75 Franco-Nevada Corporation TSX / NYSE: FNV Rest of World Mineral Resources and Mineral Reserves Additional Information Diversified Assets Tasiast Location: Mauritania Operator: Kinross Gold Corporation Precious Metals: Au Royalty: NSR: 2% Tasiast Main Trend 2% NSR Royalty Boundary Tasiast Mauritania Mali Senegal Algeria Original Royalty Area Tasiast Permit Area Plant Site Tasiast License Area, March 2012 Tasiast Mining License Tasiast Sud Gold Prospects Trends Resource/Reserve Target Plant Site Tasiast Sud N km 0 10 Kinross has been implementing a phased expansion of Tasiast. The Phase One expansion was completed during the third quarter of 2018. Phase One increased mill throughput from 8,000 tpd to 12,000 tpd. In September 2019, Kinross announced the Tasiast 24k project, increasing throughput to 21,000 tpd by year-end 2021 and 24,000 tpd by mid-2023. In Q4 2022, Kinross successfully finalized a three-year collective labour agreement at Tasiast with no interruption to operations. Including downtime for tie-ins, and ramp-up periods, the mill is targeting average throughput of between 20,000 and 21,000 tpd in 2023, to produce 610,000 ounces of gold. The mill has achieved 21,000 tpd and is expected to be consistently running at 24,000 tpd by the end of 2023. The Tasiast 24k is expected to extend the mine life by four years to 2033 and Tasiast is expected to produce over 600,000 ounces of gold per annum over the next several years. Tasiast 24k project on schedule to reach 24,000 tpd Prospective 75 km long greenstone belt, including Tasiast Sud 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ 18.3 $ 6.7 $ 14.3 M&I Resource (koz Au) 1 7,239 8,992 9,083 Inferred Resource (koz Au) 1 1,443 971 267 P&P Reserves (koz Au) 1 5,737 6,404 6,330 M&I Royalty Ounces (000s) 1, 2 145 180 182 Inferred Royalty Ounces (000s) 2 29 19 5 P&P Royalty Ounces (000s) 2 115 128 127 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 2.0% is applicable Franco-Nevada has a 2% NSR royalty on the Tasiast project operated by Kinross. Kinross acquired control of Tasiast in September 2010 pursuant to its acquisition of Red Back Mining Inc. The royalty originally covered three large permit areas in Mauritania, West Africa including the Tasiast main trend and Tasiast Sud. The most prominent permit area is Tasiast, with a currently reported mining license area of 312 km 2 and a total exploration license area of 3,118 km 2 . In 2022, Tasiast produced 538,591 ounces of gold compared with 170,502 ounces in 2021. Production in 2021 was impacted by a mill fire in June of that year. Kinross achieved record production and grades in Q4 of 2022. Tasiast, Mauritania