The drilling campaign aims to evaluate the extent of the titanium dioxide mineral system at Pitfield.
Wheaton will pay 20% of the spot silver price to BHP for each ounce delivered under the agreement.
The programme targets resource growth at the ABM mine through 20,000m of diamond drilling and geophysical surveys across the area.
This episode of the Energy Technology podcast tackles the question: is electrification the answer to decarbonising heat?
The 1.5mtpa-capacity plant will be constructed under an EPC contract and is scheduled for development.
The company will issue 36 million fully paid ordinary shares in its capital, each valued at A$0.38 ($0.26).