THE EX-CONTINENTAL GOLD TEAM HAS REUNITED TO MAKE ANOTHER MAJOR DISCOVERY IN COLOMBIA
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T H E E X - C O N T I N E N TA L G O L D T E A M H A S R E U N I T E D T O M A K E
ANOTHER MAJOR DISCOVERY IN COLOMBIA
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 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. 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.
Middle Cauca Belt
Proven Mineral Endowment Yet Unexplored
San Matías
(HPX-Cordoba Minerals)
+100 Million ounces of gold discovered in the past 18 years
Buriticá
(Zijin/Continental Gold)
Soto Norte
Copper exploration only beginning in the country
(Minesa)
Cauca Gold Belt
Quebradona
(AngloGold)
Gramalote
(B2Gold-AngloGold)
World Class Deposits Discovered Since 2002
Marmato Zijin C$2 billion takeover of Continental Gold’s 11 MOz
(Aris Gold) San Antonio & Guayabales
(Collective Mining) high-grade gold Buriticá Project.
La Colosa (AngloGold)
AngloGold Quebradona Cu-Au project (28 Moz AuEq)
progressing to development.
Aris Gold 6 MOz Marmato project.
Gramalote gold project in development (5 Moz Au; B2
Gold/AGA).
HPX (Friedland Group) Alacran Cu-Au project (94 Mt @
0.71% CuEq).
MINESA developing the 8 MOz gold Soto Norte project.
Leadership
Ari Sussman David Reading, MSc. Economic Geology
Executive Chairman Special Advisor
Former CEO and director of Continental Gold, which Former special advisor to Continental Gold, CEO of
was sold to Zijin Mining for $2 billion. Raised over $1 European Goldfields (sold to Eldorado) and head of
billion for various mining related ventures. exploration for Randgold.
Omar Ossma
CEO and President Chris Grainger PhD, Economic Geology
Former Vice President Legal for Continental Gold and Senior Manager Business Development
recognized expert on Colombian mining industry. Served as Vice President Exploration regional at Continental
Gold and is an expert on Colombian geology.
Paul Begin, CA, MBA
Chief Financial Officer
Served as chief financial officer of Continental Gold and Ana Milena Vásquez
was instrumental in raising $500 million of project Executive Vice President
funding debt packages.
Served as Senior Vice President External Affairs at
Continental Gold and is well regarded in both the
Richard Tosdal, MSc., PhD. Colombian mining industry and by all branches of the
Special Advisor government.
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.
Board of Directors and Capital Structure
María Constanza García Botero, MA
Broad mix of Colombian public and private sector experience.
Common Shares Outstanding 47.2M Former president of the Colombian National Mining Agency
(ANM).
Ex Deloitte and Semana Magazine.
Stock Options 2.4M
Kenneth Thomas, P.Eng
Fully Diluted Shares Outstanding 49.8M Internationally recognized mine builder and process engineer.
Former director of Cardinal Resources.
Cash * C$26M Former lead director of Continental Gold, ex Kinross and Barrick
Gold.
* As of August 10, 2021
Paul Murphy, B.Comm, CA
Current Chairman of Alamos Gold, Former director of Continental
Gold and CFO for Guyana Goldfields.
Former National Mining Leader for PWC.
Insider 35% Management
40% and Insiders
Ownership PowerOne
Aswath Mehra, BSc
Capital Group Current CEO of Astor Group, a private investment business.
Other Former Executive Chairman and founder of GT Gold, which was
sold to Newmont Mining for $311 million.
25% Ari Sussman, Executive Chairman
Track record of Creating Value
The Collective Edge
Well trusted, knowledgeable and successful
management team in Colombia. Built the largest gold mine in Colombia
Sold for C$2 billion in March 2020
Highly specialized in recognizing early-
(550% return)
stage exploration projects with world-
class potential.
Responsible for discovering and building
the largest gold mine in Colombia.
Best-in-class mining ESG program at
Continental Gold winning many awards and
high-level rankings of recognition.
ESG: The Collective Model
Local Mining Continuity
Strengthening the Timely identification and
mining supply chain handling of impacts
Integration with Open
local economy: Communication
Alliances with with Stakeholders
economic sectors
Local Development:
infrastructure, health, culture
and education, community and Minority Group
institutional strengthening Participation
500 year mining history in Robust public order Well developed economy (ancilliary the department of Caldas and security in the mining services, agriculture and lends itself to community region. tourism) with potential to generate support for large-scale strategic alliances across a myriad responsible mining. of industries.
ESG Best Practices
2019 Social Investment Ranking Colombia
Continental Gold was the only pre-revenue
company in Colombia to rank in the Social
Investment Index. The company ranked 11th
in the country and was the highest ranked
mining company in the index.
Top 100 Inspirational Women In Mining for 2020
Ana Milena Vásquez, Executive Vice
President, was recognized in 2020 as one of
the top 100 Global Inspirational Women
in Mining. Collective Mining is firmly
committed to inclusion and diversity and
Ana, as a leader in the Colombian mining
sector, is well suited to promote this goal.
Our Projects: Caldas Department
One of the Last Unconsolidated
Great Mineral Camps Globally
Historical and current gold endowment of +10 million
Ozs on contiguous property to Collective.
District never consolidated despite a +500-year
San
mining history. Guayabales Antonio
Mining friendly jurisdiction, no security issues, +10 Moz Au
excellent access and infrastructure. Marmato
Large-scale mineralized system with newly identified
porphyry gold, copper and molybdenum source.
More than $10 million (inflation adjusted) spent in
exploration historically on projects.
Comparable geology to AngloGold's Quebradona
and La Colosa projects (50+ million ozs AuEq).Guayabales Project
Immediately along strike from historical plus current 10+
Moz Au combined orebodies, including current
Marmato Deeps:
- Marmato Deeps P&P reserves: 19.7 Mt @ 3.19 g/t Au
Both orebodies strike NW into the Guayabales project and
are the potential extensions of a single, large
mineralized system on the Guayabales project.
The Guayabales project incorporates an extensive
En
ca
artisanal mining history with +80 adits discovered.
nto
str
uc
tur
e First time the land package has been consolidated under
single ownership and has never been systematically
explored.
Marmato Deeps
Marmato upper levels Collective’s technical team believes that the project is
the porphyry feeder system for the Marmato complex
with the rare occurrence of porphyry related veins
overprinting an outcropping porphyry.Guayabales Project: Targets
Donut: outcropping porphyry target
containing primary sulphide copper and
gold mineralization. Drilling in Q4 2021.
The Box: broad zones of structurally
controlled gold and silver mineralization
at surface. Drilling in Q4 2021.
Olympus: exposed copper, gold and
molybdenum porphyry system. Drilling in
Q1 2022.
Victory: porphyry related magnetite
stockwork system. Drilling in Q2 2022.Guayabales Project: Donut Channel Sampling Results
Significant New Porphyry Discovery: Disseminated
porphyry mineralization overprinted by porphyry related veins.
Length(m) Gold (g/t) Silver (g/t) Copper (%)
Donut-1 37.50 45.52 27 0.13
Including 2 1.23 82 0.83
2 1.87 22 0.11
2 1.29 47 0.09
2 1.02 42 0.04
2 0.06 2 0.11
2 1.07 17 0.13
2 0.47 15 0.02
2 3.38 39 0.06
2 1.19 17 0.03
2 829.23 94 0.02
2 2.48 5 0.02
2 2.56 9 0.06
2 0.56 2 0.18
2 2.58 36 0.25
2 0.94 9 0.08
2 0.49 13 0.08
2 1.01 38 0.22
2 0.26 6 0.15
1.50 2.38 6 0.07Guayabales Project: The Box Sampling Results and Outcrop Box South: Grassroots Porphyry Vein Discovery Box North: Porphyry Style Mineralization in Stream Outcrop
Guayabales Project: Olympus Sampling Results
Grassroots Porphyry Discovery with
Vein Overprint
Zone Length Au g/t Ag g/t AuEq g/t*
2.70 33.0 421 39.0
1.00 9.7 464 16.3
1 1.00 6.1 400 11.8
1.00 4.6 462 11.3
1.00 4.2 360 9.4
1.00 19.1 1,919 46.5
2.00 8.6 pending
2
1.10 3.8 306 8.2
1.50 1.3 164 3.7
1.70 9.3 314 13.8
3
1.50 4.1 28 4.5
4 0.90 20.7 9 20.8COLLECTIVE MINING PROJECT
Guayabales Project: Porphyry System in the Making
Porphyry Center For The
Marmato Complex
A number of historical shallow drill
holes targeting a shear zone,
inadvertently intersected the outer
margin of a porphyry system.
Porphyry style mineralisation was
never described in the historic core as
this model was poorly understood in
Colombia prior to the discovery of La
Colosa.
Significant exploration upside.
Examples of mineralized (pyrite + chalcopyrite + bornite) porphyry
associated B-veins in historical drill coreSan Antonio Project
Outcropping mineralized
porphyry system
5,000 metre drill program commenced in March 2021
Outcropping porphyry gold, copper and
molybdenum system of significant dimensions not
previously identified.
Lone historical
drill hole 99m @
0.50 g/t AuEq
Previous exploration focused on high-grade
vein systems only. Single hole tested porphyry target
but was drilled away from the zone.
Three distinct porphyry related targets:
- Pound: porphyry related hydrothermal breccia.
- COP: concealed geophysical porphyry target.
- Dollar: exposed porphyry indicating significant
potential at depth for mineralization.Outcropping Porphyry Mineralization at San Antonio
Porphyry
associated B-veins
in outcropSan Antonio Project: Dollar Target
Outcropping Porphyry Stockwork
Zone With Drilling Underway
Sericite-pyrite (phyllic) alteration over 600 x
400 m → large alteration system.
Surface soil geochemical anomaly of +50
ppb gold and +6 ppm molybdenum.
Outcropping porphyry veining is overprinted
by phyllic alteration and metals are mostly
leached → targeting metalliferous zone at
depth.
5 scout drill holes to define geometry of
the zone completed. Deeper drill testing
for metalliferous zone now underway.
Leached high
density porphyry Initial assay results expected in early Q4,
veining 2021.San Antonio Project: COP Target
Subcropping Porphyry
Shallow chargeability anomaly of >500m
diameter
Associated high-grade surface Au-Cu-
Mo soil anomaly with phyllic alteration
Historical drill hole and porphyry veining
99m @ 0.54 g/t AuEq
Adjacent drillhole intersected 99m @
0.50 g/t AuEq on the outside edge of
the COP target
Chargeability and resistivity anomaly
shows large vertical extension potential
Porphyry associated A- and
B-veins in outcrop Maiden drill hole to commence in Q3
2021.San Antonio Project: Pound Target
Sulphide Hydrothermal Breccia
High-grade soil anomaly of +100 ppb gold and
+6 ppm molybdenum
Open in all directions and strong potential to
find a porphyry system below the breccia
Drilling underway with results expected in
Q3 2021
Mineralized breccias in drill coreUpcoming Catalysts
Maiden drill program at Guayabales New target generation at
commences late Q3, 2021 Guayabales H2, 2021
Assay results from extensive Assay results from small drilling
systematic channel sampling campaign at San Antonio in early
programs at Guayabales in H2 Q4, 2021
2021.Appendix D I S COV E R I N G CO LO M B I A’ S N E X T WO R L D - C L A S S M I N E R A L D E PO S I T
Outstanding Payments to Acquire Project Portfolio
Option to Acquire 100% Interest in Both Projects with no underlying private royalties
Guayabales Project San Antonio Project
Year Amount (US$) Year Amount (US$)
2021 200,000
2021 50,000
2022 1,100,000
2022 100,000
2023 750,000
2024 2023 150,000
666,000
2025 666,000 2024 250,000
2026 666,000 2025 420,000
2027 666,000 2026 750,000
2028 666,000 2027 750,000
Option Payments Total 5,380,000
Option Payments Total 2,470,000
2029-2031: production 12.8 million
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