United States Castle Mountain Mesquite Nevada Stibnite Gold Stillwater Sterling Robinson Bald Mountain Marigold Goldstrike Gold Quarry South Arturo Nevada South Railroad EaglePicher Copper World Project Copper Creek Producing Advanced Exploration Producing Advanced Exploration Mining Assets Precious Metals Diversified Granite Creek Arthur Gold Archimedes Mineral Point Cove Midas Sleeper Lone Tree R E D S T O N E ( C O A T E S L A K E ) Exploration Location: Northwest Territories, Canada | Operator: Redbed Resources Corp. | Precious Metals: Cu & Ag | Royalty: NSR: 3–4% Franco-Nevada holds a 3–4% sliding scale NSR (4% when copper price is greater than $1.00/lb) on the Coates Lake deposit located in the Redstone Copper belt in Northwest Territories, Canada. The Coates Lake deposit is a high-grade stratiform copper deposit containing a historic resource of 1.3 Mt of copper and 12.1 Moz of silver (33.4 Mt at 3.92% copper and 11.3 g/t silver). Mineralization has been demonstrated over a 6 km strike length with IP chargeability anomalies extending for a further 4 km towards the north. The deposit is open to the north, west and south and drill ready targets have been identified which may lead to significant expansion of known areas of mineralization in the future. Franco-Nevada has not included Redstone (Coates Lake) in Royalty Ounce estimates due to the historical nature of the resource A U R M A C Exploration Location: Yukon, Canada | Operator: Banyan Gold Corp. | Precious Metals: Au | Royalty: 1% NSR (Net of 5% Buyback) AurMac is in the Tombstone Gold Belt proximal to other precious metals mines and projects. Franco-Nevada has a 1% NSR (net of 5% buyback in favour of Banyan for C$10M) encompassing a 92 km 2 area, covering AurMac’s entire resource. Banyan Gold is advancing its 100% owned AurMac project located in the Mayo Mining district. AurMac hosts a significant resource base, with Indicated Mineral Resources of 2.3 Moz of gold (113 Mt at 0.63 g/t gold) and Inf. Mineral Resources of 5.5 Moz of gold (281 Mt at 0.60 g/t gold). The resource remains open in all directions and at depth, with potential for further expansion. Results from the 2025 drill program, which focused on optimizing economic parameters for an upcoming PEA (expected in H2-2026) by targeting conversion of block model waste into ore, have been positive and supports Banyan’s goal to delineate a high-grade starter pit of ~5 Moz at above 1 g/t gold targeting potential production of >300 kozpa of gold for over 20 years. A 40,000 meter drill program is currently underway, focused on expanding the mineralized envelope of the Airstrip and Powerline deposits, following up on high grade gold and high grade silver zones. Banyan Gold is targeting a resource update in Q2 2026 along with a maiden PEA in H2 2026. Franco-Nevada acquired the royalty on AurMac as part of a broader royalty portfolio (encompassing 5 other royalties) from Victoria Gold as part of its receivership process. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 1.0% is applicable (6.0% subject to a 5.0% buydown at the operator’s election) S C O T T I E Exploration Location: British Columbia, Canada | Operator: Scottie Resources Corp. | Precious Metals: Au | NSR: 2% Scottie Resources Corp. (“Scottie Resources”) is advancing the Scottie Gold Mine Project located in the Stewart Mining Camp within British Columbia’s Golden Triangle. Scottie Resources released a PEA in Q4 2025 and officially selected lead engineers for a Feasibility Study in March 2026. The 2025 Maiden Mineral Resource outlines an Inf. Resource of 0.7 Moz (3.6 Mt at 6.1 g/t gold) across open pit and underground targets. The PEA outlines a 7-year mine life based on a nominal average production rate of 1 ktpd. The project envisions a high-margin Direct-Ship Ore strategy that utilizes XRF ore-sorting to deliver a gold-bearing concentrate to Asian smelters. The operation is expected to average approximately 65,400 oz of gold annually. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates an average rate of 2.0% is applicable Franco-Nevada Corporation ★ 75 TSX / NYSE: FNV TSX / NYSE: FNV 74 ★ Franco-Nevada Corporation Canada