Other Mining TACA TACA w Location: Argentina, South America | Operator: First Quantum Minerals Ltd. | Metals: Cu, Au & Mo | Royalty: NSR: 1.08% vie Over Franco-Nevada has a 1.08% NSR royalty on all copper, gold and molybdenum produced from Taca Taca which was acquired through the acquisition of Lumina Royalty Corp. in December 2011. 2023 2022 2021 quarter of 2023, with eighteen pumping wells constructed. The initial water Revenue to Franco-Nevada ($ million) $ − $ – $ – use permit applications were submitted during the second quarter of 2023 1 and granting of the concessions are expected to follow the ESIA approval. M&I Resource (Mlbs Cu) 20,835 20,835 20,835 1 Inferred Resource (Mlbs Cu) 4,863 4,863 4,863 1 Large porphyry deposit with reserve of over 7.7 million P&P Reserves (Mlbs Cu) 17,052 17,052 17,052 1,2 tonnes of contained copper and 5.1 million ounces of gold M&I Royalty Ounces (000s) 368 490 437 2 Potentially First Quantum’s next development project Inferred Royalty Ounces (000s) 86 112 100 2 Precious Metals P&P Royalty Ounces (000s) 301 403 359 Feasibility activities, pre-development and permitting 1 Please refer to the tables on pages 118-124 for a breakout of grade and tonnages by Mineral work underway Resource category; all M&I categories are inclusive of Mineral Reserves 2 For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 0.918% is applicable for the copper Royalty Ounces (which factors in a NSR smelting charge of 15%). Copper has been converted to Royalty Ounces assuming $3.75 per pound ($4.00 per pound in 2022, $3.50 per pound in 2021) Taca Taca The property hosts a very large copper-gold-molybdenum porphyry system 1.08% NSR N and is located in the Puna region of northwestern Argentina in Salta 0 5 Province, 230 km west of the provincial capital of Salta. The royalty kilometer is subject to a buy-back provision. In November 2020, First Quantum filed an updated NI 43-101 technical 1.08% NSR sified Assets report and declared a maiden Mineral Reserve of over 7.7 million tonnes of contained copper. First Quantum’s technical report considers an open Diver pit mine plan which contemplates processing throughput of up to 60 million tonnes per annum through a conventional flotation circuit with an initial mine life of approximately 32 years. The Measured and Indicated Mineral Resource is 2,203 million tonnes, grading 0.43% copper, and contains 9,451,000 tonnes of contained copper, 265,000 tonnes of molybdenum and 6,052,000 ounces of gold. The Proven and Probable Mineral Reserve has been estimated at 1,759 million tonnes, grading 0.44% copper, for 7,735,000 tonnes of contained copper, 214,000 First Quantum tonnes of molybdenum and 5,087,000 ounces of gold. 2020 Technical Report Ultimate First Quantum is continuing with the project pre-development and feasibility Pit Design activities. The primary Environmental and Social Impact Assessment (“ESIA”) for the project, which covers the principal proposed project sites, was submitted in 2019 and supplementary submissions on tailings and Arica waste management were filed in 2022. As part of the revision process, N the company received a second set of observations to the ESIA in June 1.08% NSR Iquique Bolivia 2023 and submitted responses in October 2023. Approval of the ESIA is anticipated in 2024 with subsequent proceedings for construction and operations permits along with necessary approvals to follow. Antofagasta Peru In November 2022, the environmental aspects for a 345kV power line development was approved, however it will require detailed construction Pacic Ocean Taca Taca permits and the final ESIA to be approved. An additional environmental Royalty Area pre-feasibility ESIA was submitted in 2021 for a bypass and access road Copiapo NuevaUnión construction which approval is underway. The project will also require (Relincho) Argentina approval of concessions for borefield water supply for the mine. The Phase III La Serena groundwater exploration campaign successfully concluded during the second 96 ★ Franco-Nevada Corporation TSX / NYSE: FNV