154 ROYAL GOLD 2023 Asset Handbook NICKEL RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay Producing 15,539 1.72 589 15,549 1.88 644 31,088 1.80 1,234 68% to 86% Cosmos 86 Development – – – 2,100 2.24 104 2,100 2.24 104 39% NICKEL RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay Producing 1,124 1.19 29 881 1.45 28 58 7,523 1.80 299 68% to 86% Cosmos 86 Development 9,400 0.87 180 16,040 0.77 272 453 4,450 1.23 121 39% Bell Creek 87 Evaluation 11,400 0.84 211 12,700 0.64 179 390 1,700 0.55 21 Undisclosed COBALT RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay Producing 15,539 0.10 34 15,549 0.12 41 31,088 0.11 75 68% to 86% COBALT RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Voisey’s Bay Producing 1,124 0.06 1 881 0.08 1 1 7,523 0.12 20 68% to 86% Bell Creek Evaluation 11,400 0.05 13 12,700 0.03 8 21 1,700 0.03 1 Undisclosed MOLYBDENUM RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (Mlb) (kt) (%) (Mlb) (%) Berg Evaluation 34,000 0.03 22 976,000 0.03 22 22 542,000 0.02 239 70% Schaft Creek Evaluation 166,000 0.02 77 1,127,200 0.02 77 77 316,700 0.02 133 59%