Collective Mining Ltd. (CNL) Form 6-K — Sep 8, 2026
Collective Mining announced a maiden Mineral Resource for its Apollo deposit at the 100%-owned Guayabales Project in Caldas, Colombia: 2.58 million ounces AuEq in the Indicated category (37.0 Mt at 2.17 g/t AuEq) and 2.83 million ounces AuEq Inferred (48.2 Mt at 1.83 g/t AuEq). The resource includes a high-grade, open-pit component of 22.5 Mt at 2.06 g/t AuEq Indicated at an attractive 3.4:1 strip ratio, plus a high-grade underground Ramp Zone averaging 5.37 g/t AuEq Inferred. Roughly 40,000 meters of drilling completed since the March 31, 2026 database cut-off is excluded from the estimate, leaving substantial near-term growth potential with thirteen rigs active.
Key figures
- Pea target
- H2 2028
- Royalty rate
- 3.20%
- Database cutoff
- March 31, 2026
- Inferred resource
- 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq
- Insider ownership
- 45.2%
- Open pit inferred
- 25.9 Mt @ 0.86 g/t AuEq for 0.71 Moz AuEq
- Indicated resource
- 37.0 Mt @ 2.17 g/t AuEq for 2.58 million oz AuEq
- Open pit indicated
- 22.5 Mt @ 2.06 g/t AuEq for 1.49 Moz AuEq
- Ramp zone inferred
- 6.04 Mt @ 5.37 g/t AuEq for 1.04 Moz AuEq
- Ramp zone indicated
- 1.29 Mt @ 4.74 g/t AuEq for 0.20 Moz AuEq
- Drill holes in model
- 265
- Drill rigs operating
- 13
- Open pit strip ratio
- 3.4:1
- Gold price assumption
- US$3,000/oz
- Copper price assumption
- US$5.25/lb
- Resource effective date
- August 31, 2026
- Silver price assumption
- US$60/oz
- Updated resource target
- Q1 2028
- Drilling meters in model
- 114520
- Feasibility study target
- Mid 2029
- Tungsten price assumption
- US$93.31/lb WO3
- Contained gold inferred moz
- 2.47 Moz Au
- Post cutoff drilling meters
- 40000
- Contained gold indicated moz
- 1.64 Moz Au
- Contained tungsten indicated
- 3,887 tonnes WO3
- Contained copper indicated mlb
- 115 Mlb Cu
- Contained silver indicated moz
- 29.0 Moz Ag
- Early works construction target
- H2 2029
- Environmental license application target
- H2 2027
AI analysis
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