D I V E R S I F I E D ( M I N I N G ) E X P L O R A T I O N A S S E T S The following table is a list of the diversified (mining) exploration assets of Franco-Nevada as at April 2, 2024. A list of the precious metals exploration assets can be found on pages 85-87. Assets that have had their terms or leases expire and have been written off are not listed. Diversified – Iron Ore and Other Mining Exploration Assets as at April 2, 2024 Asset Operator Interest and % 1 South America Para South Iron Project , Brazil Talon Ferrous Mineracao Ltda 0.5-1% NSR (All Metals) Trairao Iron Project , Brazil Talon Ferrous Mineracao Ltda $0.2995/tonne (Fe) Various-Vale , Brazil Vale S.A. Various (Fe) Bronce West , Chile Masglas America Corporation SpA 1-2% NSR (All Minerals) Calvario , Chile Austral Gold Limited (Minera Mena Chile Limitada) 1-2% NSR (All Minerals) Mirador , Chile Austral Gold Limited (Minera Mena Chile Limitada) 1-2% NSR (All Minerals) Morros Blancos , Chile Pampa Metals Corp.(Pampa Metals Chile SpA) 1-2% NSR (All Minerals) Reina Hija , Chile Sumitomo Metal Mining Co., Ltd. (Sumitomo Metal Mining Chile Ltda) 1-2% NSR (All Minerals) San Valentino , Chile Atacama Copper Exploration Limited 1-2% NSR (All Minerals) Vizcachitas , Chile Los Andes Copper Limited 0.51-2% NSR (All Minerals) United States Chilito-Cyprus Christmas , Arizona Grupo Mexico (Asarco LLC) $0.02/lb (Cu); beyond 650M lbs production Zeolites , Arizona Imagin Minerals et al $1.50/ton plus escalator (Clay) EaglePicher Diatomite II , Nevada EP Minerals, LLC $0.25/short ton plus other (Diatomite) Boling Dome , Texas Total E&P USA, Inc./H & L New Gulf, Inc. $0.0028225 per long ton (Sulfur) Hobson Pearson , Texas Uranium Energy Corp. 20% OR (Uranium) Tintic , Utah Ivanhoe Electric Inc. 1% NSR (All Minerals) Shirley Basin (Davy Crockett) , Wyoming Ur-Energy Inc. (Pathfinder Mines Corporation) 4% GR (Uranium) Canada Carruthers , British Columbia Cariboo Rose Resources Ltd. 2.5% NSR (All Minerals) (buy-back option on 1.5%) Trout Lake (MAX Moly Mine) , British Columbia Cameo Industries Corp. 2.5% NSR (All Minerals) Golden Ridge , New Brunswick Darryl Leblanc 2% NSR (All Minerals) Buchans , Newfoundland and Labrador Canterra Mineral Corporation 2% NSR (All Minerals) (buy-back option on 1%) LabMag (Taconite) , Newfoundland and Labrador Abaxx Technologies Inc. 1.666% GR (Iron Ore-Taconite) Mary March , Newfoundland and Labrador Canstar Resources Inc. 1% NSR plus other (All Minerals) Mazenod , Northwest Territories BFR Copper & Gold Inc. 2% NSR (All Minerals) (buy-back option on 1%) Redstone (Coates Lake) , Northwest Territories Copper North Mining Corp. (Redbed Resources Corp.) 3-4% NSR (Cu, Ag) Black Thor , Ontario Wyloo Pty Ltd 2-3% NSR (Cr, Ni, Cu) Bull Lake , Ontario Wyloo Pty Ltd 2% NSR (All Minerals) Butler and Sanderson (Diagnos) , Ontario Wyloo Pty Ltd /MacDonald Mines Exploration Ltd. ROFR on Diagnos Royalty (Diamonds/Base Metals) Cline Lake , Ontario Alamos Gold Inc. 0.75% NSR (All Minerals) Diagnos , Ontario Debut Diamonds Inc. 2% NSR (All Minerals) Eagle’s Nest , Ontario Wyloo Pty Ltd 1% GR (All Minerals) Folson Lake , Ontario Wyloo Pty Ltd 2% NSR (All Minerals) Kyle , Ontario Renforth Resources Inc. 2% NSR (All Minerals) MacFadyen & Pele , Ontario Wyloo Pty Ltd 2% NSR (All Minerals) Ring of Fire (Original Noront Properties) , Ontario Wyloo Pty Ltd 2% NSR (All Minerals) Sungold , Ontario Interbanc Capital Corp. 2% NSR (All Minerals) Benoist , Quebec Cartier Resources Inc. 1% NSR (All Minerals) (buy-back option on 0.5%) Dalhousie , Quebec Wyloo Pty Ltd 2% NSR (All Minerals) Matagami JV , Quebec Glencore Canada Corporation 2% NSR (All Minerals) Matagami PD1 , Quebec Glencore Canada Corporation Net Carried Interest plus other (All Minerals) Crawford Lake , Saskatchewan Denison Mines Corp. 2% NSR (All Minerals) (buy-back option on 1%) TSX / NYSE: FNV 104 ★ Franco-Nevada Corporation Diversified (Mining) Exploration Assets