Ulysses OPERATOR Genesis Minerals Limited COUNTRY: Australia MINE LIFE: Detail not publicly disclosed by operator. METAL(S): Gold ROYALTY: 0.9% NSR (all metals) REVENUE TO ROYAL (2025): $0.7 million INVESTMENT RECOVERED: N/M REVENUE TO ROYAL GOLD SINCE INCEPTION: $0.8 million Ulysses is an underground and open-pit mine located in the Leonora Region of Western Australia, approximately 200 kilometers north of Kalgoorlie, and is a part of Genesis’ Leonora Operations. Ulysses is owned by Ulysses Mining Pty Ltd, a subsidiary of Genesis Minerals Limited. Stoping at the Ulysses underground commenced late in the December 2024 quarter. At full-scale production, Ulysses is expected to produce 60,000 to 70,000 ounces of gold per year. (1) 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. For more information, please visit: www.genesisminerals.com.au (1) Source: Genesis, November 2025 Corporate Presentation. (2) Mineral Resources and reserves details for Ulysses. are provided in the Mineral Resources and Reserves section of this document, if available. Wonder OPERATOR Northern Star Resources Limited COUNTRY: Australia MINE LIFE: Detail not publicly disclosed by operator. METAL(S): Gold ROYALTY: 1.5% NSR (all metals) REVENUE TO ROYAL (2025): $3.1 million INVESTMENT RECOVERED: 383% REVENUE TO ROYAL GOLD SINCE INCEPTION: $3.8 million Wonder is an underground mine located in the Northeastern Goldfields of Western Australia, approximately 60 kilometers north of Leonora. Wonder is part of the larger Thunderbox Operations (“TBO”), approximately 25 kilometers south of the Thunderbox plant. TBO is located within the Yandal Production Center. Wonder is owned and operated by Northern Star Resources Limited. Royal Gold holds a 1.5% NSR royalty on all metals produced from Wonder. Royal Gold acquired this royalty as part of its acquisition of International Royalty Corporation, which was completed on February 22, 2010. For more information, please visit: www.nsrltd.com (1) Mineral Resources and reserves details for Wonder are provided in the Mineral Resources and Reserves section of this document, if available. 140 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS