WA Kaolin Ltd. (AU:WAK) has released an update.
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WA Kaolin Ltd. has experienced slower sales growth due to a downturn in the Asian construction industry, prompting a strategic focus on cost management, efficiency improvements, and product development. The company’s near-completed Classifier project, funded by recent capital raises totaling $7.0m, is expected to enhance production and market penetration of finer kaolin products. However, the company cautions that additional working capital may be required if the new product uptake is insufficient to drive the anticipated sales growth.
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