R O G O Z N A Exploration Location: Serbia | Operator: Strickland Metals Limited | Metals: Au, Ag, Cu, Pb & Zn | Royalty: NSR: 2% (Au) / 1.5% (all other metals) Franco-Nevada holds a 2% NSR from gold and 1.5% NSR from all other metals on Strickland Metals’ Rogozna project located near Novi Pazar approximately 400 km south of Belgrade in southern Serbia. The Rogozna Gold and Base Metals Project, located in the Raška District of southern Serbia, lies within the Tethyan Metallogenic Belt, which hosts multiple, giant, porphyry-related deposits. Rogozna hosts a large-scale magmatic hydrothermal system, featuring skarn-based copper gold (+/- Zinc, Silver, and Lead) mineralisation. The key prospects within the project are Shanac, Gradina, Medenovac and Copper Canyon. Strickland completed a maiden Indicated Resource estimate at Shanac of 1.25 Moz AuEq (30 Mt at 1.3 g/t gold equivalent) in April 2026. In addition, Rogozna hosts an Inf. Mineral Resource 7.35 Moz AuEq (191 Mt at 1.2 g/t gold equivalent). A large drill program is planned for 2026, targeting 70,000 meters of drilling with multiple mineral resource updates planned. Strickland Metals is concurrently progressing technical studies in parallel targeting delivery of a pre-feasibility study in 2027. 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 1.86% (1.83% in 2024) reflecting 2.0% for gold Royalty Ounces, 1.5% for silver Royalty Ounces and 1.275% for copper Royalty Ounces (which factors a NSR smelting charge of 15%). Copper has been converted to Royalty Ounces assuming $5.50/lb ($4.25/lb in 2024) and silver has been converted to Royalty Ounces assuming $4,500/oz gold and $75.00/oz silver ($2,800/oz gold and $31.00/oz silver in 2024) Mining License Gold Prospects Gold Deposits Rogozna 2% (Au) / 1.5% (all other metals) NSR 0 5 Copper Canyon Gradina Shanac Red Creek N kilometer Administrative Boundary Medenovac Veliki Cesme Major Thrust/Suture Serbia Romania Hungary Croatia Bosnia Rogozna Kotlovi Large-scale deposit currently hosting 1.25 Moz AuEq M&I Mineral Resources and 7.35 Moz AuEq Inf. Mineral Resources Rapidly advancing project, with resource updates and an economic study expected in the near-term Franco-Nevada Corporation ★ 107 TSX / NYSE: FNV Rest of World