95 Overview Principal Producing Development  Highlighted Evaluation Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.bellevuegold.com.au . DEVELOPMENTS AND POTENTIAL The Bellevue mine is now in the commissioning phase, with plant throughput forecast to ramp up in 2024 to consistent production at the nameplate processing capacity of 1Mtpa. Internal modelling by Bellevue Gold shows potential growth to 1.2 Mtpa with no additional capital, which will further increase efficiencies. MINER AL RESOURCES AND RESERVES As of May 4, 2022 CONTAINED Au (koz) AGEOs* (koz) Proven and Probable 1,040 21 Measured and Indicated – – Inferred 1,471 29 * 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 $0.1 Historic Revenue to Royal Gold US$M 2022: – 2023: $0.1 Acquisition Cost US$M $0.1 Investment Recovered % 44% Net Book Value US$M $0.1