144. Westmoreland resources are reported to NI 43-101 and JORC standards with an effective date of 1/31/2025. Resources are reported at a cut-off grade of 100 ppm U3O8 and a metal price assumption of $65.00/lb U3O8. IRON ORE 145. Vale Northern and Southeastern Systems resources and reserves are reported under SK-1300 standards with an effective date of 12/31/2024. 220 Royal Gold | 2025/2026 Asset Handbook INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS