Shareholders in sin-binned lithium explorer AVZ Minerals face one of the biggest wealth wipeouts in sharemarket history after management said it will delist from the ASX on May 13 as it battles for control of the world’s largest hard rock lithium deposit in Africa.
The Perth-based explorer has more than 21,100 shareholders with paper wealth of $2.8 billion tied up in the shares that last traded on the ASX in May 2022 for 78¢.
