Collective Mining Business Summary

Collective Mining Ltd. (CNL) is a pre-revenue mineral exploration company specializing in the discovery and advancement of district-scale gold, silver, copper, and tungsten deposits in Caldas, Colombia. Its business model focuses on capital appreciation through high-impact exploration and resource definition, primarily within its flagship Guayabales Project—anchored by the Apollo porphyry system—and the San Antonio Project. As of March 2026, the company is executing a fully funded 100,000-meter diamond drilling campaign to expand the high-grade "Ramp Zone" and "Target X" discoveries, targeting a maiden mineral resource estimate (MRE) in the first half of 2027. Collective competes for institutional investment and regional resources against peers such as Aris Mining, Orla Mining, SSR Mining, and K92 Mining, distinguishing itself as a top-tier exploration-stage player with a strategic "Western-aligned" presence in an established mining camp. The company is led by a management team with a proven track record of Colombian mining success, specifically the founders of Continental Gold Inc., which was sold to Zijin Mining for $2 billion. Executive Chairman Ari Sussman, the former CEO of Continental Gold, provides strategic direction alongside CEO Ned Jalil, who oversees the current phase of disciplined project execution. The technical leadership was recently strengthened on March 1, 2026, with the appointment of Russell Evans as Executive Vice President of Exploration, a veteran of Newmont and Vedanta. Key leadership also includes CFO Paul Begin and EVP Carlos Andrés Santos. Collective is backed by a strong institutional shareholder base, most notably strategic investor Agnico Eagle Mines Limited, and its board features prominent figures such as Maria Constanza García Botero and Ashwath Mehra.