C O B R E P A N A M A E X C L U S I O N Mineral Resources - Inclusive of Mineral Reserves Grade Contained Metal Category Tonnes 000s Au g/t Ag g/t Au 000 oz Ag 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 000s Au g/t Ag g/t Au 000 oz Ag 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 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 Definition 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 TSX / NYSE: FNV 122 ★ Franco-Nevada Corporation Mineral Resources and Mineral Reserves