Rest of World Edikan Location: Ghana Operator: Perseus Mining Limited Precious Metals: Au Royalty: NSR: 1.5% 2022 2021 2020 Revenue to Franco-Nevada ($ million) $ 4.4 $ 3.9 $ 4.4 M&I Resource (koz Au)1 1,885 2,326 2,573 Inferred Resource (koz Au)1 283 300 344 P&P Reserves (koz Au)1 1,344 1,318 1,477 1, 2 M&I Royalty Ounces (000s) 28 35 39 2 Inferred Royalty Ounces (000s) 4 5 5 2 P&P Royalty Ounces (000s) 20 20 22 Edikan, Ghana 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 2022 production at Edikan was 173,235 ounces of gold compared 2 For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral with 150,330 ounces of gold in 2021. In February 2023, Perseus Reserves are subject to our royalty interest and estimates a rate of 1.5% is applicable announced that production in Perseus’ 2023 financial year (July 1, 2022 – In 2011, Franco-Nevada acquired an effective 1.5% NSR June 30, 2023), is expected to be between 193,500 to 206,000 gold royalty on Perseus Mining Limited’s (“Perseus”) Edikan ounces. Exploration opportunities are expected to further extend the gold mine within the Ashanti Gold Belt in Ghana, which current mine life at Edikan with the operator focusing on new exploration targets within trucking distance. In July 2022, Perseus completed a 2 feasibility study on development of the Nkosuo prospect which is includes two mining leases of approximately 93 km . approximately 7 km from the Edikan mill (not covered by Franco-Nevada’s Edikan is a large-scale, low-grade multi open-pit operation that began royalty). Planned trucking of ore and processing of the Nkosuo ore at commercial production in 2012, with ore processed through a centralized the Edikan mill is expected to increase the project mine life to 2027, processing facility. In 2015, a Supplementary Environmental Impact allowing for future near-mine discoveries which could potentially fall on Statement for mining the Fetish, Chirawewa, Bokitsi (collectively referred royalty ground. to as the “Eastern Pits”) and Esuajah North deposits was approved. After D iv a mill upgrade and housing relocation project was completed at the end Exploration potential to further extend ersified A of 2016, the Esuajah South deposit was included in Edikan’s production current mine life profile and an updated life of mine plan was prepared. Gold production was forecast to average 212,000 ounces per annum over Edikan’s ssets estimated mine life of 6.2 years from July 1, 2020 forward, including gold production of approximately 231,000 ounces per annum on average over the first four years. Edikan Gold Mine Esuajah Esuajah North Royalty Area South Abnabna M 1.5% NSR Fobinso iner Mampon al R N Mill Fetish esour 0 10 Site c km Chirawewa es and M Ataasi iner Ayanfuri al R Dadieso Mine eser Licenses v es Mining License and Royalty Area Exploration License Ghana Deposit A Edikan dditional I Gold Mine Accra nf orma tion TSX / NYSE: FNV Franco-Nevada Corporation 79