114 ROYAL GOLD 2023 Asset Handbook For more information, please visit: www.fireflymetals.com.au . Ming The Ming Mine is an underground operation, a part of the larger Green Bay Copper- Gold Project, owned and operated by FireFly Metals Ltd. Green Bay is located in Newfoundland and Labrador, Canada, approximately 20 kilometers east of Baie Verte. Royal Gold’s royalty interest only applies to the 188L mining lease. Development Update FireFly Metals has a strategy to expand the current resource at the Ming Underground mine through investment in drilling. The existing underground infrastructure will fast-track work with drill positions immediately accessible. Key targets for immediate resource growth include VMS Extensions, Lower Footwall Lower Extensions and the Upper extension of the Lower Footwall Zone. 1 Royal Gold’s Royalty Interest Royal Gold holds a 1.0% net smelter return (NSR) royalty on all metals produced. Royal Gold acquired this royalty interest effective October 1, 2008, as part of the acquisition of a royalty portfolio from Barrick Gold Corporation. MINER AL RESOURCES AND RESERVES As of March 31, 2022 CONTAINED Au (koz) Ag (koz) Cu (Mlb) AGEOs* (koz) Proven and Probable – – – – Measured and Indicated 25 191 16 1 Inferred 4 32 2 – * 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. 1 Source: FireFly Metals, Corporate Website OPER ATOR FireFly Metals Ltd MINER ALIZATION ST YLE VMS ROYALT Y 1.0% NSR Royalty (all metals) YEAR OF ACQUISITION 2008 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. CANADA PROJECT OUTLOOK A resource update is expected in Q3 2024. 1 Saskatchewan Alberta Manitoba Ontario Quebec British Columbia Newfoundland and Labrador MING ROYALT Y Acquisition Cost US$M $0.5 Net Book Value US$M $0.0 Historical Revenue US$M $ 1.5