Collective Mining Ltd · TSX:CNL
Collective Mining — Investor Presentation (December 2025)
30 slides from Collective Mining's investor presentation, December 2025
Slide 1: A Team With a Proven Track Record Has Made Another Major Discovery in Colombia
A TEAM WITH A PROVEN TRACK RECORD OF SUCCESS HAS MADE ANOTHER MAJOR DISCOVERY IN COLOMBIA
Slide 2: Disclaimer
Disclaimer 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 p
Slide 3: The Collective Edge
Track Record of Creating Value The Collective Edge Well trusted, knowledgeable and successful management team in Colombia. Built the largest gold mine in Colombia Highly specialized talent in generating Sold for C$2 billion (in EV) March 2020 grassroot exploration targets has (550% return) resulted
Slide 4: Capital Structure and Analyst Research
Capital Structure and Analyst Research Analyst Research Coverage Firm: BMO Capital Markets Common Shares Outstanding 92.3M Analyst: Andrew Mikitchook Target price: C$25.00 Stock Options 5.0M Firm: Scotiabank Fully Diluted Shares Outstanding 97.3M Analyst: Ovais Habib Target price: C$25.00 Cash * US$
Slide 5: Board of Directors and Key Management
Board of Directors Key Management Ned Jalil Ari Sussman, Executive Chairman CEO Former CEO and director of Continental Gold, which was sold to Zijin Former Chief Technical Officer at Kinross Gold with 25+ years Mining for $2 billion. Raised over $1 billion for various mining related leading global g
Slide 6: Colombia: A Well Established Mining Jurisdiction
Colombia: A Well Established Mining Jurisdiction Cerro Matoso Cerrejón Project Company Commodity Stage Type Cerro Matoso South 32 Ni Production Open-pit El Descanso Cordero Cerrejón Glencore Coal Production Open-pit Buriticá San Antonio El Descanso Drummond Coal Production Open-pit Segovia El Santua
Slide 7: Caldas the most desirable mining jurisdiction in Colombia
500+ year mining history – Pro-mining area of Colombia Caldas the most desirable mining Industrial based economy with excellent infrastructure jurisdiction in High level of education Colombia Excellent security 7
Slide 8: Operating in an Established Mining Camp Contiguous to a Multi-Million Ounce Mine
Operating in an Established Mining Camp 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 consolidate
Slide 9: Collective Mining
w COLLECTIVE —— MINTN G ——
Slide 10: Guayabales: Seven Targets to be Drilled in 2025
Guayabales: Seven Targets to be Drilled in 2025 10 permitted & operating mines in a 3km area within an established mining camp. Multiple discoveries made through reconnaissance drilling since 2022. 120,000+ meters of drilling completed. 10
Slide 11: Apollo System Section: High-Grade Continuity from Surface
Apollo System Section: High-Grade Continuity from Surface 11
Slide 12: Apollo System Section: High-Grade Continuity from Surface
Apollo System Section: High-Grade Continuity from Surface 12
Slide 13: Apollo vs Marmato: Two Giants Side by Side
Apollo vs Marmato: Two Giants Side by Side **Please refer to disclaimer slide #2 for cautionary statement. 13
Slide 14: Deep Drilling Aligns with Potential Future Development
Deep Drilling Aligns with Potential Future Development 14
Slide 15: Apollo: Large-Scale and Continuing to Expand
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) • 106,500 meters (230 holes) completed Expansion drilling underway (5 rigs) • Test high-grade subzones to improve
Slide 16: Trap System: Second Major Discovery Made in 2024
Trap System: Second Major Discovery Made in 2024 Major drill program to begin in Q1 2026. High-grade sheeted CBM vein system discovery. Modelling points to a potential Cu-Au porphyry system in the north. 1.4 kilometers of strike and open for further expansion. 16
Slide 17: X Target: New Greenfield Silver Discovery
X Target: New Greenfield Silver Discovery New silver rich discovery announced September 2025 Multi-vein system with two holes covering 500m x 500m x 300m and open everywhere Drill being mobilized with drilling to resume in October, 2025 17
Slide 18: Collective Mining
Ay} COLLECTIVE — MINENG ——
Slide 19: San Antonio: Ideally Located with Three Rigs Turning
San Antonio: Ideally Located with Three Rigs Turning 19
Slide 20: San Antonio's Pound Target: Significant Discovery
San Antonio’s Pound Target: Significant Discovery New Au-Ag-Cu-Mo porphyry & overprinting CBM vein system discovery made in 2025 Approx. 500m of strike and open in all directions Four rigs currently testing Pound 20
Slide 21: Upcoming Catalysts: Up to 100,000 Metre of Drilling in 2026
Upcoming Catalysts: Up to 100,000 Metre of Drilling in 2026 Guayabales Project Targets (10 Drill Rigs) 1 Apollo: Up to nine rigs turning expanding the high- grade Ramp Zone at depth and infilling upper Apollo 2 Trap: Surface work vectoring to the porphyry source ahead of resumption of drilling in Q1
Slide 22: Sustainability: The Collective Model – Dialogue Platform
Sustainability: The Collective Model – Dialogue Platform Multi-stakeholder platform focused on energy efficiency, conservation, social, economic and infrastructure development. Key achievements to date: Energy transition as one of the articulating axes of the process. 27/33 signatories to the volunt
Slide 23: Sustainability Best Practices
Sustainability Best Practices Partnerships to Strengthen 2024 a Year of Success University of Caldas Alliance Our Communities Strategic alliance with the Over US$410,000 directly Jointly implementing academic Coffee Growers Committee of invested in social programs, and research projects focused Cald
Slide 24: Project Portfolio: 100% Owned with Remaining Payments
Project Portfolio: 100% Owned with Remaining Payments No Third Party Royalties on Either Project Guayabales Project San Antonio Project Title 100% Owned with Residual Title 100% Owned with Residual Payments Outstanding Payments Outstanding Year Amount (US$) Year Amount (US$) 2025 588,889 2026 750,00
Slide 25: Appendix
Appendix D I S C O V E R I N G C O L O 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
Slide 26: Guayabales: A Major Complex with Significant Dimensions
Guayabales: A Major Complex with Significant Dimensions 26
Slide 27: Apollo System: Select Drill Results
Apollo System: Select Drill Results 27
Slide 28: Apollo: Outcropping in High-Grade Oxide Mineralization
Apollo: Outcropping in High-Grade Oxide Mineralization High-Grade Au-Ag-Cu-Wo3 System 28
Slide 29: Apollo Model: Remarkable Mineral Endowment (Cross Section)
Apollo Model: Remarkable Mineral Endowment (Cross Section) 29
Slide 30: Plutus Target: Deep Drilling Planned
Plutus Target: Deep Drilling Planned Plutus Porphyry Center 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 sou
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