AUSTRALIA Gwalia Gwalia is an underground and open-pit mine, owned and operated by Genesis Minerals Limited (“Genesis”). Gwalia is located in the Leonora Region of Western Australia, approximately 240 kilometers north of Kalgoorlie, and is a part of Genesis’ Lenora Gold Project (“LGP”). ROYALTY OPERATOR Genesis Minerals Limited MINERALIZATION STYLE Orogenic Au MINE TYPE Open-pit & Underground METAL(S) Gold PRODUCT Doré ROYALTY 1.5% NSR (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALTY Life of Mine MINE LIFE 2039 1 Operational Overview Gwalia is Australia’s deepest underground gold mine and the deepest ramp access mine in the world. The mining method is long-hole open-stoping with paste backfill. The processing plant is a conventional carbon-in-pulp circuit and has a nominal capacity of 1.2 million tonnes per annum (Mtpa) of hard rock and up to 1.8 Mtpa, when softer material is blended. Other surface infrastructure includes a gas-fired power station, a paste-fill plant, and a refrigeration plant to cool the underground environment. We are currently receiving revenue from residual heap leach operations. 2025 OPERATOR GUIDANCE Current production is approximately 120,000 to 130,000 ounces per annum. 2 LONGER-TERM OPERATOR OUTLOOK Gwalia is the cornerstone of the LGP and is expected to contribute ~70% of LGP’s five-year production outlook, which is 120,000 to 140,000 ounces per annum . 3 Royal Gold’s Royalty Interest Royal Gold owns a 1.5% NSR royalty on all metals produced from the Gwalia mine. On February 22, 2010, Royal Gold announced it closed its acquisition of International Royalty Corporation, which included the 1.5% NSR royalty on Gwalia. 1 Source: Genesis, September 16, 2024 Conference Transcript 2 Source: Genesis, February 2025 Corporate Presentation 3 Source: Genesis, March 21, 2024, Five-year Strategic Plan 4 Source: Genesis, November 11, 2024, Press Release Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 109