Collective Mining Hits 14.25 m @ 6.49 g/t AuEq Outside Apollo Resource at Pad43
CNL is trading near its 52-week low of $9.77 (10% above the low).
Summary
Collective Mining reported high-grade gold outside the Apollo Mineral Resource in the eastern Shallow Halo Zone, including 14.25 m @ 6.49 g/t AuEq at Pad43, with 44 of 47 SHZ holes drilled since the September 8 maiden resource beating the open-pit cut-off grade.
Key Events · Product Development and Regulatory · CNL
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High-Grade Gold Outside Resource at Pad43
APC-218 returned 14.25 m @ 6.49 g/t AuEq (5.49 g/t Au, 52 g/t Ag) from 81.60 m, including 3.60 m @ 18.83 g/t AuEq, and APC-204 returned 67.25 m @ 1.58 g/t AuEq from 95.00 m, including 19.70 m @ 4.42 g/t AuEq.
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Broad Near-Surface Mineralization at Pad35
APC-226 intersected 197.40 m @ 0.74 g/t AuEq from 2.85 m, including 30.55 m @ 2.02 g/t AuEq from 25.50 m in oxide rock, largely outside the current Mineral Resource.
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44 of 47 SHZ Holes Beat Cut-Off
Since the September 8, 2026 maiden Mineral Resource, 44 of 47 Shallow Halo Zone holes have returned intervals above the 0.30 g/t AuEq open-pit cut-off grade, with much of the mineralization outside the current resource.
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Fully Funded With US$93.7M Cash
The company reported US$93.7 million in cash as of June 30, 2026, funding the planned 2026 program of up to 90,000 meters of drilling with 13 rigs operating.
Analysis · CNL · Energy & Transportation
These are incremental exploration results, not a resource update, but they matter because they come from ground outside the current Apollo Mineral Resource and from pads that had not been drilled before. The eastern Shallow Halo Zone delivered the headline grades — 14.25 m @ 6.49 g/t AuEq at Pad43 and 67.25 m @ 1.58 g/t AuEq at APC-204 — while Pad35 returned 197.40 m of near-surface mineralization starting at 2.85 m. Since the September 8 maiden resource, 44 of 47 SHZ holes have beaten the 0.30 g/t AuEq open-pit cut-off, supporting the case that the resource can grow within the existing pit shell. With US$93.7 million in cash as of June 30, 2026, the company is fully funded, so this is resource growth rather than a financing story. The next hard data point is the updated Mineral Resource, guided to Q4 2027 to Q1 2028, with a Preliminary Economic Assessment to follow.
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At the time of this filing, CNL was trading at $10.78 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $932M. The 52-week trading range was $9.77 to $21.97. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.