Macquarie Group becomes substantial holder in Sandfire Resources

Macquarie Group Limited and its controlled bodies corporate became a substantial holder in Sandfire Resources Limited on November 18, 2025, acquiring a total voting power of 5.02% through 23,144,731 ordinary fully paid shares (FPO). This strategic move positions Macquarie as a key investor in Sandfire Resources.

The relevant interests are spread across various Macquarie entities. Macquarie Bank Limited holds a relevant interest over 2,068,151 FPO shares through control over voting rights and disposal, and an additional 2,290,955 FPO shares through stock borrowing and lending activities. Macquarie Investment Management Australia Limited holds 3,280,630 FPO shares in its capacity as trustee, and 357,591 FPO shares as operator of investor directed portfolio services. Macquarie Investment Management Global Limited holds the largest share of 14,663,850 FPO shares as investment manager, while Macquarie Investment Services Limited holds 483,554 FPO shares as responsible entity of a separately managed account.

The acquisitions involved a mix of stock purchases and sales, with prices predominantly ranging from AUD 15.7 to AUD 16.255 per security. Notable transactions include large purchases by Macquarie Bank Limited, such as 7,750 FPO shares at AUD 15.7 and 1,690 FPO shares at AUD 15.88. Acquisitions by Macquarie Investment Management Australia Limited include 15,837 FPO shares at AUD 15.77.