FRANCO-NEVADA CORPORATION 63 THE GOLD INVESTMENT THAT WORKS N Hollister Project Hollister/Ivanhoe 5% NSR Hollister Deposit Hatter Graben Discovery USX Pits Hillcrest Finley River Block 3% NSR 1 Mile Hollister Pacific Ocean Oregon Idaho Utah Nevada California Arizona MEXICO 2021 2020 2019 Revenue to Franco-Nevada ($ million) $ – $ – $ 0.5 P&P Reserves (koz Au) 1 – – – M&I Resource (koz Au) 1 51 51 164 Inferred Resource (koz Au) 1 273 273 185 P&P Royalty Ounces (000s) 2 – – – M&I Royalty Ounces (000s) 1, 2 2 2 5 Inf Royalty Ounces (000s) 2 8 8 6 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 Mineral Reserves & Mineral Resources are subject to our royalty interest and estimates an average rate of 3.0% is applicable Hollister Au Nevada, United States Operator: Hecla Mining Company Royalty: NSR: 3-5% Precious Metals Hollister is a historic underground mine with past production of approximately 425,000 ounces. The mine is located at the northern end of the Carlin Trend in the Ivanhoe Mining District, Elko County, Nevada, approximately 121 km east-northeast of Winnemucca, Nevada. Franco-Nevada holds a 3-5% NSR royalty on approximately 28 km 2 of the Hollister project, as well as a sliding scale NSR, which is subject to gold price and production thresholds and is capped at $3.5 million. In 2018 Hecla acquired Klondex, the previous operator, which included the Hollister mine, as well as the Fire Creek/Midas assets highlighted on page 62. In June 2019, Hecla announced that the Hollister mine would be placed on care and maintenance and it remained suspended through 2021. Exploration at Hollister has been focused on the definition of new exploration targets and Hecla remains committed to the exploration and definition of the Hatter Graben area. The Hatter Graben is expected to provide the future growth at Hollister and is one of the key reasons Hecla acquired Klondex. Underground exploration drilling at Hollister commenced in Q4 2021 and drilling from a new decline confirmed multiple new vein zones at the Hatter Graben. Hecla plans to advance the Hatter Graben decline in 2022 and completed 2,400 feet of development, including the necessary ventilation and dewatering infrastructure. Additional footage is planned for the decline through the first half of 2022. United States PRECIOUS METALS DIVERSIFIED ASSETS RESERVES AND RESOURCES ADDITIONAL INFORMATION Exploration work on the Hatter Graben area continues Exploration decline currently being advanced Hollister, Nevada