# 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9

Original source: https://money.tmx.com/en/quote/WPM/news/8892639842077189/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: Northern Territory, Australia

- Primary commodity: Gold

- Secondary commodities: Silver, Copper

- Document categories: Resource update, Agreement transaction

- Extracted: 2026-09-15 07:03:52 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Wheaton Precious Metals announced the acquisition of a gold and silver stream on the Jervois Project in Australia from KGL Resources for an upfront consideration of US$275 million. This transaction marks Wheaton's first streaming deal in Australia and will provide KGL with construction funding for the fully permitted copper project. The stream is expected to add 92 Koz of gold and 9.2 Moz of silver to Wheaton's Proven and Probable reserves, based on a February 10, 2025 Feasibility Study Update.

Reasoning: Wheaton Precious Metals is acquiring a significant gold and silver stream on the Jervois Project in Australia, which diversifies its portfolio, supports a new copper mine development, and materially increases its attributable reserves and resources.

- Positive factor: Acquisition of a new gold and silver stream expands Wheaton's portfolio

- Positive factor: First streaming transaction in Australia, a leading mining jurisdiction

- Positive factor: Project is fully permitted with significant exploration potential

- Positive factor: Adds 92 Koz gold and 9.2 Moz silver to Wheaton's Proven and Probable reserves

- Positive factor: Provides construction funding for KGL Resources to advance the Jervois Project

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 estimate is stated to be in accordance with the 2012 JORC Code and 2014 CIM Standards.

Evidence · table

> 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: The resource estimate is stated to be 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.

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 Ryan Ulansky, M.A.Sc., P.Eng. and Jeremy Vincent, M.Sc., P.Geo. are named as responsible for the technical information.

Evidence · table

> Ryan Ulansky, M.A.Sc., P.Eng. \(Vice President, Technical Services\); and Jeremy Vincent, M.Sc., P.Geo. \(Director, Geology and Resources\)

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for both reserves \(0.71% CuEq open-pit, 1.0% CuEq UG with backfill, 0.83% CuEq UG without backfill\) and resources \(0.35% CuEq open-pit, 0.8% Cu UG\) are clearly stated.

Evidence · table

> Jervois Project Mineral Reserves are reported above 0.71 percent copper equivalent cut-off grade tonne for open-pit mining, above a 1.0 percent copper equivalent cut-off grade for underground mining with backfill, and above a 0.83 percent copper equivalent cut-off grade for underground mining without backfill

## 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-0)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Proven gold reserves contribute to the project's economic viability and Wheaton's attributable reserves.

- Positive factor: Proven reserve category indicates high confidence

- Positive factor: Adds to Wheaton's attributable reserves

Evidence · table

> 3.1

Context: 29

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-1)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Probable gold reserves contribute significantly to the project's economic viability and Wheaton's attributable reserves.

- Positive factor: Probable reserve category indicates good confidence

- Positive factor: Adds to Wheaton's attributable reserves

Evidence · table

> 7.6

Context: 63

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-2)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: The total Proven and Probable gold reserves represent a material contribution to the project's economic foundation and Wheaton's portfolio.

- Positive factor: Combined Proven and Probable reserves provide a robust base

- Positive factor: Significant addition to Wheaton's attributable reserves

Evidence · table

> 10.8

Context: 92

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-3)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Measured gold resources provide a high-confidence component to the overall resource base.

- Positive factor: Measured resource category indicates high geological confidence

Evidence · table

> 0.3

Context: 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-4)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Indicated gold resources contribute to the project's overall resource base with good geological confidence.

- Positive factor: Indicated resource category provides reasonable geological confidence

Evidence · table

> 2.1

Context: 14

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-5)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: The total Measured and Indicated gold resources represent a significant component of the project's overall resource potential.

- Positive factor: Combined Measured and Indicated resources provide a solid base for future studies

- Positive factor: Adds to Wheaton's attributable resources

Evidence · table

> 2.4

Context: 15

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-6)

Jervois Project · gold

#### Identity

- Project: Jervois Project
- Commodity: gold
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Inferred gold resources represent additional potential that could be upgraded with further drilling.

- Positive factor: Inferred resources indicate exploration upside and potential for future conversion

- Negative factor: Inferred category has lower geological confidence

Evidence · table

> 4.6

Context: 21

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-7)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Proven silver reserves contribute to the project's economic viability and Wheaton's attributable reserves.

- Positive factor: Proven reserve category indicates high confidence

- Positive factor: Adds to Wheaton's attributable reserves

Evidence · table

> 3.0

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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-8)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Probable silver reserves contribute significantly to the project's economic viability and Wheaton's attributable reserves.

- Positive factor: Probable reserve category indicates good confidence

- Positive factor: Adds to Wheaton's attributable reserves

Evidence · table

> 7.4

Context: 6.2

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-9)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: The total Proven and Probable silver reserves represent a material contribution to the project's economic foundation and Wheaton's portfolio.

- Positive factor: Combined Proven and Probable reserves provide a robust base

- Positive factor: Significant addition to Wheaton's attributable reserves

Evidence · table

> 10.4

Context: 9.2

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-10)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Measured silver resources provide a high-confidence component to the overall resource base.

- Positive factor: Measured resource category indicates high geological confidence

Evidence · table

> 0.1

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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-11)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Indicated silver resources contribute to the project's overall resource base with good geological confidence.

- Positive factor: Indicated resource category provides reasonable geological confidence

Evidence · table

> 1.1

Context: 1.3

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-12)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: The total Measured and Indicated silver resources represent a significant component of the project's overall resource potential.

- Positive factor: Combined Measured and Indicated resources provide a solid base for future studies

- Positive factor: Adds to Wheaton's attributable resources

Evidence · table

> 1.2

Context: 1.3

#### 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--922bf32d-7c4e-47d7-b8ea-a8bb900290a9#fact-resource-facts-13)

Jervois Project · silver

#### Identity

- Project: Jervois Project
- Commodity: silver
- Region: australia\_nt
- Reported Region: Northern Territory, 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: % copper equivalent

#### 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: Inferred silver resources represent additional potential that could be upgraded with further drilling.

- Positive factor: Inferred resources indicate exploration upside and potential for future conversion

- Negative factor: Inferred category has lower geological confidence

Evidence · table

> 4.0

Context: 2.1

#### 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.