Wa Kaolin Limited · ASX:WAK
Wa Kaolin — Shareholder Meeting (May 2026)
11 slides from Wa Kaolin's shareholder meeting presentation, May 8, 2026
Slide 1: Restructured Balance Sheet Enabling Delivery of Shareholder Value
WA KAOLIN LIMITED RESTRUCTURED BALANCE SHEET ENABLING DELIVERY OF SHAREHOLDER VALUE General Meeting of Shareholders Friday 8 May 2026
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by WA Kaolin Ltd (WAK). This document contains background presentation are not intended to represent recommendations of particular investments to particular persons. information about WAK current at the date of this presentation. Th
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Multi-Generation Life of Mine | Current Resource +73 years of production | Globally Significant Tier 1 Resource Highly leveraged to increased production | Newly built, specialised processing facility Processing beginning to stabilise | Positive 9-month trend in plant availabili
Slide 4: Equity Raise to Restructure the Balance Sheet
EQUITY RAISE TO RESTRUCTURE THE BALANCE SHEET 2.2bn Shares on Issue 1 $0.01 Share Price2 $22.3M Market Capitalisation $5.5M 1 Cash1 $34.0M Enterprise Value 1 Pro-Forma Balance Sheet 31 Dec ‘25 (A$m) Min (A$m) Max (A$m) Key Shareholders to provide $14.8m of Equity Total Raise in the Entitlement Offer
Slide 5: Entitlement Offer Timetable
ENTITLEMENT OFFER TIMETABLE Event Date Announce Offers Monday, 30 March 2026 Ex-date of Offers Thursday, 2 April 2026 Record Date for determining entitlements Tuesday, 7 April 2026 Offers Open Friday, 10 April 2026 Last Day for the Company to extend the Offer Thursday, 7 May 2026 Shareholder Meeting
Slide 6: Board & Management Team
BOARD & MANAGEMENT TEAM Matt Shackleton Alf Baker Catherine Lynch Andrew Sorensen Abhi Anand Chairman & Non-Executive Director Managing Director Non-Executive Director Executive Director Chief Financial Officer Joined 15 Oct 2025 Founder Joined 15 October 2025 Joined 05 October 2017 Joined 28 March
Slide 7: Resource
RESOURCE • The Wickepin Project (the “Project”) is located near the town of Wickepin, 220km southeast of the port of Fremantle, Western Australia. • WAK is the 100% holder of Mining Lease M70/1143, Retention Licenses R70/40, 42, 43 & 44, Miscellaneous License L70/156 and General Purpose Lease G70/25
Slide 8: Wickepin Processing Plant
WICKEPIN PROCESSING PLANT • WA Kaolin’s processing plant was commissioned in October 2022 at a capital cost of c. $20m. • The plant was expanded in March 2025 at a capital cost of c. $3.4m with the installation of two classifiers to produce finer grade, higher value kaolin products. • Plant sits c.1
Slide 9: Production Summary
PRODUCTION SUMMARY • Time-on-feed beginning to trend positively, supporting higher and more consistent production rates. • Issues affecting low recoveries from ore identified with plant improvements planned to increase yields: • Waste recovery project: currently waste streams comprise an estimated 3
Slide 10: What's Required to Deliver – Challenge Accepted
WHAT’S REQUIRED TO DELIVER – CHALLENGE ACCEPTED The Challenge What is required, and when 1. Plant: Low time-on-feed (c.45%) due to generator & plant 1. Proposed plant improvement initiatives as above failures, and unscheduled maintenance shutdowns designed to increase plant availability 2. Waste: Ap
Slide 11: Contact Us
CONTACT US www.wakaolin.com.au Alf Baker| Managing Director +61 419314283 abaker@wakaolin.com.au Andrew Sorensen | Executive Director +61 8 9439 6300 asorensen@wakaolin.com.au