93 Franco-Nevada Corporation TSX / NYSE: FNV Other Mining Mineral Resources and Mineral Reserves Additional Information NuevaUnión (Relincho) Location: Chile, South America Operator: Teck Resources Limited / Newmont Corporation Metals: Cu, Au, Mo Royalty: NSR: 1.5% N NuevaUnión (Relincho) Royalty Area 1.5% NSR km 0 10 Mining and Royalty Area Pit Royalty Area Proposed Pit Proposed Mill N Arica Iquique Antofagasta La Serena Santiago Copiapo Relincho Chile Argentina Bolivia Peru Candelaria Marte-Lobo El Morro Pascua-Lama Cerro Casali Andacollo Regalito NuevaUnión is one of the largest undeveloped copper-gold-molybdenum projects in the Americas. A prefeasibility study was completed in 2018 which incorporated key design changes to improve project economics and respond to local community and ESG input. The prefeasibility study outlined an increased mine life from 32 to 36 years, with a three-phase development approach assuming life of mine average production of 251,000 tonnes of copper equivalent production based on $10 per pound molybdenum and $1,300 per ounce gold. Phase 1 (Years 1 – 3) would see mining and a processing facility at the Relincho site assuming processing of 104,000 tonnes per day (“tpd”). In Phase 2 (Years 4 – 18), mining activities would transfer to the La Fortuna site utilizing an ore conveyance system to transport ore to the processing facilities at Relincho (116,000 tpd in Phase 2). Phase 3 (Years 19 – 36) would see mining activities transfer back to Relincho with an expansion to the processing facilities increasing processing to 208,000 tpd. A feasibility study was also completed in 2020, with further optimization work conducted. An updated preliminary economic assessment disclosed by Teck contemplates a conveyor to transport ore from the El Morro site to a single line mill and concentrator facility at the Relincho site. The phased development approach contemplated in the study allows for future expansions to be funded from project cash flow, reducing any initial funding requirement. Work in 2023 will be focused on establishing a cost- effective path forward for the development of the project. One of the largest undeveloped Cu-Au-Mo projects in the Americas Joint venture combines Relincho and La Fortuna to one project Project synergies estimated to significantly reduce capital expenditure 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ – $ – $ – M&I Resource (Mlbs Cu) 1 16,068 16,068 16,068 Inferred Resource (Mlbs Cu) 1 5,752 5,752 5,752 P&P Reserves (Mlbs Cu) 1 12,078 12,078 12,078 M&I Royalty Ounces (000s) 1, 2 399 349 359 Inferred Royalty Ounces (000s) 2 163 143 147 P&P Royalty Ounces (000s) 2 286 250 258 1 Please refer to the tables on pages 116-120 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 2 For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.275% (which factors a NSR smelting charge of 15%) and excludes the first four years of production from estimates. Copper has been converted to Royalty Ounces assuming $4.00 per pound ($3.50 per pound in 2021, $3.50 per pound in 2020) Franco-Nevada has a 1.5% NSR royalty covering the Relincho property that is part of the NuevaUnión project being advanced by 50/50 joint venture partners, Teck Resources Limited (“Teck”) and Newmont Corporation (“Newmont”). The NuevaUnión project was formed in 2015 combining Teck’s Relincho project with Newmont’s La Fortuna (formerly El Morro) deposit, located approximately 40 km apart in the Atacama region of Chile. Franco- Nevada’s 1.5% NSR is subject to a maximum price of $6.00/lb copper and threshold price of $1.50/lb copper, inflation adjusted. No royalty is paid if the average price for the quarter is less than the threshold price and royalty payments commence four years after commercial production. Franco-Nevada acquired the royalty through its acquisition of Lumina Royalty Corp. in December 2011. NuevaUnión (Relincho), Chile