Wheaton Precious Metals Announces Acquisition of a Gold and Silver Stream on the Jervois Project Through a Partnership with KGL Resources
Original announcement by tmx on
- Company
- Wheaton Precious Metals Corp.
- Ticker
- WPM
- Exchange
- TSX
- Region
- Australia
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-15 07:02:56 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Wheaton Precious Metals has acquired a gold and silver stream on the Jervois Project in Australia from KGL Resources for an upfront cash consideration of US$275 million. This transaction marks Wheaton's first streaming deal in Australia and is expected to increase its total estimated Proven and Probable gold and silver reserves by 92 koz and 9.2 Moz, respectively. The Jervois Project is a fully permitted copper project with a 10-year mine life based on reserves and resources, with first production anticipated in the second half of 2027.
Reasoning: Wheaton Precious Metals is acquiring a significant gold and silver stream on the Jervois Project in Australia, adding substantial reserves and resources to its portfolio and diversifying into a new jurisdiction with a fully permitted project that is nearing production.
Positive factors
- Acquisition of a new precious metals stream on a fully permitted project
- Increases Wheaton's total estimated Proven and Probable gold and silver reserves
- Increases Wheaton's total estimated Measured and Indicated gold and silver resources
- First streaming transaction in Australia, diversifying geographical exposure
- Project is expected to commence construction imminently with first production in H2 2027
- Resource estimates are JORC and NI 43-101 compliant and signed off by Qualified Persons
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 14
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimates are stated to be in accordance with the 2012 JORC Code.
Evidence · text
“Scheduled resources are in accordance with the February 10, 2025 Feasibility Study Update created under the 2012 JORC Code.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: Mineral Reserves and Mineral Resources have been estimated in accordance with National Instrument 43-101.
Evidence · text
“Mineral Reserves and Mineral Resources have been estimated in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards for Mineral Resources and Mineral Reserves and National Instrument 43-101 – Standards for Disclosure for Mineral Projects ("NI 43-101").”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Qualified Persons (QPs) are named and defined as responsible for the technical information, including the Mineral Reserve and Mineral Resource estimates.
Evidence · text
“Qualified persons ("QPs"), as defined by the NI 43-101, for the technical information contained in this document (including the Mineral Reserve and Mineral Resource estimates) are: a. Ryan Ulansky, M.A.Sc., P.Eng. (Vice President, Technical Services); and b. Jeremy Vincent, M.Sc., P.Geo. (Director, Geology and Resources), both employees of the Company (the "Company's QPs").”
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports Proven Reserves for both gold and silver, indicating a high level of confidence.
Evidence · table
“Proven”
Context: Category
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports Probable Reserves for both gold and silver, indicating a good level of confidence.
Evidence · table
“Probable”
Context: Category
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document reports Measured Resources for both gold and silver, indicating a high level of geological confidence.
Evidence · table
“Measured”
Context: Category
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports Indicated Resources for both gold and silver, indicating a reasonable level of geological confidence.
Evidence · table
“Indicated”
Context: Category
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports Inferred Resources for both gold and silver, which is a speculative category with limited geological confidence.
Evidence · table
“Inferred”
Context: Category
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides updated Mineral Reserve and Mineral Resource estimates for the Jervois Project as part of the acquisition announcement.
Evidence · text
“Attributable Mineral Reserves and Mineral Resources – Jervois Project”
Extracted facts
Stored fact records: 14. Some facts used in scoring do not have a stored record.
Resource Estimates (14)
provenJervois Project · goldTonnes: 3100000Grade: 0.29Grade Unit: g/tContained Metal: 29Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:bda04e4e8381a3c62986
- Mining method
- combined
Resource Data
- Category
- proven
- Tonnes
- 3100000
- Grade
- 0.29
- Grade Unit
- g/t
- Contained Metal
- 29
- Contained Unit
- koz
- Cutoff Grade
- 0.71
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Proven gold reserve contributes to Wheaton's portfolio through a new streaming agreement on a fully permitted project.
Positive factors
- Proven Reserve category indicates high confidence in economic viability
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“0.29”
Context: 3.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableJervois Project · goldTonnes: 7600000Grade: 0.25Grade Unit: g/tContained Metal: 63Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:bf55b75943f9624088a5
- Mining method
- combined
Resource Data
- Category
- probable
- Tonnes
- 7600000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 63
- Contained Unit
- koz
- Cutoff Grade
- 0.71
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Probable gold reserve contributes to Wheaton's portfolio through a new streaming agreement on a fully permitted project.
Positive factors
- Probable Reserve category indicates good confidence in economic viability
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“0.25”
Context: 7.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableJervois Project · goldTonnes: 10800000Grade: 0.26Grade Unit: g/tContained Metal: 92Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:49bc70b78de7010bf09d
- Mining method
- combined
Resource Data
- Category
- probable
- Tonnes
- 10800000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 92
- Contained Unit
- koz
- Cutoff Grade
- 0.71
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This combined Proven and Probable gold reserve represents a significant addition to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Combined Proven and Probable Reserve category indicates high confidence in economic viability
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“0.26”
Context: 10.8
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredJervois Project · goldTonnes: 300000Grade: 0.1Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:0aa37a5315e33555546f
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 300000
- Grade
- 0.1
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Measured gold resource contributes to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Measured Resource category indicates high geological confidence
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“0.10”
Context: 0.3
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJervois Project · goldTonnes: 2100000Grade: 0.21Grade Unit: g/tContained Metal: 14Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:86a870721766ce3728ec
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 0.21
- Grade Unit
- g/t
- Contained Metal
- 14
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Indicated gold resource contributes to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Indicated Resource category indicates good geological confidence
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“0.21”
Context: 2.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJervois Project · goldTonnes: 2400000Grade: 0.2Grade Unit: g/tContained Metal: 15Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:203c85ce9554cca52e34
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 2400000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 15
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This combined Measured and Indicated gold resource contributes to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Combined Measured and Indicated Resource category indicates good geological confidence
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“0.20”
Context: 2.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJervois Project · goldTonnes: 4600000Grade: 0.14Grade Unit: g/tContained Metal: 21Contained Unit: kozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- gold
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:09c0fb521f1d4154529e
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4600000
- Grade
- 0.14
- Grade Unit
- g/t
- Contained Metal
- 21
- Contained Unit
- koz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Inferred gold resource contributes to Wheaton's portfolio through a new streaming agreement, but its lower confidence category limits its immediate economic impact.
Positive factors
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Negative factors
- Inferred Resource category indicates lower geological confidence and cannot support economic studies alone
Evidence · table
“0.14”
Context: 4.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenJervois Project · silverTonnes: 3000000Grade: 31Grade Unit: g/tContained Metal: 3Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:17760977d390fae3ab6c
- Mining method
- combined
Resource Data
- Category
- proven
- Tonnes
- 3000000
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- moz
- Cutoff Grade
- 0.71
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Proven silver reserve contributes to Wheaton's portfolio through a new streaming agreement on a fully permitted project.
Positive factors
- Proven Reserve category indicates high confidence in economic viability
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“31.0”
Context: 3.0
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableJervois Project · silverTonnes: 7400000Grade: 26.3Grade Unit: g/tContained Metal: 6.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:b8eab25f1e03a6aedf00
- Mining method
- combined
Resource Data
- Category
- probable
- Tonnes
- 7400000
- Grade
- 26.3
- Grade Unit
- g/t
- Contained Metal
- 6.2
- Contained Unit
- moz
- Cutoff Grade
- 0.71
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Probable silver reserve contributes to Wheaton's portfolio through a new streaming agreement on a fully permitted project.
Positive factors
- Probable Reserve category indicates good confidence in economic viability
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“26.3”
Context: 7.4
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableJervois Project · silverTonnes: 10400000Grade: 27.7Grade Unit: g/tContained Metal: 9.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:d1d4566e368d2fd196ab
- Mining method
- combined
Resource Data
- Category
- probable
- Tonnes
- 10400000
- Grade
- 27.7
- Grade Unit
- g/t
- Contained Metal
- 9.2
- Contained Unit
- moz
- Cutoff Grade
- 0.71
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This combined Proven and Probable silver reserve represents a significant addition to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Combined Proven and Probable Reserve category indicates high confidence in economic viability
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“27.7”
Context: 10.4
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredJervois Project · silverTonnes: 100000Grade: 19.1Grade Unit: g/tContained Metal: 0.1Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:2c3b94d6d3cf5b2a465f
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 100000
- Grade
- 19.1
- Grade Unit
- g/t
- Contained Metal
- 0.1
- Contained Unit
- moz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Measured silver resource contributes to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Measured Resource category indicates high geological confidence
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“19.1”
Context: 0.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJervois Project · silverTonnes: 1100000Grade: 36.7Grade Unit: g/tContained Metal: 1.3Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:988570f93616f389697d
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1100000
- Grade
- 36.7
- Grade Unit
- g/t
- Contained Metal
- 1.3
- Contained Unit
- moz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Indicated silver resource contributes to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Indicated Resource category indicates good geological confidence
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“36.7”
Context: 1.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJervois Project · silverTonnes: 1200000Grade: 34.6Grade Unit: g/tContained Metal: 1.3Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:2f2c27b251398894ecff
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 1200000
- Grade
- 34.6
- Grade Unit
- g/t
- Contained Metal
- 1.3
- Contained Unit
- moz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This combined Measured and Indicated silver resource contributes to Wheaton's portfolio through a new streaming agreement.
Positive factors
- Combined Measured and Indicated Resource category indicates good geological confidence
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Evidence · table
“34.6”
Context: 1.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJervois Project · silverTonnes: 4000000Grade: 16.4Grade Unit: g/tContained Metal: 2.1Contained Unit: mozView all detailsHide details
Identity
- Project
- Jervois Project
- Commodity
- silver
- Region
- australia
- Reported Region
- Australia
- Ticker
- WPM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Ryan Ulansky, Jeremy Vincent
- Resource group id
- resource:7c92e084a3171d2f4c42
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 4000000
- Grade
- 16.4
- Grade Unit
- g/t
- Contained Metal
- 2.1
- Contained Unit
- moz
- Cutoff Grade
- 0.35
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2025-02-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: This Inferred silver resource contributes to Wheaton's portfolio through a new streaming agreement, but its lower confidence category limits its immediate economic impact.
Positive factors
- Part of a new stream acquisition for Wheaton Precious Metals
- Resource estimate is JORC and NI 43-101 compliant and QP signed
Negative factors
- Inferred Resource category indicates lower geological confidence and cannot support economic studies alone
Evidence · table
“16.4”
Context: 4.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.