97 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.genesisminerals.com.au . King of the Hills DEVELOPMENTS AND POTENTIAL On March 21, 2024, Genesis provided their five-year strategic plan for Leonora, which includes Gwalia and Ulysses, as well as Hub and Admiral, which are not subject to our royalty. Leonora is expected to produce about 900,000 ounces over the next five years; of that, Gwalia is expected to contribute 70%, or about 120,000 to 140,000 ounces per year. Furthermore, the expected ramp-up of the Ulysses underground mine (expected to commence in the June quarter 2024) has the potential to increase production to approximately 195,000 ounces per year. 1 MINER AL RESOURCES AND RESERVES As of December 31, 2023 CONTAINED Au (koz) AGEOs* (koz) Proven and Probable 2,162 32 Measured and Indicated 3,828 57 Inferred 883 13 * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 9 for a description of AGEO calculation methodology. FINANCIAL AND OPER ATING RESULTS As of December 31, 2023 Revenue to Royal Gold Since Inception US$M $58.7 Historic Revenue to Royal Gold US$M 2022: $4.1 2023: $3.7 Acquisition Cost US$M $34.5 Investment Recovered % 170% Net Book Value US$M $8.8