FRANCO-NEVADA CORPORATION 47 THE GOLD INVESTMENT THAT WORKS Other South America Assets South America Precious Metals Please refer to the tables on pages 128-136 for a breakout of grade and tonnages by Mineral Resource category. Franco-Nevada has a 2.5% NSR on the Calcatreu property in Argentina. Calcatreu is an epithermal gold-silver deposit located in the Province of Rio Negro. In December 2017, Patagonia Gold PLC (“Patagonia”) acquired the property from Pan American Silver Corp. (“Pan American Silver”). The Calcatreu deposit contains an Indicated Mineral Resource of 669,000 ounces of gold and 6.3 million ounces of silver (9.8 million tonnes grading 2.11 g/t gold and 19.83 g/t silver) and an Inferred Mineral Resource of 348,000 ounces of gold and 3.4 million ounces of silver (8.1 million tonnes grading 1.34 g/t gold and 13.09 g/t silver). Field work for a baseline environmental study continued in 2021, along with drilling, surface exploration and geophysics. Additional work, including new trenching and sampling, is planned to follow-up on positive geochemical results and a new ground magnetic survey was conducted in the southern part of the project. Exploration activities on the property have continued to move the project forward in 2021 and Patagonia's objective is for the completion of a prefeasibility study in 2022. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates an average rate of 2.5% is applicable Calcatreu Au & Ag Argentina, South America Operator: Patagonia Gold PLC Royalty: NSR: 2.5% Precious Metals San Jorge is a copper-gold porphyry project located in the Province of Mendoza, Argentina. Although the project is currently on care and maintenance, under the revised terms of the royalty agreement Franco-Nevada received annual payments of $1.25 million per year for a 10-year period which ended in 2021, with a subsequent 7.5% NSR on all gold produced from the property. Aterra Investments Ltd. and Solway Industries Ltd. acquired the property from Coro Mining Corp. in April 2015. Franco-Nevada acquired the royalty on the San Jorge property through its acquisition of Lumina Royalty Corp. in December 2011. For Royalty Ounce calculation, Franco-Nevada estimates 100% of Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates an average rate of 7.5% is applicable San Jorge Au Argentina, South America Operator: Aterra Investments Ltd. and Solway Industries Ltd. Royalty: NSR: 7.5% Precious Metals South America PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION