Tawana Resources denies it did not tell the market it began lithium production
On Monday, Tawana exploration denied that the publication of information on social media related to the haulage of material from its Bald Hill operation, had violated rules requiring it to keep the market informed.Tawana published a list of responses from the Australian Securities Exchange, in response to reports in April that production and haulage of lithium-bearing rock had begun at Bald Hills operation in Western Australia.The company believes the haulage information is not new or unanticipated information, saying it could be reasonably construed that it was imminent, from previous regular updates provided to the market.JSE and ASX reporting rules compel companies to inform the market of any developments that could reasonably be assumed to have a material effect on its share price.Production of lithium at Bald Hill in Western Australia began in March, coming amid speculation of possible massive demand for the metal in coming years as electric-vehicle production ramps up.News tha...
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