# Wheaton Precious Metals Announces Acquisition of a Gold and Silver Stream on the Jervois Project Through a Partnership with KGL Resources Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e Original source: https://money.tmx.com/en/quote/WPM/news/7814512574689588/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the Publisher: tmx Original announcement: 2026-04-01T23:08:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Acquisition of a new precious metals stream on a fully permitted project - Positive factor: Increases Wheaton's total estimated Proven and Probable gold and silver reserves - Positive factor: Increases Wheaton's total estimated Measured and Indicated gold and silver resources - Positive factor: First streaming transaction in Australia, diversifying geographical exposure - Positive factor: Project is expected to commence construction imminently with first production in H2 2027 - Positive factor: 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 Compliant** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Reserve** Polarity: positive Definition: 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 Reserve** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: 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) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-0) Jervois Project · gold #### 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 factor: Proven Reserve category indicates high confidence in economic viability - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 0.29 Context: 3.1 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-1) Jervois Project · gold #### 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 factor: Probable Reserve category indicates good confidence in economic viability - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 0.25 Context: 7.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-2) Jervois Project · gold #### 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 factor: Combined Proven and Probable Reserve category indicates high confidence in economic viability - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 0.26 Context: 10.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-3) Jervois Project · gold #### 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 factor: Measured Resource category indicates high geological confidence - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 0.10 Context: 0.3 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-4) Jervois Project · gold #### 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 factor: Indicated Resource category indicates good geological confidence - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 0.21 Context: 2.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-5) Jervois Project · gold #### 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 factor: Combined Measured and Indicated Resource category indicates good geological confidence - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 0.20 Context: 2.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-6) Jervois Project · gold #### 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 factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-7) Jervois Project · silver #### 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 factor: Proven Reserve category indicates high confidence in economic viability - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 31.0 Context: 3.0 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-8) Jervois Project · silver #### 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 factor: Probable Reserve category indicates good confidence in economic viability - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 26.3 Context: 7.4 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-9) Jervois Project · silver #### 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 factor: Combined Proven and Probable Reserve category indicates high confidence in economic viability - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 27.7 Context: 10.4 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-10) Jervois Project · silver #### 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 factor: Measured Resource category indicates high geological confidence - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 19.1 Context: 0.1 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-11) Jervois Project · silver #### 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 factor: Indicated Resource category indicates good geological confidence - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 36.7 Context: 1.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-12) Jervois Project · silver #### 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 factor: Combined Measured and Indicated Resource category indicates good geological confidence - Positive factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed Evidence · table > 34.6 Context: 1.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/wheaton-precious-metals-announces-acquisition-of-a-gold-and-silver-stream-on-the--29f52a63-39e6-498f-b288-9d9e1762c42e#fact-resource-facts-13) Jervois Project · silver #### 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 factor: Part of a new stream acquisition for Wheaton Precious Metals - Positive factor: Resource estimate is JORC and NI 43-101 compliant and QP signed - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **DFS-Supporting** Polarity: neutral Definition: 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.