120 ROYAL GOLD 2023 Asset Handbook For more information, please visit: www.condorgold.com . La India La India is a surface and underground project, owned by La India Gold S.A., a subsidiary of Condor Gold plc. (“Condor”). La India is located in the western flanks of the Central Highlands in northwestern Nicaragua, in the municipalities of Santa Rosa del Peñon and El Jicaral, approximately 70 kilometers to the north of the capital city of Managua. Development Update In September 2022, Condor announced the results of a Bankable Feasibility Study (BFS) on the La India project. The BFS assumes a single open-pit mining operation extracting ore at a nominal rate of 1.3 million tonnes per annum (Mtpa) and a mill processing at a nominal rate of 0.89 Mtpa. The project is fully permitted and construction-ready with an 18-month build period. 1 Royal Gold’s Royalty Interest Royal Gold holds a 3.0% net smelter return (NSR) royalty on all metals produced from La India. Royal Gold acquired its royalty interest on October 25, 2007, as part of the acquisition of Battle Mountain Gold Exploration Corporation. MINER AL RESOURCES AND RESERVES As of February 28, 2022 CONTAINED Au (koz) Ag (koz) AGEOs* (koz) Proven and Probable 602 1,250 19 Measured and Indicated 419 637 13 Inferred 837 921 25 * 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: Condor, 2022 Bankable Feasibility Study OPER ATOR Condor Gold plc MINER ALIZATION ST YLE Low-Sulfidation Epithermal Au ROYALT Y 3.0% NSR Royalty (all metals) YEAR OF ACQUISITION 2007 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE 8.4 years 1 NICARAGUA PROJECT OUTLOOK As per its BFS, La India is expected to average 81,500 ounces of gold per annum for the first six years of its mine life. 1 BOTSWANA Namibia South Africa Zambia Angola LA INDIA Chinandega León Managua ROYALT Y Acquisition Cost US$M $1.0 Net Book Value US$M $1.0