Iron Ore Mineral Resources – Inclusive of Mineral Reserves Measured (M) Indicated (I) Iron Ore Inferred Mineral Resources Notes Tonnes 000s Grade % Fe Tonnes 000s Grade % Fe Tonnes 000s Grade % Fe Vale (Northern & Southeastern System) 1,151 8,316,000 52.7 10,720,300 53.0 4,709,000 43.9 LIORC 1,152,153 523,000 39.3 1,229,000 39.0 662,000 39.0 Total Iron Ore Mineral Resources 8,839,000 11,949,300 5,371,000 Iron Ore Mineral Reserves Proven Probable Proven and Probable Notes Tonnes 000s Grade % Fe Tonnes 000s Grade % Fe Tonnes 000s Grade % Fe Vale (Northern & Southeastern System) 151 2,873,600 59.2 5,182,600 59.8 8,056,300 59.6 LIORC 152,153 352,000 39.0 571,000 39.0 923,000 39.0 Total Iron Ore Mineral Reserves 3,225,600 5,753,600 8,979,300 N O T E S A N D S O U R C E S 1 Mineral Resources reported by operator exclusive of Mineral Reserves. Franco-Nevada’s Qualified Person determined the inclusive Mineral Resources by adding the exclusive Measured and Indicated Mineral Resources to the Proven and Probable Reserves 2 Mineral Resources and Mineral Reserves are reported by the operator in non-metric units. Franco-Nevada’s Qualified Person calculated the metric conversion using 1 opt = 34.286 g/t, 1 short ton = 0.9072 metric tonnes, 1 oz = 31.1035 g 3 Lundin Mining Corporation; News Release, February 18, 2026 4 The stream agreement applies to 100% of the property, but only with respect to the ownership interest of Lundin Mining Corporation which indirectly owns 80% of the Candelaria Copper Mining Complex 5 Glencore plc; Resources & Reserves as at December 31, 2025 6 G Mining Ventures Corp.; News Release, March 12, 2026 7 Rio2 Limited; Corporate Presentation, December 8, 2025 8 Newmont Corporation; News Release, February 19, 2026 9 Newmont Corporation; News Release, February 19, 2026 10 Gold Fields Limited; Mineral Resources and Mineral Reserves Supplement to the Integrated Annual Report 2024, March 31, 2025 11 Vale S.A.; Form 20-F, March 28, 2025. Details of Vale’s Participating Debentures are available on Vale’s website 12 Pan American Silver Corp.; News Release, September 11, 2025 & Corporate Website 13 SolGold plc; Annual Information Form, September 24, 2025 (Alpala & Tandayama America Underground) & News Release, November 26, 2025 (Tandayama America Open Pit) 14 Hochschild Mining PLC; News Release, March 11, 2026 15 First Quantum Minerals Ltd.; Taca Taca Project NI 43-101 Technical Report, February 19, 2026 16 G Mining Ventures Corp.; Corporate Presentation, March 2026 17 Patagonia Gold Corp.; MD&A, November 27, 2025 18 Minera San Jorge SA; Disclosure to Franco-Nevada Corporation, Mineral Resource Estimate Update for the San Jorge Deposit, March 9, 2026 19 Barrick Gold Corporation; Management’s Discussion and Analysis (“MD&A”) Fourth Quarter and Full Year 2025, February 5, 2026 20 Hochschild Mining PLC; News Release, March 11, 2026 21 Coeur Mining, Inc.; Corporate Presentation, February 23, 2026 22 Barrick Gold Corporation; Management’s Discussion and Analysis (“MD&A”) Fourth Quarter and Full Year 2025, February 5, 2026. Carlin Trend includes Goldstrike, Gold Quarry and South Arturo as well as other properties where Franco-Nevada has no royalties or stream interests 23 Kinross Gold Corporation; News Release, February 18, 2026 24 SSR Mining Inc.; Mineral Reserve and Resource Tables as of December 31, 2025, February 17, 2026 25 Equinox Gold Corp.; Corporate Presentation, February 2026 26 Equinox Gold Corp.; Corporate Presentation, February 2026 • All Mineral Resources and Mineral Reserves have been calculated in accordance with CIM or Acceptable Foreign Codes for the purposes of NI 43-101, including Regulation S-K 1300, JORC, or SAMREC guidelines • Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability • Unless otherwise noted, Mineral Resources were reported by the operator inclusive of Mineral Reserves • Contained metal does not take into account recovery losses • Franco-Nevada’s royalties or stream interests may not cover the operator’s entire property or all estimated Mineral Resources and Mineral Reserves or a combination of both • The grade of platinum group elements has been reported by the operators as either the sum of the individual platinum group elements grades or the individual grades. In the cases where individual platinum group element grades have been reported, Franco-Nevada’s Qualified Person has calculated the sum of the platinum group element grades for presentation purposes • Mineral Resources and Mineral Reserves based on publicly disclosed information available as of March 12, 2026 but includes assets subsequently acquired by Franco-Nevada • The MRMR statement might have excluded depletion prior to this year’s reporting • Rows and columns may not total precisely due to rounding • Inferred Resources are in addition to Measured and Indicated Resources, as described in the “Technical and Third-Party Information” section on page 144 of this Asset Handbook 27 Hecla Mining Company; News Release, February 13, 2026 28 Hecla Mining Company; News Release, February 13, 2026 29 Perpetua Resources Corp., Form 10-K, April 2, 2025 30 Borealis Mining Company Ltd. & Gold Bull Resources Corp.; News Release, December 10, 2024 31 KGHM Polska Miedź S.A.; Mineral Resources and Reserves Report, December 31, 2014 32 Integra Resources Corp.; Corporate Presentation, February 2026 33 Paramount Gold Nevada Corp.; Form 10-K; September 25, 2025 34 AngloGold Ashanti plc; Q4 2025 & Full Year Earnings Release, February 20, 2026 35 i-80 Gold Corp.; Corporate Presentation, March 2026 36 i-80 Gold Corp.; Corporate Presentation, March 2026 37 i-80 Gold Corp.; Corporate Presentation, March 2026 38 i-80 Gold Corp.; Corporate Presentation, March 2026 39 i-80 Gold Corp.; Corporate Presentation, March 2026 40 Agnico Eagle Mines Limited; News Release, February 12, 2026 41 Hemlo Mining Corp.; Corporate Presentation, February 2026 42 IAMGOLD Corporation; New Release, February 17, 2026 43 Discovery Silver Corp.; Investor Day Presentation, March 2, 2026 44 Discovery Silver Corp.; Investor Day Presentation, March 2, 2026 45 Discovery Silver Corp.; Investor Day Presentation, March 2, 2026 46 Discovery Silver Corp.; Investor Day Presentation, March 2, 2026 47 Equinox Gold Corp.; Corporate Presentation, February 2026 48 Agnico Eagle Mines Limited; News Release, February 12, 2026 49 Orla Mining Ltd.; Corporate Presentation, March 2026 50 Magna Mining Inc.; Corporate Presentation, March 2026 51 Newmont Corporation; News Release, February 19, 2026 52 Alamos Gold Inc.; News Release, February 17, 2026 53 Hecla Mining Company; News Release, February 13, 2026 54 Hecla Mining Company; News Release, February 13, 2026 55 Victoria Gold Corp.; Eagle Gold Mine NI 43-101 Technical Report, April 10, 2023 56 Pan American Silver Corp.; News Release, September 11, 2025 57 Pan American Silver Corp.; News Release, September 11, 2025 58 Agnico Eagle Mines Limited; News Release, February 12, 2026 59 Alamos Gold Inc.; News Release, February 17, 2026 60 Agnico Eagle Mines Limited; News Release, February 12, 2026 61 Kirkland Lake Gold Ltd.; News Release, February 25, 2021 62 Agnico Eagle Mines Limited; News Release, February 12, 2026 63 Equinox Gold Corp.; Corporate Presentation, February 2026 M I N E R A L R E S O U R C E S A N D M I N E R A L R E S E R V E S TSX / NYSE: FNV 132 ★ Franco-Nevada Corporation Mineral Resources and Mineral Reserves