Wa Kaolin Limited · ASX:WAK
Wa Kaolin — Investor Presentation (March 2023)
14 slides from Wa Kaolin's investor presentation, March 2023
Slide 1: Delivering ultra bright, high purity Kaolin into a global market
Delivering ultra bright, high purity Kaolin into a global market for decades to come INVESTOR PRESENTATION Production Ramp Up and Advancing Stage 2 at the World Class Wickepin Kaolin Operation MARCH 2023
Slide 2: Important Notice and Disclaimer
Important Notice and Disclaimer This presentation has been prepared by WA Kaolin Ltd (WAK). This document contains background otherwise and do not make any representation or warranty, express or implied, as to the currency, accuracy, information about WAK current at the date of this presentation. Th
Slide 3: Compelling Investment Proposition
Compelling Investment Proposition Long-life supply of superior quality Kaolin, with a global competitive advantage through proximity to the dominant Asian end user market WAK is an Emerging Globally Significant Kaolin Producer • One of the largest ultra bright high purity Kaolin deposits in the worl
Slide 4: WAK Ramping Up to 400,000 tpa and beyond
WAK Ramping Up to 400,000 tpa and beyond Pilot 2022 Stage 1 2024 Stage 2 Future Operations Ramp Up Ramp Up Scale Up K99 Proof of Concept K99 Commercial Scale K99 Capacity Expansion Further K99 Expansion Plant Kwinana, WA Wickepin, WA Wickepin, WA Wickepin, WA • Pilot Plant Production • 25t/hour • 50
Slide 5: 2022 Milestones
2022 Milestones Wickepin Plant Operational • Stage 1 operations underway: First production in September 2022 • Operational start up completed to budget despite challenging environment (COVID-19, supply chain, labour shortages) • Accelerated early investment into portions of Stage 2 production ramp u
Slide 6: Corporate Snapshot
Corporate Snapshot Corporate Structure Board & Management SHARES ON ISSUE 371,591,503 MARKET CAPITALISATION $55.7m @ 15.0c PER SHARE UNLISTED OPTIONS1 167,232,813 PERFORMANCE RIGHTS 27,500,000 John White Alf Baker Cathy Moises 1 Weighted average option exercise price is $0.27 and expiring between No
Slide 7: Wickepin Kaolin Operation: Overview
Wickepin Kaolin Operation: Overview World Class Deposit • Discovered by Rio Tinto in 1980’s (acquired by WA Kaolin in 1999) • Ore Reserve: 30.5 mt1 of ultra bright, high purity kaolinised granite • Mineral Resource: 644.5mt2 of ultra bright, high purity kaolinised granite (includes ore reserve) • Th
Slide 8: Kaolin Market Growing Strongly
Kaolin Market Growing Strongly Market Size & Growth • 2021: Over US$4.2 billion in global kaolin market sales Global Kaolin Market • Continued strong global Kaolin market growth, forecast 3.7% compound 5% 2% 16% growth 2022-2030 • Asia dominates end user demand (41% market 2021), primarily in China,
Slide 9: Wickepin Operation
Wickepin Operation Stage 1 Production • Production commenced September 2022 • Total BCM processed increasing quarter on quarter • Slower then expected ramp-up in first 9 months impacted by delay in gas commissioning of the kiln and site power systems • Production of 2 out of the 4 main grades of kao
Slide 10: Kaolin Sales
Kaolin Sales • First sale to a WA customer occurred in early October 2022 • Offtake agreements and LOIs covering 90% of Stage 1 production in place • December quarter avg FOB higher than estimates • Anticipating further sales agreements in H1 CY23 including some major global customers with kaolin de
Slide 11: Conclusion
Conclusion • WA Kaolin has successfully delivered construction of Stage 1 on budget with first production commencing on time at the end of September • Product Pricing premium achieved over initial projections • Wickepin operations represent a long-life supply of superior quality product, that will s
Slide 12: Contact Us
Contact Us Andrew Sorensen | CEO P +61 8 9439 6300 E asorensen@wakaolin.com.au P wakaolin.com.au Investor Relations Victoria Humphries E victoria@nwrcommunications.com.au
Slide 13: Reserves and Resources
Reserves and Resources Table 1. Ore Reserves by JORC Classification Reserves & Resources JORC TONNES ISO BRIGHTNESS YIELD (%) IN SITU KAOLIN CLASSIFICATION (MT) (%) (<45 µM IN SIZE) (MT) It is one of the largest known remaining kaolin resources in the world, and contains: Proved Probable 30.5 83.7 5
Slide 14: Tenement Map
Tenement Map 14 Investor Presentation | March 2023