Collective Mining Increases Resource to Over 5 Million Ounces in Colombia

Collective Mining Ltd. has announced a substantial expansion of its mineral resource estimate at its Colombian project, with the total resource now exceeding 5 million ounces of gold. The company's operations are centered in Colombia.

The updated estimate reflects continued exploration success and underpins the project's potential. Collective Mining is now focused on advancing the project towards development.

The company is also preparing to release its preliminary feasibility study (PFS) in the fourth quarter of 2024. This study is expected to provide detailed economic and technical assessments of the project's viability.

These developments occur amidst broader activity in the mining sector, with other companies reporting on drilling results and financing. Collective Mining's focus remains on resource growth and project development in Colombia.