82 TSX / NYSE: FNV Franco-Nevada Corporation Rest of World Overview Overview Precious Metals Aphrodite Location: Australia Operator: St Barbara Limited Precious Metals: Au Royalty: GR: 2.5% Aphrodite Gold project is located in Western Australia, 65 km northwest of Kalgoorlie. Franco-Nevada’s 2.5% gross royalty covers a 29 km 2 area and all Aphrodite Mineral Resources. An advance minimum royalty of A$250,000 per annum applies from November 1, 2017 onward. St Barbara Limited (“St Barbara”) acquired Bardoc Gold Limited for A$157 million in April 2022, and took control of the Bardoc Gold Project. Aphrodite is the largest of the five deposits at Bardoc. Also in April 2022, St Barbara announced plans to develop Aphrodite in conjunction with an expansion of the Leonora Processing Plant, located 180 km north by rail, increasing throughput from 1.4 Mtpa to 2.1 Mtpa and allowing treatment of Aphrodite’s refractory ore. In October 2022, St Barbara decided to defer major capital expenditures for at least one year, including the expansion and refractory ore circuit at the Leonora Processing Plant and construction of the Aphrodite mine. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 2.5% is applicable Séguéla Perama Hill Location: Côte d’Ivoire Operator: Fortuna Silver Mines Inc. Precious Metals: Au Royalty: NSR: 1.2% Location: Greece Operator: Eldorado Gold Corporation Precious Metals: Au Royalty: NSR: 2% In March 2021, Franco-Nevada acquired a 1.2% NSR from Roxgold Inc. (“Roxgold”) on the license covering its Séguéla open-pit gold project located in Côte d’Ivoire. The royalty is subject to a buy-back of up to 50% for a period of time. In July 2021, Fortuna Silver Mines Inc. (“Fortuna”) acquired Roxgold Inc. Roxgold completed a preliminary economic assessment in April 2020 and, in May 2021, released the results of a feasibility study that outlined a 9-year open-pit mine producing an average of 120,000 ounces of gold per year. In September 2021, Fortuna announced a positive construction decision for Séguéla, with first gold pour projected by mid-2023. Fortuna also indicated 130,000 ounces of gold production annually for the first six years of production. As of February 2023, construction activities are progressing on time and on budget with the overall project approximately 90% complete, with commissioning remaining on schedule for Q2 2023. In March 2022, Fortuna announced a maiden Inferred Mineral Resource estimate for the Sunbird discovery. Fortuna has stated that the focus at Sunbird is currently on upgrading its resource confidence with the ultimate intention of conversion to mineral reserves, expanding reserves at Séguéla and increasing the 9-year life-of-mine. In 2023, Fortuna plans to continue exploring the land package with an active exploration program to generate and test near-mine targets. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.2% is applicable Franco-Nevada has a 2% NSR on the Perama Hill project held by Eldorado Gold Corporation (“Eldorado”). The Perama Hill gold project is located in the Thrace region of northeastern Greece and consists of two mining titles covering an area of 19 km 2 and two mining exploration licenses covering an area of 18 km 2 . Eldorado has been challenged in getting the needed approvals to advance its activities in Greece. Perama Hill has an estimated Mineral Reserve of 1,250,000 ounces (12.5 million tonnes grading 3.11 g/t) and contemplates operating as a small open-pit mine using a conventional carbon-in-leach gold recovery circuit. Project optimization and studies are ongoing to prepare permitting documentation. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 2.0% is applicable