M I N E L I F E I N D E X Franco-Nevada’s asset portfolio is comprised of a large variety of properties and operations with a range of projected production profiles. The chart (opposite) provides an estimated mine life index for some of the producing and advanced assets with published Mineral Resource and Mineral Reserve estimates. For each asset, management has estimated a mine life index by dividing the Proven and Probable Mineral Reserves as well as the Measured and Indicated Mineral Resources (inclusive of Mineral Reserves) by management’s best estimate of the average annual forward-looking production. Franco-Nevada has not included any Inferred Mineral Resources in the analysis. This metric is to provide investors and analysts with an indication of the potential for the assets in which Franco-Nevada has interests and should not be viewed as a definitive mine life estimate. In an effort to provide a more accurate picture for the mine life index of the overall portfolio, Franco-Nevada has divided its total M&I Royalty Ounces (inclusive of Mineral Reserves) by the midpoint of its 2025 Precious Metal and Diversified Mining production guidance. The average mine life index of the mining portfolio using this methodology is approximately 38 years. For our energy assets, Franco-Nevada receives a variety of third-party reports estimating our reserves and resources for oil, gas and natural gas liquids. We have calculated the asset lives of our assets by dividing the total reserves for each asset by the prior year annual production volume. The estimates are based on Proven and Probable reserves for our Canadian assets and Proven, Probable and Possible reserves for our U.S. assets (excluding our venture with Continental Resources). On that basis our Canadian assets have an estimated aggregate asset life of approximately 23 years and our U.S. assets have an estimated aggregate asset life of 21 years. 1 Mineral Resources and Mineral Reserves used in the Mine Life Index calculation are based on publicly disclosed information as of March 13, 2025 2 Mineral Resources and Mineral Reserves used for Carlin Trend in the Mine Life Index reflect Franco-Nevada management’s best estimate of Goldstrike, Gold Quarry and South Arturo only 3 Cobre Panama, currently on preservation and safe management, is not included in the above calculations 4 Mine life as disclosed by Vale S.A in their latest 20-F and exhibits. Mine life represents longest disclosed mine life 5 Mine life as disclosed by LIORC in their most recent annual report, based on Mineral Resources and Mineral Reserves only 0 5 10 15 20 Based on M&I1 (inclusive of P&P) Based on P&P1 LIORC5 Vale (Northern and Southeastern System)4 Diversified Edikan Duketon Subika (Ahafo) Séguéla Tasiast Sabodala-Massawa Complex Precious Metals – Rest of World Valentine Gold Magino Greenstone Island Gold Canadian Malartic Timmins Musselwhite Kirkland Lake Brucejack Hemlo Detour Lake Precious Metals – Canada Stibnite Castle Mountain Mesquite Bald Mountain Marigold Carlin Trend2 Stillwater Precious Metals – United States Guadalupe-Palmarejo Central America and Mexico3 Salares Norte Mara Rosa Cerro Moro Antamina Antapaccay Candelaria Precious Metals – South America Years Franco-Nevada Corporation ★ 123 TSX / NYSE: FNV Additional Information