E D I K A N Location: Ghana | Operator: Perseus Mining Limited | Precious Metals: Au | Royalty: NSR: 1.5% In 2011, Franco-Nevada acquired an effective 1.5% NSR royalty on Perseus Mining Limited’s (“Perseus”) Edikan gold mine within the Ashanti Gold Belt in Ghana, which includes two mining leases of approximately 93 km2. 2024 2023 2022 Revenue to Franco-Nevada ($ million) $ 7.1 $ 6.1 $ 4.4 M&I Resources (koz Au)1 1,306 1,634 1,885 Inferred Resources (koz Au)1 280 283 283 P&P Reserves (koz Au)1 506 771 1,344 M&I Royalty Ounces (000s)1,2 20 25 28 Inferred Royalty Ounces (000s)2 4 4 4 P&P Royalty Ounces (000s)2 8 12 20 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 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.5% is applicable Edikan is a large-scale, low-grade multi open-pit operation, which began commercial production in 2012 with ore processed through a centralized processing facility. In 2015, mining of the Eastern Pits (Fetish, Chirawewa, Bokitsi) and Esuajah North deposits was approved. Following a mill upgrade and housing relocation project in 2016, the Esuajah South deposit was added to its production profile. From July 2020, gold production was forecast to average 212,000 ounces annually over a 6.2-year mine life, with 231,000 ounces per year on average during the first four years. Edikan produced 193,066 ounces of gold in 2024, down from 202,599 ounces in 2023. Perseus projects 2025 financial year production (July 2024 – June 2025) to be between 172,634 and 182,634 ounces and Franco-Nevada estimates that the majority of production will be from royalty ground. Exploration opportunities are expected to further extend the current mine life at Edikan with the operator focusing on new exploration targets within trucking distance. In 2022, a feasibility study on the Nkosuo prospect was completed with mining commencing in Q4 2024. Nkosuo is approximately 10 km from the Edikan mill and not covered by Franco-Nevada’s royalty, however planned trucking of ore and processing at the Edikan mill is expected to increase the project mine life, allowing for future near-mine discoveries which could potentially fall on royalty ground. Edikan, Ghana Exploration License Mining License and Royalty Area Deposit Accra Edikan Ghana N kilometer 10 0 Edikan 1.5% NSR Ayanfuri Mine Licenses Mill Site Esuajah South Esuajah North Fetish Chirawewa Ataasi Mampon Abnabna Fobinso Dadieso 1.5% NSR Stable production Exploration potential to further extend current mine life Franco-Nevada Corporation ★ 77 TSX / NYSE: FNV Rest of World Additional Information Mineral Resources and Mineral Reserves Diversified Assets