First Sentier Group raises stake in Gold Road Resources to 7.23%

First Sentier Group Limited and its related bodies corporate, along with Mitsubishi UFJ Financial Group Inc. (MUFG), have reported a change in their substantial holding in Gold Road Resources Ltd. As of September 26, 2025, First Sentier Group's voting power increased to 7.23%, representing 78,584,155 fully paid ordinary shares, up from 5.85% (63,557,961 shares) on September 10, 2025.

The increase includes 6,088,014 shares directly held by First Sentier Group and its subsidiaries, and 72,496,141 shares where MUFG, as the ultimate parent, has informed of its voting power. The acquisition involved numerous transactions between July and September 2025, with shares purchased at varying prices. First Sentier Investors RQI Pty Ltd and First Sentier Investors (Australia) IM Ltd were among the entities involved in these changes.

MUFG owns 100% of First Sentier Group Limited (indirectly) and holds a relevant interest in the shares, as outlined in an initial substantial holder notice dated September 30, 2025, from Millennium Partners, L.P. and Millennium International Management LP.