Collective Mining | Corporate Presentation - June 2025
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Collective Mining | Corporate Presentation - June 2025 To learn more, please visit our website: www.collectivemining.com
Collective Mining | Corporate Presentation - June 2025
- 1. A T E A M W I T H A P R OV E N T R A C K R EC O R D O F S U C C E S S H A S M A D E A N OT H E R M A J O R D I S C OV E RY I N C O LO M B I A
- 2. This presentation does not constitute an offering of securities and the information contained herein is subject to the information contained in the Company's continuous disclosure documents. All amounts expressed in Canadian $ unless otherwise stipulated. Forward-looking Statements This presentation includes certain statements that constitute "forward-looking statements", and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). These statements appear in a number of places in this presentation and include statements regarding our intent, or the beliefs or current expectations of our officers and directors. Such forward- looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this presentation words such as "intends", "expects", "will be", "underway", "targeted", "planned", "objective", "expected", "potential", "continue", "estimated", "would", "subject to" and similar expressions are intended to identify these forward-looking statements. Although Collective Mining Inc. (the "Company” or “Collective”) believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in the Company's periodic filings with Canadian securities regulators, and assumptions made with regard to the ability to advance exploration efforts at the San Antonio and Guayabales projects; the results of such exploration efforts; and the Company’s ability to advance its projects and achieve its growth objectives. These forward-looking statements are based largely on current expectations and projections about future events and financial trends affecting the financial condition of our business. These forward-looking statements were derived using numerous assumptions regarding expected project parameters, results of operations, performance and business prospects and opportunities that could cause actual results to differ materially from those in the forward-looking statements. While the company considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Forward-looking statements are based on information available at the time those statements are made and/or management's and/or its qualified persons' good faith belief as of that time with respect to future events, and are subject to information currently available, they may prove to be incorrect. Forward-looking statements are based on information available at the time those statements are made and/or management's and/or its qualified persons' good faith belief as of that time with respect to future events, and are subject to known and unknown risks and uncertainties outlined in the Company's corporate disclosure and other documents filed on www.sedar.com, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Forward- looking statements speak only as of the date those statements are made. Except as required by applicable law, we assume no obligation to update or to publicly announce the results of any change to any forward-looking statement contained herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward- looking statements. If we update any one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. You should not place undue importance on forward-looking statements and should not rely upon these statements as of any other date. All forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement. **The reader should take caution as the information on adjacent properties is not necessarily indicative of the mineralization on the Guayabales Project as there are no assurances that the Company will be successful in defining and delineating a mineral resource estimate in the future. Technical Information The technical information contained in this document has been reviewed and approved by David Reading, M.Sc., Economic Geology. FIMMM*, Special Advisor of Collective who is a “Qualified Person” under NI 43-101. Disclaimer *AuEq (g/t) is calculated as follows: (Au (g/t) x 0.97) + (Ag (g/t) x 0.016 x 0.88) + (Cu (%) x 1.79 x 0.90)+ (Mo (%)*11.62 x 0.85) + (WO3 (%)*5.47 x 0.72) utilizing metal prices of Cu – US$3.95/lb, Ag – US$25/oz, Mo - US$20/lb, WO3 - US$32,500/t and Au – US$1,850/oz and recovery rates of 97% for Au, 88% for Ag, 85% for Mo, 72% for WO3 and 90% for Cu. Recovery rate assumptions for gold are based on metallurgical results announced on October 17, 2023 and April 11, 2024. Recovery rates for copper, molybdenum, tungsten and silver are speculative as limited metallurgical work has been completed to date on these metals. True widths are unknown, and grades are uncut. 2
- 3. Well trusted, knowledgeable and successful management team in Colombia. The Collective Edge Robust Colombian focused model that integrates the Company's business plan with all stakeholders in a "Collective" manner. Responsible for discovering and building the largest gold mine in Colombia. Highly specialized talent in generating grassroot exploration targets has resulted in multiple discoveries. Sold for C$2 billion (in EV) March 2020 (550% return) Built the largest gold mine in Colombia Track Record of Creating Value 3
- 4. Capital Structure and Analyst Research Share Ownership * As of March 31, 2025 4 Common Shares Outstanding 84.8M Stock Options 4.3M Fully Diluted Shares Outstanding 89.1M Cash * US$78.0M Firm: Clarus Securities Inc. Analyst: Varun Arora, MBA Target price: C$20.00 Firm: Ventum Financial Analyst: Phil Ker, P. Geo, MBA Target price: C$17.75 Analyst Research Coverage Firm: Canaccord Genuity | Capital Markets Analyst: Peter Bell, M.Sc, P.Geo Target price: C$14.25 Firm: BMO Capital Markets Analyst: Andrew Mikitchook Target price: C$15.00 Firm: Roth Capital Analyst: Mike Niehuser Target price: US$11.00 Firm: Scotiabank Analyst: Ovais Habib Target price: C$15.00 22.4% 25.9% 51.7% Management Insiders + Strategic Other
- 5. Board of Directors Ari Sussman, Executive Chairman Former CEO and director of Continental Gold, which was sold to Zijin Mining for $2 billion. Raised over $1 billion for various mining related ventures. Former special advisor to Continental Gold, CEO of European Goldfields (sold to Eldorado) and head of exploration for Randgold. David Reading, MSc. Economic Geology Special Advisor Regarded as one of the preeminent porphyry geologists in the world who also serves as a research scientist for the U.S. Geological Survey and Director of the Mineral Deposit Research Unit at the University of British Columbia. Special Advisor Richard Tosdal, PhD. Former Vice President Legal for Continental Gold and recognized expert on Colombian mining industry. Omar Ossma President Served as chief financial officer of Continental Gold and was instrumental in raising $500 million of project funding debt packages. Paul Begin, CA, MBA Chief Financial Officer 5 Key Management Jasper Bertisen Mining finance expert with a strong background in investment strategy and corporate development. He has spent the majority of his career in mining private equity with Resource Capital Funds. María Constanza García Botero, MA Broad mix of Colombian public and private sector experience. Former president of the Colombian National Mining Agency (ANM). Ex Deloitte and Semana Magazine. Ashwath Mehra, BSc Former Executive Chairman and founder of GT Gold, which was sold to Newmont Mining for $311 million. Founder of Glencore PLC. Angela María Orozco Gómez 30 years of government and international experience, including ex minister of Transport and Infrastructure. Former Chief Technical Officer at Kinross Gold with 25+ years leading global gold, copper, and nickel projects. Ned Jalil CEO
- 6. Colombia: A Well Established Mining Jurisdiction 6 Segovia Large–Scale Operating Mines Guayabales & San Antonio Collective Mining El Descanso Cerro Matoso El Roble Cerrejón Marmato Esmeralda El Santuario Project Company Commodity Stage Type Cerro Matoso South 32 Ni Production Open-pit Cerrejón Glencore Coal Production Open-pit El Descanso Drummond Coal Production Open-pit El Santuario Paz del Río Iron Ore Production Open-pit Esmeralda Cemex Limestone Production Open-pit San Antonio Argos Limestone Production Open-pit Buriticá Zijin - Continental Gold Au, Ag Production Underground Segovia Aris Mining Au, Ag Production Underground Marmato Aris Mining Au, Ag Construction Underground El Roble Atico Mining Cu, Au Production Underground Guayabales Collective Mining Cu, Ag, Au Exploration - San Antonio Collective Mining Au, Ag Exploration - San Antonio Buriticá * Since September 2022, eight licenses have been issued in the country (four open pit & four underground)
- 7. Caldas the most desirable mining jurisdiction in Colombia 500+ year mining history – Pro-mining area of Colombia Industrial based economy with excellent infrastructure High level of education Excellent security 7
- 8. Located Contiguous to a Multi-Million Ounce Producing Mine Option to earn 100% interest in the Guayabales and San Antonio projects. Located next to Aris Mining’s multi-million-ounce Marmato project which is currently in construction. District never consolidated until now despite a 500+ year mining history. Abundant labour, hydro power and supportive government. Guayabales and San Antonio are within a multi-kilometre porphyry cluster district. Operating in an Established Mining Camp 8 **Please refer to disclaimer slide #2 for cautionary statement.
- 9. Guayabales: Seven Targets to be Drilled in 2025 9 10 permitted & operating mines in a 3km area within an established mining camp. Multiple discoveries made through reconnaissance drilling since 2022. 100,000+ meters of drilling completed.
- 10. Apollo System Section: High-Grade Continuity from Surface 10
- 11. Apollo vs Marmato: Two Giants Side by Side 11 **Please refer to disclaimer slide #2 for cautionary statement.
- 12. Deep Drilling Aligns with Potential Future Development 12 Approximate location of the Panamerican Highway
- 13. 13 Apollo: Large-Scale and Continuing to Expand Two Deposits at Different Elevations: • Shallow: Bulk tonnage Au-Ag-Cu-W Deposit • Deep: Potentially Reduced Intrusion Related (Au-Ag-Bi-Te) • 72,500 meters (159 holes) completed Expansion drilling underway (4 rigs) • Test high-grade subzones to improve overall grade (and ounces) • Expand new Ramp Zone discovery • Expand northern boundary of Apollo Excellent metallurgy Geologically similar to giant deposits: • Telfer and Havieron (Greatland Gold) • Wimu (Rio Tinto)
- 14. 14 Two rigs stepping out along strike to the SE. Porphyry unit overprinted by high-grade sheeted CBM veins. 1.4 kilometers of strike and open for further expansion. Trap Target Trap System: Second Major Discovery Made in 2024
- 17. Gold-Copper Rich Grassroots Porphyry Discovery in SAC-11 Two drill rigs vectoring throughout 2025 to hunt for a high-grade porphyry system San Antonio’s Pound Target: Significant Discovery? 17
- 18. Guayabales Project Targets Apollo: Expand the new Ramp Zone and shallow high- grade Subzone discoveries Trap: Expand the system to the northwest and vector toward the potential mineralized porphyry feeder source X and The Knife Target: Reconnaissance drilling in Q2-Q3 Advance new targets to drill-ready status San Antonio Project Targets Pound: Drilling underway COP, Euro and Real: Drill in H2, 2025 1 2 3 18 4 2025 Plan: 70,000 Metre Drilling Program 1 2
- 19. Sustainability: The Collective Model – Dialogue Platform 19 Multi-stakeholder platform focused on energy efficiency, conservation, social, economic and infrastructure development. 27/33 signatories to the voluntary agreement. 80 attendees at the dialogue sessions. 2 sustainability sessions held (Mayors and CHEC). 1 youth session held. Energy transition as one of the articulating axes of the process. Key achievements to date:
- 20. Sustainability Best Practices Strategic alliance with the Coffee Growers Committee of Caldas and local governments to educate on the benefits of coffee and mining coexistence, improve water and transportation infrastructure and support local coffee producers. Jointly implementing academic and research projects focused on improving scientific knowledge in the department of Caldas. Partnerships to Strengthen Our Communities 2023 a Year of Success University of Caldas Alliance 20 A total of $600,000 was invested, through our alliances, benefitting 3,630 people.
- 21. Upcoming Catalysts: 2025 Drill Program Underway 21 Project Target Outcome Status Guayabales Apollo Discovery June 2022 Drilling underway ME Discovery December 2023 Drilling underway The Knife Undrilled Drilling in Q2 2025 X Undrilled Drilling in early Q3 2025 Trap Discovery January 2024 Drilling in H2 2025 Box Discovery August 2024 Phase II drilling in planning stage Plutus Discovery October 2023 Phase II drilling in planning stage San Antonio Pound Discovery October 2021 Drilling underway COP, Euro and Real Undrilled Drilling in H2 2025
- 22. D I S C O V E R I N G C O LO M B I A’ S N E X T W O R L D - C L A S S M I N E R A L D E P O S I T Appendix
- 23. Outstanding Payments to Acquire Project Portfolio Option to acquire 100% interest in both projects with no underlying private royalties Guayabales Project San Antonio Project 23 Year Amount (US$) 2025 333,332 2026 583,332 2027 583,332 2028 583,332 2029 583,332 Option Payments Total 2,666,660 2030-2031: production decision related bullet payments 12.5 million Year Amount (US$) 2025 420,000 2026 750,000 2027 750,000 Option Payments Total 1,920,000 On Start of Production 2,500,000
- 24. 24 Guayabales: A Major Complex with Significant Dimensions
- 25. 25 Apollo System: Select Drill Results
- 26. Apollo: Outcropping in High-Grade Oxide Mineralization 26 High-Grade Au-Ag-Cu-Wo3 System
- 27. Apollo Model: Remarkable Mineral Endowment (Cross Section) 27
- 28. Plutus Target: Deep Drilling Planned South: Large coincidental copper & molybdenum in-soil anomaly lying above a magnetic high. Located approximately 1.5 km north of the Marmato mine. North: Breccia discovery (2023) • 136.45m @ 1.31 g/t AuEq Reconnaissance drill program on southern Cu-Au porphyry target completed. Deep drilling planned Plutus Porphyry Center 28
- 29. 29 Our Exploration Strategy Guayabales Project: Targeting a Multi-Million Ounce Gold Camp Apollo, Trap Plutus North, ME X, Tower, Plutus South, Box, Victory Baco, Crono, The Knife Amagá Target name