WAK.ASX: Appointment of Voluntary Administrators

Appointment of Voluntary Administrators

Stock	Wa Kaolin Ltd (WAK.ASX)
Release Time	13 Aug 2026, 3:07 p.m.
Price Sensitive	Yes

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WA Kaolin Limited Appoints Voluntary Administrators

Key Points

Voluntary Administrators appointed on 12 August 2026
Funding facility allows continued operations
Creditors' meeting scheduled within 8 business days
Securities suspended from quotation

Full Summary

WA Kaolin Limited (ASX: WAK) has appointed Gregory Prout and Clifford Rocke of WA Insolvency Solutions as Voluntary Administrators. The appointment follows the company's decision to cancel a substantial part of its forward order book. The Administrators aim to maximize returns for all stakeholders by assessing the financial position and exploring recapitalization options. A creditors' meeting is scheduled within 8 business days. The company's securities are suspended from quotation, and shareholders should note that any share transfer during administration is void without consent.

Outlook

The Administrators intend to call for expressions of interest to recapitalize the Company through a Deed of Company Arrangement or the outright purchase of its assets.