ATTRIBUTES OF PORTFOLIO EXPECTED PERFORMANCE PORTFOLIO REFERENCE INTRODUCTION OUR BUSINESS OVERVIEW AND OUTLOOK DETAILS MATERIALS NICKEL RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Voisey's Bay(135) Producing 19,880 1.81 793 8,456 1.65 308 28,336 1.76 1,101 70-84% NICKEL RESOURCES (EXCLUSIVE OF RESERVES) | Measured | Indicated | (M) + (I) | Inferred | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Voisey's Bay(135) | Producing | 1,393 | 1.30 | 40 | 10,092 | 1.66 | 369 | 409 | 13,831 | 1.40 | 427 | 70-85% | | Bell Creek(139) | Evaluation | 11,400 | 0.84 | 211 | 12,700 | 0.64 | 179 | 390 | 1,700 | 0.55 | 21 | Undisclosed | COBALT RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Voisey's Bay(135) Producing 19,880 0.11 48 8,456 0.10 19 28,336 0.11 67 70-86% COBALT RESOURCES (EXCLUSIVE OF RESERVES) | Measured | Indicated | (M) + (I) | Inferred | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Voisey's Bay(135) | Producing | 1,393 | 0.07 | 2 | 10,092 | 0.11 | 24 | 27 | 13,831 | 0.08 | 24 | 70-85% | | Bell Creek(139) | Evaluation | 11,400 | 0.05 | 13 | 12,700 | 0.03 | 8 | 21 | 1,700 | 0.03 | 1 | Undisclosed | MOLYBDENUM RESERVES | Proven | Probable | Proven and Probable | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Antamina(125) | Producing | 260,000 | 0.03 | 146 | 268,000 | 0.02 | 136 | 528,000 | 0.02 | 282 | Undisclosed | | Caserones(132) | Producing | 310,122 | 0.01 | 85 | 486,958 | 0.01 | 126 | 797,080 | 0.01 | 210 | Undisclosed | | Warintza(75) | Development | 797,000 | 0.02 | 351 | 503,000 | 0.01 | 111 | 1,300,000 | 0.02 | 462 | Undisclosed | MOLYBDENUM RESOURCES (EXCLUSIVE OF RESERVES) | Measured | Indicated | (M) + (I) | Inferred | Metallurgical | | Tonnes | Grade | Contained | Tonnes | Grade | Contained | Contained | Tonnes | Grade | Contained | Recovery | | Property | Category | (kt) | (%) | (Mlb) | (kt) | (%) | (Mlb) | (Mlb) | (kt) | (%) | (Mlb) | (%) | | Antamina(125) | Producing | – | – | – | 339,000 | 0.02 | 129 | 129 | 1,250,000 | 0.02 | 524 | Undisclosed | | Caserones(132) | Producing | – | – | – | 498,860 | 0.005 | 54 | 54 | 74,766 | 0.01 | 9 | Undisclosed | | Warintza(75) | Development | 399,000 | 0.02 | 176 | 2,047,000 | 0.01 | 451 | 627 | 2,092,000 | 0.01 | 461 | Undisclosed | | Berg(77) | Evaluation | 34,000 | 0.03 | 24 | 976,000 | 0.03 | 609 | 633 | 542,000 | 0.02 | 288 | 70 % | | MARA(97) | Evaluation | 127,000 | 0.03 | 84 | 1,080,000 | 0.03 | 714 | 798 | 110,000 | 0.03 | 73 | Undisclosed | | North Island(103) | Evaluation | – | – | – | 822,793 | 0.01 | 149 | 149 | 204,070 | 0.01 | 25 | 74 % | | Schaft Creek(116) | Evaluation | 166,000 | 0.02 | 77 | 1,127,200 | 0.02 | 398 | 474 | 316,700 | 0.02 | 133 | 59 % | COAL RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Tonnes Contained Tonnes Recovery Property Category (kt) (kt) (kt) (kt) (%) Horizon Coal(140) Evaluation 102,468 40,626 143,094 40,626 Undisclosed 206 Royal Gold / 2025/2026 Asset Handbook