S A N J O R G E Location: Argentina, South America | Operator: Zonda Metals GmbH & Grupo Alberdi | Precious Metals: Au | Royalty: NSR: 7.5% on Au PSJ Cobre Mendocino (San Jorge) is a copper-gold porphyry project located in west-central Argentina, in the province of Mendoza approximately 110 km northwest of the provincial city of Mendoza and 240 km northeast of Santiago, Chile. Aterra Investments Ltd. and Solway Industries Ltd. (“Solway”) acquired the property from Coro Mining Corp. in April 2015. Solway reported prefeasibility results on their website, with annual production of over 40,000 tonnes of copper and 40,000 ounces of gold contained in concentrate over a 16-year life. The project is now being advanced by Zonda Metals GmbH and Grupo Alberdi, who are re-evaluating the project scope and mine life under Argentina’s large investment incentive regime (RIGI), which offers tax benefits and foreign exchange stability for 30 years, among other advantages. Franco-Nevada received annual minimum payments of $1.25 million per year for a 10-year period which ended in 2021 and maintains a 7.5% NSR on all gold produced from the property, having acquired the royalty through its acquisition of Lumina Royalty Corp. in December 2011. For Royalty Ounce calculation, Franco-Nevada estimates 100% of the gold Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 7.5% is applicable P A S C U A - L A M A Location: Chile, South America | Operator: Barrick Gold Corporation | Metals: Au & Cu | Royalty: NSR: 2.941% (Au) / 0.588% (Cu) Franco-Nevada has a 2.941% NSR (Au) / 0.588% NSR (Cu) on the Chilean portion of Barrick’s Pascua-Lama project which straddles the border between Chile and Argentina. Barricks’ Pascua-Lama project is one of the largest gold endowments globally, with 21 million gold ounces of Measured and Indicated Resources. Barrick is currently focused on the closure of the legacy Pascua-Lama project and also on completion of an updated economic assessment. For Royalty Ounce calculation, Franco-Nevada estimates 80% of the gold Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 2.941% is applicable V O L C A N Location: Chile, South America | Operator: Tiernan Gold Corporation | Metals: Au | Royalty: NSR: 1.5-3.0% Franco-Nevada has a 1.5% NSR on the entire 530 km2 land package, and a further 1.5% NSR on the exploration concessions. Volcan is a large high-quality resource with 9.8 Moz Au of Measured and Indicated Resources located in the prolific Maricunga Gold Belt which hosts a number of operating mines with over 100 million gold ounces of past and present gold resources. Tiernan Gold Corporation is a wholly-owned subsidiary of Hochschild Mining plc and completed a PEA for Volcan in 2022, which outlined a 14-year mine life project producing c.340,000 gold ounces per annum on average for the first 10 years. 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 TSX / NYSE: FNV 36 ★ Franco-Nevada Corporation South America Overview Precious Metals