C O B R E P A N A M A E X C L U S I O N Mineral Resources - Inclusive of Mineral Reserves Grade Contained Metal Category Tonnes 000s Au g/t Ag g/t Au 000 oz Ag 000 oz Measured 100,900 0.15 1.65 487 5,353 Indicated 3,212,000 0.06 1.33 6,224 136,987 M&I 3,312,900 0.06 1.34 6,710 142,339 Inferred 1,084,500 0.04 1.09 1,286 37,825 Mineral Reserves Grade Contained Metal Category Tonnes 000s Au g/t Ag g/t Au 000 oz Ag 000 oz Proven 98,400 0.15 1.61 475 5,093 Probable 2,669,300 0.06 1.35 5,125 116,062 Total 2,767,700 0.06 1.36 5,600 121,243 • Source: First Quantum Minerals Ltd.’s Annual Information Form dated March 28, 2024 • Cobre Panama has been on P&SM with production halted since November 2023. Please refer to the “COBRE PANAMA” section on page 38 of this Asset Handbook. Due to the status of Cobre Panama, Mineral Resources and Mineral Reserves are being reported separately and are not included in the comprehensive Mineral Resources and Mineral Reserves tables above • Mineral Resources and Mineral Reserves are estimated using 2014 CIM Definition Standards • Mineral Resources are reported inclusive of Mineral Reserves • Stockpiles have been added into the Mineral Resources and Mineral Reserves • Rows and columns may not add up due to rounding TSX / NYSE: FNV 118 ★ Franco-Nevada Corporation Mineral Resources and Mineral Reserves Overview Precious Metals Diversified Assets Mineral Resources and Mineral Reserves