POTASH RESERVES Proven Probable Proven and Probable Metallurgical Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Recovery Property Category (kt) (K 2 O %) (KCl k tons) (kt) (K 2 O %) (KCl k tons) (kt) (K 2 O %) (KCl k tons) (%) Allan (141) Producing 34,960 24.50 15,477 83,200 24.50 36,834 118,160 24.50 52,312 Undisclosed POTASH RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (K 2 O %) (KCl k tons) (kt) (K 2 O %) (KCl k tons) (KCl k tons) (kt) (K 2 O %) (KCl k tons) (%) Allan (141) Producing 1,289,620 22.04 513,664 517,680 23.35 209,075 772,739 478,800 22.35 235,921 Undisclosed LITHIUM RESOURCES (EXCLUSIVE OF RESERVES) Measured Indicated (M) + (I) Inferred Metallurgical Tonnes Grade Contained Tonnes Grade Contained Contained Tonnes Grade Contained Recovery Property Category (kt) (Li 2 O %) (Li 2 O kt) (kt) (Li 2 O %) (Li 2 O kt) (Li 2 O kt) (kt) (Li 2 O %) (Li 2 O kt) (%) Yellowknife Lithium (142) Exploration – – – – – – – 45,181 1.00 452 Undisclosed URANIUM 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) (%) La Jara Mesa (143) Evaluation – – – 1,411 0.28 7 7 720 0.24 3 Undisclosed Westmoreland (144) Evaluation – – – 27,800 0.08 48 48 11,800 0.07 18 Undisclosed IRON ORE RESERVES Proven and Probable Metallurgical Tonnes Grade Recovery Property Category (Mt) (% Fe) (%) Vale Northern System (145) Producing Serra Norte 1,568 64.80 97 % Serra Sul 3,402 65.40 100 % Serra Leste 368 64.40 100 % Vale Southeastern System (145) Producing Marina 756 53.10 90 % Itabira 760 45.60 56 % Minas Centrais 1,203 47.90 71 % Royal Gold | 2025/2026 Asset Handbook 207 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS