Australia's WA Kaolin gains most in 1-1/2 weeks on Wickepin plant update

WA Kaolin

09/09/2022 06:54

** Shares of WA Kaolin  WAK.AX  rise as much as 5.3% to
A$0.2, hitting their highest since Aug. 29 
    ** The kaolin producer advances commissioning of Wickepin
Processing Plant near Perth on schedule  urn:newsml:reuters.com:*:nASX91h5Wm
   ** Plant expected to commence nameplate capacity of 25 tonnes
per hour by September end
    ** Capacity expected to steadily increase to ~200,000 tonnes
per annum rate by CY22 end
    ** More than 269,000 shares change hands, compared with the
30-day average volume of about 141,000 shares
    ** Stock down ~9.5% this year, as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))