A C R E A G E O F A S S E T S A S S E T C O U N T S Franco-Nevada’s assets are categorized by commodity and stage of development. By commodity, assets are characterized as “Precious Metals” or “Diversified”. Precious Metals includes gold, silver and PGM assets. Diversified includes iron ore, other mining and energy assets (which encompass oil, gas and natural gas liquids). “Producing” assets are those that have generated revenue from steady-state operations for Franco-Nevada or are expected to in the next year. “Advanced” assets are interests on projects which are not yet producing but where, in management’s view, the technical feasibility and commercial viability of extracting Mineral Resources are demonstrable. “Exploration” assets represent interests on projects where technical feasibility and commercial viability of extracting Mineral Resources are not demonstrable. Management uses the following criteria in its assessment of technical feasibility and commercial viability: 1. Geology: there is a known mineral deposit which contains Mineral Resources or Mineral Reserves; or the project is adjacent to a mineral deposit that is already being mined or developed and there is sufficient geologic certainty of converting the deposit into Mineral Resources or Mineral Reserves. 2. Accessibility and authorization: there are no significant unresolved issues impacting the accessibility and authorization to develop or mine the mineral deposit, and social, environmental and governmental permits and approvals to develop or mine the mineral deposit appear obtainable. For accounting purposes, the number of assets has been counted in different manners depending on the category. Royalties on a producing or advanced property are generally counted as a single asset even if Franco-Nevada has multiple different royalties on the property, such as at the Goldstrike complex. Streams covering a group of mines in close proximity and operated by a common operator, such as the Sudbury streams, have also been counted as one asset. However, royalties and streams on producing properties that have significant co-products have been counted twice, such as the Robinson royalties for gold and copper or the Sudbury streams for gold and PGM. Exploration royalties are simply counted by the number of royalty contracts and no effort has been made to consolidate royalties on the same property. Franco-Nevada’s energy interests are subdivided into Producing Assets, which are assets that are currently producing oil or natural gas, or Exploration Assets, which are undeveloped assets that are not producing oil or natural gas. Franco-Nevada’s energy interests consist of a variety of royalty interests and working interests which are derived from a large number of underlying leases, contractual agreements and mineral title covering land positions primarily in western Canada and Oklahoma, North Dakota, Pennsylvania, Louisiana and Texas in the United States. For accounting purposes, these leases, contracts and mineral title have been grouped into distinct land areas and tabulated as individual assets. In many cases, Franco-Nevada owns multiple royalties or working interests that pertain to the same land area, and in these circumstances, the interests are counted as a single asset. As of April 28, 2025, Franco-Nevada estimates that it holds 241 Precious Metals assets and 189 Diversified assets for a total of 430 assets. Franco-Nevada Asset Counts at April 28, 2025 Precious Metals Diversified Total Producing 49 701 119 Advanced 31 72 38 Exploration 161 1123 273 Total 241 189 430 1 14 Mining Assets / 56 Energy Assets 2 7 Mining Assets 3 85 Mining Assets / 27 Energy Assets The following is a tabulation of the acreage of Precious Metals and Diversified lands subject to Franco-Nevada’s royalty, stream or other interests as at April 28, 2025. Acreage amounts are approximate or estimated and are compiled from information contained in asset agreements and updated when possible using various sources including government recording offices, operator information such as technical reports, presentations and other sources. Acreage has been converted into standard measure by Franco-Nevada. Franco-Nevada Acreage Tabulation(1) Producing Advanced Exploration Total Precious Metals South America 820,307 212,685 375,095 1,408,060 Central America & Mexico 30,157 32,111 675 62,943 Canada 485,189 206,996 858,914 1,551,099 United States 88,561 37,057 196,657 322,275 Australia 1,426,693 254,926 736,365 2,417,984 Rest of World 1,668,412 216,209 61,215 1,945,836 Total 4,519,319 959,957 2,228,921 7,708,197 Diversified – Iron Ore & Other Mining South America 731,713 54,516 3,163,072 3,949,301 Central America & Mexico 6,605 59,552 – 66,157 Canada 44,973 142,365 340,172 527,510 United States 29,234 25,140 18,585 72,959 AustraliaAustralia 88,197 – 1,086,754 1,174,951 Rest of World – – 265,842 265,842 Total 900,722 281,573 4,874,425 6,056,720 Diversified – Energy(2) United States 2,670,181 – 53,994 2,724,175 Canada 616,083 – 313,552 929,635 Total 3,286,264 – 367,546 3,653,810 Total Estimated Acreage 17,418,727 Total km2 70,491 (1) Represents management’s best available information as at April 28, 2025. Legal status of tenure and rate(s) of royalty, stream and other interests vary by agreement. Cobre Panama, currently on preservation and safe management, is included in the above calculations and accounts for 32,111 acres (129.95 km2) (2) Gross Acreage TSX / NYSE: FNV 122 ★ Franco-Nevada Corporation Additional Information Additional Information Overview Diversified Assets Precious Metals Mineral Resources and Mineral Reserves Additional Information