The Project, which is one of the largest known remaining kaolin premium primary resources in the world, contains an Ore Reserve of 30.5 million tonnes, a Mineral Resource (reported in 2019) of 109.1 million tonnes and a Mineral Resource (reported in 2017) of 644.5 million tonnes of high-grade premium kaolinised granite.
WA Kaolin has invested approximately $42 million in acquiring the Project in 1999 from Rio Tinto, which included the tenements and all associated engineering and feasibility studies, and developing the foundations for commercialising the Project.
WA Kaolin has, as part of its work, undertaken trial mining and processing leading to it having developed a dry processing method (K99 Process) at its plant in Kwinana, which together with the high-grade Wickepin kaolin resource, produces an ultra-bright, high-quality kaolin product at a low cost, in comparison to other methods which rely on chemical bleaching and multiple wet mechanical and magnetic separation methods.
The Kwinana plant has a capacity of up to 5 tonnes per hour and is currently operating on a 16 hour per day, 5 day per week roster.
It is anticipated that WAK will list on the ASX during November 2020.
With a world class JORC compliant resource of over 100 million tons of high-grade premium kaolinized granite, together with its unique proprietary production and value-adding processes, initial off-take agreements and leading channel distributors, WA Kaolin Limited is well positioned to supply…