50 TSX / NYSE: FNV Franco-Nevada Corporation United States Overview Overview Precious Metals Hollister Location: Nevada, United States Operator: Hecla Mining Company Precious Metals: Au Royalty: NSR: 3-5% N Hollister Project Hollister Deposit 5% Hollister/Ivanhoe USX Claims 3% NSR Hillcrest Finley River Block Hatter Graben Discovery USX Pits 1 mile In 2018 Hecla acquired Klondex, the previous operator, which included the Hollister mine, as well as the Fire Creek/Midas assets highlighted on page 49. In June 2019, Hecla announced that the Hollister mine would be placed on care and maintenance and it remained suspended through 2022. Exploration at Hollister has been focused on the definition of new exploration targets and Hecla remains committed to the exploration and definition of the Hatter Graben area. The Hatter Graben is expected to provide the future growth at Hollister and is one of the key reasons Hecla acquired Klondex. Underground exploration drilling at Hollister commenced in Q4 2021 and drilling from a new decline confirmed multiple new vein zones at the Hatter Graben. Hecla advanced the Hatter Graben decline in the first half of 2022 before they encountered an influx of water. Hydrogeology work and additional permitting will be required to handle the discharge that will be needed. Exploration decline at Hatter Graben advanced in 2022 to allow further exploration 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ – $ – $ – M&I Resource (koz Au) 1 51 51 51 Inferred Resource (koz Au) 1 273 273 273 P&P Reserves (koz Au) 1 – – – M&I Royalty Ounces (000s) 1, 2 2 2 2 Inferred Royalty Ounces (000s) 2 8 8 8 P&P Royalty Ounces (000s) 2 – – – 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 Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 3.0% is applicable Hollister is a historic underground mine with past production of approximately 425,000 ounces. Franco-Nevada holds NSR royalties covering 28 km 2 of the Hollister project. Franco-Nevada holds a 3% NSR royalty on the Hillcrest Finley River Block claims and a 5% NSR on the Hollister/Ivanhoe USX Claims. In addition to these NSR royalties, Franco-Nevada holds a 1-3% sliding scale NSR on all claims, which is subject to gold price and production thresholds and is capped at $3.5 million. Hollister Pacific Ocean Oregon Idaho Utah Nevada California Arizona MEXICO Hollister, Nevada