07:21 AM EST, 11/10/2025 (MT Newswires) -- Collective Mining ( CNL ) said Monday that step out and infill drilling is underway targeting the tungsten-rich zone of the Apollo system within the Guayabales project in Colombia.

Ten rigs are currently turning and the company plans to conduct up to 100,000 meters of additional drilling in 2026.

To date, Collective Mining ( CNL ) has completed 143,500 meters of diamond drilling across the Guayabales and San Antonio projects, including 103,000 meters at Apollo.

"Since announcing the first hard-rock tungsten discovery in Colombian history, positive interest from Colombian officials in the critical minerals aspect of the Apollo system has evolved," Executive Chairman Ari Sussman said. "With tungsten prices now sitting at an all-time high and scarce supply available in the Americas, our Apollo system has strong potential to feed the veracious appetite for the metal in a reasonable timeframe."

Collective's share price closed at $14.80 on Friday on the Toronto Stock Exchange.