Tuesday, September 8, 2026
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Collective Mining Announces Maiden Mineral Resource for its Apollo Deposit at the Guayabales Project - PR Newswire Canada

Drill Results Resource Estimates
  • Initial Mineral Resource for the Apollo deposit, which is the flagship of a series of discoveries made by Collective Mining on its 100% owned Guayabales Project:
    • Indicated Mineral Resources of 37.0 Mt @ 2.17 g/t AuEq for 2.58 million oz AuEq
    • Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq
  • High-grade, open pit resource at an attractive strip ratio of 3.4:1:
    • 22.5 Mt @ 2.06 g/t AuEq Indicated, for 1.49 million oz AuEq
    • 25.9 Mt @ 0.86 g/t AuEq Inferred, for 0.71 million oz AuEq
    • Gold contributes approximately 50% of the calculated AuEq grade of the Indicated open-pit resource, with silver, copper and tungsten contributing the balance under the stated assumptions
    • Smaller conceptual pit shells illustrate higher-grade and lower strip-ratio scenarios
  • A high-grade, underground Mineral Resource for the Ramp Zone:
    • 6.04 Mt @ 5.37 g/t AuEq Inferred for 1.04 million oz AuEq
    • 1.29 Mt @ 4.74 g/t AuEq Indicated for 0.20 million oz AuEq
  • Growth opportunities extend beyond the current Mineral Resource boundaries, with approximately 40,000 meters of drilling completed since the database cut-off, including reported assay results and intervals awaiting assays
  • The Company is accelerating environmental and technical studies at Apollo and is targeting submission of an environmental license application in H2 2027

MIAMI, Sept. 8, 2026 /CNW/ -- Collective Mining Ltd. (NASDAQ: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce a maiden Mineral Resource (the "Mineral Resource" or "MR") for the Apollo deposit ("Apollo"), the most advanced in a series of discoveries made at the Company's Guayabales Project in Caldas, Colombia.

Figure 2: Apollo Plan View above 1,800 masl – Shallow Halo Zone and Mineral Resource Open Pit Outline.
Figure 2: Apollo Plan View above 1,800 masl – Shallow Halo Zone and Mineral Resource Open Pit Outline.
Figure 3: Underground Mineral Resource – Plan View at 1,000 masl and Section A-A'
Figure 3: Underground Mineral Resource – Plan View at 1,000 masl and Section A-A'
Figure 4: Ramp Zone – Plan View at 750 masl
Figure 4: Ramp Zone – Plan View at 750 masl
Figure 5: Long Section A-A' – Highlighting the Mineral Resource for Ramp Zone Beginning at 1000 masl to a Maximum Depth of 650 masl (350 Meters vertical)
Figure 5: Long Section A-A' – Highlighting the Mineral Resource for Ramp Zone Beginning at 1000 masl to a Maximum Depth of 650 masl (350 Meters vertical)

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