WA Kaolin Limited (ASX:WAK)
WA Kaolin Limited (ASX:WAK) is a mineral exploration, extraction and processing company poised for significant growth due to increasing global demand for a little-known product, kaolin, which has a bright future and a growing range of applications.
Since the late 1990s, WA Kaolin has been quietly and carefully establishing itself and is now ready to expand and aims to become the preferred supplier of high-quality kaolin products to Asian and global markets.
WA Kaolin’s resources were originally discovered and developed by RioTinto, and acquired by WA Kaolin in 1998.
Since then, WA Kaolin has progressively established and developed the necessary foundations for successful commercialisation including reviewing Rio Tinto data and results, confirming the quality of the resources with potential customers and external laboratories, and designing and developing processing IP, and relevant capital, operating cost and financial models.
Furthermore, WA Kaolin has built and operated a pilot plant, proved new processes at commercial scale, while the owners acquired surrounding property and accesses including securing title.
The founding directors have de-risked the scale up opportunity of the project through the methodical preparation of intellectual property, market development, relevant approvals and establishing its social licence to operate through AU$39 million of investment (including acquisition cost).