116 ROYAL GOLD 2023 Asset Handbook For more information, please visit: www.i80gold.com . Granite Creek The Granite Creek (formerly Pinson) mine, formerly operated as an open-pit gold mining facility, is currently owned by Osgood Mining Company, LLC., a subsidiary of i-80 Gold Corp (“i-80”). Granite Creek is located in the Potosi Mining District in southeastern Humboldt County, Nevada, approximately 44 kilometers northeast of Winnemucca. Development Update Granite Creek hosts both high grade open-pit and underground mineral resources and remains open at depth and along strike from the existing underground workings. The underground mine at Granite Creek is permitted and is in development with the goal of ramping up mining in 2024. i-80 is executing an extensive exploration and delineation drilling program targeting both the open-pit and underground mineralization and is working towards completing a Feasibility Study. 1 Royal Gold’s Royalty Interest Royal Gold holds various royalties pursuant to two separate agreements, as more particularly described on the corresponding area of interest map. Royal Gold acquired the Granite Creek royalties effective February 22, 2010, with the acquisition of International Royalty Corporation. MINER AL RESOURCES AND RESERVES As of May 4, 2021 CONTAINED Au (koz) AGEOs* (koz) Proven and Probable – – Measured and Indicated 1,629 56 Inferred 381 20 * 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. OPER ATOR i-80 Gold Corp. MINER ALIZATION ST YLE Carlin-Type Sediment- Hosted Au ROYALT Y Various (see map below for details) (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE Detail not publicly disclosed by operator. UNITED STATES PROJECT OUTLOOK Detail not publicly disclosed by operator. Idaho Oregon California Utah Arizona GRANITE CREEK Nevada ROYALT Y Acquisition Cost US$M $4.1 Net Book Value US$M $2.7 Historical Revenue US$M $1.8 1 Source: i-80, Corporate Website
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