ò Producing ò Development ò Evaluation ò Exploration WESTERN AUSTRALIA (AUSTRALIA) Western Australia is one of the most important mining regions in the world, hosting enormous resources of iron ore, gold, nickel, lithium, and other minerals. Mining dominates the state’s economy and has shaped its development for over a century. Western Australia by the Numbers: • Mining provides approximately 30% of Western Australia’s GDP and approximately 135,000 direct jobs. • Approximately two thirds of Australia’s gold production is from Western Australia. • The Kalgoorlie discovery in 1893 led to the development of the Golden Mile, which has produced over 60 million ounces of gold. Royal Gold in Western Australia by the Numbers: • Royal Gold currently has 9 producing assets and exposure to approximately 30 exploration and development projects in the Yilgarn Gold belt. • Royal Gold’s revenue from Western Australian interests was approximately $41 million in 2025. 18 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS