Core Viewpoint - Collective Mining Ltd. strongly denies the allegations made in a recent short thesis report, asserting that all exploration activities are conducted in compliance with Colombian laws and regulations [1][3]. Company Operations - Collective Mining has been operating in Colombia since its incorporation in 2020, focusing on the Guayabales and San Antonio projects, which are located in an established mining camp with no major environmental restrictions [2][10]. - The company has a fully funded drilling program of 70,000 meters for 2025, currently operating 10 rigs, and plans to mobilize a third rig to the San Antonio project by the end of August [8]. Legal Compliance - The company emphasizes that its exploration work is legal and transparent, with all mining titles valid and in good standing. Incomplete cells, which are common in Colombia's mining industry, do not affect the legality of the company's operations [3][4]. - The Colombian authorities have confirmed that incomplete cells will be integrated into the company's mining title once the necessary software updates are completed [3]. Technical Aspects - Drilling activities may occur outside the boundaries of mining titles as permitted by Colombian law, aimed at fulfilling technical requirements for understanding geological systems [4][5]. - The Apollo system, part of the Guayabales project, is located in a well-established mining area with ten permitted and operating mines within a three-kilometer radius [5][11]. Exploration Strategy - The company aims to improve the overall grade of the Apollo system by systematically testing newly modeled high-grade sub-zones and expanding the system along strike [11]. - Collective Mining is also focused on exploring the San Antonio project for a large bulk-tonnage porphyry system, marking its largest drilling campaign to date [11].
Collective Mining Categorically Rejects the Erroneous Allegations Made Against the Company