FRANCO-NEVADA CORPORATION 107 THE GOLD INVESTMENT THAT WORKS Diversified Assets – Other Mining DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ – $ – $ – P&P Reserves (Mlbs Cu) 1 12,078 12,078 11,862 M&I Resource (Mlbs Cu) 1 16,068 16,068 15,852 Inferred Resource (Mlbs Cu) 1 5,752 5,752 5,752 P&P Royalty Ounces (000s) 2 250 258 270 M&I Royalty Ounces (000s) 1, 2 349 359 379 Inf Royalty Ounces (000s) 2 143 147 157 1 Please refer to the tables on pages 128-136 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 100% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 1.275% (which factors a NSR smelting charge of 15%) and excludes the first four years of production from estimates. Copper has been converted to Royalty Ounces assuming $3.50 per pound ($3.50 per pound in 2020, $3.00 per pound in 2019) NuevaUnión (Relincho) Cu, Au, Mo Chile, South America Operator: Teck Resources Limited / Newmont Corporation Royalty: NSR: 1.5% Diversified Franco-Nevada has a 1.5% NSR royalty covering the Relincho property that is part of the NuevaUnión project being advanced by 50/50 joint venture partners, Teck Resources Limited (“Teck”) and Newmont Corporation (“Newmont”). The NuevaUnión project was formed in 2015 combining Teck’s Relincho project with Newmont’s La Fortuna (formerly El Morro) deposit, located approximately 40 km apart in the Atacama region of Chile. Franco-Nevada’s 1.5% NSR is subject to a maximum price of $6.00/lb copper and threshold price of $1.50/lb copper, inflation adjusted. No royalty is paid if the average price for the quarter is less than the threshold price and royalty payments commence four years after commercial production. Franco-Nevada acquired the royalty through its acquisition of Lumina Royalty Corp. in December 2011. NuevaUnión is one of the largest undeveloped copper-gold- molybdenum projects in the Americas. A prefeasibility study was completed in the first quarter of 2018 which incorporated key design changes to improve project economics and respond to local community and ESG input versus the prior preliminary economic assessment. The prefeasibility study assumed an increased mine life from 32 to 36 years which did not include 205 million tonnes of Inferred Mineral Resources contained within the current pit designs. The three-phase development approach assumed life of mine average production of 251,000 tonnes of copper equivalent production based on $10 per pound molybdenum and $1,300 per ounce gold. By combining the two projects, initial capital costs were reduced by achieving significant infrastructure synergy through the use of a single desalination plant, port, transmission line, concentrator and a common tailings facility. The Relincho and La Fortuna deposits will be bulk open-pit mining operations that will be developed in three production phases. Phase 1 (Years 1 - 3) sees mining and processing facilities at the Relincho site assuming processing of 104,000 tonnes per day (“tpd”). In Phase 2 (Years 4 - 18), mining activities transfer to the La Fortuna site utilizing an ore conveyance system to transport ore to the processing facilities at Relincho (116,000 tpd in Phase 2). Phase 3 (Years 19 - 36) sees mining activities transfer back to Relincho with an expansion to the processing facilities increasing processing to 208,000 tpd. Teck has disclosed that a feasibility study was completed in 2020 and is in the process of being optimized. While details have not been disclosed, the study considers a project with the potential to produce 254 ktpa CuEq with C1 cash costs of US$1.00-$1.10/lb Cu. N NuevaUnión (Relincho) Royalty Area 1.5% NSR Km 0 10 Mining and Royalty Area Pit Royalty Area Proposed Pit Proposed Mill N Arica Iquique Antofagasta La Serena Santiago Copiapo Relincho CHILE ARGENTINA BOLIVIA PERU Candelaria Marte-Lobo El Morro Pascua-Lama Cerro Casali Andacollo Regalito One of the largest undeveloped Cu-Au-Mo projects in the Americas Joint venture combines Relincho and La Fortuna to one project Project synergies estimated to significantly reduce capital expenditure NuevaUnión (Relincho), Chile