PERTH (miningweekly.com) – ASX-listed Pilbara Minerals on Wednesday reported that nonexecutive director and company founder Neil Biddle will step down effectively immediately.
Pilbara told shareholders that with project funding for the Pilgangoora lithium/tantalum project now in place, and construction activities well under way following a final investment decision, Biddle believed it was an appropriate time to step down from the board owing to his growing travel and other personal and business commitments.
Pilbara chairperson Tony Kiernan said that Biddle had made a huge contribution to the company’s rapid emergence as a new midtier Australian miner, both in the early years as a founding executive director and since stepping back from front-line executive duties a year ago.
“As a result of his vision and belief, Pilbara has since been able to prove up the world’s second biggest hard rock lithium deposit, complete development studies and raise more than A$350-million from both retail investors and Australian and international institutions, to underpin the project’s development.”