Wa Kaolin Limited · ASX:WAK
Wa Kaolin — Investor Presentation (October 2021)
19 slides from Wa Kaolin's investor presentation, October 2021
Slide 1: NWR Resources Series Presentation
NWR Resources Series Presentation October 2021 Production of High Purity Kaolin From One of the World’s Largest Primary Resources
Slide 2: Investment Overview
Investment Overview A high quality, long life, permitted Kaolin Project located in Wickepin, 220km south-east of Perth. WA Kaolin raised $22m on IPO (November 2020). Global Demand World Class Mineral De-Risked through Proven Low Cost Customers Exceeds Supply Resource Investment Production & Offtake
Slide 3: Low Capital Intensity
Low Capital Intensity Simple Strong Potential for Mining Cash Flow Low CAPEX Staged Ramp Up Delivery Capability Amenable to free digging, open A Definitive Feasibility Study Estimated capex of circa $18 Stage 1 will deliver WAK’s plant The Board and Executive team cut campaign mining with a low (DFS
Slide 4: About Kaolin
About Kaolin Overview A platy white clay derived from the mineral Kaolinite formed by The Ceramics Industry hydrothermal weathering of igneous rock such as granite Kaolin increases the durability of ceramics as well as the smoothness and whiteness of the finished product. A common mineral, howev
Slide 5: Kaolin Market
5 Paper & Packaging Ceramics Paint & Coatings Kaolin Market Fibreglass Plastic Rubber Kaolin Market by Application (US$m) Pharmaceuticals & Medicine Cosmetics Others North America Europe Asia Pacific Kaolin Market by Region (US$m) Central South America Middle East Africa
Slide 6: The Wickepin Project
The Wickepin Project 6
Slide 7: Wickepin Project Overview
Wickepin Project Overview Location WAK's project is located in Wickepin, 220 km south-east of Perth, Western Australia Existing processing plant is currently located on portside industrial land in Kwinana, south of Perth in Western Australia All infrastructure located close to WAK’s mine and p
Slide 8: One of the World’s Largest Remaining Primary Resources
One of the World’s Largest Remaining Primary Resources Reserves of Kaolin Resources of Kaolin Producer Country Type (mt)1 (mt)1 WA Kaolin Australia Primary 13.42 270.02 Imerys (Listed Conglomerate) All Areas Primary/Secondary 98.9 151.7 KaMin (Private) All Areas Secondary 120.8 0 BASF (Private) All
Slide 9: Staged Ramp Up to 400,000 tpa and beyond
Staged Ramp Up to 400,000 tpa and beyond 2021 Stage 1 Current Operations Stage 2 Ramp Up Future Scale Up Ramp Up K99 K99 Expand K99 Further Expansion of Proof of Concept Plant, Kwinana, WA Commercial Scale, Wickepin Capacity, Wickepin K99 Capacity, Wickepin Existing Production 25t/hour 50t/hou
Slide 10: Stage 1 – Concept to Construction
Stage 1 – Concept to Construction Construction on target for completion 2021 Key components acquired Generator testing complete – to power entire site Kiln delivered – installation imminent Recent Milestones 15 year contract signed for LNG supply Bagging solution contract signed with Haver
Slide 11: The Plant and The Pit
The Plant and The Pit 11
Slide 12: Stage 1 Project Program
Stage 1 Project Program 2020 2021 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Pre IPO IPO Civil Major Works Contracted & Complete Minor Works Silos Procurement and Fabrication Installation Bagging Procurement and Fabrication Installation Kiln Procurement and Fabrication Insta
Slide 13: Existing Customers
Existing Customers WA Kaolin Customers % Country Vertical About of Production Demand for WAK’s kaolin products from Executed Offtake - Distributor servicing the fibreglass China & Taiwan 39% Fibreglass existing customers is driving the expansion market in China and Taiwan timing and strategy. Taiw
Slide 14: Corporate Overview
Corporate Overview Substantial Shareholders Top 20 Shareholders 67.45% Owners & Board 38.41% No. of Shareholders 1,481 Corporate Structure (@ 4th October 2021) Shares on Issue 282,821,885 Market Capitalisation $58m @ 20.5c p/share Unlisted Options 167,232,813 Performance Rights 27,500,000 Cash $7.5m
Slide 15: Experienced & Invested Executive Team
Experienced & Invested Executive Team Dr John White Andrew Sorensen Alf Baker Linton Putland Cathy Moises Michael Kenyon Chairman CEO Executive Director Non-Exec Director Non-Exec Director CFO & CoSec Director and/or CEO of several Over 30 years’ experience in (17.64% Current Ownership) Degrees in m
Slide 16: Definitive Feasibility Study Complete
Definitive Feasibility Study Complete DFS carried out by BDB Process Pty Ltd in 2020 DFS confirms positive outcomes for the development of the Wickepin Project: Stage 1 initial production of 200,000 tonnes per annum (tpa) of kaolin product Stage 2 see ramp up to 400,000 tpa Life Mine of 31 y
Slide 17: Key DFS Outcomes
Key DFS Outcomes Key Financial Parameters Value Average NPV(7) LOM ($k) 256,709 IRR 47% Kaolin Sold t 3,760 313 $k 1,208,159 100,680 Average $/t 321 Cost of Sales $k (incl freight to Port) (601,737) (50,145) $/t (160) Gross Margin $k 606,421 50,535 % of Sales Revenue 50% Total Operating Expenses $k
Slide 18: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by WA Kaolin Ltd (WAK). This document contains background To the fullest extent permitted by law, WAK and its related bodies corporate, its directors, officers, information about WAK current at the date of this presentation. The
Slide 19: Andrew Sorensen CEO
Andrew Sorensen CEO asorensen@wakaolin.com.au +61 8 9439 6300 wakaolin.com.au Investor Relations Victoria Humphries victoria@nwrcommunications.com.au 19