Full Year Results for the period to 30 June 2023

Highlights: • Royalty business model continues to deliver strong financial performance: o revenue of $229.3 million: ▪ Mining Area C (MAC): revenue royalty $215.2 million plus $13.0 million capacity payment from the South Flank expansion; ▪ Mineral sands royalties: $1.1 million o EBITDA of $219.3 million at an EBITDA margin of 96%; o Net Profit After Tax (NPAT) of $152.5 million; • Fully franked f