Collective Mining Unveils Maiden Apollo Resource: 5.4 Moz AuEq
CNL sits 73% above its 52-week low of $9.77 on elevated volume (2.3× avg).
Summary
Collective Mining announced a maiden Mineral Resource of 2.58 Moz AuEq Indicated and 2.83 Moz AuEq Inferred at its Apollo deposit in Colombia, with a high-grade underground Ramp Zone and a low-strip open pit.
Key Events · Product Development and Regulatory · CNL
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Maiden Apollo Resource: 5.4 Moz AuEq
Indicated Mineral Resources of 37.0 Mt @ 2.17 g/t AuEq for 2.58 Moz AuEq, plus Inferred of 48.2 Mt @ 1.83 g/t AuEq for 2.83 Moz AuEq.
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High-Grade Ramp Zone Underground
Ramp Zone below 1,000 masl contains 1.04 Moz AuEq Inferred at 5.37 g/t AuEq (6.04 Mt), representing 37% of total Inferred ounces in only 13% of Inferred tonnes.
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Low-Strip Open Pit
Open-pit resource of 22.5 Mt @ 2.06 g/t AuEq Indicated for 1.49 Moz AuEq at a 3.4:1 strip ratio; gold contributes ~50% of AuEq grade with silver, copper, and tungsten the balance.
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40,000m Drilled Since Cut-Off
Approximately 40,000 meters of drilling completed since the March 31, 2026 database cut-off, including high-grade intercepts like 38.00m @ 15.45 g/t AuEq in APC172-D2, not yet in the resource.
Analysis · CNL · Energy & Transportation
The first Mineral Resource for the Apollo deposit establishes a 5.4 million ounce gold-equivalent foundation across Indicated and Inferred categories. Scale comes from the low-strip open pit (3.4:1), while quality is anchored by the high-grade Ramp Zone at 5.37 g/t AuEq Inferred. With 40,000 meters of drilling already completed since the March cut-off and thirteen rigs turning, the resource has clear near-term growth runway. The company is now accelerating toward an environmental license application in H2 2027 and a Preliminary Economic Assessment in H2 2028 — milestones that will define whether Apollo becomes a mine.
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At the time of this filing, CNL was trading at $16.94 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $9.77 to $21.97. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.