Other Mining EAGLEPICHER w Location: Nevada, United States | Operator: US Silica | Metals: De | Royalty: Production Payment vie Over EaglePicher is a diatomaceous earth operation in Pershing County, Nevada, located about 23 miles northwest of Lovelock. The royalty is based on a fixed payment per ton which fluctuates based 1950s with approximately 65% of production coming from Franco-Nevada on the average sales price from the prior year’s sales. The royalty covers land. The revenue received from EaglePicher in 2022 and 2023 was 2 approximately 15 km of checkerboard lands. The intervening lands are $319,000 and $424,000, respectively. public and EaglePicher holds unpatented placer claims on those lands as Franco-Nevada has not included EaglePicher in Royalty Ounce estimates needed for mining. The mine has been in continuous operation since the Precious MetalsCOPPER CREEK Location: Arizona, United States | Operator: Faraday Copper Corp. | Metals: Cu, Mo & Ag | Royalty: NSR: 1% and Production Decision Royalty Payments Copper Creek is a 3-kilometer-long porphyry copper deposit located in Pinal County, less than two hours northeast of Tucson, Arizona. Payment of $3,000,000 ($500,000 per year over 6 years) is due production of 51,100 payable CuEq tonnes per year during active mining. to Franco-Nevada following achievement of commercial production Capital investment is estimated at $798 million with a two-year construction of minerals within a 5-mile radius of certain patented claims now held period. The Globe and Copper Prince open pit deposits are currently by Faraday Copper Corp. (Faraday). The Copper Creek mineral resource scheduled to be mined within the first three years of operations. sified Assetsarea is within this 5-mile radius and would therefore be expected to trigger such payments upon production. A 1% NSR is payable to Franco-Nevada Faraday is currently performing baseline environmental monitoring Diver on all production from certain areas within Faraday’s control. The royalty and data collection to support the permitting process. Faraday is also covers approximately 70% of the Globe and 50% of the Copper Prince performing an assessment and classification of waterways for a 404 open pit resources as reported in Faraday’s Preliminary Economic Assessment permit. In 2024, Faraday plans on completing the Phase III exploration (PEA) released in May 2023. The Globe resource contains 9.88 Mt drill program focused on resource expansion and testing new targets, of sulphide/transitional ore at 0.40% Cu and 2.71 Mt of oxide ore at metallurgical programs to support coarser grind and tailings optimization 0.37% Cu. The Copper Prince resource contains 20.72 Mt of sulphide/ and a gold assay program to support the inclusion of gold in future transitional ore at 0.45% Cu and 5.89 Mt of oxide ore at 0.36% Cu. resource updates and project economics. The 2023 PEA reported 4.2 billion pounds of copper in Measured and Franco-Nevada has not included Copper Creek in Royalty Ounce estimates Indicated Mineral Resources. The PEA has a 32-year mine life with average MILPILLAS Location: Mexico | Operator: Industrias Peñoles, S.A.B. de C.V. | Metals: Cu | Royalty: Production Payment Franco-Nevada has a production payment royalty on the Milpillas copper mine in Sonora, Mexico operated by Industrias Peñoles, S.A.B. de C.V. (“Peñoles”). The royalty is $0.04/lb of copper produced, if the price of copper is above from Freeport-McMoRan Inc. Production resumed in mid-2022 after active 2 $1.20/lb. The royalty ground covers an estimated 30 km . The project is mining was paused due to low copper prices in Q2 2020. In 2023 an underground copper mine and heap leach operation and was acquired Franco-Nevada received $1.1 million in royalty payments from Milpillas. by Franco-Nevada in September 2020 as part of a portfolio of 24 royalties Franco-Nevada has not included Milpillas in Royalty Ounce estimates 102 ★ Franco-Nevada Corporation TSX / NYSE: FNV