Mr. Brady Hall have been long-standing and valued supporters of WA Kaolin, contributing significantly to the Company's progress through the establishment of its production base and the subsequent growth in sales.
New Risk • May 20New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 231% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (231% increase in shares outstanding). Minor Risk Market cap is less than US$100m (AU$20.8m market cap, or US$14.8m).
お知らせ • Mar 21WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 34.908921 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,490,892,100 Price\Range: AUD 0.01 Transaction Features: Rights Offering
New Risk • Jan 29New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.8m free cash flow). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Revenue is less than US$5m (AU$4.9m revenue, or US$3.4m). Market cap is less than US$100m (AU$16.8m market cap, or US$11.8m).
お知らせ • Nov 24WA Kaolin Limited Announces Board ChangesWA Kaolin Limited announced the appointment of Mr. Matthew Shackleton as Chair of the Company. Matt joined WAK as a non-executive director in October 2025. Further, the Company advises the appointment of Mr. Abhi Anand as Company Secretary, replacing Mr. Andrew Sorensen.
お知らせ • Nov 21Wa Kaolin Limited Announces Resignation of Sean Hu as DirectorWA Kaolin Limited in its AGM held on 21 November 2025. As announced at the commencement of the meeting, Resolution 2 Re-election of Director (Mr Sean Hu) was withdrawn, following Mr. Hu's resignation as a director prior to the AGM. Accordingly, Resolution 2 was not put to shareholders.
お知らせ • Oct 20WA Kaolin Limited Announces Board Resignations, Effective October 20, 2025WA Kaolin Limited advised that Mr. Ken Hall has resigned as a Non-Executive Director of the Company, effective immediately. His alternate director, Mr. Brady Hall, has also resigned from the Board. Mr. Hall and Mr. Brady Hall have been long-standing and valued supporters of WA Kaolin, contributing significantly to the Company's progress through the establishment of its production base and the subsequent growth in sales.
お知らせ • Oct 02WA Kaolin Limited, Annual General Meeting, Oct 21, 2025WA Kaolin Limited, Annual General Meeting, Oct 21, 2025.
分析記事 • Oct 01Does WA Kaolin (ASX:WAK) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Oct 01Full year 2025 earnings releasedFull year 2025 results: Revenue: AU$5.75m (up 123% from FY 2024). Net loss: AU$7.81m (loss narrowed 43% from FY 2024).
New Risk • Sep 30New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (AU$2.9m revenue, or US$1.9m). Market cap is less than US$100m (AU$27.9m market cap, or US$18.4m).
Board Change • Sep 16Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 1 independent director (2 non-independent directors). Alternate Director Cameron Baker is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Ken Hall was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
New Risk • Mar 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$2.9m revenue, or US$1.8m). Market cap is less than US$100m (AU$22.4m market cap, or US$14.1m).
Reported Earnings • Mar 19First half 2025 earnings released: AU$0.007 loss per share (vs AU$0.015 loss in 1H 2024)First half 2025 results: AU$0.007 loss per share (improved from AU$0.015 loss in 1H 2024). Revenue: AU$1.52m (up 27% from 1H 2024). Net loss: AU$3.50m (loss narrowed 37% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings.
New Risk • Mar 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (AU$2.6m revenue, or US$1.6m). Market cap is less than US$100m (AU$26.2m market cap, or US$16.5m).
New Risk • Feb 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (25% increase in shares outstanding). Revenue is less than US$5m (AU$2.6m revenue, or US$1.6m). Market cap is less than US$100m (AU$25.1m market cap, or US$15.8m).
お知らせ • Feb 06WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0018 Security Features: Attached Options Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 65,000,000 Price\Range: AUD 0.04 Discount Per Security: AUD 0.0018 Security Features: Attached Options Transaction Features: Rights Offering
Reported Earnings • Oct 02Full year 2024 earnings released: AU$0.03 loss per share (vs AU$0.01 loss in FY 2023)Full year 2024 results: AU$0.03 loss per share (further deteriorated from AU$0.01 loss in FY 2023). Net loss: AU$13.6m (loss widened 262% from FY 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings.
New Risk • Oct 01New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (32% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$27.2m market cap, or US$18.9m).
お知らせ • Aug 20WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 0.039 million.WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 0.039 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 650,002 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0036 Security Features: Attached Options
お知らせ • May 01+ 1 more updateWA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7.00233 million.WA Kaolin Limited has filed a Follow-on Equity Offering in the amount of AUD 7.00233 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 34,200,001 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0012 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 82,505,501 Price\Range: AUD 0.06 Discount Per Security: AUD 0.0012 Transaction Features: Subsequent Direct Listing
New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$20.3m market cap, or US$13.5m).
分析記事 • Mar 22Health Check: How Prudently Does WA Kaolin (ASX:WAK) Use Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Mar 20First half 2024 earnings released: AU$0.015 loss per share (vs AU$0.007 loss in 1H 2023)First half 2024 results: AU$0.015 loss per share (further deteriorated from AU$0.007 loss in 1H 2023). Net loss: AU$5.55m (loss widened 124% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
New Risk • Mar 16New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$12m free cash flow). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (AU$1.9m revenue, or US$1.2m). Market cap is less than US$100m (AU$33.1m market cap, or US$21.7m).
お知らせ • Dec 28+ 1 more updateAndrew Sorensen Will Move from CEO to Director, Sales & Marketing of WA Kaolin LimitedWA Kaolin Limited announced Andrew Sorensen will move from his current role as CEO into the role of Director, Sales & Marketing and Founder, Alf Baker, will assume the role of Managing Director and will also take full time management responsibility at the Wickepin plant/mine.
お知らせ • Dec 01WA Kaolin Limited Announces Board Changes, Effective 1 December 2023WA Kaolin Limited announced that Ms Cathy Moises has resigned effective 1 December 2023, in order to devote more time to her other non-executive Board roles. Cathy joined the Board in May 2020, prior to the Company's listing on the Australian Securities Exchange in November 2020 and has been an integral part of the Company's growth story to date. The Board thanks and recognises the contribution that she has made to the development of the Company. Cathy remains highly impressed by the commitment of the management team in bringing the tier one Wickepin kaolin project to commercial production. Cathy will remain a committed shareholder in the business and will watch the projectwith interest from the sidelines. The Board is advise that Mr. Ken Hall has been appointed as a director of the Company in place of Ms Moises. Mr. Hall, through his various holdings, is the Company's largest shareholder and brings a wealth of business experience to the Board. Mr. Brady Hall, Ken's son, has been appointed as an alternate director at thesame time. Ken is a former electrician who founded Kalgoorlie Power Systems (KPS) in 1981. KPS was subsequently sold to Pacific Energy Ltd, an ASX-listed company in 2009 and became its mainstay business in contract power generation. Ken retained almost 49% of Pacific Energy Ltd, which was subsequently sold in 2019 to Queensland Investment Corporation for $422 million. Ken has been involved in the mining industry for over 50 years and the contract power generation business for almost 40 years.
Board Change • Nov 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Alternate Director Cameron Baker was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 25WA Kaolin Ltd Announces Mr. Pat Walta Resigs as Non- Executive DirectorThe Board of WA Kaolin Ltd. advised that Mr. Pat Walta has resigned as non- executive director, effective immediately.
お知らせ • Oct 05WA Kaolin Limited, Annual General Meeting, Nov 24, 2023WA Kaolin Limited, Annual General Meeting, Nov 24, 2023. Agenda: To consider the re-election of directors.
Reported Earnings • Sep 30Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.025 loss in FY 2022)Full year 2023 results: AU$0.01 loss per share (improved from AU$0.025 loss in FY 2022). Net loss: AU$3.75m (loss narrowed 50% from FY 2022).
Reported Earnings • Mar 16First half 2023 earnings releasedFirst half 2023 results: Net loss: AU$2.48m (loss narrowed 39% from 1H 2022).
お知らせ • Dec 07WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million.WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 5 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,333,333 Price\Range: AUD 0.15 Discount Per Security: AUD 0.06 Transaction Features: Subsequent Direct Listing
Board Change • Nov 16High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
Board Change • Nov 01High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 02WA Kaolin Limited Auditor Raises 'Going Concern' DoubtWA Kaolin Limited filed its Annual on Sep 30, 2022 for the period ending Jun 30, 2022. In this report its auditor, BDO LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Reported Earnings • Oct 01Full year 2022 earnings released: AU$0.025 loss per share (vs AU$0.093 loss in FY 2021)Full year 2022 results: AU$0.025 loss per share (improved from AU$0.093 loss in FY 2021). Net loss: AU$7.55m (loss narrowed 64% from FY 2021).
お知らせ • Sep 30WA Kaolin Limited, Annual General Meeting, Nov 18, 2022WA Kaolin Limited, Annual General Meeting, Nov 18, 2022. Agenda: To consider the re-election of directors.
お知らせ • Sep 20WA Kaolin Limited Announces Resignation of Non-Executive DirectorsThe Board of WA Kaolin Ltd. advised that Mr. Linton Putland and Mr. Rod Baxter have resigned as non-executive directors, effective immediately.
お知らせ • Sep 10WA Kaolin Ltd Provides an Update on Commissioning of the Processing Plant At Wickepin Kaolin ProjectWA Kaolin Ltd. provided an update on commissioning of the processing plant at its Wickepin Kaolin Project. Following significant progress during the current quarter, WA Kaolin is on track to prove production at nameplate capacity of 25 tonnes per hour by the end of September. Commissioning progress to date has been highlighted by the production of high-quality kaolin which meets and exceeds the customer specification. The commissioning to date has seen each of the process steps run, including plant infeed; kiln drying; separation waste conveying; the silo transfer system and the bulk bag packaging station. The 20kg bagging station is due for commissioning in the last quarter of CY2022. The commissioning phase has to date been achieved with an outstanding safety record and the Company's upcoming work program on the plant includes commissioning of each of the process steps to nameplate capacity - to operate the full plant at nameplate capacity and conduct noise and stack testing. Earlier this year, commissioning of the plant was approved by the WA Department of Water and Environmental Regulation (DWER) and commenced on 27th June 2022. The processing plant has been constructed to utilise WA Kaolin's proprietary dry processing method, the K99 Process, designed specifically for the high-grade Wickepin kaolin resource. The K99 process will produce an ultra-bright, high-quality kaolin product at a low cost, in comparison to other methods which rely on chemical bleaching and multiple wet mechanical and magnetic separation methods. Prior to the commencement of production from Stage 1, WA Kaolin has in place offtake agreements and LOIs securing contracts covering 90% of the expected Stage 1 output.
お知らせ • Jul 07WA Kaolin Limited Provides Operational Update Approaches the Commencement of Stage 1 Production at the Wickepin Kaolin ProjectWA Kaolin Ltd. provided an operational update as the Company approaches the commencement of Stage 1 production at the Wickepin Kaolin Project. In June 2022, WA Kaolin achieved practical completion of its Wickepin Plant on budget. The Company has commenced the commissioning of its Stage 1 Production plant and is on schedule to commence its Stage 1 production in late August. After commencing production, the output of Stage 1 is planned to steadily build up to the plant's nameplate capacity of 25 tonnes per hour (200,000tpa) by calendar year-end. Strong demand within the kaolin market has seen WA Kaolin secure offtake agreements and LOIs which cover 90% of the Stage 1 output, prior to the commencement of production.
お知らせ • Jun 28WA Kaolin Limited Advises of the Practical Completion of the Processing Plant At the Wickepin Kaolin ProjectWA Kaolin Ltd. advised of the practical completion of the processing plant at the Wickepin Kaolin Project, with government endorsed construction compliance. Most notably, the Company reports that the completion has occurred within the Company's original budget which was detailed in the IPO Prospectus (ASX Announcement "WAK Prospectus" 24th November 2020). Following the delivery of the processing plant with an excellent safety record during construction, commissioning is the next vital step to provide a safe, efficient and operation-ready facility. Commissioning commences 27th June 2022 and processing run of mine ore is on track to begin in August 2022, with the ramp up to full production rate of 200,000tpa by year end. The processing plant has been constructed to utilise WA Kaolin's proprietary dry processing method, the K99 Process, designed specifically for the high-grade Wickepin kaolin resource. The K99 process will produce an ultra-bright, high-quality kaolin product at a low cost, in comparison to other methods which rely on chemical bleaching and multiple wet mechanical and magnetic separation methods. Prior to the commencement of production from Stage 1, WA Kaolin has in place offtake agreements and LOIs securing contracts covering 90% of the expected Stage 1 output. WA Kaolin holds the Wickepin Kaolin Project, 220km south-east of Perth, which has a 644.5 million tonnes Mineral Resource, including an Ore Reserve Estimate of 30.5 million tonnes of kaolinised granite. The Wickepin Project produces kaolin products for tier one customers and the Company aims to expand its production to 400,000tpa in a two-stage strategy. The Company anticipates reaching its first full production rate in late August 2022, at which time production is still targeted to commence at 25 tonnes per hour nameplate capacity and steadily increase to ~ 200,000 tonnes per annum rate by the end of CY22. WA Kaolin has a two-stage ramp up strategy. Stage 1 will see the production rate optimised up to 200,000tpa by end of CY22. The second stage will be to expand production to 400,000 tpa. The Company acquired the Wickepin Project in 1999 from Rio Tinto which, through exploration, had discovered and drilled out a Mineral Resource and commissioned engineering and feasibility studies. The acquisition included the tenements covered by the Wickepin Project and all associated engineering and feasibility studies.
Board Change • Apr 27High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Apr 01WA Kaolin Limited Provides Operational UpdateWA Kaolin Limited reported that installation of all equipment and infrastructure required for the commencement of Stage 1 production is now complete. Additionally, the Company advises that all utilities are now connected. The Company is now completing the final touches of the plant including materials handling chutes, ducting and pipework allowing WA Kaolin to continue commissioning the plant. The commissioning program will see some kaolin ore processed in May ahead of full production before the end of second quarter of calendar year 2022.
お知らせ • Feb 17WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 6.1 million.WA Kaolin Limited has completed a Follow-on Equity Offering in the amount of AUD 6.1 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 33,888,890 Price\Range: AUD 0.18 Discount Per Security: AUD 0.0108 Transaction Features: Subsequent Direct Listing
お知らせ • Feb 09WA Kaolin to Appoint Rod Baxter as Non-Executive Director to the Board Effective Mid-March 2022WA Kaolin Limited will appoint Mr. Rod Baxter as non-executive director to the Board effective mid-March 2022. Mr. Baxter is a highly respected mining executive and seasoned director, who has extensive international and multi-sector experience. Previous leadership roles include Managing Director and Non-Executive Chairman of listed and unlisted companies including Podium Minerals Ltd, Trigg Mining Ltd, Ausenco, Carmichael Rail and Cullen Wines and he has operated across several different industry sectors in Australia and internationally.
お知らせ • Jan 19Wa Kaolin Ltd Provides Update on Its Recent Activities at its Wickepin Kaolin Project, 220Km South-East of Perth, WA, Where Installation and Pre-Commissioning Is Underway on Stage 1 of its Processing PlantWA Kaolin Ltd. provided an update on its recent activities at its Wickepin Kaolin Project, 220km south-east of Perth, WA, where installation and pre-commissioning is underway on Stage 1 of its processing plant. The Wickepin Kaolin Project contains a 644.5 million tonne Mineral Resource, including an Ore Reserve Estimate of 30.5 million tonnes of kaolinised granite, making it one of the world's large remaining primary kaolin resources. WA Kaolin is currently producing kaolin products using ore from Wickepin via its small-scale processing plant in Kwinana, WA, for tier one customers. WAK has a two-stage ramp up strategy. Stage one will see the production rate optimised up to 200,000tpa by end of Current year 2022. The second stage will be to expand production to 400,000tpa. WA Kaolin is committed to where possible, building its work force from the local Wickepin and surrounding community. In recent months, the Company has made the following appointments from within the local community: Logistics Manager, Procurement & OHS Officer, Office Administrator, Maintenance Supervisor, Laboratory Technician and Four Trades Assistants who will transition into production roles once the construction is completed. The company is also committed to providing sponsorships within the community, with recent examples including St John Country Ambulance Service (donation towards new defibrillator devices for the ambulances), Wickepin Football Club, Wickepin Bowling Club, Upper Great Southern Hockey Association and the Wickepin Car Rally.
Board Change • Dec 06High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman John White is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Jan 15Wa Kaolin Limited Announces Commencement of Building Works At the Company's Wholly Owned Wickepin Kaolin ProjectWA Kaolin Limited advised shareholders that building works have commenced at the Company's wholly owned Wickepin Kaolin Project, located 220km south east of Perth, Western Australia. AUSPAN, one of Australia's leading steel frame construction companies has been contracted to carry out the Stage 1 Building Structural Design and Construction. AUSPAN has now mobilised to site to commence its work program with a team of circa 20 ramping up over coming weeks. The concrete batching plant was delivered to site on 6th January and work has commenced on the footings and part of the slab being laid ahead of the plant build. The project is timely, as kaolin contracts and orders continue to grow and the Kwinana production facility is sold out on a two shift 5-day basis.
