81 ROYAL GOLD, INC. | INVESTOR PRESENTATION | APRIL 2025 Footnotes for Mineral Resources and Reserves POTASH 99. Allan resources and reserves are reported to CIM standards with an effective date of 12/31/2023. Royal gold interest applies to 40% of produced potash, so reserves and resources are reported as 40% of the total. Specific cut-off grades and commodity prices are not disclosed. The $0.36 to $1.44 per ton potash royalty rate varies based on annual potash production and is based on a sliding scale, which caps at $1.44 per ton at prices above $23.00. The royalty is 100% of the sliding scale for the first 600,000 attributable tons produced during a calendar year. For 600,000 to 800,000 tons, the royalty reduces to 50%. After 800,000 tons, the royalty rate is 25% of the $1.44. An additional $0.25 per ton royalty is capped at 600,000 attributable tons, or a maximum of $150,000 per annum. LITHIUM 100. Yellowknife resources are reported to 43-101 standards with an effective date of 10/1/2024. Cut-off grades of 0.4% and 0.5% Li 2 O were used. Specific metals prices and recoveries were not disclosed. URANIUM 101. La Jara Mesa resources were reported with an effective date of 7/2/2007. Resources are reported at a cut-off grade of 0.05% U 3 O 8 . La Jara Mesa royalty is payable on per pound of uranium produced above eight million pounds. 102. Westmoreland resources were reported to JORC standards with an effective date of 4/20/2016. Resources are reported at a cut-off grade of 0.02% U3O8 and a metal price assumption of $65.00/lb U 3 O 8 .