Lithium-focused Pilbara Minerals has announced that Luke Bortoli has resigned as the company’s chief financial officer.
Lithium-focused Pilbara Minerals has announced that Luke Bortoli has resigned as the company’s chief financial officer.
Mr Bortoli joined PLS back in April 2023, on the back of more than 20 years of financial experience, predominantly with Aristocrat Leisure and Afterpay Limited.
PLS told the market it would begin its search for a new CFO, with both internal and external candidates considered.
“On behalf of the board and the broader team at PLS, I would like to thank Luke for his valuable contribution during his time with the Company,” PLS managing director Dale Henderson said.
“Luke has played a key role in strengthening our financial and operational platform during a period of significant growth and transformation.
“Notable achievements include securing the company’s $1 billion revolving credit facility and supporting the successful acquisition of Latin Resources, among other major milestones.
“We wish Luke all the very best in his future endeavours.”
It was a challenging first half of FY25 for PLS, which posted a net loss of $69.3 million, down from a profit of $220 million during the prior corresponding period.
PLS said the result was culmination of several variables – including its underlying operation at Pilgangoora, $24 million construction cost of its mid-stream plant, weaker lithium prices and as a result of its stake in a South Korea-based lithium hydroxide facility.
As of 12.25pm AWST, PLS shares were down 3 per cent to $2.11.
