Other Mining CASERONES Location: Chile, South America | Operator: Lundin Mining Corporation | Metals: Cu & Mo | Royalty: NSR: 0.517% Franco-Nevada holds an effective 0.517% NSR on the producing Caserones copper-molybdenum mine located in the Atacama Region of northern Chile. 2023 2022 2021 Revenue to Franco-Nevada ($ million) $ 5.8 $ 3.0 $ – 1 M&I Resource (Mlbs Cu) 9,434 10,197 – 1 Inferred Resource (Mlbs Cu) 908 0 – 1 P&P Reserves (Mlbs Cu) 5,990 6,489 – 1,2 M&I Royalty Ounces (000s) 80 93 – 2 Inferred Royalty Ounces (000s) 8 – – 2 P&P Royalty Ounces (000s) 51 59 – 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 0.4395% is applicable for the copper Royalty Ounces (which factors in a NSR smelting charge of 15%). Copper has been converted to Royalty Ounces assuming $3.75 per pound ($4.00 per pound in 2022) Through a series of transactions in 2022 and 2023 Franco-Nevada Caserones, Chile acquired a 0.517% NSR for a net cost of $42.3 million. Caserones is an open pit mine which began operation in 2013, following Caserones a capital investment of approximately US$4.2 billion. On March 27, 2023, 0.517% NSR N Lundin Mining announced that it had entered into a binding purchase 0 10 agreement to acquire 51% of the outstanding equity of SCM Minera Lumina Copper Chile (“Lumina Copper”), a wholly owned subsidiary of JX Nippon kilometer Mining & Metals Corporation of Japan, which operates the mine. The mine is located approximately 135 km southeast of Copiapó, 9 km from the border with Argentina and has a maximum elevation of approximately 4,600 meters above sea level. The porphyry copper-molybdenum deposit 2 is located within a large land package, of which the royalty covers ~170km . Caserones Mine The asset produces copper and molybdenum concentrates from a conventional crusher, mill and flotation plant, as well as copper cathode from a dump leach, solvent extraction and electrowinning plant (“SX-EW”). The processing facilities have historically produced Mineral Resources and Mineral Reser approximately 100,000–120,000 tonnes of copper in concentrate, 1,700 to 2,500 tonnes of molybdenum in concentrate and approximately 0.517% NSR Peru 25,000 tonnes of copper cathodes per year. Lundin issued guidance Arica for 120,000 – 130,000 tonnes of copper in 2024 and they also announced the start of the largest exploration program on the land Iquique package since the mine began operations. Chile Argentina Bolivia N Antofagasta Chile Producing mine in Chile Long life copper asset Chile Copiapo Marte-Lobo ves Large land package and aggressive exploration program Candelaria Cerro Casali Relincho Regalito Los Helados Caserones Jose Maria 1 Andacollo Exploitation Concession 2 1 Pacic Ocean Exploration /Exploitation Argentina Concession Santiago Caserones Royalty AOI Additional Inf 1 Grants the title holder the right to perform mining operations and to extract ore 2 Grants the title holder the right to explore exclusively a determined area for a speci昀椀ed amount of time or mation TSX / NYSE: FNV Franco-Nevada Corporation ★ 97