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Collective Mining Unveils Groundbreaking 2024 Sustainability Report

In an exciting development, Collective Mining Ltd. (NYSE: CNL) has announced the release of its 2024 Sustainability Report, marking the fourth edition of its comprehensive assessment of environmental, social, and governance (ESG) performance. This important document provides an in-depth look at the Company's achievements and initiatives in the Department of Caldas, Colombia.

The report highlights Collective Mining's ongoing commitment to responsible exploration and its exemplary safety record. Notably, the Company achieved zero lost time injuries throughout 2024, maintaining a Total Recordable Injury Frequency Rate (TRIFR) of 0%. This remarkable feat underscores the strong safety culture that the company has cultivated.

Key Achievements in the Report

The 2024 Sustainability Report showcases a series of notable accomplishments:
1. Employment Growth: Collective Mining experienced a staggering 70% increase in direct local employment year-over-year. This growth reflects the Company’s preparation for an advanced exploration stage and its positive impact on local communities.
2. Investment in Social Programs: The Company has invested over US$410,000 directly into social programs, benefitting more than 2,000 individuals in its area of influence. This investment was further supplemented by a generous 43% contribution from strategic partners.
3. Diversity and Inclusion: The report highlighted a significant 24.6% female participation rate across employees and contractors, with 40% of the Board of Directors comprising female members. Such statistics underline the Company’s commitment to inclusion and gender equity within the workplace.
4. Environmental Stewardship: Collective Mining achieved zero environmental fines or non-compliance events during the year, offsetting 1,200 tonnes of CO₂ through conservation efforts. Protecting 103,022 hectares of forest demonstrates the Company's dedication to preserving the environment.
5. Community Initiatives: The Company actively engages in strategic community initiatives, forming 33 regional partnerships while supporting local coffee farmers and providing training for women. These programs have aided the construction of rural roadways and granted clean water access to 1,700 individuals.

Ned Jalil, Chief Executive Officer of Collective Mining, noted, "2024 marked a defining year for Collective Mining. Fueled by strong momentum, expanding discoveries, and deepening partnerships, we continued to prove that responsible exploration rooted in collaboration with local communities can serve as a true engine for regional development."

Future Plans

As Collective Mining moves forward, it is setting ambitious goals, launching a 70,000-meter drilling program, and making strides at its flagship projects, Guayabales and San Antonio. The Company aims to establish a long-term foundation for sustainable value creation in Caldas.

For more in-depth insights and detailed information, the full report is accessible on the Company's official website at Collective Mining Sustainability.

About Collective Mining Ltd.

Founded by a team renowned for developing and selling Continental Gold Inc. to Zijin Mining for approximately $2 billion, Collective Mining focuses on gold, silver, copper, and tungsten exploration in Caldas, Colombia. Its flagship project, Guayabales, is distinguished by the Apollo system, known for its large-scale and high-grade mineralization.

By maintaining a strategic focus on sustainability and community engagement, Collective Mining is poised to lead the way in responsible mineral exploration.