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WA Kaolin Ltd. ( (AU:WAK) ) has shared an announcement.
WA Kaolin has secured long-term financial stability by restructuring approximately $20.4 million of existing debt with key lender-shareholders, extending maturities to December 2037 and pushing principal repayments out to mid-2027, while also adding a new $1.5 million working capital facility due in 2028. The package reduces near-term refinancing pressure and aligns the capital structure with the long-life Wickepin Kaolin Project, though some facilities are contingent on ASX waivers or shareholder approval for security, and lenders have conversion rights if repayments or interest fall into arrears. Complementing the funding, the company has locked in a binding 2026 offtake agreement with long-standing distributor Dak Tai Trading worth about US$5.57 million (A$8.6 million), with firm ordering commitments and minimum volume obligations, and enters 2026 with an order book of around 20,000 tonnes for the March quarter. However, December-quarter production of roughly 12,000 tonnes fell short of expectations due to reduced plant availability and unplanned maintenance, and management plans upgrade works during the next shutdown to address plant-wide uptime constraints and support the ramp-up needed to meet contracted volumes.
The most recent analyst rating on (AU:WAK) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on WA Kaolin Ltd. stock, see the AU:WAK Stock Forecast page.
More about WA Kaolin Ltd.
WA Kaolin Ltd is an Australian industrial minerals company focused on developing and operating the Wickepin Kaolin Project in Western Australia. The company produces kaolin products for domestic and international markets, working with established distribution partners such as Dak Tai Trading Limited and the Stanco group to supply kaolin into a range of downstream industrial applications.
Average Trading Volume: 221,165
Technical Sentiment Signal: Sell
Current Market Cap: A$18.85M
See more data about WAK stock on TipRanks’ Stock Analysis page.