Core Insights - Collective Mining Ltd. published its 2024 Sustainability Report, marking the fourth report that outlines its performance and impacts in environmental, social, and governance (ESG) dimensions in Caldas, Colombia [1][3]. Group 1: Company Performance - In 2024, the company made significant progress in responsible exploration, technical excellence, and stakeholder engagement, guided by its commitment to "The Collective Way" [2][4]. - The company aims for an ambitious 70,000 meter drilling program and is making progress at the Guayabales and San Antonio projects, focusing on long-term sustainable value creation [4]. Group 2: Key Highlights from the Sustainability Report - The company achieved zero lost time injuries in 2024, maintaining a Total Recordable Injury Frequency Rate (TRIFR) of 0%, indicating a strong safety culture [10]. - There was a 70% increase in direct local employment year-over-year, reflecting growth and preparation for advanced exploration stages [10]. - Over $410,000 was directly invested in social programs, benefiting more than 2,000 individuals, with an additional 43% contributed by strategic partners [10]. - Female participation across employees and contractors was 24.6%, with 40% female representation on the Board of Directors [10]. - The company reported zero environmental fines or non-compliance events, offsetting 1,200 tonnes of CO₂ through conservation efforts that protect 103,022 hectares of forest [10]. - Strategic community initiatives included 33 regional partnerships, support for 300 coffee farmers, training for 200 women, construction of rural roadways, and clean water access for 1,700 people [10]. Group 3: Company Background - Collective Mining Ltd. was founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value [6]. - The company is focused on gold, silver, copper, and tungsten exploration with projects in Caldas, Colombia, and has options to acquire 100% interests in two projects within an established mining camp [6][7]. - The flagship project, Guayabales, is anchored by the Apollo system, which hosts a large-scale, bulk-tonnage, and high-grade gold-silver-copper-tungsten system [7].

Core Viewpoint - Collective Mining Ltd. has announced positive assay results from five diamond drill holes at the Apollo system, indicating strong mineralization and potential for expansion of the gold-silver-copper-tungsten resources in the Guayabales Project in Caldas, Colombia [1][5][10]. Company Overview - Collective Mining Ltd. is focused on exploring and developing gold, silver, copper, and tungsten projects in Colombia, with a significant emphasis on the Guayabales Project, particularly the Apollo system [9][10]. - The company has a history of successful project development, having previously sold Continental Gold Inc. for approximately $2 billion [9]. Drilling Program - The company is conducting a fully funded 70,000-meter drill program for 2025, with ten drill rigs currently operational, eight at the Guayabales Project and two at the San Antonio Project [2][3]. - Approximately 131,500 meters of diamond drilling have been completed at the Guayabales Project, with 92,000 meters specifically at Apollo [3]. Assay Results - Recent assay results from five drill holes show high-grade mineralization, including: - APC-125: 442.35 meters at 2.16 g/t gold equivalent from surface, including 68.05 meters at 4.55 g/t [5][7]. - APC-126: 325.10 meters at 2.03 g/t gold equivalent from 8 meters downhole [5][7]. - APC-124: 99.75 meters at 2.09 g/t gold equivalent from 20.95 meters downhole [5][7]. - The shallow drilling program has expanded the volume of the shallow mineralized area by approximately 5% [7]. Future Plans - The company plans to continue drilling to define and expand high-grade sub-zones and test additional gravity targets, with expectations of making further discoveries by the end of 2025 [3][10]. - A second deep capacity drill rig is expected to arrive in Q3 2025 to further explore the high-grade Ramp Zone [2][3].

Core Viewpoint - Collective Mining Ltd. has announced positive assay results from six diamond drill holes at the Apollo system, indicating significant gold-silver-copper-tungsten mineralization and expansion potential at the Guayabales project in Colombia [1][6][12]. Group 1: Drilling and Assay Results - The Apollo system is strongly mineralized over 1,200 vertical meters and remains open at depth, with ongoing drilling aimed at defining shallow mineralization and expanding high-grade zones [1][4]. - Recent assay results include 397.50 meters at 2.62 g/t gold equivalent from surface in hole APC-122, which bottomed in strong mineralization [6][7]. - A total of approximately 129,500 meters of diamond drilling has been completed at the Guayabales Project, with 91,000 meters specifically at Apollo [3][10]. Group 2: Future Plans and Operations - The company is operating nine drill rigs as part of a fully funded 70,000-meter drill program for 2025, with plans to mobilize additional deep capacity rigs to further explore the high-grade Ramp Zone [2][4]. - Exploratory drilling is also underway on gravity anomalies near Apollo, with the aim of discovering additional mineralization [4][12]. - The company has completed over two-thirds of its 33-hole infill drill program, with assays pending for eight holes, indicating ongoing exploration and development efforts [10][12]. Group 3: Management and Ownership - Management, insiders, and a strategic investor own 44.5% of the outstanding shares, aligning their interests with those of shareholders [13]. - The company is listed on both the NYSE and TSX under the symbol "CNL" [13].

Core Viewpoint - Collective Mining Ltd. has appointed Mr. Raphael Maracajá as Vice President of Mining, bringing 20 years of international mining experience to the company, which is expected to enhance its operational capabilities and growth strategy [1][2]. Company Updates - Mr. Maracajá's appointment is aimed at advancing the Guayabales and San Antonio projects, reinforcing the company's commitment to operational excellence and responsible development [2]. - The company will hold its 2025 annual shareholder meeting on June 16, 2025, via Zoom, allowing shareholders to engage and ask questions [3]. Company Background - Collective Mining Ltd. was founded by the team that developed and sold Continental Gold Inc. for approximately $2 billion in enterprise value and focuses on gold, silver, copper, and tungsten exploration in Caldas, Colombia [5]. - The flagship project, Guayabales, features the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization, with objectives to improve overall grade and expand the system through systematic drilling [6]. Shareholder Information - Management, insiders, and a strategic investor collectively own 44.5% of the outstanding shares, indicating alignment with shareholder interests [7].

Core Insights - The narrative reflects on a personal journey from a successful career in investment banking to a simpler, more fulfilling life in nature, highlighting the contrast between material success and personal well-being [1] Group 1: Career Journey - The individual held research analyst positions in various investment firms in Toronto, starting in sell-side research and moving through different financial sectors including hedge funds and wealth management [1] - Achieving CFA and CAIA designations at the age of 25 marked a significant milestone in the individual's professional development [1] Group 2: Personal Transformation - A significant life crisis occurred in the summer of 2020, leading to a collapse of the established career and a deep existential reflection [1] - The individual found solace and a sense of freedom living in a yurt in the boreal forest, emphasizing a return to nature and simplicity [1] - The experience led to a profound realization about the nature of true wealth and happiness, contrasting material possessions with spiritual fulfillment [1]

Core Insights - The company is currently operating nine drill rigs as part of a fully funded 70,000-metre drill program for 2025, with seven rigs at the Guayabales Project and two at the San Antonio Project [1][2] - The drilling program aims to expand the high-grade Ramp Zone and test new targets, with significant results already reported from recent drilling activities [4][13] Drilling Program Details - Approximately 123,000 metres of diamond drilling has been completed at the Guayabales Project, including 85,000 metres specifically at the Apollo system [2] - The company plans to mobilize two additional deep capacity rigs to the Guayabales Project to further explore the high-grade Ramp Zone [1][4] Mineralization Findings - Continuous high-grade tungsten has been found alongside copper, gold, and silver mineralization at the Apollo system, which is expected to enhance the project's economic viability [3][12] - Recent drilling results have shown significant intersections of high-grade mineralization, including: - 91.00 metres at 3.04 g/t AuEq from 56.15 metres down hole [7] - 124.00 metres at 3.03 g/t AuEq from surface [12] - The shallow drilling program at Apollo is over 50% complete, with results indicating high-grade gold, tungsten, copper, and silver mineralization [7][9] Future Plans and Objectives - The company aims to improve the overall grade of the Apollo system by systematically testing newly modeled high-grade sub-zones and expanding the Ramp Zone [6][13] - New grassroots targets, including the Knife and X, are set to be drilled soon, alongside ongoing work at the San Antonio project [4][13] Company Background - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [11][14] - The company was founded by a team that previously developed and sold Continental Gold Inc. for approximately $2 billion [11]

Company Overview - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects located in Caldas, Colombia [4] - The company was founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value [4] - Management and insiders own approximately 33.4% of the outstanding shares, aligning their interests with shareholders [6] Recent Developments - Collective Mining will be added to the MSCI Canada Small Cap Index, effective after the close of trading on May 30, 2025 [1] - The addition to the index was announced by MSCI Inc. on May 13, 2025, following their index review [1][2] Project Highlights - The flagship project, Guayabales, is anchored by the Apollo system, which hosts large-scale, bulk-tonnage, and high-grade mineralization [5] - The company's objectives include improving the overall grade of the Apollo system, expanding the system along strike, and drilling newly generated targets [5]

Core Viewpoint - The company is advancing its drilling program at the San Antonio Project, with significant potential for discovering a copper-gold rich porphyry system, particularly at the Pound target, where drilling is set to intensify in 2025 [2][5][9]. Drilling Program - The company has nine drill rigs operating as part of a fully funded 70,000-metre drill program for 2025, with two rigs at the San Antonio Project and seven at the Guayabales Project [1]. - Two additional deep capacity rigs are being mobilized to the Guayabales Project, expected to begin testing the high-grade Ramp Zone in early Q3 2025 [1]. San Antonio Project Highlights - Detailed surface prospecting and drilling have increased the potential of the San Antonio Project to host a copper-gold rich porphyry system [2]. - The Pound target covers an area of 650 metres x 550 metres and remains open for further expansion, with previous drilling in 2021 showing promising results [5][9]. - The SAC-11 hole intersected 290 metres of gold-copper rich porphyry vein stockwork mineralization, with assays highlighting 290.20 metres at 0.84 g/t gold equivalent [5][6]. Assay Results - SAC-10 returned 353.85 metres at 0.51 g/t gold equivalent, including 77.05 metres at 1.01 g/t gold equivalent [6]. - The assays from SAC-11 included significant intervals of mineralization, with notable grades of gold and copper [5][6]. Future Plans - The company plans to drill test four additional porphyry targets (Pound, Real, COP, and Euro) in 2025, with the Real target located 400 metres northwest of Pound [9]. - The next phase of the drilling program at the Trap Main Zone is scheduled to begin in H2 2025 [10]. Company Background - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [12]. - The company is listed on both the NYSE and TSX under the trading symbol "CNL" [13].

Core Viewpoint - The ongoing gold rally has led to increased investor interest in mining stocks, with RUA GOLD Inc. and other companies reporting significant progress in their projects as gold prices reach record highs [1][2]. Group 1: Gold Market Dynamics - Gold prices have surpassed $3,200, prompting analysts at UBS and Deutsche Bank to raise their projections to $3,500 and $3,700 respectively [2]. - The macroeconomic environment is contributing to rising gold prices, which have shown parabolic growth [2]. Group 2: RUA GOLD Inc. Developments - RUA GOLD has reported improving gold grades at its Auld Creek project in New Zealand, with significant results from recent drilling [3][8]. - The drilling results include intersections such as 9m at 5.9g/t AuEq and 1.25m at 48.3g/t AuEq, indicating a positive trend in gold grades with depth [8][12]. - The company is focused on expanding its resource base, with ongoing drilling targeting both northern and southern extensions of the Fraternal ore body [6][13]. Group 3: Antimony Market Insights - Antimony is increasingly valuable due to its applications in various sectors, including renewable energy and technology [7]. - The price of antimony has surged to over $50,000 per tonne, a significant increase from $11,350 per tonne at the beginning of 2024, reflecting heightened demand [10]. - Antimony is designated as a critical mineral by several countries, including the US, EU, and New Zealand, emphasizing its strategic importance [9][10]. Group 4: Exploration Potential - RUA GOLD's Auld Creek project has an inferred resource of 700,000 tonnes at 3.1g/t Au and 1.1% Sb, with potential for additional discoveries indicated by soil geochemistry [12]. - The project is situated between two past producing mines, enhancing its exploration potential [11].

Company Information - Collective Mining Ltd. filed its report under Form 40-F for the month of March 2025[3] - The principal executive office is located at 82 Richmond Street East, 4th Floor, Toronto, Ontario, Canada[2] Report Details - The report was signed by Paul Begin, Chief Financial Officer and Corporate Secretary, on March 26, 2025[7]