158 ROYAL GOLD 2023 Asset Handbook 60. Island Mountain resources were estimated to 43-101 standards with effective date of 8/11/2010. Only a small portion of the resource is attributed to Royal Gold royalty ground. Specific cut-off grades, metal prices, and recoveries are not disclosed. 61. Jaguar Nickel resources are reported to JORC standards and have an effective date of 12/31/2022. Our royalty covers only the Triumph deposit area. Metals prices used for resources are $1,793 Au, 26.10 Ag, $4.30 Cu, and $1.05 Zn. NSR cut-off is set at AUD$100. 62. Kubi Village resources are reported to CIM standards with an effective date of 3/11/2022. Resources are reported using a $1,750 Au price and a 2.0 g/t cut-off. 63. Lawyers resources are reported to CIM Standards and have an effective date of 6/13/2022. Metal prices of $1,750 Au and $20.00 Ag were used for the estimate, with cut-off grades of 0.4 g/t AuEq for open-pit and $1.5 g/t AuEq for underground resource. 64. Long Valley resources are reported to CIM standards with an effective date of 9/21/2020. Resources are reported at a $1,800 Au price, with cut-offs of 0.17 g/t for oxide and 0.21 g/t for mixed and sulfide material. 65. Meekatharra – Sabbath resources are reported to JORC standards with an effective date of 12/17/2012. Resources use a $1,700 Au price and a cut-off of 0.5 g/t. 66. Mt. Fisher resources are reported to JORC standards with an effective date of 7/11/2018. Resources use a $1,750 Au price and a 0.5 g/t Au cut-off. 67. Niblack resources are reported to CIM standards with an effective date of 2/14/2022. Resources use metal prices of $1,650 Au, $20.00 Ag, $3.50 Cu, and $1.10 Zn and a $100 NSR cut-off. 68. Nieves resource was reported to NI 43-101 standards with an effective date of 10/31/2012. Metal prices used were $1,375 for Au and $26.00 for Ag. Cut-off grade was 15 g/t Ag. 69. North Island resources are reported to CIM standards with an effective date of 2/4/202. Resources use metal prices of $1,650 Au, $3.25 Cu, and $10.00 Mo, and a cut-off grade of 0.1% Cu. 70. Pascua–Lama resources are reported to CIM standards with an effective date of 13/31/2023. Barrick provided detail of the portion of the resource area covered by Royal Gold royalty claims 12/31/2017. There has been no change in the annual disclosure of the resource since that time. 71. Pinnacles resources are disclosed to JORC standards with an effective date of 12/15/2020. Cut-off grades uses are 0.5 g/t for open-pit and 1.0 g/t for underground. Specific gold prices and recoveries are not disclosed. 72. Quinns Austin resources are disclosed to JORC standards with an effective date of 4/6/2010. Metal prices used are $1,135 Au, $18.00 Ag, $3.61 Cu, and $1.09 Zn, with a cut-off grade of 0.4% Cu. 73. Red October resources are disclosed to JORC standards with an effective date of 6/30/2021. Specific metal prices, recoveries and cut-off grades are not disclosed. 74. Schaft Creek resources are reported to CIM standards with an effective date of 12/31/2023. Metal prices used are $1,200 Au, $20.00 Ag, $3.00 Cu, and $10.00 Mo. NSR cut-off is $4.31. 75. Shasta resources are reported to CIM standards with an effective date of 12/31/2023. Metal prices used are $1,800 Au and $20.00 Ag. Cut-off grade is 0.4 g/t AuEq. 76. Tambor resources are reported to NI 43-101 standards with an effective date of 12/10/2003. RG royalty area covers Guapinal, South Cliff, and Poza del Coyote zones. A cut-off grade of 0.3 g/t Au was used. Specific metal prices and metallurgical recoveries were not disclosed. 77. Temora resources are disclosed to JORC standards with an effective date of 12/31/2016. Specific metal prices and cut-off grades are not disclosed. 78. Ulu resources are disclosed to CIM standards with an effective date of 2/18/2021. A gold price of C$1,500 and cut-off grade of 4 g/t Au were used. 79. Van Uden resources are disclosed to JORC standards with an effective date of 2/1/2013. Resources used a cut-off grade of 0.5 g/t Au. No metal prices or metallurgical recoveries were disclosed. 80. Wildcat resources are disclosed to CIM standards with an effective date of 6/28/2023. A gold price of $1,800 and a cut-off grade of 0.15 g/t were used. 81. Wolverine resources are disclosed to NI 43-101 standards with an effective date of 1/30/2015. Cut-off grades and metal prices used were not disclosed. SILVER 82. Khoemac a u resources and reserves are disclosed to JORC standards with an effective date of 12/31/2022. Royal Gold AOI covers the Zone 5 and Mango deposit areas. Royal Gold has a stream interest in silver production only, Copper resources and reserves are listed to provide a more complete understanding of the project. Resources and Reserves both use $21.35 Ag and $3.54 Cu prices, with a $65/t NSR cut-off. 83. San Juan Silver (Bulldog) resources are disclosed to SK 1300 standards with an effective date of 12/31/2023. Metal prices used are $1,700 Au, $21.00 Ag, $1.15 Pb and $1.35 Zn. NSR cut-offs are $100 to $175 per ton. COPPER 84. Johnson Camp resources are reported under CIM standards with an effective date of 2/21/2022. Copper prices of $4.00 and a cut-off grade of 0.2% Cu are used for resource reporting. 85. Voisey’s Bay resources and reserves are reported to SK-1300 standards with an effective date of 12/31/2023. Commodity prices used are $3.86 Cu, $9.14 Ni, and $17.20 Co. NSR cut-off is $28.35 for open-pit and $210-$250 for underground. NICKEL 86. Cosmos resources and reserves are reported to JORC standards with an effective date of 6/30/2023. Royal Gold royalty interest covers AM5, AM6, and Mt. Goode. Odysseus is outside the royalty interest. A $7.50 Ni price and cut-off grades of 0.4% Ni for open-pit and 1.0% Ni for underground are used for both resources and reserves. 87. Bell Creek resources are reported to JORC standards with an effective date of 2/10/2019. Specific commodity prices and cut-off grades are not disclosed.