* Additional royalty lands to south not shown due to scale. Baneygo Erlistoun King John Garden Well Dogbolter Gloster Moolart Well Petra Rosemont Reichelts Find Russells Find Tooheys Well 2% NSR 2% NSR Perth Port Hedland Kalgoorlie Norseman Kambalda N Duketon BRAZIL BOLIVIA PARAGUAY Current Royalty Tenements Original Royalty Tenements Deposits Excluded from Royalty N kilometer 30 0 Duketon 2% NSR D U K E T O N Producing Location: Australia | Operator: Regis Resources Ltd. | Precious Metals: Au | Royalty: NSR: 2% Franco-Nevada has a 2% NSR royalty encompassing 2,678 km 2 of the Duketon gold project in Western Australia. 2025 2024 2023 Revenue to Franco ‑ Nevada ($ million) $ 10.6 $ 10.5 12.0 M&I Resources (koz Au) 1 2,590 1,790 1,850 Inf. Resources (koz Au) 1 680 680 610 P&P Reserves (koz Au) 1 1,082 798 950 M&I Royalty Ounces (000s) 1,2 42 31 31 Inf. Royalty Ounces (000s) 2 11 12 11 P&P Royalty Ounces (000s) 2 18 14 17 1 Please refer to the tables on pages 126–134 for a breakout of grade and tonnages by Mineral Resource category; all M&I categories are inclusive of Mineral Reserves 2 For Royalty Ounce calculation, Franco-Nevada estimates 85% (89% in 2024, 88% in 2023) of Mineral Reserves and 81% of the Mineral Resources (84% in 2023, 84% in 2023) are subject to our royalty interest and estimates a rate of 2.0% is applicable The project, operated by Regis Resources Ltd. (“Regis”), comprises six active mines and several satellite deposits at various stages of development. The royalty extends to all identified Mineral Resources and Mineral Reserves, with the exception of the Gloster, Ben Hur, King of Creation and Anchor satellite deposits, as well as portions of the Erlistoun, Dogbolter and Petra satellite deposits. Franco-Nevada estimates that 85% of Duketon reserves and and 81% of Duketon resources are subject to Franco-Nevada’s royalty. Regis reported gold production of 233,315 ounces in 2025 and has issued guidance of 220–240 koz for the fiscal year ending June 30, 2026. In 2025, approximately 68% of total Duketon production was subject to Franco-Nevada’s royalty, with a comparable portion anticipated for 2026. The Duketon operations feature three mills–Moolart Well, Garden Well, and Rosemont–with a combined processing capacity of 10 Mtpa. Ore is sourced primarily from the Garden Well and Rosemont underground mines, as well as the King of Creation open pit. Multiple low-grade stockpiles supplement feed to all three mills. Production guidance 220–240 koz of gold for year ending June 30, 2026 Annual reserve updates continue to extend mine life M&I Resources could support production for 11 years and Inf. Resources for a further 3 years Franco-Nevada Corporation ★ 97 TSX / NYSE: FNV Rest of World