139 Overview Principa l Producing Development  Highlighted Evaluation  Evaluation/Exploration  Mineral Resources and Reserves For more information, please visit: www.teck.com . Schaft Creek The Schaft Creek Project is located in northwestern British Columbia, approximately 61 kilometers south of Telegraph Creek and 37 kilometers northeast of the Galore Creek property. The Schaft Creek Project is owned by a joint venture between Teck Resources Ltd. (“Teck”) (75%) and Copper Fox Metals Inc. (“Copper Fox”) (25%), where Teck is the operator. Development Update In 2021, Copper Fox released the results of a Preliminary Economic Assessment (PEA) for the Schaft Creek Project. The PEA contemplates an open-pit operation with a life of mine nominal milling rate of 133,000 tonnes per day. At present, the joint venture continues to gather additional resource, geometallurgical, and geotechnical information from across the site to inform updated mine planning work, facilitate siting studies and inform additional capital and operating cost estimates, each in support of advancing the asset into prefeasibility studies. Royal Gold’s Royalty Interest Royal Gold holds a 3.5% net profits interest (NPI) royalty on all metals produced from Schaft Creek. Royal Gold acquired the Schaft Creek royalty, effective February 22, 2010, with the acquisition of International Royalty Corporation. MINER AL RESOURCES AND RESERVES As of December 31, 2023 CONTAINED Au (koz) Ag (koz) Cu (Mlb) AGEOs* (koz) Proven and Probable – – – – Measured and Indicated 6,503 51,494 7,384 85 Inferred 1,425 11,200 1,327 17 * 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: Copper Fox, 2021 Preliminary Economic Assessment OPER ATOR Teck Resources Ltd. MINER ALIZATION ST YLE Porphyry Cu-Au ROYALT Y 3.5% NPI Royalty YEAR OF ACQUISITION 2010 TERM OF ROYALT Y Life of Mine EXPECTED STARTUP DATE Detail not publicly disclosed by operator. EXPECTED MINE LIFE 21 years 1 CANADA PROJECT OUTLOOK As per its 2021 PEA, Schaft Creek is expected to produce an average of 238 million pounds of copper, 176,000 ounces of gold, 782,000 ounces of silver, and 10.8 million pounds of molybdenum per year in concentrate over its life of mine. 1 Sask Alberta British Columbia Yukon Territories SCHAFT CREEK ROYALT Y Acquisition Cost US$M $10.3 Net Book Value US$M $10.3