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Collective Mining Ltd. reported new high-grade drill results from the Apollo system at its Guayabales Project in Caldas, Colombia, expanding shallow mineralization and reinforcing Apollo as its flagship discovery.
Key hole APC-159 cut 31.70 metres grading 17.35 g/t gold equivalent within 165.75 metres at 5.35 g/t gold equivalent starting from 8.85 metres down hole, plus an additional 64.00 metres at 2.00 g/t gold equivalent from 236.00 metres. Other holes (APC-155 to APC-158) returned broad gold-tungsten-silver-copper mineralization from or near surface. Management highlights that drilling extends the shallow portion of Apollo by up to 30 metres to the northeast and has discovered sheeted veinlets in the Hanging Wall Zone.
The company states it had US$135 million in cash as of December 1, 2025 and has completed 167,500 metres of drilling across its Guayabales and San Antonio projects, including 110,000 metres at Apollo. It plans up to 100,000 metres of additional drilling in 2026 and targets a maiden mineral resource estimate for Apollo in the first half of 2027.
Collective Mining Ltd. reports new drill results that significantly extend the high-grade Ramp Zone within its Apollo system at the Guayabales Project in Colombia. Hole APC143-D3 returned 58.10 metres at 21.33 g/t gold and 13 g/t silver, including 27.00 metres at 43.13 g/t gold and 25 g/t silver, representing the highest-grade and deepest intercept drilled to date in the Ramp Zone and reaching up to 1,410 metres below surface. A second hole, APC140-D4, intersected narrower zones, including 15.00 metres at 5.00 g/t gold and 10 g/t silver.
The new intercept expands the Ramp Zone’s mineralized envelope to approximately 300 metres of strike by 100 metres in width by 310 metres vertically, and it remains open in all directions. The company highlights geological similarities between the Ramp Zone and the nearby Marmato Deeps system, while cautioning that Marmato data are not necessarily indicative of Ramp mineralization.
Collective states it has completed 166,500 metres of drilling across Guayabales and San Antonio, including 109,500 metres at Apollo, and holds US$135 million in cash as of December 1, 2025, fully funding a planned 2026 program of up to 100,000 metres of additional drilling with up to fourteen rigs operating.
Collective Mining Ltd. reported new high-grade drill results from the tungsten-rich crown of its Apollo system at the Guayabales Project in Caldas, Colombia. The standout intercept is drill hole APC-154, which cut 111.15 metres grading 5.48 g/t gold equivalent from 2.00 metres, including 42.25 metres at 12.13 g/t gold equivalent and a very high-grade sub-interval of 10.85 metres at 38.52 g/t gold.
Other holes from Pad 33 also returned long, continuous mineralization, such as APC-152 with 113.65 metres at 1.28 g/t gold and 0.22% WO₃, and APC-153 with 168.00 metres at 0.73 g/t gold and 2.11 g/t gold equivalent. At the X target, drilling confirmed narrower, silver-rich veins, but the company does not plan near-term follow-up there.
Across its Guayabales and San Antonio projects, Collective has completed 165,500 metres of diamond drilling, including 109,000 metres at Apollo. With US$135 million in cash as of December 1, 2025, it is fully funded for a 2026 program of up to 100,000 metres of additional drilling ahead of a planned maiden mineral resource estimate for Apollo in early 2027.
Collective Mining Ltd. filed a Form 6-K to share that it has appointed Carlos Andrés Santos as Executive Vice President, effective immediately. He brings more than two decades of senior leadership experience in strategy, operations, transformation and corporate services across the Americas, including senior roles at Holcim / Amrize and Ecopetrol S.A., Colombia's largest integrated energy company.
The company highlights this hire as part of strengthening its management team as it launches major technical studies, its largest-ever drill program and advances key discoveries at the flagship Guayabales Project, anchored by the high-grade Apollo system, and at the optioned San Antonio Project in Caldas, Colombia. Collective describes itself as a gold, silver, copper and tungsten exploration company with two projects in an established mining camp and notes that management, insiders, a strategic investor and close family and friends own 45.3% of its outstanding shares.
Collective Mining Ltd. furnished a Form 6-K to provide a copy of its National Instrument 43-101 Technical Report for the Guayabales Gold-Silver-Copper-Tungsten Project, located in the Department of Caldas, Colombia. The report was previously filed on Sedar+ on December 12, 2025.
The submission also includes the consent of Stewart D. Redwood, BSc(Hons), PhD, FIMMM, FGS, contained in Exhibit 99.2, in connection with the Guayabales project.