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

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