YA N D A L ( B R O N Z E W I N G ) Location: Australia | Operator: Northern Star Resources Limited. | Precious Metals: Au | Royalty: NSR: 2% Bronzewing is located in the Yandal Greenstone Belt of Western Australia. Franco-Nevada’s royalty covers 590 km2 including all Mineral Resources identified. 2024 2023 2022 Revenue to Franco-Nevada ($ million) $ 1.1 $ 0.5 $ − M&I Resources (koz Au)1 3,764 3,882 3,909 Inferred Resources (koz Au)1 468 518 459 P&P Reserves (koz Au)1 2,143 2,320 2,147 M&I Royalty Ounces (000s)1,2 35 36 37 Inferred Royalty Ounces (000s)2 4 5 4 P&P Royalty Ounces (000s)2 19 20 19 1 Please refer to the tables on pages 114-120 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 47% of Mineral Resources and Mineral Reserves (47% in 2023, 47% in 2022) are subject to our royalty interest and estimates a rate of 2.0% is applicable Bronzewing produced 2.19 million ounces of gold from several open pit and underground deposits from 1994 to 2004 and a further 0.19 million ounces from open pit deposits from 2010 to 2013. The project has changed ownership several times since 2013. Northern Star acquired the project in November 2019 in a A$193 million take-over deal. Northern Star invested A$180 million to double capacity at the Thunderbox Mill from 3.0 million tonnes per annum to 6.0 million tonnes per annum. The mill expansion was completed in December 2022 and mining resumed at Bronzewing in April 2023. Ore is sourced from the Orelia open pit gold deposit and hauled 100 km south to the Thunderbox Mill for processing. Northern Star’s Thunderbox Operations includes Bronzewing (Orelia) and Thunderbox. Northern Star reported total production of 225,545 ounces of gold at Thunderbox Operations in 2024. Approximately 7% of total Thunderbox Operations gold production was subject to Franco-Nevada’s royalty in 2024. The Yandal project also includes the Julius deposit where Franco-Nevada has a 1.5% NSR royalty under a separate royalty agreement. During 2021, Northern Star developed Julius as a satellite deposit of the Jundee Gold Mine. Mining at Julius ceased in June 2022, though some stockpile ore remains. Franco-Nevada received $1.1 million of royalty revenue from Julius in 2024. Yandal (Bronzewing) 2% NSR kilometer 10 0 N Current Royalty Tenements Excluded from Royalty Perth Port Hedland Kalgoorlie Wiluna Leinster Norseman Kambalda Yandal Orelia Operating mine Ore transported and processed at a central mill TSX / NYSE: FNV 78 ★ Franco-Nevada Corporation Rest of World Overview Precious Metals