Mineral Resources and Mineral Reserves COBRE PANAMA EXCLUSION w Mineral Resources - Inclusive of Mineral Reserves vie Over Grade Contained Metal Category Tonnes Au Ag Au Ag 000s g/t g/t 000 oz 000 oz Measured 129,100 0.14 1.63 581 6,766 Indicated 3,255,300 0.06 1.33 6,322 138,695 M&I 3,384,400 0.06 1.34 6,903 145,460 Inferred 1,087,300 0.04 1.09 1,291 37,903 Mineral Reserves Grade Contained Metal Category Tonnes Au Ag Au Ag 000s g/t g/t 000 oz 000 oz Proven 126,100 0.14 1.59 568 6,446 Probable 2,717,500 0.07 1.36 6,080 119,042 Total 2,843,600 0.07 1.37 6,648 125,499 • Source: First Quantum Minerals Ltd.'s Annual Information Form dated March 28, 2023 • The mine is currently in a phase of P&SM. Please refer to the “COBRE PANAMA” section on page 39 of this Asset Handbook. Due to the status of Cobre Panama, Mineral Resources and Mineral Precious Metals Reserves are being reported separately and are not included in the comprehensive Mineral Resources and Mineral Reserves tables above • Mineral Resources and Mineral Reserves are estimated using 2014 CIM De昀椀nition Standards • Mineral Resources are reported inclusive of Mineral Reserves • Stockpiles have been added into the Mineral Resources and Mineral Reserves • Rows and columns may not add up due to rounding sified Assets Diver ves Mineral Resources and Mineral Reser 122 ★ Franco-Nevada Corporation TSX / NYSE: FNV