Kiziltepe, Türkiye W I L U N A Location: Australia | Operator: Wiluna Mining Corporation Limited | Precious Metals: Au | Royalty: NSR: 3.6% Franco-Nevada holds a 3.6% NSR royalty on all gold production from the Wiluna Gold Project located in Western Australia, covering all the 1,150 km2 property. Wiluna was discovered in 1896 and has produced in excess of 4.0 million ounces of gold to date, with nearly continuous production from 1987 to 2022. Wiluna has a 2.1 million tonnes per annum CIL treatment plant and has processed ore from several open pit and underground deposits. Wiluna Mining Corporation Limited (“WMC”) commissioned a 750,000 tonnes per annum Sulphide Ore Concentrate Plant in 2021 but then went into Voluntary Administration on July 20, 2022. Mining operations ceased on December 14, 2022. Stockpile processing continued to February 2023. Small-scale tailings reprocessing activity continued throughout 2024, to offset ongoing care and maintenance costs. Total production at Wiluna was 25,529 ounces of gold in 2024. Franco-Nevada executed a Forbearance and Convertible Note Deed with the Administrators of WMC in August 2023. Under this agreement, royalties continue to accrue to Franco-Nevada, but Franco-Nevada agreed not to enforce its rights under the royalty agreement while WMC seeks to recapitalize and relist on the ASX. WMC published a Pre-Feasibility Restart Study in February 2024, and a strategic review is underway. Franco-Nevada received no royalty revenue from Wiluna in 2024. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 3.6% is applicable K I Z I LT E P E Location: Türkiye | Operator: Zenit Madencilik San. ve Tic. A.S. | Precious Metals: Au & Ag | Royalty: NSR: 2.5% Franco-Nevada has a 2.5% NSR on the Kiziltepe gold-silver mine located in Türkiye which started production in April 2017. Kiziltepe is operated by Zenit Madencilik San. ve Tic. A.S., a JV owned by Özaltin Holding A.S. (53%), Ariana Resources PLC (“Ariana Resources”) (23.5%) and Proccea Construction Co. (23.5%). Kiziltepe produced 20,866 ounces of gold in 2024 compared with 17,683 ounces of gold in 2023. Ariana Resources had previously estimated average production of 20,000 ounces of gold equivalent per year over an initial 8-year mine life from 2017 to 2024. The operation is now targeting a minimum 10-year mine life with Mineral Reserves sufficient to enable production through 2026. Further exploration is underway with extensions to mine life possible across various vein systems covered by Franco-Nevada’s royalty. 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 2.5% is applicable Franco-Nevada Corporation ★ 79 TSX / NYSE: FNV Rest of World Additional Information Mineral Resources and Mineral Reserves Diversified Assets