Live News • Aug 19
Collective Mining Completes Guayabales Access Road Sets Timeline for Adit and Drilling Collective Mining has completed a 1.8 kilometer access road at its Guayabales Project in Caldas, Colombia and plans to start construction of an exploration adit in Q4 2026, with underground drilling at the Trap East target scheduled for Q1 2027.
The underground drilling program is planned to test several zones including Trap, Apollo's Ramp Zone and Plutus, which could help refine the mineralization model and inform future development options at Guayabales.
Collective Mining shares trade at about CA$20.19, with the stock up 19.2% over the past 30 days.
This update provides a clearer view of Collective Mining’s project timeline and technical focus. The main watchpoint is execution on the adit and drilling schedule, since any delays or technical setbacks could affect how quickly the company can define and evaluate the underground targets. Announcement • Aug 19
Collective Mining Advances Guayabales Exploration Adit Toward Fourth Quarter 2026 Construction and Underground Drilling At Trap to Commence in First Quarter 2027 Collective Mining Ltd. has reported that considerable progress has been made across the engineering, site preparation, and operational readiness workstreams required to support the development of the exploration adit at the Company's Guayabales Project in Caldas, Colombia. With the 1.8-kilometer access road now complete, the Company is advancing immediately into portal platform and box-cut activities. The exploration adit is on schedule for commencement of construction in Fourth Quarter 2026 and underground exploration drilling at Trap beginning in First Quarter 2027. A 1.8-kilometer switch-back access road connecting the Pan American Highway to the proposed exploration adit portal has been completed; portal platform and box-cut activities are set to begin immediately. With all required permits in hand, construction of the exploration adit remains on track to commence in Fourth Quarter 2026. Underground exploration drilling is expected to begin in First Quarter 2027 at the newly identified Trap East greenfield target, marking the start of an underground exploration program designed to systematically test Trap, Apollo's Ramp Zone and Plutus. A 1.8-kilometer access road to the portal location has been completed by upgrading an existing path from the Pan American Highway. The road now reaches the planned portal area, enabling immediate commencement of a box-cut and portal platform construction. Early works remain aligned with the Company's execution schedule, which targets the start of adit construction in Fourth Quarter 2026. Under the current timeline, initial underground drilling of the newly generated greenfield target Trap East is scheduled for First Quarter 2027. Drilling of the Trap Main System is expected to begin in Second Half 2027 once the adit has advanced sufficiently to allow construction of a cross-cut, followed by drilling of both the Plutus Target and the Ramp Zone in 2028. The selected portal location and access-road alignment lie within the area anticipated for future project infrastructure. Proximity to the Pan American Highway and existing power infrastructure will support efficient execution of the current exploration program and longer-term project planning. Consistent with the Collective Way, the Company is prioritizing local employment and procurement opportunities. Much of the current early works program workforce has been sourced from communities within the Department of Caldas. All activities are being completed in accordance with the Company's health and safety standards. Safety measures have been embedded into the engineering designs, contractor management and execution plans. The Company continues to advance according to all applicable regulations required by regional authorities to support current and future phases of the project. Mineralization at the Trap system outcrops at surface and has been sparsely drill tested along a 1,400-meter-long northwest-southeast directed corridor. The system extends up to 900 meters vertically below surface, and remains open along strike and at depth. Notably, the planned exploration adit is positioned to intersect the currently known southeastern end of the Trap mineralized corridor. The Company currently has one rig testing for mineralization extending up to 200 meters further northwest than all prior drilling, with initial results expected in late September. Previously announced drilling highlights demonstrated both broad zones of continuous mineralization and discrete high-grade vein zones, including: 632.25 meters at 1.10 g/t AuEq from 172.65 meters, including 51.50 meters at 2.73 g/t AuEq and 46.35 meters at 2.41 g/t AuEq (TRC-7A); 646.00 meters at 0.81 g/t AuEq from 19.50 meters, including 301.50 meters at 1.01 g/t AuEq (TRC-2); 174.45 meters at 1.19 g/t AuEq from 485.15 meters, including 40.85 meters at 3.76 g/t AuEq (TRC-11); 30.00 meters at 4.96 g/t AuEq from 11.85 meters (TRC-14); 200.85 meters at 1.06 g/t AuEq from 4.55 meters, including 40.50 meters at 4.01 g/t AuEq (TRC-30); 2.80 meters at 234.15 g/t gold from 122.00 meters, including 0.80 meters at 816 g/t gold (TRC-26); 1.30 meters at 49.30 g/t gold from 18.15 meters (TRC-25). AuEq values are presented as originally reported in the applicable press releases. Please reference the corresponding release for further details on the metal-equivalent calculations. Recent Insider Transactions Derivative • Aug 16
Lead Independent Director exercised options to buy CA$4.1m worth of stock. On the 13th of August, Ashwath Mehra exercised options to buy 200k shares at a strike price of around CA$2.90, costing a total of CA$580k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Ashwath currently holds 1.43m shares (0.015463744054623883 of the company). This was the only transaction from an insider over the last 12 months. 
