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AGM Presentation

Advancing towards Production 2022

December 2021

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Wickepin Project Overview

Location

  • WAK's project is located in Wickepin, 220 km south-east of Perth, Western Australia
  • Existing processing plant is currently located on portside industrial land in Kwinana, south of Perth in Western Australia
  • All infrastructure located close to WAK's mine and processing plants to support future expansion - power, water, road, rail, town and access to ports in Fremantle (220 km) and Bunbury (230 km)

World Class Resource

  • Ore Reserve: 30.5mt of high-grade premium kaolinised granite within Mining Lease
  • Mineral Resource: 109.1mt of kaolinised granite within Mining Lease and 535.4mt of kaolinised granite within the Retention Licences
  • The mineralised zone is free dig, open cut, a low strip ratio with overburden thickness varying from 2-9 metres and is between 15-35 metres in thickness.

The Mineral Resource estimate is inclusive of Ore Reserves and the 2019 Mineral Resource estimate. CSA Global Mineral Resource Estimate R280.2017.

Road Route from Wickepin to Perth

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One of the World's Largest Remaining Primary Resources

Reserves of Kaolin

Resources of Kaolin

Producer

Country

Type

(mt)1

(mt)1

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WA Kaolin

Australia

Primary

13.42

270.02

Imerys (Listed Conglomerate)

All Areas

Primary/Secondary

98.9

151.7

KaMin (Private)

All Areas

Secondary

120.8

0

BASF (Private)

All Areas

Secondary

53.0

0

THIELE (Private)

Georgia

Secondary

53.2

0

  1. Reserves and Resources in accordance with the "Public reporting of industrial minerals, cement feed materials and construction raw materials" section of the PERC Reporting Standard
  2. Reserve and Resources of reported kaolinised granite at a dry yield of 44%.

Reference: Wilson I.R. 2019

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Wickepin Overview

A high quality, long life, permitted Kaolin Project.

  • De-riskedthrough investment
    • ~$42 million invested before listing since assets acquired from Rio Tinto
  • Proven Low Cost Production
    • Currently producing small scale commercial plant in Kwinana
    • K99 process delivers high quality ultra-bright kaolin at a lower cost than conventional bleaching / magnetic separation
  • Customers, LOI and Offtake Secured
  • Global demand exceeds supply
    • WA location strongly aligns WAK with growing APAC market
    • Global revenue demand from 2020-2027 forecast to grow at a CAGR 3.5%

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2021 Stage 1 Program - Progressing to Production

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Disclaimer

WA Kaolin Ltd. published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 03:51:07 UTC.