Y A N D A L ( B R O N Z E W I N G ) Location: Australia | Operator: Northern Star Resources Limited. | Precious Metals: Au | Royalty: NSR: 2% Bronzewing is located in the Yandal Greenstone Belt of Western Australia. Franco-Nevada’s royalty covers 590 km 2 including all Mineral Resources identified. 2023 2022 2021 Revenue to Franco-Nevada ($ million) $ 0.5 $ − $ − M&I Resources (koz Au) 1 3,882 3,909 1,282 Inferred Resources (koz Au) 1 518 459 263 P&P Reserves (koz Au) 1 2,320 2,147 791 M&I Royalty Ounces (000s) 1,2 36 37 26 Inferred Royalty Ounces (000s) 2 5 4 5 P&P Royalty Ounces (000s) 2 20 19 16 1 Please refer to the tables on pages 118-124 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 47% of Mineral Resources and Mineral Reserves (47% in 2022, 100% in 2021) are subject to our royalty interest and estimates a rate of 2.0% is applicable Bronzewing produced 2.19 million ounces of gold from several open pit and underground deposits from 1994 to 2004 and a further 0.19 million ounces from open pit deposits from 2010 to 2013. The project has changed ownership several times since 2013. Northern Star acquired the project in November 2019 in a A$193 million take-over deal. Northern Star invested A$180 million to double capacity at the Thunderbox Mill from 3.0 Mtpa to 6.0 Mtpa. The mill expansion was completed in December 2022 and mining resumed at Bronzewing in April 2023. Ore is sourced from the Orelia open pit gold deposit and hauled 100 km south to the Thunderbox Mill for processing. Northern Star’s Yandal Production Centre includes Bronzewing (Orelia), Thunderbox and Jundee. Northern Star reported total production of 495,548 ounces of gold at the Yandal Production Centre in 2023. Approximately 4% of total Yandal Production Centre gold productions was subject to Franco-Nevada’s royalty in 2023. The Yandal project also includes the Julius deposit where Franco-Nevada has a 1.5% NSR royalty under a separate royalty agreement. During 2021, Northern Star developed Julius as a satellite deposit of the Jundee Gold Mine. Mining at Julius ceased in June 2022, though some stockpile ore remains. Franco-Nevada received $0.1 million of royalty revenue from Julius in 2023. Yandal (Bronzewing) 2% NSR kilometer 10 0 N Current Royalty Tenements Excluded from Royalty Perth Port Hedland Kalgoorlie Wiluna Leinster Norseman Kambalda Yandal N BRAZIL BOLIVIA PARAGUAY Orelia Operating mine Ore transported and processed at a central mill Franco-Nevada Corporation ★ 81 TSX / NYSE: FNV Rest of World