Rest of World Duketon Location: Australia ww Operator: Regis Resources Ltd. vievie Precious Metals: Au erer Royalty: NSR: 2% vv OO 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ 10.7 $ 11.1 $ 9.6 M&I Resource (koz Au)1 4,120 3,950 4,160 Inferred Resource (koz Au)1 1,030 610 500 P&P Reserves (koz Au)1 1,400 1,990 1,540 1, 2 M&I Royalty Ounces (000s) 71 72 77 2 Inferred Royalty Ounces (000s) 16 11 9 2 P&P Royalty Ounces (000s) 25 37 29 Duketon, Australia etals 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 Duketon South Operations (“DSO”): Regis reported DSO production 2 For Royalty Ounce calculation, Franco-Nevada estimates 88% (93% in 2021, 93% in 2020) of Mineral of 248,544 ounces of gold for calendar year 2022. All of DSO production Reserves and 86% of the Mineral Resources (91% in 2021, 92% in 2020) are subject to our royalty ecious M interest and estimates a rate of 2.0% is applicable was subject to Franco-Nevada’s royalty in 2022. DSO has five operating r P mines at Garden Well, Rosemont, Erlistoun, Tooheys Well and Banyego. Franco-Nevada has a 2% NSR royalty that covers 2,678 km2 Franco-Nevada’s royalty covers all of DSO’s Mineral Resources and Mineral of the Duketon gold project in Western Australia. Reserves, except for Ben Hur and a small portion of Erlistoun. DSO production began in 2012 at Garden Well which has a 5 Mt per annum The project is operated by Regis Resources Ltd. (“Regis”) and includes plant. Rosemont has a 2.5 Mt per annum plant and milled ore from nine operating mines and five other deposits at various stages of Rosemont is piped 10 km in a slurry form for leaching at Garden Well. Ore development. The royalty covers all known Mineral Resources and Mineral from satellite deposits at Erlistoun, Tooheys Well and Ben Hur is hauled to Reserves, except for the Gloster, Ben Hur and Anchor satellite deposits Garden Well for processing. and portions of the Erlistoun, Dogbolter and Petra satellite deposits. Regis Garden Well South Underground production commenced in March 2022, reported production of 327,783 ounces of gold for 2022 and provided with first stope production in October 2022. Garden Well Main production guidance of 320,000 to 355,000 ounces of gold for the fiscal Underground scoping study commenced in 2022 and an exploration year ending June 30, 2023. During 2022, approximately 91% of total decline was approved. In January 2022 heavy rains caused a pit wall Duketon production was subject to Franco-Nevada’s royalty and a similar failure and halted production at the Rosemont Main Pit, which had been portion is expected in 2023. due for completion in June 2022. Production at Rosemont Underground and Rosemont North Pit was not affected. Duketon Duketon North Operations (“DNO”): Regis reported DNO production Royalty Area of 79,239 ounces of gold for calendar year 2022. DNO has five operating 2% NSR Port Hedland mines at Moolart Well, Gloster, Dogbolter, Anchor and Petra. Moolart Well has been in production since 2010 and has a 2.5 Mt per annum plant. Moolart Well is covered by Franco-Nevada’s royalty, but has provided only N a small portion of ore to the Moolart Well mill since 2016. The majority of 0 30 ore processed through the Moolart Well plant since 2016 comes from four Kalgoorlie km Kambalda satellite deposits. Gloster and Anchor satellite deposits are not covered Perth Norseman by Franco-Nevada’s royalty. Dogbolter and Petra satellite deposits are * Additional royalty lands partially covered by Franco-Nevada’s royalty. Approximately 73% of DNO to south not shown due to scale. production was subject to Franco-Nevada’s royalty in 2022. Exploration: With an extensive land position and an active exploration program, Regis continues to add to the overall Mineral Resources and Moolart Well Mineral Reserves at Duketon. Gloster Dogbolter Current Royalty Garden Well South Underground production Petra Tenements commenced March 2022 Original Royalty Rosemont Tenements Garden Well Main Underground scoping study Deposits Garden Well underway and exploration decline approved King John Tooheys Well Extensive land position and active Russells Baneygo Find exploration program Erlistoun Reichelts Find 78 Franco-Nevada Corporation TSX / NYSE: FNV