New Risk • May 20
New major risk - Shareholder dilution The 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). Announcement • Mar 21
WA 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 29
New minor risk - Share price stability The 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). Announcement • Nov 24
WA Kaolin Limited Announces Board Changes WA 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. Announcement • Nov 21
Wa Kaolin Limited Announces Resignation of Sean Hu as Director WA 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. Announcement • Oct 20
WA Kaolin Limited Announces Board Resignations, Effective October 20, 2025 WA 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. Announcement • Oct 02
WA Kaolin Limited, Annual General Meeting, Oct 21, 2025 WA Kaolin Limited, Annual General Meeting, Oct 21, 2025. Reported Earnings • Oct 01
Full year 2025 earnings released Full 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 30
New minor risk - Financial data availability The 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 16
Less than half of directors are independent There 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 22
New major risk - Shareholder dilution The 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 19
First 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 12
New major risk - Share price stability The 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 07
New minor risk - Share price stability The 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). Announcement • Feb 06
WA 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 02
Full 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 01
New minor risk - Financial data availability The 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). Announcement • Aug 20
WA 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 New Risk • Apr 10
New minor risk - Share price stability The 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). Reported Earnings • Mar 20
First 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 16
New major risk - Financial position The 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). Announcement • Dec 01
WA Kaolin Limited Announces Board Changes, Effective 1 December 2023 WA 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 30
Insufficient new directors No 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. Announcement • Nov 25
WA Kaolin Ltd Announces Mr. Pat Walta Resigs as Non- Executive Director The Board of WA Kaolin Ltd. advised that Mr. Pat Walta has resigned as non- executive director, effective immediately. Announcement • Oct 05
WA Kaolin Limited, Annual General Meeting, Nov 24, 2023 WA Kaolin Limited, Annual General Meeting, Nov 24, 2023. Agenda: To consider the re-election of directors. Reported Earnings • Sep 30
Full 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 16
First half 2023 earnings released First half 2023 results: Net loss: AU$2.48m (loss narrowed 39% from 1H 2022). Announcement • Dec 07
WA 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 16
High number of new and inexperienced directors There 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 01
High number of new and inexperienced directors There 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. Announcement • Oct 02
WA Kaolin Limited Auditor Raises 'Going Concern' Doubt WA 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 01
Full 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). Announcement • Sep 30
WA Kaolin Limited, Annual General Meeting, Nov 18, 2022 WA Kaolin Limited, Annual General Meeting, Nov 18, 2022. Agenda: To consider the re-election of directors. Announcement • Sep 20
WA Kaolin Limited Announces Resignation of Non-Executive Directors The Board of WA Kaolin Ltd. advised that Mr. Linton Putland and Mr. Rod Baxter have resigned as non-executive directors, effective immediately. Announcement • Sep 10
WA Kaolin Ltd Provides an Update on Commissioning of the Processing Plant At Wickepin Kaolin Project WA 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. Announcement • Jul 07
WA Kaolin Limited Provides Operational Update Approaches the Commencement of Stage 1 Production at the Wickepin Kaolin Project WA 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. Announcement • Jun 28
WA Kaolin Limited Advises of the Practical Completion of the Processing Plant At the Wickepin Kaolin Project WA 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 27
High number of new and inexperienced directors There 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. Announcement • Apr 01
WA Kaolin Limited Provides Operational Update WA 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. Announcement • Feb 17
WA 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 Announcement • Feb 09
WA Kaolin to Appoint Rod Baxter as Non-Executive Director to the Board Effective Mid-March 2022 WA 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. Announcement • Jan 19
Wa 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 Plant WA 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 06
High number of new and inexperienced directors There 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. Announcement • Jan 15
Wa Kaolin Limited Announces Commencement of Building Works At the Company's Wholly Owned Wickepin Kaolin Project WA 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. 
