73 ROYAL GOLD, INC. | INVESTOR PRESENTATION | JANUARY 2025 Mineral Resources and Reserves for Portfolio Assets COBALT RESERVES Metallurgical Current Stream/ Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category Royalty Interest (kt) (%) (Mlb) (kt) (%) (Mlb) (kt) (%) (Mlb) (%) Footnotes Voisey's Bay Producing 2.7% NVR 15,539 0.10 34 15,549 0.12 41 31,088 0.11 75 68-86% 92 TOTAL COBALT RESERVES 34 41 75 COAL RESERVES Metallurgical Current Stream/ Recovery Property Category Royalty Interest (%) Footnotes Skyline Producing 1.412988% GV (coal) Undisclosed 97 TOTAL COAL RESERVES POTASH RESERVES Metallurgical Current Stream/ Tonnes K O Grade Contained KCl Tonnes K O Grade Contained KCl Tonnes K O Grade Contained KCl Recovery Property Category Royalty Interest (kt) (%) (k tons) (kt) (%) (k tons) (kt) (%) (k tons) (%) Footnotes Allan Producing $0.36 to $1.44 per ton (potash), $0.25 per ton (potash) 37,600 24.70 16,782 97,600 24.70 43,562 135,200 24.70 60,344 100% 99 TOTAL POTASH RESERVES 16,782 43,562 60,344 Proven Probable Proven and Probable Proven Probable 6,895 6,895 Proven and Probable Tonnes (kt) Tonnes (kt) Tonnes (kt) Proven Probable Proven and Probable 6,895 6,895 — —