DEVELOPMENTS AND POTENTIAL In-mine exploration at MGO has focused on the extension of the Paddy’s Flat, Bluebird and Reedy’s ore systems. 2024 saw new drilling campaigns at Bluebird - South Junction, ongoing exploration at Triton-South Emu, and exploration at the Champion target. 1 FINANCIAL AND OPERATING RESULTS As of December 31, 2024 Revenue to Royal Gold Since Inception US$M $23.0 2023: 2024: Historic Revenue to Royal Gold US$M $2.2 $0.4 Acquisition Cost US$M $5.7 Investment Recovered % 407% Net Book Value US$M $0.0 MINERAL RESOURCES AND RESERVES As of December 3, 2024 CONTAINED Gold (koz) AGEOs * (koz) Proven and Probable 714 6 Measured and Indicated 1,331 20 Inferred 1,766 30 * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 11 for a description of AGEO calculation methodology. ROYAL GOLD 2024 Asset Handbook 114 For more information, please visit: www.westgold.com.au