Australia’s corporate watchdog has accused suspended mining explorer AVZ Minerals and two directors of failing to disclose critical market information after they delayed telling investors about a threat to its flagship African lithium project.
The West Australian company’s delisting last year left AVZ investors nursing losses of $2.8 billion – one of the biggest wealth wipeouts in ASX history – following a fight over ownership of a massive hard rock lithium deposit in the Democratic Republic of the Congo.
Source: https://www.afr.com/companies/mining/asic-accuses-fallen-miner-avz-minerals-of-misleading-investors-20251111-p5nedc