Can Drilling Results Be Withheld Due to a Pending Takeover?
- No Automatic Exemption: A pending takeover offer does not automatically justify withholding drilling results.
- Possible Deferral Under Rule 3.1A: Results may be withheld only if all three of these conditions apply:
- The results are part of an incomplete assessment (e.g., further assays are pending).
- The information remains confidential (i.e., has not leaked).
- A reasonable person would not expect disclosure until the full results are available.
However, once drilling results are material and finalised, they must be disclosed, even if a takeover is in progress.
Can Drilling Results Be Withheld Due to a Pending Takeover?No...
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