Asset Operator Interest and % 1 Australia Continued Agnew (Miranda Nickel No2), W. Australia Gorilla Gold Mines Ltd 0.5% of production (Ni) Agnew (Vivien Gold Mine), W. Australia Ramelius Resources Limited 3% GR (Au) Camelback, W. Australia GME Resources Limited A$0.50/tonne (Ni) Bullfinch, W. Australia Torque Metals Limited 1% NSR (Au) Butcher Well, W. Australia AngloGold Ashanti Limited/Northern Star Resources Limited 1% NSR; 50K oz production threshold (Au) Butcher Well Area, W. Australia AngloGold Ashanti Limited/Northern Star Resources Limited 0.68–1% NSR (Au) Cue Gold (Day Dawn), W. Australia Westgold Resources Limited 1% GR (Au) Duketon (Southwest), W. Australia Regis Resources Limited 2% NSR (All Minerals) Duketon (West), W. Australia Regis Resources Limited/Duketon Mining Limited (Ni only) 2% NSR (All Minerals) Edna May, W. Australia Ramelius Resources Limited 1.5% GR (All Minerals) Flushing Meadow, W. Australia Yandal Resources Limited 1% NSR (Au, Other Minerals) Flying Fox, W. Australia IGO Limited 2% GR (Ni) FMG Hamersley, W. Australia Fortescue Metals Group Ltd A$0.05/tonne; capped at A$1M (Fe) Glenburgh, W. Australia Gascoyne Resources Ltd 1.5% NPI (All Minerals) Granny Smith (Windich South), W. Australia Gold Fields Limited 1% NSR (All Minerals) Gum Creek (Gidgee/Wyooda Thangoo), W. Australia Horizon Gold Limited 1.25% GR (Au) Gum Creek (Sandstone II/Howards), W. Australia Horizon Gold Limited A$0.35/dry tonne (All Minerals) Jaguar Project (Western Claim), W. Australia Aeris Resources Limited 1–2% NSR (Cu, Zn, Other Metals) Lake Maitland, W. Australia Toro Energy Limited (Uranium)/Mega Uranium Ltd (Au, Other Minerals) 1% NSR (All Minerals) Marvel Loch (May Queen), W. Australia Shandong Tianye Real Estate Development Group Co., Ltd. A$0.50–1.00/cubic metre (Au) Mt Newman-Victory, W. Australia St Barbara Limited/ Venari Minerals NL 0.07% GR (All Minerals) Mungari (Carbine North/Chadwin’s Dam), W. Australia Evolution Mining Limited 3% NPI (All Minerals) Mungari (Lady Jane), W. Australia Evolution Mining Limited 4.5% GR (Au) Munni Munni, W. Australia Alien Metals Ltd One-time payment on production (Au and/or Pt) Murrin Murrin Gold, W. Australia ICM Limited 2.625% NSR (Au, Sulfides) Paddington (Breakaway Dam/12 Mile), W. Australia Zijin Mining Group Co., Limited A$1/ton (All Minerals) Paddington (Matt Dam), W. Australia Zijin Mining Group Co., Limited A$0.60/tonne (Au) Polar Bear, W. Australia Westgold Resources Limited 2% NSR (All Minerals) Randwick Gold Hill, W. Australia E Bouverie, Trindal P/L, Lucas Gold P/L et al. 1–1.5% GR (Au) Red October, W. Australia Matsa Resources Limited 1.75% NSR (Au) South Kalgoorlie (Location 48), W. Australia BHP Group Limited 1–1.75% NSR (Au, Ag, Other Minerals) South Kalgoorlie (St Ives), W. Australia Gold Fields Limited 1–1.75% NSR (Au, Ag, Other Minerals) Super Pit (Western Lease), W. Australia Northern Star Resources Limited 2.5% GR (Au) Talga Talga, W. Australia Novo Resources Corp. 1.5% NSR (Au) Western Tamani (Coyote), W. Australia Black Cat Syndicate Limited A$5-15/oz on production between 300K-1M oz (Au) Yundamindera, W. Australia Nex Metals Explorations Ltd/Arika Resources Ltd 1% NSR (Au) Rest of World Urasar, Armenia Hayasa Metals Inc. (Hayasa Resources Corp LLC) 0.625% NSR (All Minerals) Maibulak deposit, Kazakhstan KAZ Minerals plc $10.41/oz plus escalator (Au) CEXCI, Philippines Nickel Asia Corporation Production Payment; capped at $10M Rogozna (KMC), Serbia Strickland Metals Limited 1.5–2% NSR (Au, Base and Other Metals) Cerro San Pedro, Mexico New Gold Inc. 1.95% NSR (Au, Ag) Cooke 4, South Africa Sibanye Stillwater Limited Stream (Au) Kasese, Uganda Scully Royalty Ltd. 10% of free cash flow; capped at $10M (Co) Aği Daği-Camyurt, Türkiye Tumad Madencilik Sanayi ve Ticaret A.S. 2% NSR (Au) Hasandagi, Türkiye Öznar Maden Yatırımları A. Ş . 2% NSR (Au) Karadag, Türkiye ACG Metals Limited 2.5% NSR (Au) Torul, Türkiye ACG Metals Limited 1.5% NSR (Au) 1 Royalty terms have been simplified for presentation purposes. Different terms may apply to certain portions of properties or by commodity. Some royalties may have sliding scales tied to commodity price. Others may include participation in sale proceeds of property or gross sales Asset Operator Interest and % 1 United States Continued Elkhorn, Montana Montana Goldfields, Inc. 1.1875% NSR (Au) Lewis and Clark County, Montana Hartmut W. Baitis et al. 1% NSR (All Minerals) Carlin (Currant Creek), Nevada Carlin Gold Corporation 3% NSR (All Minerals) Carlin (South Railroad), Nevada Orla Mining Ltd. 1% NSR (All Minerals) Carlin (Willow Creek), Nevada Carlin Gold Corporation 1% NSR (All Minerals) Dune, Nevada Integra Resources Corp. (Millennial NV LLC) 2% NSR (All Minerals) (buyback option on 1%) EaglePicher Diatomite II, Nevada EP Minerals, LLC $0.25/short ton plus other (Diatomite) Eden, Nevada Integra Resources Corp. (Millennial NV LLC) 2% NSR (All Minerals) (buyback option on 1%) Fire Creek, Nevada Hecla Mining Company 2.5% NSR (Au, Ag) Gabbs, Nevada P2 Gold Inc. 2% NSR (All Minerals) (buyback option on 1%) Getchell, Nevada Barrick Mining Corporation/i-80 Gold Corp. 2% NSR (Au) Goldstrike (Rodeo Creek), Nevada Nevada Gold Mines LLC 4% NSR; capped at $500K (Au, Ag) Hollister, Nevada Hecla Mining Company 3–5% NSR (Au, Ag) Isabella Pearl, Nevada Fortitude Gold Corp. 3% NSR (Au) Limousine Butte, Nevada NevGold Corp. 1.5–2.5% NSR (Au) Lone Tree, Nevada i-80 Gold Corp. (Osgood Mining Company, LLC) 1.5–3% NSR (Au) Marigold (SAR), Nevada SSR Mining Inc. 5% NSR (Au) Marigold (Trout Creek), Nevada Nevada Gold Mines LLC 3% NSR (Au) Marr, Nevada Integra Resources Corp. (Millennial NV LLC) 2% NSR (All Minerals) (buyback option on 1%) Midas, Nevada Hecla Mining Company 2.5% NSR (Au, Ag) Mountain View 1, Nevada Integra Resources Corp. (Millennial NV LLC) 1% NSR (All Minerals) Mountain View 2, Nevada Integra Resources Corp. (Millennial NV LLC) 0.5% NSR (Au) Nevada Mineral-Eureka County, Nevada Nevada Gold Mines LLC 2% NSR (All Minerals) Ocelot, Nevada Integra Resources Corp. (Millennial NV LLC) 2% NSR (All Minerals) (buyback option on 1%) Preble, Nevada Barrick Mining Corporation/Nevada Gold Mines LLC 10% NP (Au) Preble (Pinson Fee), Nevada Barrick Mining Corporation 1.5–7.5% NSR (Au, Ag) Rain-Emigrant-Saddle, Nevada Nevada Gold Mines LLC 1.5% NSR (All Minerals) Relief Canyon, Nevada Americas Gold and Silver Corporation 2% NSR (Au) Sandman, Nevada Borealis Mining Company Ltd. (Sandman Resources Inc.) 0.5674% NSR on initial 200K oz (Au) Sleeper, Nevada Paramount Gold Nevada Corp. 2% NSR (All Minerals) Tonkin Springs, Nevada McEwen Mining Inc. 1–2% NSR (Au) Wildcat, Nevada Integra Resources Corp. (Millennial NV LLC) 0.5% NSR (Au) Boling Dome, Texas Total E&P USA, Inc./H & L New Gulf, Inc. $0.0028225 per long ton (Sulfur) Hobson Pearson, Texas Uranium Energy Corp. 20% OR (Uranium) Kings Canyon, Utah Pine Cliff Energy Ltd. 4% NSR (Au) Silver Bell, Utah Unico, Inc. 5% NSR plus other (Au, Cu, Pb, Zn) Tintic, Utah Ivanhoe Electric Inc. 1% NSR (All Minerals) TUG (Tecoma), Utah Fronteer Development (USA) Inc. 5% NSR (All Minerals) Shirley Basin (Davy Crockett), Wyoming Ur-Energy Inc. (Pathfinder Mines Corporation) 4% GR (Uranium) Australia Mt Fitch, Northern Territory Northern Territories Resources Pty Ltd 1–3% NSR (Cu, Pb, Zn, Co, Ni, U) Brown’s Creek, New South Wales Australian Native Landscapes/Hargraves Resources NL 2.25% NSR (All Minerals) Brown’s Creek (Blayney), New South Wales Regis Resources Limited 2.25% NSR (All Minerals) Brocks Creek (Zapopan), Northern Territory Bacchus Resources Pty Ltd A$20/oz (Au) Reynolds Range, Northern Territory Prodigy Gold NL 1–2.5% NSR (Au) Rover, Northern Territory Castile Resources Limited 1.5–2.5% NSR (All Minerals) Spring Hill, Northern Territory PC Gold Pty Ltd A$5.70–13.30/oz (Au) Tennant Creek, Northern Territory Emmerson Resources Limited/Tennant Consolidated Mining Group Pty Ltd 1.29% NSR (Au) Tennant Creek (Chariot), Northern Territory Emmerson Resources Limited A$17.10 or A$30/oz (Au) Tennant Creek-Evolution, Northern Territory CuFe Limited/Evolution Mining Limited 1.29% NSR (Au) Tennant Creek (Orlando), Northern Territory CuFe Limited/Evolution Mining Limited A$30/oz; capped at 64K oz (Au) Bowen Basin (Various), Queensland (31 assets) Peabody Energy Corp/Pembroke Resources South Pty Ltd Production Payment (Coal) Crush Creek, Queensland Navarre Minerals Limited 2.75% GR (All Minerals) King Vol (Walsh River), Queensland Aurora Metals Limited Production Payment (Zn) Millmerran (Power Station), Queensland Genuity Pty Ltd 8.3125% NPI of cashflow; NPV threshold (Coal) Top Camp, Queensland Mayfair Corporations Group Pty Ltd 0.5% GR (Au)/NPI (Other Minerals) Twin Hills, Queensland GBM Resources Ltd 2.5% NSR (Au) Peculiar Knob, S. Australia Peak Iron Mines Pty Ltd Production Payment (Fe) Third Plain, S. Australia Perilya Limited/AIC Mines Limited 0.5% NSR (Zn) Moina, Tasmania Mazel Resources Pty Ltd A$125K lump sum at commencement of mining Rosebery Extension, Tasmania MMG Limited 2.6305% (Au, Ag, Other Minerals) Admiral Hill, W. Australia Genesis Minerals Limited Production Payment (Au) Agnew, W. Australia Gold Fields Limited 2.5% GR (All Minerals) Agnew (Cox), W. Australia Gold Fields Limited 5% GR (Au) Agnew (Miranda Gold), W. Australia Gold Fields Limited 3% GR (Au) Agnew (Miranda Nickel), W. Australia Gold Fields Limited 0.5% of production (Ni) TSX / NYSE: FNV Franco-Nevada Corporation ★ 111 110 ★ Franco-Nevada Corporation TSX / NYSE: FNV Mining Exploration Assets Mining Exploration Assets