Diversified portfolio of royalties

12 principal royalty assets across five continents. Over 89% of royalties by value, across five commodities, are in production.

COMMODITY EXPOSURE – 31/12/2018

Coking Coal

Iron ore

Thermal Coal

Uranium

Gold

Other

GEOGRAPHIC EXPOSURE – 31/12/2018

Australia

Canada

Brazil

Spain

Other

STAGE OF PRODUCTION – 31/12/2018

Producing

Development

Early Stage