Collective Mining files maiden resource estimate at Apollo, Guayabales

Canada NewsWire

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.

Ari Sussman, Executive Chairman, commented : "The scale and grade of Apollo's maiden Mineral Resource establish a strong foundation for what we believe will become a major