Collective Mining Ltd 6-K, filed Oct 22, 2026

Collective Mining Ltd. (CNL)

6-K 2026-10-22 For: 2026-10-22

Added on October 22, 2026

About this 6-K

Collective Mining Ltd filed this 6-K on October 22, 2026.

Collective Mining Ltd. updated the Apollo Mineral Resource for August 31, 2026: 37.0 Mt Indicated at 2.17 g/t AuEq containing 2.58 Moz AuEq, plus 48.2 Mt Inferred at 1.83 g/t AuEq containing 2.83 Moz AuEq. AI summary

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EXHIBIT NO.		DESCRIPTION
99.1		Mineral Resource Update NI 43-101 Technical Report titled “Guayabales Project - Apollo Mineral Resource, Caldas Department, Colombia”, dated October 22, 2026, with an effective date of October 13, 2026.
99.2		Consent of Ivor W.O. Jones, M.Sc., P. Geo, FAusIMM.
99.3		Consent of John Wells, FSAIMM.

	Collective Mining Ltd.

Date: October 22, 2026	By:	/s/ Paul Begin
	Name:	Paul Begin
	Title:	Chief Financial Officer and Corporate
		Secretary

1	Summary	11

1.1	Apollo	11
1.2	Exploration Potential	16
1.3	Recommendations	16

2	Introduction	18

2.1	Source of data	18
2.2	Qualifications of the QPs	19
2.3	Site Visit	19
2.4	QP opinion on the Exploration Data	20

3	Reliance on Other Experts	20

4	Property Description and Location	21

4.1	Property Location	21
4.2	Legal Framework	21
4.3	Mining Property Rights	25
4.4	Mining Property Acquisition Agreements	29
4.5	Royalties	30
4.6	Legal Access and Surface Rights	31
4.7	Water Rights	31
4.8	Environmental Liabilities	31
4.9	National Parks and Reserves	32
4.10	Indigenous Reserves and Communities	32
4.11	Other	32

5	Accessibility, Climate, Local Resources, Infrastructure and Physiography	33

5.1	Accessibility	33
5.2	Climate	33
5.3	Hydrology	39
5.4	Local Resources and Infrastructure	40
5.5	Physiography	41

6	History	43

6.1	Prior ownership and ownership changes	43
6.2	Historical mineral resource estimates	44
6.3	Historical production	44

7	Geological Setting and Mineralization	45

7.1	Regional geology	45
7.2	District Geology	49
7.3	Local Geology	49
7.4	Geology of the Apollo Deposit	52
7.5	Conclusions	68
7.6	Trap Target	70

8	Deposit Types	72

8.1	Guayabales Porphyry-Breccia-Vein System	72
8.2	Reduced Intrusion-Related Gold Systems (RIRGS)	73

8.3	Porphyry Cu-Mo-Au Systems	75

9	Exploration	77

9.1	Historical Exploration (1995 to 2012)	77
9.2	Exploration completed by Collective (2021-2026)	78
9.3	Apollo Target	88
9.4	Trap Target	91

10	Drilling	94

10.1	Drilling by Colombian Mines (2008)	95
10.2	Drilling by Mercer Gold (2010-11)	95
10.3	Drilling by Collective (2021 - Present)	96
10.4	The QP’s Comments with respect to Drilling	105
10.5	Results	105
10.6	Drilling Results between Closure of the Database and 13 October 2026	113

11	Sample Preparation, Analyses and Security	117

11.1	Historical Data	117
11.2	Collective - Sample Preparation, Analyses, and Security	118
11.3	QAQC Results– Collective	125
11.4	Interpretation of QAQC Results	134
11.5	QP’s Opinion on the Adequacy of Sample Preparation, Security, and Analytical Procedures	137

12	Data Verification	138

12.1	Verification by Redwood (2025)	138
12.2	Verification by the QP	138
12.3	Qualified Person’s Opinion on the Adequacy of the Data for the Purposes Used in the Technical Report	140

13	Mineral Processing and Metallurgical Testing	141

13.1	Preliminary testing of Ramp samples.	147
13.2	Summary	148

14	Mineral Resource estimates	150

14.1	Disclosure	150
14.2	Known Issues that Materially Affect Mineral Resources	150
14.3	The Approach Used for Modelling	150
14.4	Data Provided for Estimation	151
14.5	Geological Interpretation and Modelling	152
14.6	Compositing of Assay Intervals	156
14.7	Variogram models	158
14.8	Orientations and Search distances used for modelling	161
14.9	Block model set up	163
14.10	Grade Estimation	164
14.11	Model validation	165
14.12	AuEq Calculation	172
14.13	Cut-off grade Determination and the Evaluation of RPEEE	173
14.14	Mineral Resource classification	176
14.15	Mineral Resource Tabulations	179

15	Mineral Reserve Estimates	185

16	Mining Methods	185

17	Recovery Methods	185

18	Project Infrastructure	185

19	Market Studies and Contracts	185

20	Environmental Studies, Permitting and Social or Community Impact	185

21	Capital and Operating Costs	185

22	Economic Analysis	185

23	Adjacent Properties	186

23.1	Aris Mining - Marmato	186
23.2	Quebradona	187

24	Other Relevant Data and Information	188

25	Interpretation and Conclusions	189

25.1	Exploration and Drilling	189
25.2	Sample Preparation, Analysis and Data Quality	190
25.3	Mineral Processing and Metallurgical Interpretation	191
25.4	The Geological Framework for Apollo	192
25.5	The Apollo Mineral Resource	193
25.6	Exploration Potential	195

26	Recommendations	196

26.1	Recommendations for Exploration	196
26.2	Recommendations for further metallurgical testwork include:	197
26.3	Recommendations for other Technical Studies:	197
26.4	Conclusions on Recommendations	197

27	References	199

CERTIFICATE of QUALIFIED PERSON		203

CERTIFICATE of QUALIFIED PERSON		204

	Collective Mining Ltd.
Guayabales Project - Apollo Mineral Resource 2026-08

Table 1.1: Mineral Resource for the Apollo Mineral Deposit, August 31, 2026*	14

Table 4.1 List of the mining rights with title of the Guayabales Project.	27

Table 4.2. List of concession applications of the Guayabales Project.	28

Table 4.3 Yearly payments resulting from mining title option agreements.	30

Table 4.4. List of Superficial Water Concessions and applications for the Guayabales Project.	31

Table 5.1 General data on the nearest hydrometeorological stations to the project (source IDEAM). Source: Collective (2026)	35

Table 5.2 General information of MET I.	38

Table 5.3 General information of MET I variables.	38

Table 6.1 Summary of the history of the Guayabales Project.	43

Table 7.1 Description of the main lithologies in the Guayabales Project.	51

Table 7.2 Summary of the geology of the targets identified in the Guayabales Project.	69

Table 9.1: Surface Samples collected on the Guayabales Project - 2005-2026	77

Table 9.2. Summary of Collective’s exploration (excludes drilling) at the Guayabales Project between 2020 and 31 March 2026.	78

Table 9.3. Protocol and chain of custody for soil and rock samples.	80

Table 10.1: Drilling completed at the Guayabales Project by target	94

Table 10.2 Summary of historical diamond drill programs.	94

Table 10.3. Summary of the drilling contractors of the Guayabales diamond drill programmes.	98

Table 10.4. Summary of Guayabales drillholes by target.	98

Table 10.5. Drillholes surveyed using the Acoustic Televiewer.	102

Table 10.6. Summary of density measurements of Guayabales core.	104

Table 10.7 Drilling Results between Closure of the Database and 13 October 2026.	114

Table 11.1 Summary of the sample preparation and analyses methods of the historical samples.	117

Table 11.2 QA-QC samples used in the historical sampling programs.	118

Table 11.3. Summary of the sample preparation and analyses methods of the Collective samples.	119

Table 11.4. QA-QC protocol of Collective for core samples.	120

Table 11.5. QA-QC protocol of Collective for soil and sediment samples.	120

Table 11.6. CRM summary statistics of performance.	121

Table 11.7. Summary of W/WO₃ CRM.	122

Table 11.8. Summary of Duplicates Programs.	123

Table 11.9. Summary of Au, Ag and Cu CRM performance.	126

Table 11.10. CRM performance for Au analyses.	126

Table 11.11. CRM performance for Ag analyses.	128

Table 11.12. CRM performance for Cu analyses.	129

Table 11.13. Summary of W – WO3 CRM performance.	130

Table 11.14. Summary of Blank performance - Au.	131

Table 11.15. Summary of Blank performance - Ag.	131

Table 11.16. Summary of Blank performance - Cu.	131

Table 11.17. Summary of Blank performance - W.	131

Table 11.18. Summary of Duplicates Programs.	132

Table 12.1: Verification samples by the QP	139

Table 13.1: Metallurgical Testwork 2022 to 2024	141

Table 13.2: Composite head grades	145

Table 13.3: Composites 1 to 6 results, summary.	145

Table 13.4: LCT test on MC1-6 composite.	146

Table 13.5: Overall recoveries for gravity, flotation and cyanidation of flotation tailings.	146

Table 13.6: Head grade of samples.	147

Table 13.7: Gravity + Flotation + Cyanidation.	148

Table 13.8: Gravity + Cyanidation.	148

Table 13.9: Recent Metallurgical Test Work Results on Copper and Tungsten sub-domains.	149

Table 14.1: Lithological Domains for geological modelling	152

Table 14.2: Mineralogical and Grade Domains for geological modelling	152

Table 14.3: Carbonate Base Metal (CBM) Vein Domains for geological modelling – affects Au only	152

Table 14.4: Oxidation Domains for geological modelling	153

Table 14.5: Estimation Domains for modelling of gold grades	155

Table 14.6: Estimation Domains for modelling of copper and silver grades above 1400 masl	155

Table 14.7: Estimation Domains for modelling of WO3 grades above 1400 masl	156

Table 14.8: Summary statistics for Au of 2m composited data in the main Au domains for the Apollo Deposit (>1400)	157

Table 14.9: Summary statistics for Au of 2m composited data in the main Au domains for the Apollo Deposit (<1400 masl)	157

Table 14.10: Summary statistics for Cu, Ag and WO3 of composited data in the grade domains for the Apollo Deposit (>1400)	158

Table 14.11: Variogram parameters (Au) for the main mineralized Au domains	160

Table 14.12: Variogram parameters (Ag) for the main mineralized Ag domains	160

Table 14.13: Variogram parameters (Cu) for the main mineralized Cu domains	160

Table 14.14: Variogram parameters (WO3) for the main mineralized WO3 domains	161

Table 14.15: Search orientations and distances for Au by domain for the first search	161

Table 14.16: Search orientations and distances for Ag by domain for the first search	162

Table 14.17: Search orientations and distances for Cu by domain for the first search	162

Table 14.18: Search orientations and distances for WO3 by domain for the first search	162

Table 14.19: Geometric parameters of the block model	163

Table 14.20: Density values (t/m3) used in the model	164

Table 14.21: Comparison of the mean composites Au grade (ppm) with the mean block model Au grade	169

Table 14.22: Comparison of the mean composites Ag grade (ppm) with the mean block model Ag grade	169

Table 14.23: Comparison of the mean composites Cu grade (ppm) with the mean block model Cu grade	170

Table 14.24: Comparison of the mean composites WO3 grade (ppm) with the mean block model WO3 grade	170

Table 14.25: Parameters for testing prospects for economic extraction	174

Table 14.26: Mineral Resource for the Apollo Mineral Deposit, August 31, 2026*	180

Table 14.27: Open Cut tabulation for the Apollo Mineral Resource at a cut-off grade of 0.3 g/t AuEq, August 31, 2026*	180

Table 14.28: Underground above 1,000 masl for the Apollo Mineral Resource at a cut-off grade of 1.2 g/t AuEq, August 31, 2026*	181

Table 14.29: Underground below 1,000 masl for the Apollo Mineral Resource at a cut-off grade of 1.5 g/t AuEq, August 31, 2026*	181

Table 14.30: Contained Metal by Commodity	181

Table 14.31: Open-pit Cut-off Grade Sensitivity - August 31, 2026*	182

Table 14.32: Underground above 1,000 masl Cut-off Grade Sensitivity - August 31, 2026*	182

Table 14.33: Underground below 1,000 masl Cut-off Grade Sensitivity - August 31, 2026*	183

Table 14.34: Sensitivity of grade and tonnage replacing the open cut with a purely underground scenario - August 31, 2026*	184

Table 25.1: Mineral Resource for the Apollo Mineral Deposit, August 31, 2026*	194

Table 26.1: Estimated budget for the recommended advanced exploration program and PEA, Guayabales Project	198

Figure 4.1. Location map of the Guayabales Project. Source: Collective (2026)	22

Figure 4.2. Plan of Guayabales Property mining rights showing concession contracts in red fill and concession applications in red outline. Source: Collective (2026)	26

Figure 5.1 Location and access map of the Guayabales Project. Inset shows enlargement of the Guayabales Project with the mining rights and local roads. Source: Collective (2026)	34

Figure 5.2 Location of selected hydrometeorological stations to the Guayabales Project. Source: Collective (2026)	35

Figure 5.3 Average annual rainfall in the project area (IDEAM).	36

Figure 5.4 (a) Annual precipitation cycle and (b) standardized annual precipitation cycle (IDEAM).	36

Figure 5.5 Annual cycle of average temperature.	37

Figure 5.6 Annual Flow cycle (IDEAM).	37

Figure 5.7 Average annual real evapotranspiration (RET) for the project area (IDEAM).	39

Figure 5.8. Spatial distribution of piezometers relative to the Apollo area. Source: Collective (2026)	40

Figure 5.9. A general view of the physiography of the Apollo deposit looking northwest and the location of different drill pads Source: Collective, 2026.	42

Figure 5.10. A general view of the Guayabales Project looking north from the access road to the town of Caramanta on the far ridge ( Source: Collective, 2026).	42

Figure 7.1: Regional tectonic and terrane map of Colombia showing the location of the Guayabales Project (Modified from Castaño-Castro, 2026). Abbreviations: SMBFS (Santa Marta-Bucaramanga fault system), SJFS (San Jacinto fault system), UFS (Uramita Fault System), RFS (Romeral fault system), GFS (Garrapatas Fault System), SFS (Suaza fault system), WC (Western Cordillera), CC (Cordillera Central), EC (Eastern Cordillera), in orange line the Oligocene margin (25Ma). Source: Collective, 2026.	46

Figure 7.2: The geology and major gold deposits of the Middle Cauca Gold-Copper Belt showing the location of the Apollo deposit. Source: Collective (2026)	48

Figure 7.3: Geological map of the Guayabales Project showing targets. Source: Collective, 2026.	50

Figure 7.4: Surface geology map of the Apollo deposit and N- S interpreted geology section across the Apollo deposit (same section line used for the alteration and mineralization sections). Source: Collective, 2026.	53

Figure 7.5: Core sample photographs of the Apollo porphyries. Source: Collective, 2026.	53

Figure 7.6: Core sample photographs of the breccia facies present at Apollo deposit. A) Monomict crackle breccia with green chlorite filling fractures and open spaces. B) Shingle breccia. C) Sulfide-bearing angular breccia, with cement of ore minerals and gangue. D) Fluidized breccia. Source: Collective, 2026.	54

Figure 7.7: Structural geology map of the Apollo deposit, showing the main faults, and structural controls on mineralization. Source: Collective, 2026.	55

Figure 7.8: North-south cross-section through the Apollo deposit showing the distribution of hydrothermal alteration types. Source: Collective, 2026.	58

Figure 7.9: Photographs of core samples show the main textures and features of Hydrothermal Alteration Types within the Apollo deposit. (A) Secondary biotite in groundmass formed after igneous amphiboles cut by chlorite-sericite-carbonate halos to veinlets. (B) Typical chlorite sericite assemblage in the Apollo deposit. (C) Typical chlorite-sericite-carbonate alteration related to the main breccia event overprinting former secondary biotite alteration. (D) Albite alteration. (E) Intermediate argillic alteration. It is restricted to Carbonate Base Metal veins (CBM). (F) Chlorite-epidote-carbonate-quartz-pyrite veinlets are mainly found in P60. Source: Collective, 2026.	58

Figure 7.10: Apollo Porphyry System model with stages of mineralization. Source: Collective, 2026.	60

Figure 7.11: North-south cross-section through the Apollo deposit showing the vertical distribution of minerals. Source: Collective, 2026.	61

Figure 7.12: Porphyry-related veinlet types identified at the Apollo deposit. Source: Collective, 2026.	62

Figure 7.13: Breccia types at the Apollo target, showing different sulfide and non-sulfide cement types including chalcopyrite, pyrrhotite, pyrite, scheelite, carbonates and quartz. Rock flour is altered to chlorite and sericite. (A, B) Scheelite cement, shown fluorescing blue under short-wave UV light; (C) Pyrrhotite cementing the breccia; (D) Chalcopyrite cement; (E) Typical Ramp Zone assemblage of pyrrhotite and sulfosalts. Source: Collective, 2026.	63

Figure 7.14: Representative images of the Carbonate Base Metal veins type of mineralization at the Apollo Deposit. CBM veins sulfide content is dominated by Fe-rich sphalerite (Marmatite) and galena. Sulfosalts are also present in this late-stage mineralization. Source: Collective, 2026.	64

Figure 7.15: Representative images of the Ramp Zone mineralization. (A-B) Pyrrhotite and sulfosalts with associated albite alteration; (C-D) Pyrite and pyrrhotite infilling cracks. Source: Collective, 2026.	65

Figure 7.16: Ramp Zone – Plan View at 750 masl. Source: Collective, 2026.	66

Figure 7.17: Plan View of the Apollo Deposit Highlighting the Shallow Halo Zone. Source: Collective, 2026.	68

Figure 7.18: Core sample photographs of the Trap porphyries. Source: Collective, 2026.	70

Figure 7.19: Geological map of the Trap target showing the Collective drillhole traces. Source: Collective, 2026.	71

Figure 8.1. Cartoon NW-SE long section along the Marmato trend showing an interpretation of the possible relationship between the Apollo System and Marmato Deeps Zone. Source: Collective (2026)	73

Figure 8.2. Cartoon showing the different styles of Au-Bi-W and Sn-W deposits (Baker et al., 2005).	74

Figure 8.3. Plan model of RIRGS Au deposits from the Tintina Gold Province (Alaska-Yukon) showing geochemical zonation around a central pluton of 0.1-5.0 km diameter and the variety of possible mineralization styles (Hart, 2007).	75

Figure 8.4. Porphyry system model (modified after Sillitoe, 2010).	76

Figure 9.1. Guayabales Project, Collective soil geochemistry for gold. Source: Collective, 2026.	80

Figure 9.2. Guayabales Project, Collective soil geochemistry for copper. Source: Collective, 2026.	81

Figure 9.3. Guayabales Project, Collective soil geochemistry for silver. Source: Collective, 2026.	81

Figure 9.4. Guayabales Project, Collective soil geochemistry for molybdenum. Source: Collective, 2026.	82

Figure 9.5. Guayabales Project, Collective rock geochemistry for gold. Source: Collective, 2026.	82

Figure 9.6. Guayabales Project, Collective rock geochemistry for copper. Source: Collective, 2026.	83

Figure 9.7. Guayabales Project, Collective rock geochemistry for silver. Source: Collective, 2026.	83

Figure 9.8. Guayabales Project, Collective rock geochemistry for molybdenum. Source: Collective, 2026.	84

Figure 9.9. Guayabales Total Magnetic Intensity (TMI) inversion from the helicopter-borne survey. Source: Collective, 2026.	85

Figure 9.10. Guayabales Project joint inversion of IP chargeability at 100 m depth reprocessed by Condor North Consulting. Source: Collective, 2026.	86

Figure 9.11. Guayabales Project joint inversion of IP resistivity at 100 m depth reprocessed by Condor North Consulting. Source: Collective, 2026.	87

Figure 9.12. Density map (g/cc) of the Apollo target at 200m depth processed by Arce Geofisicos. Source: Collective, 2026.	87

Figure 9.13. Apollo target geology and geochemistry for gold (soil and rock). Source: Collective, 2026.	89

Figure 9.14: Drillhole locations at the Apollo Deposit showing the outline of the breccia at 1000 masl. Source: Collective (2026)	90

Figure 9.15. Trap target geology and geochemistry (soil, rock) for gold (left) and copper (right). Source: Collective, 2026.	91

Figure 9.16: Drillhole locations at the Trap Prospect. Source: Collective (2026)	92

Figure 9.17: Long-section showing drill intersections at the Trap Prospect. Source: Collective (2026)	93

Figure 9.18: NE-SW Cross-section through the Trap Prospect. Source: Collective (2026)	93

Figure 10.1. Location map of the historical drill collar locations and drillhole traces in the Guayabales Project. Source: Collective (2026)	95

Figure 10.2. Kluane KD-1700 hydraulic drill rig drilling hole APC106-D3 on Drill Pad 19 on 10 June 2025. Source: Collective (2026)	97

Figure 10.3. Location map of Collective drill collars drillholes in Guayabales. Source: Collective (2026)	99

Figure 10.4. A typical drill platform. Source: Collective (2026)	100

Figure 10.5. Cross section SW-NE looking northwest at the Apollo target showing significant drill intersections. Source: Collective (2026)	108

Figure 10.6. Cross sections of the Apollo target showing distribution of Au+Zn, Cu+Ag and W. Source: Collective (2026)	108

Figure 10.7. Cross sections of the Apollo target showing distribution of Ag, Mo and Zn. Source: Collective (2026)	109

Figure 10.8. Plan of the significant drill intersections in the Plutus target. Source: Collective (2026)	110

Figure 10.9. Plan of the significant drill intersections in the Trap target.	111

Figure 10.10. Plan showing significant drill intersections in the X target.	112

Figure 11.1: Examples of control charts for CRM assays for gold.	127

Figure 11.2: Examples of control charts for CRM assays for silver.	128

Figure 11.3: Examples of control charts for CRM assays for copper.	129

Figure 11.4: Example of control charts for CRM assays for WO3.	130

Figure 11.5: Scatter plots of coarse reject duplicates for gold SGS Phase1 (left) and ALS Phase 2 (right).	133

Figure 11.6: Scatter plots of pulp duplicates(left) and coarse (right) for copper SGS - ALS Combined.	133

Figure 11.7: Scatter plots of pulp duplicates for gold Interlab.	134

Figure 13.1: Metallurgical Samples.	142

Figure 13.2: 2024 SGS and ALS Cyanidation samples.	143

Figure 13.3: Cross-section of the Apollo system showing the location of samples.	144

Figure 13.4: Copper head grade versus copper recovery.	147

Figure 14.1: Definition of Geological Domains – Apollo - Cross-Section view	153

Figure 14.2: Definition of Cu and WO3 Grade Domains – Apollo - Cross-Section view	154

Figure 14.3: Log histogram of gold grades in composited drill data for the 3200 BAM zone >1400 masl.	157

Figure 14.4: Variogram of gold grades in composited drill data for the total BAM (>1400 masl).	159

Figure 14.5: Plan validation view of Au grades in the BAM domain at Apollo (1 650 masl)	166

Figure 14.6: SW-NE Cross-section validation view >1400 masl of Au grades at Apollo	166

Figure 14.7: SW-NE Cross-section validation view <1400 masl of Au grades at Apollo	167

Figure 14.8: SW-NE Cross-section validation view >1400 masl of Cu grades at Apollo	167

Figure 14.9: SW-NE Cross-section validation view >1400 masl of WO3 grades at Apollo	168

Figure 14.10: Example of a Grade trend plot of composite Au data vs average model grade by easting – Domain 3200 >1400 masl	171

Figure 14.11: Example of a Grade trend plot of composite Cu data vs average model grade by easting – Domain 3230	172

Figure 14.12: Plan view at 1800 masl showing the Mineral Resource classification in relation to drilling as constrained by the resource pit shape and underground optimization shapes.	178

Figure 14.13: SW-NE cross-section showing the Mineral Resource classification in relation to drilling as constrained by the resource pit shape and underground optimization shapes.	179

Category**	Cut-off Grade (g/t AuEq)*	Mineralization (Mt)	Metal grade (g/t AuEq)	Contained metal (AuEq Moz)
Indicated Resource
Open-pit	0.3	22.5	2.06	1.49
Underground >1000 masl	1.2	13.2	2.10	0.89
Underground <1000 masl	1.5	1.29	4.74	0.20
Total Indicated Resource		37.0	2.17	2.58
Inferred Resource
Open-pit	0.3	25.9	0.86	0.71
Underground >1000 masl	1.2	16.2	2.06	1.07
Underground <1000 masl	1.5	6.04	5.37	1.04
Total Inferred Resource^		48.2	1.83	2.83

	●	Annual surface tax payments continue.

	●	Requires an annual Mining and Environmental Insurance Policy equivalent to 5% of the value of the planned investments, as defined in the PTO for the corresponding year.

No.	Name	Number	Type	Owner	Date of Registration	Date of Expiry	Area (ha)
No.	Name	Number	Type	Owner	Date of Registration	Date of Expiry	Area (ha)
1	Guayabales	LH0071-17	Exploitation	Collective Mining Limited Sucursal Colombia	28/03/2008	27/03/2038	247.8076
2	Guayabales	HI8-15231	Exploration	Collective Mining Limited Sucursal Colombia	11/10/2021	11/10/2051	1710.2903
3	Guayabales	HB1-08302X	Exploration	Collective Mining Limited Sucursal Colombia	3/11/2021	2/11/2051	12.2598
4	Guayabales	502174	Exploration	Collective Mining Limited Sucursal Colombia	10/04/2026	10/04/2056	1.2260
5	Guayabales	503793	Exploration	Collective Mining Limited Sucursal Colombia	10/04/2026	10/04/2056	52.7146
6	Guayabales	503899	Exploration	Collective Mining Limited Sucursal Colombia	10/04/2026	10/04/2056	52.7161
7	Guayabales	503911	Exploration	Collective Mining Limited Sucursal Colombia	10/04/2026	10/04/2056	2.4519
8	Guayabales	502173	Exploration	Collective Mining Limited Sucursal Colombia	14/07/2026	14/07/2056	2.4520
9	Guayabales	503238	Exploration	Collective Mining Limited Sucursal Colombia	14/07/2026	14/07/2056	41.6832
10	Guayabales	501714	Exploration	Collective Mining Limited Sucursal Colombia	14/07/2026	14/07/2056	578.6993
11	Guayabales	510320	Exploration	Collective Mining Limited Sucursal Colombia	14/07/2026	14/07/2056	1.2260
12	Guayabales	510319	Exploration	Collective Mining Limited Sucursal Colombia	14/07/2026	14/07/2056	1.2260
13	Guayabales	509506	Exploration	Collective Mining Limited Sucursal Colombia	14/07/2026	14/07/2056	1.2260
14	Guayabales	501712	Exploration	Minerales Provenza SAS	25/10/2021	24/10/2051	288.1232
15	Guayabales	CAG-141X	Exploration	MINEROS S.A.	18/08/2026	17/08/2027	23.2946
16	Guayabales	674-17	Exploration	Luis Fernando García	20/10/2021	20/10/2051	77.2319
17	Guayabales	619-17	Exploration	Luis Fernando García	20/10/2021	20/10/2051	109.1070
18	Guayabales	620-17	Exploitation	Luis Fernando García	23/09/2004	22/09/2033	481.8770
19	The Box	781-17	Exploitation	Sandra Liliana Saldarriaga Escobar, Margarita Maria Saldarriaga Escobar, Monica Paola Saldarriaga Escobar	16/05/2006	15/05/2037	165.0787
20	Guayabales	DLH-14451X	Exploitation	Luis Fernando García	20/10/2021	19/10/2051	35.5524
Total							3886.2436

Year	Amount (US$)	Payments made (US$)
2020	350,000	350,000
2021	800,000	800,000
2022	1,100,000	1,100,000
2023	750,000	750,000
2024	666,667	666,667
2025	11,758,334	11,758,334
2026	3,467,500	2,727,500
2027	1,917,500
2028	1,730,000
2029	3,880,000
2030	3,630,000

Water Permit Name	Status	Number	Date Granted
Agua Clara	Approved	Resolution No. 2022-0122	January 2022
Arquía	Approved	Resolution No. 2023-2053	December 2023
Mina Guayabales y Quebrada San Jorge	Approved	Resolution No. 2023-1288	August 2023

ID	Name	Category	Status	Variable	Scale	Altitude (m.a.s.l.)	Distance from Project (km)
26180190	Aguadas [26180190]	PM	Active	Precipitation	Daily	2,180	21.76
26170180	Caramanta [26170180]	PM	Active	Precipitation	Daily	2,112	6.26
26160160	María La [26160160]	PM	Active	Precipitation	Daily	645	11.08
26160090	Pacora Plaza Feria [26160090]	PM	Active	Precipitation	Daily	1,821	18.30
26170170	Pradera La [26170170]	PM	Suspended	Precipitation	Daily	1,950	6.72
26170290	Riosucio [26170290]	PM	Active	Precipitation	Daily	1,946	14.71
26177010	Puente Carretera [26177010]	LM	Active	Water flow	Daily	1,192	6.15

Variable	Scale	Start Date	End Date	Duration (years)
Precipitation	Hourly	1/12/2023	31/08/2026	2.75
Temperature	Hourly	1/12/2023	31/08/2026	2.75
Relative Humidity	Hourly	1/12/2023	31/08/2026	2.75
Atmospheric Pressure	Hourly	1/12/2023	31/08/2026	2.75
Solar Radiation	Hourly	1/12/2023	31/08/2026	2.75
Wind Speed	Hourly	1/12/2023	31/08/2026	2.75
Wind Direction	Hourly	1/12/2023	31/08/2026	2.75

Years	Company	Work carried out	NI 43-101 reports
600 BCE to 21st Century CE	Quimbaya Culture (600 BCE – 1600 CE) Spanish Colonial Period (1534-1819) Republic of Colombia period (1819-present)	The Marmato-Supia district – Artisanal mining.
1995-present	Guayabales Mining Community	Artisanal gold mining in 16 underground mines. Legalisation started 2002. Mining title LH-0071-17 registered 28 March 2008.
2005-2006	Colombia Gold plc, London	Underground sampling, surface rock sampling.
2006-2009	Colombian Mines Corporation, Vancouver	Underground sampling, surface rock sampling, 17 diamond drillholes (2079m).	Thompson (2007)
2010-2011	Mercer Gold Corporation, Nevada	Underground and surface rock sampling, soil grid, geological mapping, 11 diamond drillholes for 4,067 m.	Turner (2010, 2011)
2011-2013	Tresoro Mining Corp., Nevada (formerly Mercer Gold Corporation)	No work. Option expired 2012 or 2013.	Leroux (2012)
2014-2019	None	Exploration inactive
2020-present	Collective Mining Ltd., Toronto	Current exploration programme	Redwood (2021, 2023, 2025)

Lithology	Description
BXT (Tectonic Breccia)	Milled rock formed by the breaking and crushing of rocks due to tectonic forces, usually along fault zones. These breccias indicate fault movement and are important as pathways for fluids and zones of structural weakness.
Tuff	Consolidated volcanic rock composed primarily of compacted and cemented volcanic ash and small pyroclastic fragments.
Cover	Unconsolidated sediments—such as clays, silts, sands, gravels, tills, and peat—formed during the Quaternary Period.
Basalt	Small mafic bodies of dark greenish color with an aphanitic texture.
P60	A late porphyry dyke striking ~310° characterized by plagioclase mega-phenocrysts >1 cm in size, set in a fine-grained groundmass, with chilled margins, and steeply dipping (>80°).
BAM (Mineralized Angular Breccia)	Sulfide-bearing angular breccia cemented by ore minerals and gangue. Cement texture occurs as massive, irregular and straight-walled fracture fills that crosscut clasts, as open-space fills between clasts and matrix, and as irregularly shaped vugs, with lesser veinlets cross-cutting the body.
BA (Angular Breccia)	Breccia with angular and transported clasts in a matrix of altered rock-flour, clast to matrix ratio varies from 8:2 to 9:1. Predominantly polymictic and clast-supported. Cement includes quartz, carbonate, pyrrhotite, pyrite, chalcopyrite, scheelite, sphalerite, and galena, with the dominant alteration characterized by sericite and chlorite.
BF (Fluidized Breccia)	Characterized by high milled-matrix content (>30 vol.%), rounded clasts, poorly sorted to chaotic, matrix supported, clast to matrix ratio averages approximately 7:3 and exhibit typical chlorite + sericite assemblages, share similar textures with the angular breccia, but lack significant mineralization.
BI (Igneous Breccia)	Breccia consisting of xenoliths of country rock and porphyry with a porphyry matrix.
BC (Crackle Breccia)	Breccia with only slight rotation of clasts relative to one another, with minimal displacement. The clasts often match along with their opposed sides. The matrix consists of comminuted wall rock (rock-flour, <0.1-1mm).
P55	Medium-grained quartz diorite comprising ~25% quartz, ~30% plagioclase, and ~15% biotite, set in a fine- to cryptocrystalline felsic groundmass that constitutes approximately 50% of the rock. Equivalent to PT55 at Trap.
P50	Fine-grained porphyry with euhedral biotite in an aphanitic groundmass. This body is the least common in the deposit and occurs as irregular dykes less than a few tens of meters wide. Equivalent to PT50 at Trap.
P40	Medium-grained quartz diorite porphyry which covers the greatest extent of the project area. Crowded phenocrysts of plagioclase (35-40%), quartz (5-10%), biotite and hornblende (5-8%). The groundmass is aplitic containing fine quartz and plagioclase. Equivalent to PT40 at Trap.
P30	Coarse-grained porphyry with finer crystalline groundmass with high density of quartz veinlets. The phenocryst to groundmass ratio is approximately 7:3. Equivalent to PT30 at Trap.
P20	A medium-grained porphyritic diorite composed of crowded phenocrysts of plagioclase (~40%), quartz (<5%) and fine-grained biotite (~18%) with hornblende (~5%), apatite (~2%) and rutile (1-2%) replacing primary mafic minerals. The groundmass is fine-grained (<0.3 mm) and consists of microcrystalline quartz and plagioclase. Equivalent to PT20 at Trap.
P10	Quartz diorite porphyry with large phenocrysts (1-2mm) of quartz (~12%), plagioclase (~30%) and biotite (~5%) with minor hornblende, apatite, and zircon. The quartz phenocrysts exhibit undulatory extinction and subtle indications of intracrystalline strain. Equivalent to PT10 at Trap.
Fine diorite	Diorite porphyry of dark to light gray colour with fine-grained groundmass and phenocrysts of plagioclase (35–40%), quartz (<5%), and hornblende (7%).
Coarse diorite	Multiple quartz diorite porphyries are present with different textures. They are dark to light gray and medium to coarse grained phenocrysts of plagioclase (35-45%), quartz (5-10%), biotite and hornblende (5-10%).
Diorite	Multiple diorite porphyries are present with different textures. Dark to light gray in colour with medium grained phenocrysts of plagioclase (35-60%), quartz (<5%), hornblende and biotite (<10%).
Hornblende diorite	Diorite porphyry, dark to light gray colour, porphyritic to equigranular texture. Microcrystalline groundmass with hornblende phenocrysts (7–10%).
Amagá Formation	Sandstones, siltstones, and coal seams.
Arquía Complex	The complex includes serpentine schist, metagabbro, garnet-bearing amphibolite, quartz-sericite schist with variable content of quartz segregations, chloritic schist, and ultramafic rocks.

	●	Shallow Halo Zone: open in multiple directions around the current pit outline, with untested areas to the south, west and north coincident with Au-Ag-Cu-W, Pb, Zn surface geochemical anomalies. A dedicated shallow drilling program is planned to test this whole area and determine if the footprint can be extended particularly northwards.

	●	Upper underground (above 1,000 masl): sparsely drilled areas along the north-eastern and south-western margins of the breccia body represent opportunities to test for lateral extensions of the mineralized system particularly with respect to CBM vein systems and breccia margins.

	●	Northern Breccia Extension (above 1,000 masl): identified approximately 150 m north-east of the currently defined mineralization, where recent drilling has returned broad intercepts outside the presently modelled extent of the breccia system.

	●	Ramp Zone (below 1,000 masl): approximately 80% of the interpreted 1.5-kilometer circumference remains undrilled at a density sufficient for confident geological interpretation, and the zone remains open at depth below the deepest drilling completed to date. Higher-capacity drill rigs are being mobilized to test the Ramp Zone at depth.

No.	Target	Former Names	Area (m)	Geology	Alteration	Mineralization	Geochemistry (soil, rock)	Style
1	Apollo	Olympus (ex La Llorona)	1000 x 800	Hydrothermal breccias, Dio and Qdio porphyry, schist	Chl-Ser, Bt, Argillic	Cpy-Po-Py-Mo-Sch-Sph-Gn-Sulfosalts	Cu-Bi-W-As-Au-Sn-Ag	Breccia - CBM
2	Trap	Victory Central	2000 x 1000	Qdio porphyry, Schist	Ser, Chl-Epi, Bt	Py-Mt-Cc-Mo-Sph-Gn-Sulfosalts	Ag-Au-Cu-Mo	Porphyry - CBM
3	Plutus North	Donut	600 x 400	Qdio porphyry, Dio porphyry, breccias	Ser, Chl-Epi, Bt, Kps	Py-Mt-Cpy-Mo-Gn-Sph-Sulfosalts	Cu-Mo-Au-Bi-W	Breccia -Porphyry - CBM
4	Plutus South		1000 x 750	Qdio porphyry, schist	Bt, Chl-Ser	Qz-Mt-Cpy-Py	Cu-Mo-Bi-Sn	Porphyry
5	ME	Guayabales and Encanto	800 x 600	Schist, Qdio – Dio porphyries, breccias	Chl, Ser, Bt	Cb-Sph-Gn-Py-Sulfosalts	Au-Ag-Te-Mo-Bi	CBM, Breccia
6	X		500 x 400	Schist, siltstone, Dio porphyry, breccia	Ser, Clays	Py-Sph-Gn	As-Au-Bi-Cu-Mo-Sn-W	CBM, Breccia
7	Box		1300 x 800	Dio and Qdio Porphyry, mudstone, schist	Bt, Chl-Ser, Epi	Py-Cpy-Gn-Sph	Ag-Au-As-Bi-Sn	Porphyry, breccia, CBM
8	Victory		700 x 700	Qdio and Dio porphyry	Ser, Ep, Clays, Bt	Qz-Mt-Mo	Au-Cu-Mo-As	Porphyry
9	Baco		400 x 400	Qdio and Dio porphyry, schist	Ser	Py-Sph-Gn	Au-Bi-Sn-Te	Porphyry, CBM
10	Crono		450 x 300	Qdio porphyry	Ser	Py-Cpy-Mo-Sph	Au-Te-Bi-Sn	Porphyry
11	Tower		800 x 400	Schist, Dio porphyry, breccia	Ser, clays	Py-Sph-Gn	Au-W-Bi-Cu-Te-Sn	Porphyry, breccia, CBM
12	Knife		800 x 600	Qdio and Dio porphyry, siltstone	Ser, clays	Py-Sph-Gn-Cpy-Mo	Au-Ag-Sn-Bi-As-W	CBM, Porphyry
13	Orion		350 x 300	Qdio and Dio porphyry; breccias	Chl-Ser; Bt, Clays	Cpy-Py-Mo-Sph-Gn-Apy-Sulfosalts	Cu-Bi-W-As-Au-Ag-Mo-Zn-Pb	Porphyry; CBM
14	Trap East		350 x 320	Qdio Diorites; Schist	Chl-Ser; Argillic	Py-Sph-Gn-Cpy-Sulfosalts	As-Au-Zn-Bi-Pb	CBM
Abbreviations= Dio= Diorite, Qdio= Quartz diorite, Chl = chlorite, Cb = Carbonate, Bt = Secondary biotite, Qz = Quartz, Po = Pyrrhotite, Py = Pyrite, Cpy = Chalcopyrite, Sph = Sphalerite, Gn = Galena, Sch = Scheelite, Mo= Molybdenite, Mt= Magnetite, Cc= Chalcocite, Kps= K feldspar.

	●	Early pre-breccia porphyry system shown by quartz veinlets in porphyry clasts in breccia;

	●	The downward flaring or cone shaped geometry of the breccia, which differs from normal funnel-shaped breccias and may indicate formation at depth;

	●	A strong correlation between Cu and Ag with a low Cu/Ag ratio in the upper part of the breccia which is not a typical porphyry fluid;

	●	The presence of WO₃ as scheelite and, moreover, at shallow depth of up to 150 m in contrast to its normal occurrence at depth in hydrothermal deposits, which is attributed here to the presence of roof pendants of graphitic schist causing reduction of the fluid and deposition of scheelite;

	●	Upward transition of deep pyrrhotite to replacement by pyrite and chalcopyrite interpreted as a change from a reduced to a more oxidizing fluid chemistry;

	●	High grade Au-Ag-Bi-Te sulfide-rich zone in crackle breccia associated with albite-actinolite alteration which commences at 1,000 masl; indicating a reduced fluid which is similar to and occurs at the same elevation as the top of the Marmato Deeps Zone located 1.75 km SE (Figure 8.1);

	●	Late stage, high Au-Ag grade epithermal, Ag and Pb sulfosalt-bearing, carbonate-base metal veins which are notable for their great vertical extent of >1,350 m and indicate a change in fluid chemistry from an early, reduced, low sulfidation fluid to a late, low temperature, oxidized, intermediate to high sulfidation fluid from 1,000 masl up to surface.

Sample Type*	Colombia Gold plc	Colombian Mines Corporation	Mercer Gold Corporation	Collective	Totals
Soil	-	-	253	3,602	3,855
Rock	263	887	108	7,422	8,680

Year	Survey	Contractor	Units	Number	Target
2020-2022	Database compile historic data	None	samples	1,561	Whole property
2020-2025	Historical core relogging	None	meters	5,294	Encanto, Donut
2020-2025	Geological mapping	None	km2	37.5	Whole property
2020-2025	Rock sampling	None	samples	7,422	Whole property
2020-2025	Soil sampling	None	samples	3,602	Whole property
2021	LIDAR survey	Lidarus	km2	76.8	Whole property
2021	Full Waveform Distributed Array Induced Polarization survey (AGDAS)	Arce Geofísicos Ltd	km2	3.37939	Olympus and Box
2020-2021	Heli-magnetic and radiometric survey	MPX Geophysics Ltd & Arce Geophysics Ltd	Line km	775.9	Whole property
2022	Heli-magnetic and radiometric survey Reprocessing	Condor North Consulting	line km	775.9	Whole property
2022	IP survey Reprocessing	Condor North Consulting	km2	3.37939	Olympus and Box
2024	IP Reprocessing - Joint inversion model of the three blocks of the DCIP Survey conducted by Arce Geofísicos	Condor North Consulting	Km2	3.38	Box-Olympus
2025	IP Reprocessing- Constrained 3D resistivity inversion using the 2021 DCIP data collected over the Box target area, in combination with the 3D geology model	Condor North Consulting	m2	975	Box
2025	Gravity survey	Arce Geofísicos	Ha	220	Apollo, ME, Plutus

Step	Location	Person(s)	Description
1	Field	Technician, geologist	Sample collection according to protocol of stream sediment (none taken), soil, rock or underground mine samples.
2	Transport to field camp and to core logging facility, Supia	Company pickup truck and driver
3	Core logging facility	Facility manager	Temporary secure storage.
4	Core logging facility	Geologist, technician	Insert QAQC samples.
5	Core logging facility	Technician	Samples packed in sacks and labelled. Lab order form prepared.
6	Transport to lab, Medellin	Company pickup truck and driver	Sample batches sent to lab three times per week.
7	Laboratory Medellin	Laboratory personnel	Receive samples. Sample preparation.
8	Laboratory Callao	Laboratory personnel	Sample pulps shipped by courier, assayed at Callao Lab.
9	Sample storage rooms at camp	Technician	Sample coarse rejects and pulps returned by lab, checked, noted in database, secure storage.

Year	Contractor	Rig type, x number	Core size, diameter (mm)	Holes	Total meters
2021-22	Kluane Colombia SAS	KD-1000 x 1 KD-1700 x 1	HTW (70.92), NTW (56.0), BTW (42.0)	15	7,219.15
2021-22	Logan Drilling SAS	DL-600 x 1 LC-600 x 1 LC-800 x 1 MP-1000 x 1 TN-800 x 1	HTW (70.92), NTW (56.0), BTW (42.0)	56	20,399.00
2023-26	Kluane Colombia SAS	KD-1700 x 5 KD-1000 x 1 KD-200 x 2 KD-600 x 2	PQ (85.0), NQ (44.0), BQ (36.4), HQ3 (61.1), NQ3 (45.1), HTW (70.9), NTW (56.0), BTW (42.0)	274	119,464.40
2023-26	Logan Drilling SAS	DL-1000 x 1 LC-800 x 1	PQ (85.0), HQ (63.5), BQ (36.4), NQ3 (45.1)	12	3,766.95
2023-26	Globexplore	WPD900- GBX54 x 1	PQ (85.0), HQ (63.5), BQ (36.4), NQ (47.6)	1	360.20
			Total Exploration	358	151,209.70
2026	Perfotec	Hydracore 4000 x 1 Mancore 600 x 1	HQ (63.5)	12	360.2
			Total Drilling	370	152724.9

Target	Platforms	Drillholes	Total Length (m)	Meters (%)
Apollo	49	256	111,641.80	73.1
Box	6	16	5,403.60	3.5
Knife-Towers	3	6	1,729.40	1.1
ME	3	9	3,734.10	2.4
Plutus	6	26	9,494.75	6.2
Trap	11	38	16,622.95	10.9
X	2	5	1,646.90	1.1
Victory	1	2	936.20	0.6
Total Exploration Drilling	81	358	151,209.70	99.0
Geotechnical Drilling	12	12	1,515.20	1.0
Total Drilling	81	358	152,724.90	100.0

Target	Surveyed drillholes	Sum of Interval (m)
Apollo	40	13,183.16
Box	4	1,067.62
ME	1	362.15
Plutus South	2	664.83
Trap	13	5,111.85
Grand Total	60	20,389.61

Target	Number of samples	Paraffin-coated average density (g/cm3)
Apollo	5,427	2.72
ME	540	2.71
Plutus	1,172	2.67
The Box	806	2.72
Trap	3,196	2.66
X	304	2.69
Knife - Tower	136	2.67
Total	11,581	2.69

Hole	From	Length	Au	Ag	Cu	WO3	AuEq	Zone	Release Date
Hole	(m)	(m)	(g/t)	(g/t)	(%)	(%)	(g/t)	Zone	Release Date
APC151-D1	106.55	232.7	1.44	22	0.06		1.93	Shallow Halo Zone	May 6, 2026
Incl.	184.60	45.00	3.08	26	0.07		3.66
& Incl.	306.45	32.80	2.91	46	0.08		3.89
APC151-D2	123.45	160.15	1.81	14	0.05		2.13
Incl.	139.65	21.10	4.13	35	0.09		4.90
& Incl.	240.00	24.80	4.25	14	0.09		4.62
APC-161D	91.30	21.00	0.82	95			2.66		May 20, 2026
APC-162	194.25	6.70	3.37	34	0.03		4.06		June 29, 2026
and	296.00	13.00	5.09	12	0.04	0.09	6.78		June 29, 2026
APC-165	0.00	71.20	0.75	87			2.44		May 20, 2026
APC-167D	392.20	58.00	0.85	10	0.01		1.05		June 29, 2026
Incl.	425.80	7.15	3.16	38	0.01		3.91		June 29, 2026
APC-169D	12.80	56.00	0.30	79			1.83		May 20, 2026
APC-182	21.30	135.15	0.28	90	0.10		2.13		September 15, 2026
Incl.	21.30	49.05	0.15	24			0.61
Incl.	70.35	61.05	0.36	162	0.13		3.64
Incl.	131.40	25.05	0.30	39	0.14		1.21
APC-184	65.6	19.5	0.4	93	0.16		2.37	Shallow Halo Zone	October13 2026
and	107.6	1.5	0.08	351	0.16	0.42	13.65
APC-186	17.7	87.6	0.21	99	0.09	0.05	3.01
Incl.	77.65	26.1	0.11	286	0.22	0.18	8.71
Incl.	89.15	5.5	0.17	1283	0.57	0.83	38.68
APC-190	163.1	1.5	2.34	35			3.02
and	189.4	1.3	2.74	22			3.17
APC-193	0	149.55	0.28	32	0.09		1.00
Incl.	14.2	45.5	0.22	46	0.05		1.16
Incl.	59.7	14.7	0.33	103	0.16		2.50
Incl.	59.7	1.35	0.17	120	0.19	0.14	4.90

APC-208	312.95	49.85	1.76	33	0.28		2.70
Incl.	312.95	1.05	6.31	6	0.07	0.24	10.27
APC150-D4	128.75	8.15	8.47	4		0.40	14.83	New Tungsten-Enriched Schist Zone	September 24, 2026
APC-162	336.40	27.35	11.62	54	0.43	1.68	39.53	New Tungsten Enriched High-Grade Subzone	June 29, 2026
APC172-D2	19.65	141.40	4.75	5	0.02		4.87	Breccia Extension	September 1, 2026
Incl.	27.80	38.00	15.25	8	0.03		15.44	Breccia Extension	September 1, 2026
APC-171D	311.05	1.30	7.82	6			7.94	High-Grade Veins	September 24, 2026
APC-171D	823.15	1.15	55.5	109	0.35		57.99
APC-171D	949.65	1.25	28.6	6			28.72
APC171-D1	145.30	9.70	4.28	11	0.05		4.55
APC171-D2	43.70	5.30	5.56	53	0.15		6.75
APC171-D2	89.90	1.00	7.37	57	0.16		8.65
APC171-D2	181.50	2.60	6.14	10			6.33
APC171-D2	188.85	1.35	6.95	6			7.07
APC171-D2	299.45	1.25	8.20	5			8.30
APC140-D5	396.15	23.15	4.61	11.00			4.82	Western Ramp Zone	May 6, 2026
APC140-D6	384.00	5.30	37.04	28			37.58
APC140-D7	586.55	8.60	6.51	13			6.76
APC160-D1	433.10	116.25	1.23	11	0.02		1.46	Infill drilling	June 29, 2026
Incl.	433.10	15.15	2.09	15	0.02		2.40
& Incl.	532.00	17.35	4.46	23	0.04		4.95
and	790.00	28.80	1.55	8	0.03		1.74
APC160-D3	307.00	171.65	1.77	15	0.05		2.11		September 1, 2026
Incl.	335.60	44.90	4.66	13	0.02		4.93
APC160-D4	237.30	83.00	1.66	16	0.04		2.01
Incl.	292.45	15.30	3.64	28	0.07		4.26

Company	Laboratory	Method	Code	Procedure
Colombia Gold plc	not known	Preparation		Not known
		Au		Fire assay 30 g, AAS
		Au overlimit		Fire assay 30 g, gravimetry
		Multi-elements		ICP-AES
Colombian Mines	Inspectorate, Medellin and Reno (ISO/IEC 17025)	Preparation		Crush to -10 mesh, split 500 g, pulverise to -150 mesh.
		Au	FA/AA	Fire assay 30 g, AAS
		Au overlimit	FA/GRAV	Fire assay 30 g, gravimetry
		Multi-elements	ICP	ICP-AES
Colombian Mines (from June 2007)	SGS, Medellin and Callao (ISO 9001)	Preparation		Not known
		Au	FAA313	Fire assay 30 g, AAS
		Au overlimit		Fire assay 30 g, gravimetry
		Multi-elements	ICP12B	34 elements by aqua regia digestion, ICP-AES
Mercer Gold (soils, rocks)	SGS, Medellin and Callao (ISO 9001)	Preparation soils	SCR30	Dry, screen to -10 mesh and -80 mesh, pulverise to P95 -140 mesh.
		Preparation rocks	PRP94	Dry, crush to -1/4 inch and -10 mesh, split 250 g, pulverise to P95 -140 mesh.
		Au	FAA313	Fire assay 30 g, AAS
		Au	FAI303	Fire assay 30 g, ICP
		Multi-elements	ICP40B	32 elements by 4 acid digestion, ICP-AES
		Multi-elements	ICP12B	34 elements by aqua regia digestion, ICP-AES
Mercer Gold (core)	Acme, Medellin and Vancouver (ISO 9001)	Preparation	R200	Crush 1 kg to p80 -10 mesh, split 250 g, pulverise to p85 -200 mesh.
		Au	G6	Fire assay 30 g, AAS
		Ag	7AR1	Aqua regia digest, ICP-AES
		Multi-elements	1D02	34 elements by aqua regia digestion, ICP-AES