South America Posse (Mara Rosa) CentroGold (Gurupi) Location: Brazil, South America Location: Brazil, South America Operator: Hochschild Mining PLC Operator: Oz Minerals Limited Precious Metals: Au Precious Metals: Au Royalty: NSR: 1% Royalty: NSR: 0-1% Franco-Nevada holds a 1% NSR royalty on the Posse Franco-Nevada holds a sliding scale NSR royalty (1% at open-pit project located in Mara Rosa in the State of greater than $400 per ounce gold) on the CentroGold Goiás, Brazil. (Gurupi) project located in the State of Maranhão in Hochschild Mining PLC (“Hochschild”) acquired the project through northern Brazil. its acquisition of Amarillo Gold Corporation (“Amarillo”) in April 2022. Oz Minerals Limited (“Oz Minerals”) acquired the previous operator, Hochschild has revised the August 2020 feasibility study prepared by Avanco Resources Limited (“Avanco”), in 2018. In July 2019, Oz Minerals Amarillo and the updated mine plan forecasts a 10-year mine life from an released an updated prefeasibility study on the project which envisioned open-pit with average annual gold production of 80,000 ounces of gold a 10-year mine life with average annual gold production of 100,000 to per year with 100,000 ounces of gold per year over the first four years of 120,000 ounces of gold per year with 190,000 to 210,000 ounces of gold production. The brownfield project benefits from existing infrastructure per year in the first two years of production. There is currently a mining and received the License to Install from state regulators in February 2021. license injunction for the property. In 2022, Oz Minerals underwent an Initial capital for the project is estimated at $200 million. As of January extensive negotiation and agreement process on a Land Use Agreement 2023, construction is advancing on schedule and reported to be and, in December 2022, the National Institute of Colonization and 50% complete as of the end of December 2022, with first production Agrarian Reform approved the Land Use Agreement required for anticipated in H1 2024. progressing the court injunction removal. Oz Minerals intends to For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral commence a feasibility study for the CentroGold project once the court Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable injunction is removed. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable D iv ersified A Calcatreu San Jorge ssets Location: Argentina, South America Location: Argentina, South America Operator: Patagonia Gold PLC Operator: Aterra Investments Ltd. and Solway Industries Ltd. Precious Metals: Au & Ag Precious Metals: Au Royalty: NSR: 2.5% Royalty: NSR: 7.5% M Franco-Nevada has a 2.5% NSR on the Calcatreu property San Jorge is a copper-gold porphyry project located in the iner in Argentina. Province of Mendoza, Argentina. al R esour Calcatreu is an epithermal gold-silver deposit located in the Province of Coro Mining Corp. (“Coro Mining”) prepared a prefeasibility study in c Rio Negro. In December 2017, Patagonia Gold PLC (“Patagonia”) acquired 2012 for a flotation copper project with a proposed open pit mine with es and M the property from Pan American Silver. The Calcatreu deposit contains enriched and primary sulphide ore, although failed to receive permitting an Indicated Mineral Resource of 669,000 ounces of gold and 6.3 million to proceed with the project. Aterra Investments Ltd. and Solway iner ounces of silver and an Inferred Mineral Resource of 348,000 ounces of Industries Ltd. (“Solway”) acquired the property from Coro Mining in gold and 3.4 million ounces of silver. In 2022, Patagonia held a series April 2015 and the project is currently on care and maintenance. Solway al R of outreach meetings with local communities, authorities and unions has reported prefeasibility results with annual production of over 40,000 eser v presenting an update on activities, to seek input from those groups and tonnes of copper and 40,000 ounces of gold contained in concentrate es others which will form a vital part of the permitting process for the project over a 16-year life. Under revised terms of the royalty agreement Franco- moving forward. During the same period, surface rights covering a major Nevada received annual payments of $1.25 million per year for a 10-year portion of the current Mineral Resource at Calcatreu were purchased. period which ended in 2021. Franco-Nevada maintains a 7.5% NSR on all gold produced from the property, having acquired the royalty through its For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral acquisition of Lumina Royalty Corp. in December 2011. Reserves are subject to our royalty interest and estimates an average rate of 2.5% is applicable For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral A Reserves are subject to our royalty interest and estimates an average rate of 7.5% is applicable dditional I nf orma tion TSX / NYSE: FNV Franco-Nevada Corporation 35