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AUSTRALIAN KAOLIN LIMITED (AKL)

Delisted from ASX 30/08/2001

Former (or subsequent) names

 FROMTO
AUSTRALIAN KAOLIN LIMITED23/10/1997
AUSTRALIAN KAOLIN NL06/12/199623/10/1997
VENTURE EXPLORATION NL06/12/1996

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company deregistered18/07/2008
the liquidator has made a declaration that there will be no return to shareholders - shareholders can choose to make a capital loss in the year the declaration was issued (2004-2005) - shareholders can click on the declaration if they need it to substantiate their claim (see note of 15/12/04 below)28/06/2005
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued15/12/2004
we have been seeking an update from the Receivers Taylor Wooding (Michael Ryan) since 9 September 200402/11/2004
Receivers are still endeavouring to sell the rights to the royalty stream and confirm there will be no return to unsecured creditors or to shareholders - it will be some time before control of the company reverts to the administrators04/06/2004
Receivers advise they are attempting to sell the remaining assets the subject of the secured creditor's security25/03/2004
seeking an update from the Receiver Michael Ryan04/02/2004
receivers report there is no real change from the position outlined in the note of 23/04/2003 below09/07/2003
seeking update from receiver03/07/2003
receivers report they are monitoring the progress of Minerals Corp & Queensland Kaolin - only remaining assets are the right to royalties from mine sales and a 10% equity interest in Queensland Kaolin (marketing of this interest will be worthwhile only when the project has a proven commercial track record) - they also consider possibly letting the royalty arrangement run its course in order to utilise the company's tax losses - the receiver's duties will only be complete when the royalty and equity interest have been dealt with - the company will then proceed into liquidation unless the Deed Administrator receives a reconstruction proposal23/04/2003
a number of assets still to be disposed of - receiver not prepared to put a timeframe on completion30/07/2002
administrator advises intention was for company to be liquidated but no decision yet made27/03/2002
administrator advises that company fate in hands of secured creditor26/03/2002
Minerals Corp announces successful initial production08/11/2001
Minerals Corp advise value ascribed to Skardon River $93.5m (after spending $20m)06/11/2001
delisted due to failure to pay annual listing fee30/08/2001
administrator advises that shares of minimal or no value21/02/2001
market advised that assets sold ($6.5 million for Skardon River)21/02/2001
market advised of possible restructure but that shares of little or no value14/06/2000
pierpont writes in AFR see www.pierpont.com.au/eco_Archives/default.cfm?behaviour=view_article&id=302504/02/2000
deed of company arrangement entered into31/08/1999
directors advise of possible claims against Dresdner and Taylor Woodings25/06/1999
call for expressions of interest in Skardon River assets21/06/1999
A Woodings and M Ryan of Taylor Woodings appointed receivers and managers11/05/1999
AH Douglas-Brown of Bentleys appointed administrator10/05/1999
shares suspended11/03/1999
name changed from Australian Kaolin NL23/10/1997

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