Becoming a substantial holder
Released
Released
Announcement PDF
ASX Form 603
1
Form 603
Corporations Act 2001
Section 671B
Notice of initial substantial shareholder
To Company Name/Scheme METALLIUM LIMITED
ACN ACN 645 885 463
1. Details of substantial holder
Name The Goldman Sachs Group, Inc. (“GSGI”) on behalf of itself and its subsidiaries (“Goldman
Sachs Group”) including its significant subsidiaries listed in Annexure A (“Significant
Subsidiaries”) and Goldman Sachs Holdings ANZ Pty Limited and its subsidiaries (“Goldman
Sachs Australia Group”)
ACN/ARSN (if
applicable) Not applicable
The holder became a
substantial holder on
10 February 2026
2. Details of voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial
holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:
Class of securities Number of securities Persons’ votes Voting power
Fully Paid Ordinary Shares 37,106,779 37,106,779 5.04%
3. Details of relevant interests
The nature of the relevant interest the substantial holder had in the following voting securities on the date the substantial holder
became a substantial holder are as follows:
Holder of
relevant interest
Nature of relevant interest Class and number of securities
GSGI
GSGI has a relevant interest in fully paid ordinary shares by
virtue of section 608(3) of the Corporations Act 2001 (Cth).
37,106,779 Fully Paid Ordinary Shares
Goldman Sachs
Financial Markets
Pty Ltd (“GAUS”)
GAUS beneficially owns fully paid ordinary shares. 37,026,779 Fully Paid Ordinary Shares
Goldman Sachs &
Co. LLC
("GSCO")
Holder of shares subject to an obligation to return under the
securities lending agreements (see Annexure B).
70,000 Fully Paid Ordinary Shares
GSCO
GSCO has the power to control the voting and/or disposal of
the underlying fully paid ordinary shares represented by
ADRs.
10,000 Fully Paid Ordinary Shares
ASX Form 603
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4. Details of present registered holders
The persons registered as holders of the securities referred to in paragraph 3 above are as follows:
Holder of
relevant interest
Registered holder of
securities
Person entitled to be
registered as holder
Class and number of securities
GAUS
HSBC Custody Nominees
Australia Limited
GAUS 37,026,779 Fully Paid Ordinary Shares
GSCO
ADR depository bank
(Bank of New York Mellon)
GSCO 80,000 Fully Paid Ordinary Shares
5. Consideration
The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the
day that the substantial holder became a substantial holder is as follows:
Holder of Relevant Interest Date of Acquisition Consideration Class and number of securities
Please refer to Annexure B and C.
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN (if applicable) Nature of association
N/A N/A
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
GSGI Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA
Goldman Sachs Australia Group All care of Level 22, 101 Collins Street, Melbourne Victoria 3000, Australia
GAUS Level 22, 101 Collins Street, Melbourne, Victoria 3000, Australia
GSCO 200 West Street, New York, NY 10282, USA
HSBC Custody Nominees Australia Limited GPO Box 5302, Sydney NSW 2001, Australia
Bank of New York Mellon One Wall Street, 15th
Floor, New York, NY 10286
THE GOLDMAN SACHS GROUP, INC AND ITS SUBSIDIARIES
Signature
Print name Rahail Patel
(signing under power of attorney in
accordance with section 52A of
the Corporations Act 2001 (Cth))
Capacity Authorised Person
Sign here Date 12 February 2026
ASX Form 603
3
Annexure A
(This is Annexure A of two (2) pages referred to in Form 603, Notice of initial substantial shareholder)
Significant Subsidiaries of The Goldman Sachs Group, Inc.
The following are significant subsidiaries of The Goldman Sachs Group, Inc. as of December 31, 2024 and the states or
jurisdictions in which they are organized. Each subsidiary is indented beneath its principal parent. The Goldman Sachs Group,
Inc. owns, directly or indirectly, at least 99% of the voting securities of substantially all of the subsidiaries included below. The
names of particular subsidiaries have been omitted because, considered in the aggregate as a single subsidiary, they would not
constitute, as of the end of the year covered by this report, a “significant subsidiary” as that term is defined in Rule 1-02(w) of
Regulation S-X under the Securities Exchange Act of 1934.
ASX Form 603
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THE GOLDMAN SACHS GROUP, INC AND ITS SUBSIDIARIES
Signature
Print name Rahail Patel
(signing under power of attorney in
accordance with section 52A of
the Corporations Act 2001 (Cth))
Capacity Authorised Person
Sign here Date 12 February 2026
ASX Form 603
5
Annexure B
(This is Annexure B of two (2) pages referred to in Form 603, Notice of initial substantial shareholder)
This is Annexure B referred to in the Form 603: Notice of initial substantial shareholder issued by The Goldman Sachs Group, Inc.
and its subsidiaries.
The following is description of the securities lending agreements referenced in the accompanying Form 603:
Type of Agreement Master Securities Loan Agreement
Parties to agreement
Goldman Sachs & Co. LLC
Charles Schwab & Co. LLC
Transfer Date 2/6/2026
Holder of Voting Rights Borrower
Are there any restrictions on voting rights? Yes/No
If yes, detail
No
Scheduled return date (if any) N/A
Does the borrower have the right to recall early? Yes/No
If yes, detail
Yes, by giving notice to lender prior to the defined cutoff time
on any business day and transferring loaned securities to
lender on or before the defined cutoff time on termination
date of the loan.
Does the lender have the right to recall early? Yes/No
If yes, detail
Yes, by giving notice to borrower prior to the defined cutoff
time on any business day.
Will the securities be returned on settlement? Yes/No
If yes, detail any exceptions
Yes, must transfer loaned securities on or before the cutoff
time on termination date of the loan.
Type of Agreement Master Securities Loan Agreement
Parties to agreement
Goldman Sachs & Co. LLC
Interactive Brokers LLC
Transfer Date
1/30/2026
2/4/2026
2/5/2026
Holder of Voting Rights Borrower
Are there any restrictions on voting rights? Yes/No
If yes, detail
No
Scheduled return date (if any) N/A
Does the borrower have the right to recall early? Yes/No
If yes, detail
Yes, by giving notice to lender prior to the defined Close of
Business on any business day and transferring loaned
securities before the defined cutoff time on such business
day.
Does the lender have the right to recall early? Yes/No
If yes, detail
Yes, by giving notice to borrower prior to the defined Close
of Business on any business day.
Will the securities be returned on settlement? Yes/No
If yes, detail any exceptions
Yes, must transfer loaned securities on or before the defined
cutoff time on the termination date of loan.
ASX Form 603
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A copy of the agreements will be provided to Metallium Limited or the Australian Securities and Investments Commission upon
request.
THE GOLDMAN SACHS GROUP, INC AND ITS SUBSIDIARIES
Signature
Print name Rahail Patel
(signing under power of attorney in
accordance with section 52A of
the Corporations Act 2001 (Cth))
Capacity Authorised Person
Sign here Date 12 February 2026
ASX Form 603
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Annexure C
(This is Annexure C of two (2) pages referred to in Form 603, Notice of initial substantial shareholder)
Holder of Relevant
Interest
Date of
Acquisition
Consideration Class and number of securities
GAUS 10/13/2025 307,229 292,599 Fully Paid Ordinary Shares
GAUS 10/14/2025 345,793 321,668 Fully Paid Ordinary Shares
GAUS 10/15/2025 998,750 850,000 Fully Paid Ordinary Shares
GAUS 10/15/2025 231,373 196,913 Fully Paid Ordinary Shares
GAUS 10/16/2025 709,282 572,002 Fully Paid Ordinary Shares
GAUS 10/17/2025 322,265 243,219 Fully Paid Ordinary Shares
GAUS 10/20/2025 196 180 Fully Paid Ordinary Shares
GAUS 10/23/2025 909,000 900,000 Fully Paid Ordinary Shares
GAUS 10/27/2025 427,100 429,246 Fully Paid Ordinary Shares
GAUS 10/28/2025 1,138,359 1,419,011 Fully Paid Ordinary Shares
GAUS 10/28/2025 89,500 100,000 Fully Paid Ordinary Shares
GAUS 10/28/2025 438,303 489,724 Fully Paid Ordinary Shares
GAUS 10/29/2025 192,335 241,035 Fully Paid Ordinary Shares
GAUS 10/29/2025 207,551 256,236 Fully Paid Ordinary Shares
GAUS 10/30/2025 171,944 212,276 Fully Paid Ordinary Shares
GAUS 10/30/2025 2,316 2,859 Fully Paid Ordinary Shares
GAUS 10/31/2025 13,105 15,785 Fully Paid Ordinary Shares
GAUS 11/3/2025 7,467 9,135 Fully Paid Ordinary Shares
GAUS 11/5/2025 12,296 17,585 Fully Paid Ordinary Shares
GAUS 11/6/2025 181 253 Fully Paid Ordinary Shares
GAUS 11/6/2025 14,227 19,917 Fully Paid Ordinary Shares
GAUS 11/7/2025 13,889 19,581 Fully Paid Ordinary Shares
GAUS 11/10/2025 639 860 Fully Paid Ordinary Shares
GAUS 11/10/2025 21,344 28,409 Fully Paid Ordinary Shares
GAUS 11/12/2025 12,485 16,064 Fully Paid Ordinary Shares
GAUS 11/12/2025 2,301 3,088 Fully Paid Ordinary Shares
GAUS 11/14/2025 1,796 2,514 Fully Paid Ordinary Shares
GAUS 11/17/2025 18,598 25,194 Fully Paid Ordinary Shares
GAUS 11/18/2025 4,314 5,985 Fully Paid Ordinary Shares
GAUS 11/19/2025 2,045 3,031 Fully Paid Ordinary Shares
GAUS 11/20/2025 10,999 15,119 Fully Paid Ordinary Shares
GAUS 11/21/2025 3,945 5,669 Fully Paid Ordinary Shares
GAUS 11/21/2025 322,651 441,987 Fully Paid Ordinary Shares
GAUS 11/25/2025 13,615 16,941 Fully Paid Ordinary Shares
GAUS 12/17/2025 2,005 2,387 Fully Paid Ordinary Shares
GAUS 12/19/2025 13,838 17,134 Fully Paid Ordinary Shares
GAUS 12/19/2025 3,054 3,841 Fully Paid Ordinary Shares
GAUS 12/22/2025 33,246 38,912 Fully Paid Ordinary Shares
GAUS 12/23/2025 49,998 54,516 Fully Paid Ordinary Shares
GAUS 12/30/2025 111 106 Fully Paid Ordinary Shares
GSCO 1/14/2026 N/A 2,000 Fully Paid Ordinary Shares
GSCO 1/15/2026 N/A 2,000 Fully Paid Ordinary Shares
GSCO 1/20/2026 N/A 29,000 Fully Paid Ordinary Shares
GSCO 1/22/2026 N/A 10,000 Fully Paid Ordinary Shares
GSCO 1/23/2026 10,014 10,000 Fully Paid Ordinary Shares
GSCO 1/23/2026 N/A 15,620 Fully Paid Ordinary Shares
ASX Form 603
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GSCO 1/26/2026 N/A 30,240 Fully Paid Ordinary Shares
GSCO 1/27/2026 N/A 115,140 Fully Paid Ordinary Shares
GAUS 1/28/2026 5,840 5,869 Fully Paid Ordinary Shares
GSCO 1/28/2026 N/A 218,180 Fully Paid Ordinary Shares
GSCO 1/28/2026 N/A 50,000 Fully Paid Ordinary Shares
GAUS 1/29/2026 5,475 5,951 Fully Paid Ordinary Shares
GAUS 1/29/2026 4,464,286 4,464,286 Fully Paid Ordinary Shares
GSCO 1/30/2026 N/A 122,120 Fully Paid Ordinary Shares
GSCO 1/30/2026 N/A 12,000 Fully Paid Ordinary Shares
GSCO 2/2/2026 N/A 145,400 Fully Paid Ordinary Shares
GSCO 2/2/2026 N/A 2,100 Fully Paid Ordinary Shares
GSCO 2/3/2026 N/A 38,000 Fully Paid Ordinary Shares
GSCO 2/4/2026 N/A 10,000 Fully Paid Ordinary Shares
GAUS 2/5/2026 168,990 178,825 Fully Paid Ordinary Shares
GAUS 2/5/2026 28,363 32,400 Fully Paid Ordinary Shares
GSCO 2/5/2026 N/A 36,100 Fully Paid Ordinary Shares
GSCO 2/5/2026 N/A 36,000 Fully Paid Ordinary Shares
GSCO 2/5/2026 N/A 2,000 Fully Paid Ordinary Shares
GAUS 2/6/2026 1,063,235 1,300,275 Fully Paid Ordinary Shares
GAUS 2/6/2026 13,982 17,045 Fully Paid Ordinary Shares
GSCO 2/6/2026 N/A 17,420 Fully Paid Ordinary Shares
GSCO 2/6/2026 N/A 44,000 Fully Paid Ordinary Shares
GAUS 2/9/2026 12,478 14,015 Fully Paid Ordinary Shares
GAUS 2/9/2026 1,267,553 1,393,681 Fully Paid Ordinary Shares
GSCO 2/9/2026 N/A 2,120 Fully Paid Ordinary Shares
GAUS 2/10/2026 34,670 36,408 Fully Paid Ordinary Shares
GAUS 2/10/2026 1,097,240 1,156,572 Fully Paid Ordinary Shares
GSCO 2/10/2026 N/A 60,000 Fully Paid Ordinary Shares
GSCO 2/10/2026 N/A 700 Fully Paid Ordinary Shares
THE GOLDMAN SACHS GROUP, INC AND ITS SUBSIDIARIES
Signature
Print name Rahail Patel
(signing under power of attorney in
accordance with section 52A of
the Corporations Act 2001 (Cth))
Capacity Authorised Person
Sign here Date 12 February 2026
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