This is a group proceeding (class action) brought against Mineral Resources Limited and its Managing Director, Mr Christopher Ellison. It is brought on behalf of persons who acquired an interest in shares or entered into equity swaps in Mineral Resources between 31 March 2019 and 14 November 2024 (inclusive).
The class action alleges that Mineral Resources engaged in misleading or deceptive conduct and failed to comply with its continuous disclosure obligations as an ASX-listed company by failing to disclose material information regarding its business practices, corporate governance standards, and the scope and nature of transactions with related parties, including with Mr Ellison.
It is claimed that Mineral Resources’ share price was artificially inflated by reason of the company’s alleged wrongdoing and that the plaintiff and group members suffered loss and damage as a result. Alternatively, it is alleged that some group members would not have purchased shares in Mineral Resources had the alleged wrongdoing not occurred.
Group Costs Order and Ruling of the Honourable Justice Craig made on 7 November 2025 in the Mineral Resources Group Proceeding (Class Action)
Defences filed in the Mineral Resources Group Proceeding (Class Action) by the:
- First Defendant on 8 August 2025; and
- Second Defendant on 8 August 2025.
Writ and Statement of Claim filed by the Plaintiffs on 31 March 2025 in the Mineral Resources Group Proceeding (Class Action)
Group Proceeding Summary Statement filed by the Plaintiff on 31 March 2025 in the Mineral Resources Group Proceeding (Class Action)