AUSTRALIA Ulysses Ulysses is an underground and open-pit mine, owned by Ulysses Mining Pty Ltd, a subsidiary of Genesis Minerals Limited (“Genesis”). Ulysses is located in the Leonora Region of Western Australia, approximately 200 kilometers north of Kalgoorlie, and is a part of Genesis’ Leonora Operations. ROYALTY OPERATOR Genesis Minerals Limited MINERALIZATION STYLE Orogenic Au MINE TYPE Underground METAL(S) Gold PRODUCT Doré ROYALTY 0.9% NSR (all metals) YEAR OF ACQUISITION 2010 TERM OF ROYALTY Life of Mine MINE LIFE N/A Operational Overview Following significant preparatory work in fiscal year 2023, including intensive grade control drilling, Ulysses decline development is now underway, and ore production is expected to commence ramp-up in fiscal year 2025. Ore will be trucked 35 kilometers to the Leonora Mill for processing in combination with ore from the Gwalia underground mine. Stoping at the Ulysses underground commenced late in the December 2024 quarter. 1 2025 OPERATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPERATOR OUTLOOK Once fully ramped up, Ulysses is expected to produce 60,000 to 70,000 ounces of gold per year. 2 Royal Gold’s Royalty Interest Royal Gold holds a 0.9% NSR royalty on all metals produced from Ulysses. Royal Gold’s royalty interest at Ulysses only covers the deposits situated within mining lease M40/166. Royal Gold acquired its interest on February 22, 2010, with the acquisition of International Royalty Corporation, which included the 0.9% NSR royalty on Ulysses. 1 Source: Genesis, January 16, 2025, Press Release 2 Source: Genesis, November 2024 Corporate Presentation Introduction Attributes of Our Business Portfolio Overview Expected Performance and Outlook Portfolio Details Reference Materials 119