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 June, 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 June 24, 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: June 24, 2025    
  By: /s/ Paul Begin
  Name: Paul Begin
  Title: Chief Financial Officer and Corporate Secretary

 

 

 

 

 

Exhibit99.1

 

 

 

Collective Mining Discovers a New Copper-SilverRich Sub-Zone in Apollo, Intersecting 114.40 metres at 4.14 g/t Gold Equivalent

•A new high-grade sub-zone ("HZ2"), enriched in copper and silver,has been discovered in the Apollo system. HZ2, which remains open for expansion, is the second high-grade sub-zone found by the Companywith assay results as follows:
•114.40 metres @ 4.14 g/t AuEq (1.06 g/t Au, 150 g/t Ag and 0.64% Cu)including;
•57.25 metres @ 5.64 g/t gold equivalent (1.22 g/t Au, 221 g/t Ag and0.89% Cu) in APC107-D5.
•159.05 metres @ 3.01 g/t AuEq (1.19 g/t Au, 98 g/t Ag and 0.43% Cu)including;
•59.25 metres @ 5.01 g/t gold equivalent (1.63 g/t Au, 196 g/t Ag and0.68% Cu) in APC107-D4.
•The original high-grade gold-rich sub-zone ("HZ1") first announcedby the Company on December 16, 2024, has been extended 50 metres to the west by hole APC107-D2, which cut:
•67.50 metres @ 5.38 g/t AuEq within 377.85 metres @ 2.13 g/t goldequivalent.
•HZ1 now has dimensions of 230 metres of strike, 70 metres in thicknessand over 180 metres vertical and includes previously announced intercepts of 150.55 metres @ 6.16 g/t AuEq (APC104-D1) and 106.35 metres@ 9.05 g/t AuEq (APC104-D5) (see press releases dated December 16, 2024, and February 24, 2025). HZ1 remains open in most directions.
•A potential third high-grade sub-zone, which requires follow-up confirmationdrilling, has been intersected northwest of HZ2 in drill hole APC107-D3 as follows:
•123.75 metres @ 3.03 g/t AuEq (1.24 g/t Au, 91 g/t Ag and 0.43% Cu).
•The Company continues to target up to 11 potential high-grade sub-zonesthroughout the top 1,000 metres of the Apollo system with a goal of further improving the overall grade (and total mineral inventory).

TORONTO, June 24, 2025 /CNW/ - CollectiveMining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce further assayresults for five directional diamond drill holes from its ongoing drilling program designed to discover and outline high-grade sub-zoneswithin the bulk tonnage Au-Ag-Cu-W Apollo system ("Apollo"). Apollo is the most advanced discovery made to date within the Company'smulti-target, Guayabales Project in Caldas, Colombia.

The Company currently has nine drill rigs operatingas part of its fully funded 70,000 metre drill program for 2025 with seven rigs operating at the Guayabales Project and two rigs turningat the San Antonio Project. Two additional deep capacity rigs are being mobilized to the Guayabales Project to resume testing the high-gradeRamp Zone located at the bottom of the Apollo system in Q3, 2025.

The 2025 objectives for the portion of the drillingprogram targeting the Apollo system are:

•Drill test newly modeled high-grade sub-zone targets scattered throughoutthe top 1,000 vertical metres from surface to improve the grade profile (and size) of the system.
•Grow the overall dimensions of the system by expanding vertically and laterallythe recently discovered high-grade Ramp Zone and northern extension.
•Expand and define the area of outcropping/shallow mineralization and testmany drilling gaps within the internal block model from surface to a depth of 150 metres.

Approximately 125,500 metres of diamond drilling hasbeen completed to date at the Guayabales Project, including 87,000 metres at Apollo. There are currently twenty-five drill holesin the lab with assay results for most of these holes expected in the near term.

Ari Sussman, Executive Chairman commented: "Apollocontinues to deliver in terms of size and grade. The discovery of HZ2 is pleasing as this zone is surprisingly rich in copper and silverover bulk tonnage drilled widths. If we continue to discovery new sub-zones of higher-grade mineralization within Apollo, the overallgrade of the system will increase and will give us excellent mining flexibility to incorporate into future mine scenarios.

The next few months are going to be exciting as weare on the cusp of accelerating our largest greenfield drilling program in the Company's history at the Guayabales and San Antonio projects.Up to four rigs will be drilling grassroot targets at Guayabales hunting for another Apollo system and up to an additional three rigswill be turning at San Antonio in search of a large bulk tonnage porphyry system. We believe there is another major discovery to be madebetween the two projects and our team is ready to deliver on this challenge."

To watch a video of David Reading, Special Advisorto the Company and QP under NI43-101 explain today's results please click on the link here.

Details (see Table 1 and Figures 1-4)

•A series of five directional drill holes, from new mother hole APC-107D (Pad17),continue to discover and outline high-grade sub-zones at shallow elevations in Apollo.

New High-Grade Sub-Zone Discovery 2 ("HZ2")

•Holes APC107-D4 and APC107-D5 were drilled at the southern margin of the Apollosystem and discovered a new high-grade sub-zone rich in copper and silver ("HZ2"). The following intercepts are highlightedfor new high-grade sub-zone HZ2:
•APC107-D4 intercepted 159.05 metres @ 3.01 g/t gold equivalent (1.19 g/tgold, 98 g/t silver and 0.43% copper) from 48.50 metres including:
•59.25 metres @ 5.01 g/t gold equivalent (1.63 g/t gold, 196 g/t silverand 0.68% copper) from 91.85 metres
•APC107-D5 intersected 114.40 metres @ 4.14 g/t gold equivalent (1.06 g/tgold, 150 g/t silver and 0.64% copper) from 172.95 metres including:
•57.25 metres @ 5.64 g/t gold equivalent (1.22 g/t gold, 221 g/t silverand 0.89% copper) from 210.10 metres

HZ2 is open to the northeast and vertically with furtherfollow up drilling planned.

High-Grade Sub-Zone 1 ("HZ1")

•Drill hole APC107-D2 has also extended the first discovered and primarilygold rich, high-grade sub-zone HZ1 by 50 metres to the west by intercepting:
•67.50 metres @ 5.38 g/t gold equivalent within 377.85 metres @ 2.13 g/tgold equivalent (1.40 g/t gold, 37 g/t silver and 0.21% copper)

HZ1 now has dimensions of 230 metres of strike, 70metres in thickness and over 180 metres vertical and includes previously announced intercepts of 150.55 metres @ 6.16 g/t AuEq inAPC104-D1 and 106.35 metres @ 9.05 g/t AuEq in APC104-D5 (press releases dated December 16, 2024, and February 24, 2025)

•Drillhole APC107-D3 was drilled westward and intersected a potential third,high-grade sub-zone, to the west of HZ2 by intercepting:
•123.75 metres @ 3.03 g/t gold equivalent from 156.45 metres including:
•20.20 metres @ 5.15 g/t gold equivalent from 181.00 metres and
•18.55 metres @ 3.87 g/t gold equivalent from 236.50 metres
•49.30 metres @ 2.23 g/t gold equivalent from 336.65 metres

Follow up drilling is required to see if this potentialnew high-grade subzone extends to the north and vertically where it is open for expansion.

•Hole APC107-D1 was an infill hole into a gap in the block model and successfullyintersected mineralization at a similar grade profile to the internal block model as follows:
•353.50 metres @ 1.94 g/t gold equivalent from 61.60 metres including:
•27.60 metres @ 3.01 g/t gold equivalent from 61.60 metres and
•30.05 metres @ 2.98 g/t gold equivalent from 217.95 metres and
•32.75 metres @ 2.20 g/t gold equivalent from 361.45 metres
•A significant backlog of drill holes are in the lab with results expectedto be released consistently for the remainder of the year.

Table 1: Assays Results for Drill Holes APC107-D1,APC107-D2, APC107-D3, APC107-D4 and APC107-D5

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

WO3

%

 AuEq
g/t*
APC107-D1 61.60 415.10 353.50 0.96 51 0.26 - 1.94
Incl. 61.60 89.20 27.60 2.44 35 0.09 0.02 3.01
& Incl. 217.95 248.00 30.05 2.45 37 0.09 - 2.98
& Incl. 361.45 394.20 32.75 1.99 18 0.03 - 2.20
APC107-D2 18.80 396.65 377.85 1.40 37 0.21 - 2.13
Incl. 100.15 156.40 56.25 0.94 102 0.60 - 3.03
& Incl. 316.00 383.50 67.50 5.34 11 0.03 - 5.38
APC107-D3 156.45 280.20 123.75 1.24 91 0.43 0.02 3.03
Incl. 181.00 201.20 20.20 3.38 91 0.48 0.01 5.15
& Incl. 236.50 255.05 18.55 1.85 117 0.43 - 3.87
and 336.65 385.95 49.30 1.94 22 0.05 - 2.23
APC107-D4 48.50 207.55 159.05 1.19 98 0.43 0.01 3.01
Incl. 91.85 151.10 59.25 1.63 196 0.68 - 5.01
APC107-D5 172.95 287.35 114.40 1.06 150 0.64 0.09 4.14
Incl. 210.10 267.35 57.25 1.22 221 0.89 0.12 5.64

*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% for Cu 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 unknown, and grades are uncut.

 

 

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


Figure 2: Apollo Metal Zonation Over 1,200Metres Highlighting High-Grade Sub-Zone 1 and Sub-Zone 2 (CNW Group/Collective Mining Ltd.)


Figure 3: Drill Core Tray Photo Highlighting a Sectionof Drill Hole APC107-D5 (CNW Group/Collective Mining Ltd.)


Figure 4: 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.

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 16:01e 24-JUN-25