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WA Kaolin Raises A$7M to Accelerate Production and Sales Growth
9:18am on Thursday 6th of February, 2025 AEDT
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Mining
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WA Kaolin Raises A$7M to Accelerate Production and Sales Growth
9:18am on Thursday 6th of February, 2025 AEDT
Key Points
A$7 million fully underwritten accelerated non-renounceable entitlement offer (ANREO)
Operational improvements deliver higher production rates and finer kaolin grades
Forward orders total 4,800 tonnes, including 2,400 tonnes of new finer grades
Post-offer market capitalization projected at A$42.4 million with A$30 million liabilities
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Wa Kaolin (ASX:WAK)
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