152 ROYAL GOLD 2023 Asset Handbook COPPER 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) (%) Andacollo Principal 128,800 0.32 909 117,700 0.30 778 246,500 0.31 1,687 Undisclosed Khoemac a u Principal 8,410 2.20 408 21,300 1.91 897 29,710 1.99 1,305 88% Mount Milligan Principal 215,640 0.17 828 34,386 0.18 134 250,026 0.17 962 Undisclosed Red Chris Producing – – – 288,429 0.51 3,221 288,429 0.51 3,221 84% Voisey’s Bay 85 Producing 15,539 0.80 274 15,549 0.84 288 31,088 0.82 562 80% to 85% Don Mario Development 2,057 1.89 86 – – – 2,057 1.89 86 Undisclosed Kutcho Creek Development 1,700 1.64 61 4,310 1.77 168 6,010 1.73 230 87.6% to 94.5% Las Cruces Development 16,000 1.23 434 25,600 1.08 608 41,600 1.14 1,042 85% NuevaUnión Development 116,040 0.58 1,484 88,620 0.42 821 204,660 0.51 2,304 88% COPPER 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) (%) Andacollo Principal 65,700 0.28 406 325,800 0.26 1,867 2,273 52,400 0.27 312 Undisclosed Khoemac a u Principal 5,250 1.89 218 17,410 1.92 738 956 61,590 2.03 2,752 88% Mount Milligan Principal 118,289 0.17 433 141,571 0.13 418 851 7,795 0.14 24 Undisclosed Johnson Camp 84 Producing – – – 55,818 0.38 472 472 – – – 48% Red Chris Producing – – – 478,143 0.37 3,900 3,900 88,714 0.36 704 81% Voisey’s Bay 85 Producing 1,124 0.99 25 881 1.05 20 45 7,523 0.80 133 80% to 85% Don Mario Development 135 1.75 5 4,422 0.50 49 54 1,671 0.38 14 Undisclosed Kutcho Creek Development 103 1.64 4 413 6.62 60 64 2,145 1.22 58 87.6% to 94.5% Las Cruces Development 4,900 2.07 223 900 2.84 56 280 9,400 1.08 224 Undisclosed Ming Development 241 2.40 13 74 1.98 3 16 62 1.75 2 Undisclosed NuevaUnión Development 2,880 0.42 27 71,010 0.51 798 825 205,586 0.30 1,364 89% Berg Evaluation 34,000 0.31 232 976,000 0.23 4,949 5,181 542,000 0.17 2,031 82% Bronson Slope Evaluation 16,830 0.15 56 20,548 0.10 44 100 – – – Undisclosed Caber Evaluation 800 1.10 19 700 1.20 19 38 20 1.00 0 Undisclosed High Lake Evaluation – – – 7,900 3.00 522 522 6,000 1.80 238 89% Jaguar Nickel Evaluation – – – 1,400 0.50 15 15 390 0.30 3 76% Los Chancas Evaluation – – – 150,000 0.50 1,648 1,648 1,433,000 0.45 14,165 82% to 84% Niblack Evaluation – – – 5,851 0.94 121 121 214 0.93 4 94% North Island Evaluation – – – 527,344 0.20 2,325 2,325 417,272 0.15 1,380 86% Pascua-Lama Evaluation 35,156 0.10 77 276,452 0.09 559 636 15,400 0.05 18 Undisclosed Quinns Austin Evaluation 463 1.22 12 703 0.97 15 28 318 0.85 6 Undisclosed Schaft Creek Evaluation 166,000 0.32 1,171 1,127,200 0.25 6,213 7,384 316,700 0.19 1,327 87% Temora Evaluation – – – 25,000 0.34 187 187 215,000 0.30 1,422 Undisclosed Wolverine Evaluation 553 1.36 17 911 1.51 30 47 539 0.98 12 Undisclosed