
WA Kaolin sells Kwinana property for $7m
WA Kaolin (ASX:WAK) has strengthened its cash position by $5m after signing a term sheet for the sale of its Kwinana property for $7m. The sale was made to Coogee Chemicals and consisted of everything on the property, excluding the plant and equipment which remain WA Kaolin’s custody. As part of the sale, WA Kaolin secured excellent leaseback terms with Coogee Chemicals, allowing the company to use the Kwinana property for the next three years. This provides WA Kaolin with stability and continuity for its continuing operations at the site which will continue to focus on the research and development of new product offerings. In exchange for providing Coogee Chemicals access to park vehicles, tanks and equipment on a section…









