131. Rock Creek resources are reported to SK-1300 and NI 43-101 standards with an effective date of 12/31/2023. Metal prices used are $21.00 Ag and $3.00 Cu, with an NSR cut-off grade of $24.50. COPPER 132. Caserones resources and reserves are reported to CIM standards and have an effective date of 12/31/2025. Metal prices for reserves are $3.85 Cu and $17 Mo. Resources use a $4.43 Cu price. Specific recoveries vary by material type and processing method. 133. Chapada resources and reserves are reported under CIM standards and have an effective date of 12/31/2025. Reserves use $3.85 Cu and $1,600 Au prices. Resources us metal prices of $4.43 Cu and $1,840 Au. 134. Johnson Camp resources are reported under CIM standards with an effective date of 2/21/2022. Copper prices of $4.00 and a cut-off grade of 0.2% Cu are used for resource reporting. 135. Voisey’s Bay resources and reserves are reported to SK-1300 standards with an effective date of 12/31/2024. Commodity prices used are $4.15 Cu, $8.14 Ni, and $19.27 Co. NSR cut-off is $28.35 for open-pit and $210-$250 for underground. 136. Cactus resources and reserves are reported to 43-101 standards with an effective date of 7/11/2024. Resources use a copper price of $3.75 and variable cut-off grades by material type. Royal Gold’s interest covers 100% of Cactus East and West and approximately 62% of Parks/Salyer. 137. Las Cruces resources and reserves are reported to CIM standards with an effective date of 9/30/2023. Copper price used is $3.80 with a cut-off grade of $50.60 NSR. 138. Los Chancas resources are reported to SK-1300 standards with an effective date of 12/31/2024. Resources use $3.80 Cu prices and NSR cut-offs of $6.11 for heap leach and $7.64 for mill and flotation material. NICKEL 139. Bell Creek resources are reported to JORC standards with an effective date of 2/10/2019. Specific commodity prices and cut-off grades are not disclosed. The royalty is AUS$1.00 per tonne on the first five million tonnes of production, AUS$2.00 per tonne thereafter. COAL 140. Horizon resources were reported with an effective date of 12/31/2011. POTASH 141. Allan resources and reserves are reported to CIM standards with an effective date of 12/31/2024. 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 142. Yellowknife resources are reported to NI 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. Royal Gold interest covers all resource areas except Shorty. URANIUM 143. 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% U3O8. La Jara Mesa royalty is payable on per pound of uranium produced above eight million pounds. Royal Gold | 2025/2026 Asset Handbook 219 INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS