UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549  

 

 

Form 6-K

 

 

 

REPORT OF FOREIGN PRIVATEISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGEACT OF 1934

 

Forthe month of July, 2025

Commission File Number:001-42170 

 

 

 

Collective Mining Ltd.

(Translation of registrant’sname into English)

 

 

 

 

82 Richmond Street East, 4th Floor

Toronto, Ontario

Canada, M5C 1P1

(Address of principal executiveoffice)

 

 

 

Indicate by check mark whether the registrant files or willfile annual reports under cover of Form 20-F or Form 40-F.

Form 20-F Form40-F

 

 

 
 

 

EXHIBIT INDEX    

EXHIBIT

NO.

  DESCRIPTION
99.1   Press release dated July 21, 2025

 

 

 
 

SIGNATURES

 

Pursuant to the requirementsof the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereuntoduly authorized.

 

 
Collective Mining Ltd.
Date: July 21, 2025    
  By: /s/ Paul Begin
  Name: Paul Begin
  Title: Chief Financial Officer and Corporate Secretary

 

 

 

 

 

Exhibit99.1

 

 

 

Collective Mining Drills 442.35 Metres at 2.16g/t Gold Equivalent Commencing from Surface at Apollo

High-grade gold, copper, silver and tungsten assay resultshave been received for a further five holes from its ongoing drilling program designed to outline and expand the near surface zone ofmineralization at the Apollo system with highlighted results as follows:
442.35 metres @ 2.16 g/t gold equivalent (1.18 g/tgold, 43 g/t silver, 0.21% copper and 0.05% WO3) from surface (APC-125) including 68.05 metres @ 4.55 g/t gold equivalent.The hole bottomed while still in strong mineralization.
325.10 metres @ 2.03 g/t gold equivalent (0.98 g/tgold, 27 g/t silver, 0.47% copper, and 0.03% WO3) from 8 metres below surface (APC-126)

TORONTO, July 21, 2025 /CNW/ - Collective MiningLtd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce assay results for fivediamond drill holes designed to better outline and expand the shallow portion of gold-silver-copper-tungsten mineralization at the Apollosystem ("Apollo"). Apollo, which begins at surface, is strongly mineralized over 1,200 vertical metres, is open at depth andis the most advanced discovery made to date within the Company's multi-target, Guayabales Project in Caldas, Colombia.

The Company currently has ten drill rigs operatingas part of its fully funded 70,000 metre drill program for 2025 with eight rigs operating at the Guayabales Project and two rigs turningat the San Antonio Project. Drilling at the Guayabales Project is focused on multiple objectives which include defining the shallow mineralization,expanding and identifying new high-grade sub-zones, expanding the high-grade Ramp Zone at depth and testing a series of Apollo look-alikegravity targets which were recently announced (see press release dated June 30, 2025). The first of two deep capacity drill rigs is nowoperating at site and is extending a previous step-out hole which failed to reach its intended depth when targeting the Ramp Zone. Oncecompleted, this rig will begin drilling a new mother hole for a planned series of directional intercepts into the Ramp Zone. A seconddeep capacity rig, also designed to expand upon the high-grade Ramp Zone discovery, is expected to arrive at site in Q3, 2025.

Approximately 131,500 metres of diamond drilling hasbeen completed to date at the Guayabales Project, including 92,000 metres at Apollo. There are currently thirty-one drill holes in thelab with assay results for most of these holes expected in the near term.

Ari Sussman, Executive Chairman commented: "Shallowdrilling at Apollo continues to exceed expectations as we are expanding the near surface envelope of mineralization and improving uponboth the grade and confidence in the model."

"Deep drilling that is targeting the Ramp Zoneis now underway with the arrival of our first large capacity rig to site. The deep capacity rig is almost finished extending a previousdrilled hole which did not reach its intended depth due to the original rigs capacity. Visual inspection of this hole indicates that RampZone style mineralization is being encountered and if assay results are favorable, the hole would extend the Ramp Zone by approximately250 meters to the east of all prior drilling. Additionally, we are currently drill testing the ME, Knife and X gravity targets and soonplan to begin drilling at the Apollo South gravity target in hopes of making another major discovery before the end of 2025."

Details (see Table 1 and Figures 1-3)

Five drill holes drilled from Pad 22, Pad 23 and Pad 25 intersectedhigh-grade gold, silver, copper and tungsten mineralization from at or near surface with results as follows:
442.35 metres @ 2.16 g/t gold equivalent from surface(APC-125) and bottoming in high-grade mineralization including:
68.05 metres @ 4.55 g/t gold equivalent from 3.10 metres
61.40 metres @ 3.46 g/t gold equivalent from 279.30 metres
The intercept in hole APC-125 extended the mineralizationto surface and improved the grade in this location within the Company's internal block model.
325.10 metres @ 2.03 g/t gold equivalent from 8.0 metres downhole(APC-126) including:
40.55 metres @ 3.21 g/t gold equivalent from 15.50 metres
72.15 metres @ 3.15 g/t gold equivalent from 99.65 metres
99.75 metres @ 2.09 g/t gold equivalent from 20.95 metres downholeincluding 22.45 metres @ 5.17 g/t gold equivalent (APC-124 drilled to the north from Pad 23).
95.85 metres @ 2.66 g/t gold equivalent from 30.80 metres downholeincluding 29.15 metres @ 3.99 g/t gold equivalent (APC-129 drilled to the northeast from Pad 25).
221.10 metres @ 1.33 g/t gold equivalent from 7.55 metres downholeincluding 20.25 metres @ 2.95 g/t gold equivalent from 31.90 metres downhole (APC-131 drilled to the north from Pad 25).
Seventy percent of the drill program targeting the shallowestportion of Apollo has now been completed, with assays still pending for five holes and additional holes being drilled. To date, drillintercepts from the shallow program have expanded the volume of the shallow mineralized area by approximately 5 percent. Once the shallowdrilling program has been completed, the average drill hole spacing will be 35 metres from surface to a vertical depth of 150 metres.

Table 1: Assays Results for Drill Holes APC-124,APC-125, APC-126, APC-129 and APC-131

Hole # From
(m)
To
(m)
Length
(m)
Au
g/t
Ag
g/t
Cu
%

WO3

%

AuEq
g/t*
APC-124 20.95 120.70 99.75 1.30 16 0.27 0.07 2.09
Incl. 20.95 43.40 22.45 4.36 18 0.35 0.07 5.17
APC-125 0.00 442.35 442.35 1.18 43 0.21 0.05 2.16
Incl. 3.10 71.15 68.05 3.06 29 0.17 0.28 4.55
& Incl. 279.30 340.70 61.40 1.94 85 0.36 0.00 3.46
APC-126 8.00 333.10 325.10 0.98 27 0.47 0.03 2.03
Incl. 15.50 56.05 40.55 2.19 17 0.33 0.12 3.21
& Incl. 99.65 171.80 72.15 0.72 62 1.20 0.01 3.15
& Incl. 217.00 243.60 26.60 2.62 10 0.21 0.04 3.07
APC-129 30.80 126.65 95.85 0.76 55 0.52 0.15 2.66
Incl. 35.80 64.95 29.15 1.89 32 0.35 0.36 3.99
APC-131 7.55 228.65 221.10 0.71 14 0.28 0.02 1.33
Incl. 31.90 52.15 20.25 2.70 5 0.10 0.04 2.95
& Incl. 75.55 94.95 19.40 1.69 6 0.14 0.07 2.16
& Incl. 144.15 228.65 84.50 0.67 31 0.60 0.01 1.88

AuEq (g/t) is calculated as follows: (Au (g/t)x 0.97) + (Ag (g/t) x 0.015 x 0.85) + (Cu (%) x 1.44 x 0.95) + (WO3 (%) x 4.84 x 0.72) utilizing metal prices of Au -US$2,200/oz, Ag - US$33/oz, Cu - US$4.62/lb and WO3 - US$15.51/lb and recovery rates of 97% for Au, 85% for Ag, 95% forCu and 72% for WO3. Recovery rate assumptions for metals are based on metallurgical results announced on October 17, 2023,April 11, 2024, and October 3, 2024. True widths are between 60%-100% of the total length and grades are uncut


Figure 1: Plan View of the Apollo System HighlightingDrill Holes in this Release (CNW Group/Collective Mining Ltd.)


Figure 2: Drill Core Tray Photo Highlighting High-GradeMineralization Encountered Close to Surface in Drill Hole APC-124 (CNW Group/Collective Mining Ltd.)


Figure 3: Plan View of the Guayabales Project Highlightingthe Apollo Target Area (CNW Group/Collective Mining Ltd.)

About Collective Mining Ltd.

To see our latest corporate presentation and relatedinformation, please visit www.collectivemining.com.

Founded by the team that developed and sold ContinentalGold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective is a gold, silver, copper and tungsten explorationcompany with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within anestablished mining camp with ten fully permitted and operating mines.

The Company's flagship project, Guayabales, is anchoredby the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company'sobjectives are to improve the overall grade of the Apollo system by systematically drill testing newly modeled potentially high-gradesub-zones, expand the Apollo system by stepping out along strike to the north and expanding the newly discovered high-grade Ramp Zonealong strike and to depth and drill a series of less advanced or newly generated targets including Trap, the Knife and X. Additionally,the Company has launched its largest drilling campaign in history at the San Antonio Project as it hunts for a large bulk-tonnage porphyrysystem.

Management, insiders, a strategic investor and closefamily and friends own 44.5% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Companyis listed on both the NYSE and TSX under the trading symbol "CNL".

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Personfor this news release within the meaning of National Instrument 43-101 ("NI 43-101") and has reviewed and verified that thetechnical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in EconomicGeology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Samples were cut by Company personnel at CollectiveMining's core facility in Caldas, Colombia. Diamond drill core was sawed and then sampled in maximum 2 metres intervals, stopping at geologicalboundaries. Drill hole core diameter is a mix of PQ, HQ and NQ depending on the depth of the drill hole.

Core samples have been prepared and analyzed at ALSlaboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into thesample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for futureassay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski73) onX

Follow Collective Mining (@CollectiveMini1) onX, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram

FORWARD-LOOKING STATEMENTS 

This news release contains "forward-looking statements"and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-lookingstatements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations,estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations,beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans","expects", "is expected", "budget", "scheduled", "estimates", "forecasts","intends", "anticipates", or "believes" or variations (including negative variations) of such words andphrases, or state that certain actions, events or results "may", "could", "would", "might" or"will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In thisnews release, forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs;future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.

These forward-looking statements, and any assumptionsupon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction ofour business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertaintiesand other factors which may cause the actual results, performance or achievements of the Company to be materially different from any futureresults, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risksrelated to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position;possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of futureeconomic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forwardprices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and localgovernment, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with thebusiness of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpectedformation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws andregulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenouspopulations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral explorationand development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title toproperties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025.Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to updateany forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicablesecurities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future eventscould differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated,estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.

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SOURCE Collective Mining Ltd.

 

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%CIK: 0001953575

For further information: Investors and Media: Paul Begin, Chief FinancialOfficer, p.begin@collectivemining.com, +1 (416) 451-2727

CO: Collective Mining Ltd.

CNW 06:30e 21-JUL-25