# Collective Mining Announces Maiden Mineral Resource for its Apollo Deposit at the Guayabales Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d Original source: https://orestocks.com/company/CNL.TO/press-releases/6849572154464829 Publisher: orestocks Original announcement: 2026-09-08T20:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Collective Mining Ltd. - Ticker: CNL.TO - Exchange: Unavailable - Region: Caldas, Colombia - Primary commodity: Gold - Secondary commodities: Silver, Copper, Tungsten - Document categories: Resource update, Drill results, Metallurgy - Extracted: 2026-09-08 20:51:00 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Collective Mining announced a maiden Mineral Resource for its Apollo deposit, reporting 2.58 million ounces AuEq Indicated and 2.83 million ounces AuEq Inferred. The resource includes high-grade open pit and underground components, with gold, silver, copper, and tungsten contributing to the AuEq grade. The company highlights significant growth opportunities beyond the current resource boundaries, with 40,000 meters of drilling completed since the cut-off date, and plans to accelerate environmental and technical studies for an environmental license application in H2 2027. Reasoning: Collective Mining announced a substantial maiden Mineral Resource for its Apollo deposit, featuring significant indicated and inferred gold equivalent ounces across open pit and underground zones. The resource demonstrates high grades, particularly in the underground Ramp Zone, and includes meaningful contributions from silver, copper, and tungsten. The estimate is supported by NI 43-101 compliance, QP sign-off, and positive metallurgical test results, with clear growth potential identified by recent drilling not yet incorporated. - Positive factor: Maiden Mineral Resource establishes a significant gold equivalent resource - Positive factor: High-grade open pit and underground components identified - Positive factor: Strong M&I percentage for a maiden resource \(43% of total AuEq ounces\) - Positive factor: Significant contained metal for gold, silver, copper, and tungsten - Positive factor: Resource remains open with substantial growth opportunities identified by recent drilling - Positive factor: Metallurgical test work indicates high recoveries for all metals using conventional methods - Positive factor: QP/CP sign-off and NI 43-101 compliance provide high confidence in the estimate - Negative factor: Significant portion of the resource is Inferred \(52% of total AuEq ounces\) - Negative factor: Approximately 40,000 meters of drilling completed since cut-off not included in current MRE - Negative factor: Some drill results are reported as apparent width only, with no true width stated Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 103 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document explicitly states this is the 'Maiden Mineral Resource for its Apollo deposit'. Evidence · text > Maiden Mineral Resource for its Apollo deposit **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Mineral Resource was prepared by Ivor W.O. Jones, FAusIMM, P.Geo. \(APEGBC\), who is an independent Qualified Person as defined by National Instrument 43-101. Evidence · text > The Mineral Resource was prepared by Ivor W.O. Jones, FAusIMM, P.Geo. \(APEGBC\), who is an independent Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects \("NI 43-101"\). **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Resource and the scientific and technical information relating to the Mineral Resource in this news release were prepared by Ivor W.O. Jones, FAusIMM, P.Geo. \(APEGBC\), an independent Qualified Person as defined by NI 43-101. Evidence · text > The Mineral Resource and the scientific and technical information relating to the Mineral Resource in this news release were prepared by Ivor W.O. Jones, FAusIMM, P.Geo. \(APEGBC\), an independent Qualified Person as defined by NI 43-101. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The document reports 'Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq'. Evidence · text > Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Metallurgical test work returned recovery rates of 95% for gold, 92% for silver, and 85% for copper, which are at or above the exceptional band for conventional processing. Evidence · text > locked-cycle returning recovery rates of 95% for gold, 92% for silver and 85% for copper **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: The metallurgical section mentions 'locked-cycle returning recovery rates', which is a strong test scale. Evidence · text > locked-cycle returning recovery rates of 95% for gold, 92% for silver and 85% for copper **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: For drill results not included in the MRE, the note states 'true widths have not been established' for APC-165 and APC-169D, and for others, 'the stated true-width estimate is 60%–100% of core length', but no specific true width is given. Evidence · text > For APC-165 and APC-169D, true widths have not been established; for the other listed intervals, the stated true-width estimate is 60%–100% of core length. **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: Table 10 lists drill results with 'Original Disclosure Date' prior to the resource cut-off of March 31, 2026, indicating these are historical results being re-presented. Evidence · table > March 15, 2022 Context: OLCC-3 **Metal Equivalent Opaque** Polarity: negative Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Why it applies: The AuEq calculation is fully disclosed in Note 7, including metal prices and metallurgical recoveries. Evidence · text > AuEq = \(\(Au g/t x 0.95\) + \(Ag g/t x 0.020 x 0.92\) + \(Cu % x 1.20 x 0.85\) + \(WO3% x 21.33 x 0.70\)\) / 0.95, using metal prices of US$3,000/oz gold, US$60/oz silver, US$5.25/lb copper and US$93.31/lb WO3\(equivalent to US$2,057/mtu WO3\), and metallurgical recoveries of 95% for gold, 92% for silver, 85% for copper and 70% for WO3. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The reporting cut-offs for open pit and underground resources are clearly stated in Table 1 and Table 8. Evidence · table > 0.3 Context: Open Pit **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("CIL"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) ## Extracted facts Stored fact records: 103. Some facts used in scoring do not have a stored record. ## Drill Results (5) ### APC140-D5 [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-drill-facts-38) Apollo · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: APC140-D5 - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: colombia - Ticker: CNL.TO #### Geometry - Grade: 4.61 - Grade Unit: g/t - Intercept: 23.15 m - From: 396.15 m - To: 419.3 m - Intercept Depth: 396.15 m #### Classification - Sample Type: drill - Group ID: APC140-D5:396.15-419.3 #### Location - Location: Ramp Zone West - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-06T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This historical intercept of 23.15m at 4.61 g/t Au is an exceptional high-grade result, confirming strong gold mineralization in the Ramp Zone West. - Positive factor: Exceptional gold grade - Positive factor: Significant intercept length - Positive factor: High-grade mineralization in Ramp Zone - Negative factor: True width not established - Negative factor: Historical data re-reported Evidence · table > 4.61 Context: 23.15 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### APC140-D5 [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-drill-facts-39) Apollo · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: APC140-D5 - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: colombia - Ticker: CNL.TO #### Geometry - Grade: 11 - Grade Unit: g/t - Intercept: 23.15 m - From: 396.15 m - To: 419.3 m - Intercept Depth: 396.15 m #### Classification - Sample Type: drill - Group ID: APC140-D5:396.15-419.3 #### Location - Location: Ramp Zone West - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-06T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The historical silver grade of 11 g/t over 23.15m provides a minor byproduct credit in the high-grade Ramp Zone West. - Positive factor: Silver grade present - Positive factor: Significant intercept length - Positive factor: High-grade mineralization in Ramp Zone - Negative factor: True width not established - Negative factor: Historical data re-reported Evidence · table > 11 Context: 23.15 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### APC-168 [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-drill-facts-40) Apollo · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: APC-168 - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: colombia - Ticker: CNL.TO #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 50.1 m - From: 1.9 m - To: 52 m - Intercept Depth: 1.9 m #### Classification - Sample Type: drill - Group ID: APC-168:1.9-52 #### Location - Location: SHZ - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-06T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The historical copper grade of 0.01% over 50.10m is a minor contribution to the overall AuEq value. - Positive factor: Copper grade present - Positive factor: Significant intercept length - Positive factor: Near-surface mineralization - Negative factor: True width not established - Negative factor: Historical data re-reported Evidence · table > 0.01 Context: 50.10 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### APC-168 [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-drill-facts-41) Apollo · tungsten Historical result Needs review: historical\_restatement #### Identity - Hole ID: APC-168 - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: colombia - Ticker: CNL.TO #### Geometry - Grade: 0.001 - Grade Unit: % - Intercept: 50.1 m - From: 1.9 m - To: 52 m - Intercept Depth: 1.9 m #### Classification - Sample Type: drill - Group ID: APC-168:1.9-52 #### Location - Location: SHZ - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-06T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The historical tungsten grade of 0.001% WO3 over 50.10m is a minor contribution to the overall AuEq value. - Positive factor: Tungsten grade present - Positive factor: Significant intercept length - Positive factor: Near-surface mineralization - Negative factor: True width not established - Negative factor: Historical data re-reported Evidence · table > 0.001 Context: 50.10 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### APC-168 [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-drill-facts-42) Apollo · gold\_equivalent Historical result Needs review: historical\_restatement #### Identity - Hole ID: APC-168 - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: colombia - Ticker: CNL.TO #### Geometry - Grade: 0.48 - Grade Unit: g/t - Intercept: 50.1 m - From: 1.9 m - To: 52 m - Intercept Depth: 1.9 m #### Classification - Sample Type: drill - Group ID: APC-168:1.9-52 #### Location - Location: SHZ - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks, duplicates, check\_assays #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-06T00:00:00.000Z #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: This historical intercept of 50.10m at 0.48 g/t AuEq is a weak result for the Shallow Halo Zone, indicating lower-grade mineralization. - Positive factor: Significant intercept length - Positive factor: Near-surface mineralization - Negative factor: Weak gold equivalent grade - Negative factor: True width not established - Negative factor: Historical data re-reported Evidence · table > 0.48 Context: 50.10 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (98) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-0) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 2.17 - Grade Unit: g/t - Contained Metal: 2.58 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · text > Indicated Mineral Resources of 37.0 Mt @ 2.17 g/t AuEq for 2.58 million oz AuEq #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-1) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 1.38 - Grade Unit: g/t - Contained Metal: 1.64 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated gold resource of 1.64 Moz at 1.38 g/t contributes significantly to the overall project value and confidence. - Positive factor: Significant contained gold ounces in the indicated category - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.38 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-2) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 24.4 - Grade Unit: g/t - Contained Metal: 29 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated silver resource of 29.0 Moz at 24.4 g/t provides a valuable byproduct credit to the project economics. - Positive factor: Significant contained silver ounces in the indicated category - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 24.4 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-3) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 0.14 - Grade Unit: % - Contained Metal: 115 - Contained Unit: Mlb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated copper resource of 115 Mlb at 0.14% adds to the polymetallic nature and economic potential of the deposit. - Positive factor: Significant contained copper in the indicated category - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.14 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-4) Apollo · tungsten #### Identity - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 0.011 - Grade Unit: % - Contained Metal: 3887 - Contained Unit: tonnes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated tungsten resource of 3,887 tonnes at 0.011% WO3 contributes to the overall metal endowment and critical mineral exposure. - Positive factor: Contained tungsten adds to the polymetallic nature of the deposit - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.011 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-5) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 1.83 - Grade Unit: g/t - Contained Metal: 2.83 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · text > Inferred Mineral Resources of 48.2 Mt @ 1.83 g/t AuEq for 2.83 million oz AuEq #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-6) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 2.47 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred gold resource of 2.47 Moz at 1.60 g/t represents substantial exploration upside, pending further drilling to upgrade confidence. - Positive factor: Significant contained gold ounces in the inferred category - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 1.60 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-7) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 8.39 - Grade Unit: g/t - Contained Metal: 13 - Contained Unit: Moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred silver resource of 13.0 Moz at 8.39 g/t adds to the polymetallic potential, but requires further work to increase confidence. - Positive factor: Contained silver ounces in the inferred category - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 8.39 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-8) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 0.03 - Grade Unit: % - Contained Metal: 32 - Contained Unit: Mlb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred copper resource of 32 Mlb at 0.03% contributes to the overall metal endowment, but is a lower grade and confidence. - Positive factor: Contained copper in the inferred category - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-9) Apollo · tungsten #### Identity - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 0.002 - Grade Unit: % - Contained Metal: 1081 - Contained Unit: tonnes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred tungsten resource of 1,081 tonnes at 0.002% WO3 is a minor contribution to the overall resource and requires further definition. - Positive factor: Contained tungsten adds to the polymetallic nature of the deposit - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.002 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-10) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 2.06 - Grade Unit: g/t - Contained Metal: 1.49 - Contained Unit: Moz - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated open pit resource of 1.49 Moz AuEq at 2.06 g/t is a strong, high-grade component of the maiden MRE, suitable for open pit mining. - Positive factor: High-grade open pit resource with significant contained ounces - Positive factor: QP/CP sign-off and NI 43-101 compliance - Positive factor: Attractive strip ratio of 3.4:1 Evidence · text > 22.5 Mt @ 2.06 g/t AuEq Indicated, for 1.49 million oz AuEq #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-11) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 1.02 - Grade Unit: g/t - Contained Metal: 0.74 - Contained Unit: Moz - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated open pit gold resource of 0.74 Moz at 1.02 g/t is a substantial component, contributing to the overall economic viability. - Positive factor: Significant contained gold ounces in the indicated open pit resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.02 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-12) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 30.2 - Grade Unit: g/t - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated open pit silver grade of 30.2 g/t provides a valuable byproduct credit, enhancing the project's economics. - Positive factor: Significant silver grade in the indicated open pit resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 30.2 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-13) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 0.2 - Grade Unit: % - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated open pit copper grade of 0.20% contributes to the polymetallic nature and economic potential of the deposit. - Positive factor: Significant copper grade in the indicated open pit resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.20 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-14) Apollo · tungsten #### Identity - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 0.015 - Grade Unit: % - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated open pit tungsten grade of 0.015% WO3 contributes to the overall metal endowment and critical mineral exposure. - Positive factor: Contained tungsten adds to the polymetallic nature of the deposit - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.015 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-15) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 0.71 - Contained Unit: Moz - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred open pit resource of 0.71 Moz AuEq at 0.86 g/t provides future growth potential, but with lower confidence and grade than the indicated portion. - Positive factor: Significant inferred open pit resource with contained ounces - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · text > 25.9 Mt @ 0.86 g/t AuEq Inferred, for 0.71 million oz AuEq #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-16) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: Moz - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred open pit gold resource of 0.50 Moz at 0.60 g/t offers exploration upside, but is lower grade and confidence than the indicated portion. - Positive factor: Contained gold ounces in the inferred open pit resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.60 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-17) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 8.98 - Grade Unit: g/t - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred open pit silver grade of 8.98 g/t provides a byproduct credit, but with lower confidence. - Positive factor: Silver grade in the inferred open pit resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 8.98 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-18) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred open pit copper grade of 0.03% is a minor contribution to the overall resource and requires further definition. - Positive factor: Copper grade in the inferred open pit resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-19) Apollo · tungsten #### Identity - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 0.003 - Grade Unit: % - Cutoff Grade: 0.3 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred open pit tungsten grade of 0.003% WO3 is a minor contribution to the overall resource and requires further definition. - Positive factor: Contained tungsten adds to the polymetallic nature of the deposit - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.003 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-20) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 13200000 - Grade: 2.1 - Grade Unit: g/t - Contained Metal: 0.89 - Contained Unit: Moz - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated underground resource above 1,000 masl of 0.89 Moz AuEq at 2.10 g/t represents a valuable high-grade component of the MRE. - Positive factor: Significant indicated underground resource with high gold equivalent grade - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 2.10 Context: 13.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-21) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 13200000 - Grade: 1.68 - Grade Unit: g/t - Contained Metal: 0.71 - Contained Unit: Moz - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated underground gold resource of 0.71 Moz at 1.68 g/t is a strong contributor to the overall project value. - Positive factor: Significant contained gold ounces in the indicated underground resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.68 Context: 13.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-22) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 13200000 - Grade: 15.9 - Grade Unit: g/t - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated underground silver grade of 15.9 g/t provides a byproduct credit, enhancing the project's economics. - Positive factor: Silver grade in the indicated underground resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 15.9 Context: 13.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-23) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 13200000 - Grade: 0.06 - Grade Unit: % - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated underground copper grade of 0.06% contributes to the polymetallic nature of the deposit. - Positive factor: Copper grade in the indicated underground resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.06 Context: 13.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-24) Apollo · tungsten #### Identity - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 13200000 - Grade: 0.003 - Grade Unit: % - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated underground tungsten grade of 0.003% WO3 is a minor contribution to the overall metal endowment. - Positive factor: Contained tungsten adds to the polymetallic nature of the deposit - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.003 Context: 13.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-25) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 16200000 - Grade: 2.06 - Grade Unit: g/t - Contained Metal: 1.07 - Contained Unit: Moz - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred underground resource above 1,000 masl of 1.07 Moz AuEq at 2.06 g/t provides substantial growth potential for high-grade mineralization. - Positive factor: Significant inferred underground resource with high gold equivalent grade - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.06 Context: 16.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-26) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 16200000 - Grade: 1.84 - Grade Unit: g/t - Contained Metal: 0.96 - Contained Unit: Moz - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred underground gold resource of 0.96 Moz at 1.84 g/t offers substantial exploration upside for high-grade gold. - Positive factor: Significant contained gold ounces in the inferred underground resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 1.84 Context: 16.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-27) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 16200000 - Grade: 7.69 - Grade Unit: g/t - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred underground silver grade of 7.69 g/t provides a byproduct credit, but with lower confidence. - Positive factor: Silver grade in the inferred underground resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.69 Context: 16.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-28) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 16200000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred underground copper grade of 0.03% is a minor contribution to the overall resource and requires further definition. - Positive factor: Copper grade in the inferred underground resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 16.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-29) Apollo · tungsten #### Identity - Project: Apollo - Commodity: tungsten - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 16200000 - Grade: 0.002 - Grade Unit: % - Cutoff Grade: 1.2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred underground tungsten grade of 0.002% WO3 is a minor contribution to the overall metal endowment. - Positive factor: Contained tungsten adds to the polymetallic nature of the deposit - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.002 Context: 16.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-30) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6040000 - Grade: 5.37 - Grade Unit: g/t - Contained Metal: 1.04 - Contained Unit: Moz - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred Ramp Zone resource of 1.04 Moz AuEq at 5.37 g/t is a highly attractive, high-grade component, indicating significant underground potential. - Positive factor: Very high-grade inferred underground resource - Positive factor: Significant contained ounces for a high-grade zone - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · text > 6.04 Mt @ 5.37 g/t AuEq Inferred for 1.04 million oz AuEq #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-31) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6040000 - Grade: 5.2 - Grade Unit: g/t - Contained Metal: 1.01 - Contained Unit: Moz - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred Ramp Zone gold resource of 1.01 Moz at 5.20 g/t is a significant high-grade component, indicating strong gold potential at depth. - Positive factor: Very high-grade contained gold ounces in the inferred Ramp Zone - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 5.20 Context: 6.04 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-32) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6040000 - Grade: 7.72 - Grade Unit: g/t - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred Ramp Zone silver grade of 7.72 g/t provides a byproduct credit, but with lower confidence. - Positive factor: Silver grade in the inferred Ramp Zone resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.72 Context: 6.04 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-33) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6040000 - Grade: 0.02 - Grade Unit: % - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The inferred Ramp Zone copper grade of 0.02% is a minor contribution to the overall resource and requires further definition. - Positive factor: Copper grade in the inferred Ramp Zone resource - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.02 Context: 6.04 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-34) Apollo · gold\_equivalent #### Identity - Project: Apollo - Commodity: gold\_equivalent - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1290000 - Grade: 4.74 - Grade Unit: g/t - Contained Metal: 0.2 - Contained Unit: Moz - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated Ramp Zone resource of 0.20 Moz AuEq at 4.74 g/t is a highly attractive, high-grade component, demonstrating strong confidence in this zone. - Positive factor: Very high-grade indicated underground resource - Positive factor: Significant contained ounces for a high-grade zone - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · text > 1.29 Mt @ 4.74 g/t AuEq Indicated for 0.20 million oz AuEq #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-35) Apollo · gold #### Identity - Project: Apollo - Commodity: gold - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1290000 - Grade: 4.52 - Grade Unit: g/t - Contained Metal: 0.19 - Contained Unit: Moz - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated Ramp Zone gold resource of 0.19 Moz at 4.52 g/t is a significant high-grade component, demonstrating strong gold potential. - Positive factor: Very high-grade contained gold ounces in the indicated Ramp Zone - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 4.52 Context: 1.29 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-36) Apollo · silver #### Identity - Project: Apollo - Commodity: silver - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1290000 - Grade: 9.85 - Grade Unit: g/t - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated Ramp Zone silver grade of 9.85 g/t provides a byproduct credit, enhancing the project's economics. - Positive factor: Silver grade in the indicated Ramp Zone resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 9.85 Context: 1.29 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-37) Apollo · copper #### Identity - Project: Apollo - Commodity: copper - Region: colombia - Reported Region: Caldas, Colombia - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1290000 - Grade: 0.03 - Grade Unit: % - Cutoff Grade: 1.5 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The indicated Ramp Zone copper grade of 0.03% contributes to the polymetallic nature of the deposit. - Positive factor: Copper grade in the indicated Ramp Zone resource - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.03 Context: 1.29 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-43) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 1.64 - Grade Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.64 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-44) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 29 - Grade Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 29.0 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-45) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 37000000 - Grade: 0.14 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.14 Context: 37.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-46) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 2.47 - Grade Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.47 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-47) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 13 - Grade Unit: moz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 13.0 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-48) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 48200000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 48.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-49) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 3420000 - Grade: 1.29 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.29 Context: 3.42 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-50) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 3420000 - Grade: 17.9 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 17.9 Context: 3.42 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-51) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 3420000 - Grade: 0.11 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.11 Context: 3.42 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-52) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 1930000 - Grade: 2.09 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.09 Context: 1.93 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-53) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 1930000 - Grade: 10.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 10.3 Context: 1.93 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-54) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 1930000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 1.93 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-55) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 8880000 - Grade: 1.01 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.01 Context: 8.88 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-56) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 8880000 - Grade: 23.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 23.1 Context: 8.88 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-57) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 8880000 - Grade: 0.18 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.18 Context: 8.88 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-58) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 5970000 - Grade: 0.94 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.94 Context: 5.97 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-59) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 5970000 - Grade: 11.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 11.1 Context: 5.97 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-60) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 5970000 - Grade: 0.04 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.04 Context: 5.97 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-61) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 17300000 - Grade: 1.03 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.03 Context: 17.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-62) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 17300000 - Grade: 28.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 28.3 Context: 17.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-63) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 17300000 - Grade: 0.19 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.19 Context: 17.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-64) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 18500000 - Grade: 0.65 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.65 Context: 18.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-65) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 18500000 - Grade: 8.91 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 8.91 Context: 18.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-66) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 18500000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 18.5 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-67) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 1.02 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.02 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-68) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 30.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 30.2 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-69) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 22500000 - Grade: 0.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.20 Context: 22.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-70) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 0.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.60 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-71) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 8.98 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 8.98 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-72) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 25900000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 25.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-73) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 26300000 - Grade: 0.89 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.89 Context: 26.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-74) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 26300000 - Grade: 26.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 26.3 Context: 26.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-75) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 26300000 - Grade: 0.17 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.17 Context: 26.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-76) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 43200000 - Grade: 0.41 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.41 Context: 43.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-77) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 43200000 - Grade: 7.04 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.04 Context: 43.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-78) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 43200000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 43.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-79) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 10200000 - Grade: 1.25 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.25 Context: 10.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-80) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 10200000 - Grade: 56 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 56.0 Context: 10.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-81) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 10200000 - Grade: 0.41 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.41 Context: 10.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-82) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 810000 - Grade: 0.69 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.69 Context: 0.81 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-83) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 810000 - Grade: 43.4 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 43.4 Context: 0.81 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-84) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 810000 - Grade: 0.37 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.37 Context: 0.81 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-85) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 2570000 - Grade: 1.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.38 Context: 2.57 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-86) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 2570000 - Grade: 39.1 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 39.1 Context: 2.57 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-87) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 2570000 - Grade: 0.39 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.39 Context: 2.57 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-88) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 50000 - Grade: 1.12 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 1.12 Context: 0.05 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-89) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 50000 - Grade: 11.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 11.3 Context: 0.05 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-90) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 50000 - Grade: 0.12 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.12 Context: 0.05 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-91) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 14300000 - Grade: 1.61 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 1.61 Context: 14.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-92) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 14300000 - Grade: 15.6 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 15.6 Context: 14.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-93) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 14300000 - Grade: 0.06 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.06 Context: 14.3 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-94) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 17400000 - Grade: 1.77 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 1.77 Context: 17.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-95) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 17400000 - Grade: 7.78 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.78 Context: 17.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-96) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 17400000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.03 Context: 17.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-97) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1400000 - Grade: 4.26 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 4.26 Context: 1.40 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-98) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1400000 - Grade: 9.43 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 9.43 Context: 1.40 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-99) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: indicated - Tonnes: 1400000 - Grade: 0.03 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total indicated resource of 2.58 Moz AuEq at 2.17 g/t is a strong foundation for a maiden estimate, demonstrating significant geological confidence and economic potential. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant indicated resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance Evidence · table > 0.03 Context: 1.40 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-100) gold #### Identity - Commodity: gold - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6570000 - Grade: 4.88 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 4.88 Context: 6.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-101) silver #### Identity - Commodity: silver - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6570000 - Grade: 7.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.38 Context: 6.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/collective-mining-announces-maiden-mineral-resource-for-its-apollo-deposit-at-th--8e7afa93-d7ce-431b-9d64-88db1233906d#fact-resource-facts-102) copper #### Identity - Commodity: copper - Ticker: CNL.TO #### Resource Data - Category: inferred - Tonnes: 6570000 - Grade: 0.02 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-08T00:00:00.000Z Reasoning: The total inferred resource of 2.83 Moz AuEq at 1.83 g/t indicates substantial growth potential, though with lower confidence than indicated resources. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Significant inferred resource for a maiden estimate - Positive factor: High-grade gold equivalent - Positive factor: QP/CP sign-off and NI 43-101 compliance - Negative factor: Inferred category has lower geological confidence Evidence · table > 0.02 Context: 6.57 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.