2022 ASSET HANDBOOK 92 FNV TSX NYSE PRECIOUS METALS Rest of World Franco-Nevada holds a 3.6% NSR royalty on all gold production from the Matilda/Wiluna Gold Project located in Western Australia, covering all of the 1,150 km 2 property. Wiluna was discovered in 1896 and has produced in excess of 4.0 million ounces of gold to date, with nearly continuous production from 1987 to 2013. Wiluna Mining Corporation Limited (“WMX”) acquired the Wiluna Gold Operation in 2014 and resumed mining operations in 2016. Wiluna has a 2.1 Mtpa CIL treatment plant and processes ore from several open-pit and underground deposits. Total production for 2021 was 40,879 ounces of gold. In December 2021, WMX commissioned a 750,000 tpa Sulphide Ore Concentrate Plant which was built at a cost of A$26 million. The first concentr ate shipment left site in February 2022. After full ramp-up in June 2022, production guidance is expected to be 90,000-100,000 ounces of gold in concentrate per year, plus another 20,000 ounces of gold doré per year. A feasibility study is expected in March 2022, to expand the Sulphide Ore Concentrate Plant and increase annual production in stages to 250,000 ounces of gold per annum. Franco-Nevada received $2.7 million of royalty revenue from Matilda/Wiluna in 2021. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 3.6% is applicable Matilda (Wiluna) Au Australia, Rest of World Operator: Wiluna Mining Corporation Limited Royalty: NSR: 3.6% Precious Metals Northern Star Resources Limited (“Northern Star”) operates the South Kalgoorlie Operation (“SKO”) which has been producing gold since 1989. Northern Star acquired SKO from Westgold Resources Limited in 2018. SKO is located 15 km south of Kalgoorlie in Western Australia. Franco-Nevada holds a 1.75% NSR royalty for gold and a 1% NSR royalty for other minerals which covers 470 km 2 of the SKO tenements including the northern and central sections of the HBJ deposit and all of the Mt Marion, Pernatty and Mt Martin deposits, along with the 1.2 Mtpa Jubilee Mill. Northern Star combines SKO with the Kalgoorlie, Kundana, Carosue Dam and Kanowna Belle gold mines, and reported total production of 984,540 ounces of gold at the combined Kalgoorlie Production Centre for the year ended December 31, 2021. Northern Star also processes a significant portion of toll-treated ore at the Jubilee mill. Franco-Nevada estimates that the royalty production accounts for approximately 6% of total combined Kalgoorlie Production Centre production. Franco-Nevada received $1.8 million of royalty revenue from SKO in 2021. For Royalty Ounce calculation, Franco-Nevada estimates 82% of Mineral Reserves and 75% of Mineral Resources are subject to our royalty interest and estimates a rate of 1.75% is applicable. South Kalgoorlie Au Australia, Rest of World Operator: Northern Star Resources Limited Royalty: NSR: 1-1.75% Precious Metals Other Rest of World Assets Rest of World Precious Metals Please refer to the tables on pages 128-136 for a breakout of grade and tonnages by Mineral Resource category.