Macquarie Group no longer a substantial holder in Sandfire Resources

Macquarie Group Limited and its controlled bodies corporate ceased to be a substantial holder in Sandfire Resources Limited as of November 20, 2025. The previous notice to the company was given on November 21, 2025.

Changes in relevant interests primarily involved stock sales and purchases by Macquarie Bank Limited (MBL) and on-market purchases by Macquarie Investment Management Australia Limited (MIMAL). On November 19, 2025, MBL engaged in multiple stock sales at AUD 15.32 and AUD 15.3. On the same day, MBL also made stock purchases at AUD 15.7, affecting 28,464 votes, while MIMAL conducted on-market purchases at AUD 15.3, affecting 4,645 and 2,504 votes.

Further transactions on November 20, 2025, included MBL's stock purchases at AUD 15.6, AUD 15.69, AUD 15.685, AUD 15.675, AUD 15.695, AUD 15.88, and AUD 15.89. MBL also recorded stock sales at AUD 15.82. Macquarie Investment Services Limited (MISL) engaged in both on-market purchases and a transfer out from a client account.