2022 ASSET HANDBOOK 64 FNV TSX NYSE Stibnite Gold Royalty 1.7% NSR N Mile 0 1 Mineral Resources Prospects Patented Claims under option MGll Mineral Rights Salt Yellow Pine Deposit West End Deposit Hangar Flats Deposit Historic Tailings Blow-out Mule Rabbit Scout Garnet Ridgetop Cinnamid Saddle Fern Upper Midnight Idaho Utah Nevada Boise Cascade McCall Coeur d'Alene Stibnite Gold Project United States PRECIOUS METALS 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ – $ – $ – P&P Reserves (koz Au) 1 4,819 4,819 – M&I Resource (koz Au) 1 6,034 6,034 – Inferred Resource (koz Au) 1 1,246 1,246 – P&P Royalty Ounces (000s) 2 82 82 – M&I Royalty Ounces (000s) 1, 2 103 103 – Inf Royalty Ounces (000s) 2 21 21 – 1 Please r efer 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 Ro yalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Reserves and Mineral Resources are subject to our royalty interest and estimates a rate of 1.70% is applicable Stibnite Gold Au Idaho, United States Operator: Perpetua Resources Corp. Royalty: NSR: 1.7% Precious Metals The Stibnite project is located in a historic mining town of the same name in Idaho, about 153 km northeast of Boise and is potentially one of the highest grade open-pit deposits in the U.S. The project is being advanced by Perpetua Resources Corp. (“Perpetua Resources”), formerly known as Midas Gold Corp., who have consolidated 107 km 2 of unpatented and patented claims. Franco-Nevada holds a 1.7% NSR on future gold production. In December 2020, Perpetua Resour ces announced the results of a feasibility study on the Stibnite project. The project is expected to have a 15-year mine life with average annual gold production of 301,000 ounces per year. The first four years demonstrate an average annual gold production of 466,000 ounces per year. The project consists of mining the Yellow Pine, Hangar Flats and West End deposits by conventional open pit. Based on the 2020 feasibility study, the Stibnite project would be the fourth largest US gold operation by grade and produce approximately 4-5 million ounces of gold based on total reserves and resources of approximately 4.8 million and 6 million ounces of gold, respectively. The United States For est Service (“USFS”) released a Draft Environmental Impact Statement (“Draft EIS”) for public review in August 2020. Perpetua and the USFS are advancing a modified proposed action that includes stakeholder feedback on the Draft EIS, developed to decrease the project footprint and improve environmental conditions. The changes incorporate the elimination of waste rock storage areas, overall reductions in mined material, two access routes, additional pit backfilling and restoration, and improvements to water quality and water temperature. The project schedule has been revised and assuming a final Record of Decision is released in the first half of 2023, commercial operations are expected in 2027. One of the largest and highest grade undeveloped open-pit deposits in the U.S. The Stibnite project would be the only domestic source of antimony mined in the U.S. Perpetua Resour ces plans for restoration of the site to include progressive and concurrent remediation, beginning at the start of construction and continuing through operations and project closure. Extensive reclamation and restoration of historical mining impacts are planned, with permanent fish access having been restored for the first time in 80 years. Stibnite Gold, Idaho