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 legal challenges to its disputed 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 control of a massive hard rock lithium deposit in the Democratic Republic of the Congo.
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