1 Source: Nutrien, 2023 Annual Information Form 2 Converted from K 2 0 using conversion factor of 1.6393 46 ROYAL GOLD 2023 Asset Handbook Saskatchewan Alberta Manitoba O British Columbia Yukon Territories ALLAN ROYALT Y Operational Overview The Allan mine is a conventional underground mining operation whereby continuous mining machines are used to excavate potash ore by the stress-relief mining method, with continuous conveyor belt transport of ore from the mining face to the bottom of the production shaft. Raw potash ore is processed and concentrated on surface – both flotation and crystallization methods are used at Allan to produce granular, standard, and suspension-grade potash products, and concentrated finished potash products (near-pure potassium chloride) are sold and shipped to markets in North America and offshore. The Allan mine has an annual nameplate capacity of 4.0 million tonnes of finished product. 2024 OPER ATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPER ATOR OUTLOOK Detail not publicly disclosed by operator. Allan Allan is an underground potash mine owned and operated by Nutrien Ltd (“Nutrien”). Allan is located in central Saskatchewan, approximately 45 kilometers east of Saskatoon near the town of Allan. OPER ATOR Nutrien Ltd. MINER ALIZATION ST YLE Evaporite MINE T YPE Underground METAL(S) KCI PRODUCT Potash ROYALT Y $0.36 to $1.44 per ton (potash) $0.25 per ton (potash) YEAR OF ACQUISITION 2008 TERM OF ROYALT Y Life of Mine MINE LIFE 2070 1 CANADA