#Colombia #Collective Mining #Caldas #Apollo #Tungsten

Drilling Commences at Collective Mining's Apollo Project

Collective Mining Ltd. (NYSE: CNL) is thrilled to announce that its multi-hole drilling program is now actively targeting the tungsten-rich zones at its Apollo site in Caldas, Colombia. This excitement stems from Apollo's impressive geological profile, featuring high-grade deposits of tungsten intertwined with gold, silver, and copper.

Apollo: An Overview

Apollo is not just any mining site; it represents a substantial intrusion-related system, significantly enriched in valuable minerals. The program is focusing on the surface and near-surface areas of this system, which have shown promising results in past drilling activities. Initial results indicate that mineralization can be traced continuously from the surface down to over 1,300 vertical meters, and drilling has revealed that the considerably high-grade Ramp Zone remains unexplored at greater depths.

Currently, ten drilling rigs are down in productive locations, with multiple priority holes still awaiting assay results that are expected in December. Given the current market demand, the relevance of tungsten has never been more significant, especially as APT 88.5% tungsten now trades at an unprecedented high of $703 per metric tonne unit.

Advancements in Drilling Program

Recent developments in the drilling program include step-out and infill drilling designed to enhance both the extent of the tungsten-rich zones and the confidence in the mineral resources already defined at Apollo. Preliminary visual logs from the drilling show an abundance of coarse scheelite, a crucial tungsten mineral, alongside copper-rich minerals such as chalcopyrite and bornite.

Ari Sussman, the Executive Chairman of Collective Mining, shared insights regarding the project: "The transformational nature of Apollo, as Colombia’s first hard-rock tungsten discovery, has intensified interest from local authorities in its potential for contributing to the critical minerals supply chain. With substantial tungsten demand in the Americas, our system can supply this market at an ideal pace."

To date, the company boasts significant progress, having completed a total of 143,500 meters of diamond drilling across its projects, including 103,000 meters at Apollo alone. This extensive drilling effort has culminated in the project's reputation as one of the most promising mining ventures in the region.

Additionally, plans for aggressive further exploration in 2026 have been established, targeting an impressive 100,000 meters to be drilled, ensuring sustained development in the upcoming year.

Future Goals and Objectives

The company has ambitious goals for the Guayabales Project, particularly focusing on expanding the newly discovered high-grade Ramp Zone along its strike length and ongoing exploration of greenfield targets on-site. Furthermore, Collective Mining is also concentrating efforts on its San Antonio Project, aiming to uncover new discoveries that will complement their already rich portfolio of mineral resources.

The strategic positioning of San Antonio, located a few kilometers further from Guayabales, offers the potential for shared operational infrastructure, which may further enhance the efficiency of Collective Mining's activities.

By maintaining strong alignment with the shareholders— evidenced by the fact that management, insiders, and strategic backers own over 45% of shares—Collective Mining stands poised for success.

As of October 20, 2025, the company is financially stable with a robust cash reserve of $145 million, a positioning that is crucial for its ambitious exploration and drilling endeavors.

Conclusion

In summary, Collective Mining's Apollo Project is more than just a promising site; it exemplifies the company’s commitment to leveraging Colombia’s rich mineral resources. As exploration advancements continue to unfold, stakeholders await the results with anticipation. To follow the ongoing updates and company presentations, interested parties can visit Collective Mining's website.

Don't miss out on future developments; stay informed as the drilling program progresses and the potential of the Apollo Project is fully realized.