Kiziltepe, Türkiye W I L U N A Producing Location: Australia | Operator: Wiluna Mining Corporation Limited | Precious Metals: Au | Royalty: NSR: 3.6% Franco-Nevada holds a 3.6% NSR royalty on all gold production from the Wiluna Gold Project in Western Australia, encompassing the entire 1,150 km 2 property. Discovered in 1896, Wiluna has yielded more than 4.0 Moz of gold to date, with production occurring almost continuously from 1987 through 2022. The site features a 2.1 Mtpa CIL treatment plant and has processed ore from multiple open pit and underground deposits. Wiluna Mining Corporation Limited (“WMC”) commissioned a 750 ktpa Sulphide Ore Concentrate Plant in 2021; however, WMC entered Voluntary Administration on July 20, 2022. Mining activities ceased on December 14, 2022, while stockpile processing extended until February 2023. Wiluna gold resources total 7.0 Moz and gold reserves total 345 koz. Franco-Nevada entered into a Forbearance and Convertible Note Deed with the Administrators of WMC in August 2023. Under this agreement, royalty payments continue to accrue to Franco-Nevada from August 2023 to December 2024, but Franco-Nevada agreed not to enforce its rights under the royalty agreement while WMC seeks to recapitalize and relist on the ASX. Royalty payments resumed on January 1, 2025. Throughout 2025, small-scale tailings reprocessing took place to help offset ongoing care and maintenance expenses. Wiluna’s total gold production in 2025 amounted to 20,932 oz and Franco-Nevada received $4.2 million of royalty revenue from Wiluna in 2025. WMC’s Voluntary Administration concluded on December 31, 2025 and control transitioned to WMC’s board of directors. M&I Resources could support production for 25 years and Inf. Resources for a further 34 years For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 3.6% is applicable K I Z I L T E P E Producing Location: Türkiye | Operator: Zenit Madencilik San. ve Tic. A.S. | Precious Metals: Au & Ag | Royalty: NSR: 2.5% Franco-Nevada has a 2.5% NSR on the Kiziltepe gold-silver mine located in Türkiye which started production in 2017. Kiziltepe is operated by Zenit Madencilik San. ve Tic. A. Ș ., a joint venture owned by Özaltın Holding A. Ş . (53%), Ariana Resources PLC (23.5%), and Proccea Construction Co. (23.5%). Zenit operates both the Kiziltepe and Tav ş an mines; however, Tav ş an is not subject to Franco-Nevada’s royalty. During 2024 to 2025, ore from both Kiziltepe and Tav ş an was processed through the Kiziltepe processing plant. The Kiziltepe mine produced 20,866 oz of gold in 2024. In 2025, combined production from the Kiziltepe and Tav ş an mines totaled 19,517 oz of gold and 70,673 oz of silver. Franco-Nevada estimates that approximately 60% of 2025 production was sourced from Kiziltepe. Starting in 2026, Tav ş an has operated as a standalone heap leach facility and no further production is expected at Kiziltepe. Further exploration is ongoing, with potential mine life extensions across multiple vein systems covered by Franco-Nevada’s royalty. 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 2.5% is applicable TSX / NYSE: FNV 102 ★ Franco-Nevada Corporation Rest of World