Companies / WAK

WA KAOLIN LIMITED

ASX:WAKMaterials
2.31B shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$13.9Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 404% in 24 months; 3 cash raises in 24 months

Cash runway-0.7 quarters of funding
Share-count growth (24m)404.4%
Raise cadence (24m)3 cash raises
Options & rights overhang84.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

WA KAOLIN LIMITED's ordinary share count rose 404.4% between May 2024 and May 2026 to 2.31B shares. The company raised capital three times in the 24‑month window for total disclosed proceeds of A$13.0M, most recently in March 2026. Options and rights could convert into 1.96B new shares, equal to 84.7% of the current share count, with 0% in the money and the nearest expiry in June 2027. At the March 2026 quarter the company reported A$7.0M in available cash, showing negative cover of -0.7 quarters at the reported spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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84.7%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
-0.7 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.31B per ASX (delayed) (28 July 2026).
2.30B2.31B2.32BMay 26June 26July 26

Cash runway

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Cover not computed for the latest quarter.
$7.0M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
18 May 20262A · quoted issueWAK : ORDINARY FULLY PAID2.31BAppendix 2A
18 May 20263G · unquotedWAK : ORDINARY FULLY PAID698.2MAppendix 3G
18 May 20263G · unquotedWAK : ORDINARY FULLY PAID698.2MAppendix 3G
25 Nov 20253H · cancellationWAK : ORDINARY FULLY PAID698.2MAppendix 3H
16 Mar 20253G · unquotedWAK : ORDINARY FULLY PAID698.2MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

3 cash raises in the last 24 months · 2 in the last 12 months

—
Capital raise
19 Mar 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

84.7%
Total overhang · of current shares
0.0%
In the money · at current price
1.96B
Potential new shares
June 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
19 May 2026Andrew SorensenOther2.0M1.0M$20k3Y notice
19 May 2026Alfred BakerOther115.0M57.5M$1.1M3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

23 June 2026Adjustment to Option Exercise Prices
15 June 2026Change in substantial holding
8 June 2026Maintenance and Plant Improvement Program
28 May 2026Initial Director's Interest Notice
28 May 2026Final Director's Interest Notice
28 May 2026Final Director's Interest Notice
27 May 2026$PReinstatement to Quotation
27 May 2026$PBoard Changes
27 May 2026$PSuspension from Quotation
27 May 2026$PPause in Trading
26 May 2026Change in substantial holding
25 May 2026Change of Director's Interest Notice
25 May 2026Change of Director's Interest Notice
25 May 2026Change in substantial holding
25 May 2026Change in substantial holding
20 May 2026Change in substantial holding
18 May 2026$PReinstatement to Quotation
18 May 2026Notification regarding unquoted securities - WAK
18 May 2026Notification regarding unquoted securities - WAK
18 May 2026Application for quotation of securities - WAK

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.