E D I K A N Location: Ghana | Operator: Perseus Mining Limited | Precious Metals: Au | Royalty: NSR: 1.5% In 2011, Franco-Nevada acquired an effective 1.5% NSR royalty on Perseus Mining Limited’s (“Perseus”) Edikan gold mine within the Ashanti Gold Belt in Ghana, which includes two mining leases of approximately 93 km 2 . 2023 2022 2021 Revenue to Franco-Nevada ($ million) $ 6.1 $ 4.4 $ 3.9 M&I Resources (koz Au) 1 1,634 1,885 2,326 Inferred Resources (koz Au) 1 283 283 300 P&P Reserves (koz Au) 1 771 1,344 1,318 M&I Royalty Ounces (000s) 1,2 25 28 35 Inferred Royalty Ounces (000s) 2 4 4 5 P&P Royalty Ounces (000s) 2 12 20 20 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 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.5% is applicable Edikan is a large-scale, low-grade multi open pit operation that began commercial production in 2012, with ore processed through a centralized processing facility. In 2015, a Supplementary Environmental Impact Statement for mining the Fetish, Chirawewa, Bokitsi (collectively referred to as the “Eastern Pits”) and Esuajah North deposits was approved. After a mill upgrade and housing relocation project was completed at the end of 2016, the Esuajah South deposit was included in Edikan’s production profile and an updated life of mine plan was prepared. Gold production was forecast to average 212,000 ounces per annum over Edikan’s estimated mine life of 6.2 years from July 1, 2020 forward, including gold production of approximately 231,000 ounces per annum on average over the first four years. 2023 production at Edikan was 202,599 ounces of gold compared with 173,235 ounces of gold in 2022. In February 2024, Perseus announced that production in Perseus’ 2023 financial year (July 1, 2023 – June 30, 2024), is expected to be between 191,000 to 201,000 gold ounces. Exploration opportunities are expected to further extend the current mine life at Edikan with the operator focusing on new exploration targets within trucking distance. In July 2022, Perseus completed a feasibility study on development of the Nkosuo prospect which is approximately 7 km from the Edikan mill (not covered by Franco-Nevada’s royalty). Planned trucking of ore and processing of the Nkosuo ore at the Edikan mill is expected to increase the project mine life, allowing for future near-mine discoveries which could potentially fall on royalty ground. Stable production Exploration potential to further extend current mine life Edikan, Ghana Exploration License Mining License and Royalty Area Deposit Accra Edikan Ghana N kilometer 10 0 Edikan 1.5% NSR Ayanfuri Mine Licenses Mill Site Esuajah South Esuajah North Fetish Chirawewa Ataasi Mampon Abnabna Fobinso Dadieso 1.5% NSR TSX / NYSE: FNV 80 ★ Franco-Nevada Corporation Rest of World