Additional Information ASSET COUNTS ACREAGE OF ASSETS w Franco-Nevada’s assets are categorized by commodity and stage The following is a tabulation of the acreage of Precious Metals and vie of development. By commodity, assets are characterized as “Precious Diversified lands subject to Franco Nevada’s royalty, stream or other Metals” or “Diversified”. Precious Metals includes gold, silver and interests as at April 2, 2024. Acreage amounts are approximate Over PGM assets. Diversified includes iron ore, other mining and energy or estimated and are compiled from information contained in asset assets (which encompass oil, gas and natural gas liquids). “Producing” agreements and updated when possible using various sources including assets are those that have generated revenue from steady-state government recording offices, operator information such as technical operations for Franco-Nevada or are expected to in the next year. reports, presentations and other sources. Acreage has been converted “Advanced” assets are interests on projects which are not yet into standard measure by Franco-Nevada. producing but where, in management’s view, the technical feasibility and commercial viability of extracting Mineral Resources are demonstrable. “Exploration” assets represent interests on projects (1) where technical feasibility and commercial viability of extracting Franco-Nevada Acreage Tabulation Mineral Resources are not demonstrable. Producing Advanced Exploration Total Precious Metals Management uses the following criteria in its assessment of technical South America 632,755 212,904 375,095 1,220,754 feasibility and commercial viability: Central America & Mexico 62,268 – 675 64,943 1. Geology: there is a known mineral deposit which contains Mineral United States 88,561 35,130 195,536 319,227 Resources or Mineral Reserves; or the project is adjacent to Canada 135,208 211,030 840,554 1,186,792 a mineral deposit that is already being mined or developed and Australia 1,428,822 261,994 736,962 2,427,778 Precious Metals there is sufficient geologic certainty of converting the deposit Rest of World 1,554,309 216,209 52,863 1,823,381 into Mineral Resources or Mineral Reserves. Total 3,901,923 937,267 2,201,685 7,040,875 2. Accessibility and authorization: there are no significant unresolved Diversi昀椀ed – Iron Ore & Other Mining issues impacting the accessibility and authorization to develop or mine the mineral deposit, and social, environmental and South America 792,380 54,516 3,061,300 3,908,196 governmental permits and approvals to develop or mine the Central America & Mexico 6,605 59,552 – 66,157 mineral deposit appear obtainable. United States 29,234 25,140 18,586 72,960 For accounting purposes, the number of assets has been counted in Canada 44,973 12,462 361,644 419,079 different manners depending on the category. Royalties on a producing AustraliaAustralia 173,438 49,999 951,514 1,174,951 or advanced property are generally counted as a single asset even if Rest of World – – 265,842 265,842 Franco-Nevada has multiple different royalties on the property, such as Total 1,046,630 201,669 4,658,886 5,907,185 at the Goldstrike complex. Streams covering a group of mines in close proximity and operated by a common operator, such as the Sudbury (2) Diversi昀椀ed – Energy sified Assets streams, have also been counted as one asset. However, royalties United States 2,592,936 – 53,994 2,646,930 and streams on producing properties that have significant co-products Canada 615,043 – 313,552 928,595 Diver have been counted twice, such as the Robinson royalties for gold Total 3,207,979 – 367,546 3,575,525 and copper or the Sudbury streams for gold and PGM. Exploration royalties are simply counted by the number of royalty contracts and no effort has been made to consolidate royalties on the same property. Total Estimated Acreage 16,523,585 Franco-Nevada’s energy interests are subdivided into Producing 2 Assets, which are assets that are currently producing oil or natural Total km 66,869 gas, or Exploration Assets, which are undeveloped assets that are not (1) Represents management’s best available information as at April 2, 2024. Cobre Panama, ves producing oil or natural gas. Franco-Nevada’s energy interests consist currently on preservation and safe management, is included in the above calculations and 2 of a variety of royalty interests and working interests which are derived accounts for 32,111 acres (129.95 km ) from a large number of underlying leases, contractual agreements (2) Gross Acreage and mineral title covering land positions primarily in western Canada and Oklahoma, North Dakota, Pennsylvania, Louisiana and Texas in the United States. For accounting purposes, these leases, contracts and mineral title have been grouped into distinct land areas and tabulated as individual assets. In many cases, Franco-Nevada owns multiple royalties or working interests that pertain to the same land area, and in these circumstances, the interests are counted as a single asset. Mineral Resources and Mineral ReserAs of April 2, 2024, Franco-Nevada estimates that it holds 238 Precious Metals assets and 192 Diversified assets for a total of 430 assets. Franco-Nevada Asset Counts at April 2, 2024 Precious Metals Diversi昀椀ed Total Producing 48 701 118 2 Advanced 32 9 41 mation Exploration 158 1133 271 or Total 238 192 430 1 14 Mining Assets / 56 Energy Assets 2 9 Mining Assets 3 86 Mining Assets / 27 Energy Assets Additional Inf 126 ★ Franco-Nevada Corporation TSX / NYSE: FNV