Information about operational aspects of a mining project that has already been publicly disclosed and is being adequately managed does not constitute material information requiring continuous disclosure under s 674 of the Corporations Act 2001 (Cth), even where revised estimates exceed previous estimates, provided the company has adequate capacity to address the issue. A plaintiff's failure to read publicly available ASX announcements before investing may reduce recoverable compensation to a nominal amount under s 12GF(1B) of the ASIC Act.
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