AUSTRALIA Meekatharra Meekatharra, covering the Paddy’s Flat, Yaloginda, Nannine and Reedy’s open-pit and underground mining centers, is owned and operated by Big Bell Gold Operations Pty Ltd., a subsidiary of Westgold Resources Limited (“Westgold”). Meekatharra is located in the Murchison District of Western Australia, approximately 15 kilometers south of the town of Meekatharra. ROYALTY OPERATOR Westgold Resources Limited MINERALIZATION STYLE Orogenic Au MINE TYPE Open-pit & Underground METAL(S) Gold PRODUCT Doré ROYALTY 1.5% NSR (all metals), A$10 per ounce (gold only), 1.5% to 2.5% NSR (gold only), 0.45% NSR (all metals), A$1.00/ tonne (all metals) YEAR OF ACQUISITION 2008 and 2010 TERM OF ROYALTY Life of Mine MINE LIFE N/A Operational Overview The Meekatharra Gold Operation (MGO) incorporates the 1.6 to 1.8 million tonne per annum Bluebird processing hub, a 420- person village, and associated mining infrastructure required to support a large fly-in, fly-out and drive-in, drive-out mining operation. The Bluebird plant receives underground ore from the Paddy’s Flat, South Emu-Triton and Bluebird underground mines and supplementary lower grade open-pit ore from Five Mile Well, Maid Marion, Albury Heath (not on royalty ground) and Aladdin open-pits. 2025 OPERATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPERATOR OUTLOOK Detail not publicly disclosed by operator. Royal Gold’s Royalty Interest Royal Gold acquired its interests at Meekatharra in two transactions. The first was as part of the acquisition of Barrick Gold Corporation’s royalty portfolio, effective October 1, 2008, which included a A$10 per ounce royalty on Paddy’s Flat, a 1.5% to 2.5% sliding scale NSR, a 1% NSR on Reedy’s, and a A$1.00/ tonne royalty on Meekatharra Sabbath once 10,000 ounces of gold have been produced. The second was as part of the acquisition of International Royalty Corporation, effective February 22, 2010, which included the 1.5% NSR on Nannine, Paddy’s Flat and Reedy’s, as well as the 0.45% NSR on Yaloginda. 1 Source: Westgold Corporate Presentation Jan. 23, 2025 Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 113