Core Viewpoint - Collective Mining Ltd. is actively engaged in a multi-hole drill program targeting high-grade tungsten-rich zones at the Apollo system, which is part of the Guayabales Project in Caldas, Colombia. The Apollo system is noted for its significant mineralization, including gold, silver, copper, and tungsten, with drilling revealing continuous mineralization extending over 1,300 vertical meters [1][3]. Drilling and Mineralization - The ongoing drilling program has completed 143,500 meters across the Guayabales and San Antonio projects, with 103,000 meters specifically at the Apollo system. Ten drilling rigs are currently operational, and multiple high-priority holes are pending assay results [3][5]. - Assay results from previous drill holes into the tungsten-rich zones have shown promising grades, with tungsten prices reaching an all-time high of US$703 per metric tonne unit, indicating strong market demand [4][3]. Financial Position - As of October 20, 2025, the company has US$145 million in cash, which fully funds its aggressive drilling program planned for 2026, targeting up to 100,000 meters of additional drilling [5]. Project Overview - The Guayabales Project, anchored by the Apollo system, is characterized as a district-scale, multi-target project with rich infrastructure. The company aims to expand the high-grade Ramp Zone and explore new targets within the property [8][9]. - The San Antonio Project is also undergoing its largest drilling campaign in history, focusing on new discoveries and expanding the porphyry system at the Pound target, which is strategically located near the Guayabales Project [9]. Management and Ownership - Management, insiders, and a strategic investor collectively own 45.3% of the outstanding shares, aligning their interests with those of shareholders [10].
Collective Mining Announces that Drilling is Underway to Target the Near Surface and Tungsten Rich Portion of Apollo