Iron Ore Other Additionally, the Royalty provides for a 1% (0.147% attributable) net sales World class iron ore mines producing high quality iron ore royalty on all other minerals (specified mining rights include prospective for low emission steel deposits for other minerals including zinc, manganese, amongst others), Strong potential for growth and multi-decade mine lives subject to certain thresholds. A 1% rate (0.147% attributable) applies Fully integrated production provides cost advantage to net proceeds in the event of an underlying asset sale. In total, the 2 2 Royalty covers approximately 15,000 km of prospective geology. Large land package of approximately 15,000 km Vale Northern System Serra Leste (Fe) 0.264% Iron Ore, 0.367% Copper/Gold Serra Norte (Fe) 0.147% Other Alemão Project Itabira Overview (Cu/Au) N Caué (Fe) 0 10 kilometer S11D (Fe) Conceição (Fe) Sossego (Cu/Au) Southeastern System Royalty Area Cu/Au Asset Brucutu (Fe) Minas Centrais Overview Iron Asset N Northern 0 10 System kilometer Brazil Southeastern System Fazendão (Fe) Capanema (Fe) Mariana Overview Mineral Resources and Mineral Reser ves Additional Inf or mation Vale, Brazil TSX / NYSE: FNV Franco-Nevada Corporation ★ 93