Interview with Ari Sussman, Executive Chairman of Collective Mining Ltd.
Our previous interview: https://www.cruxinvestor.com/posts/collective-mining-tsxvcnl-cashed-up-to-prove-scale-of-a-new-colombian-gold-camp-5057
Recording date: 10th September 2024
In a recent interview we conducted with Ari Sussman, Executive Chairman of Collective Mining during the Precious Metals Summit at Beaver Creek, he provided insights into the company's exploration activities in Colombia. The discussion centered on their projects, strategy, and Sussman's perspectives on the mining industry.
The conversation primarily focused on the Apollo project, which Collective Mining discovered in 2022. Sussman described a mineralized system measuring 600 by 400 meters and extending 1.2 kilometers vertically. Of particular interest is the high-grade mineralization identified from surface, including an oxide zone in the top 30 meters. Sussman highlighted initial metallurgical test work results, citing favorable recovery rates for multiple metals: 93-96% for gold, similar rates for copper, around 75% for silver, and 70% for tungsten.
The project's location appears to be strategically advantageous, situated on elevated terrain near the Pan-American highway. Sussman suggested this could provide logistical benefits for potential future operations. While Apollo is the company's flagship project, Sussman also mentioned other prospects within their portfolio, including the Trap target and the Plutus target, described as a copper-gold porphyry prospect.
Regarding the broader context of operating in Colombia, Sussman spoke positively about the country as a mining jurisdiction. He noted that environmental permits are typically processed within 10 months and highlighted the region's long history of mining activity. Community relations appear to be a priority for Collective Mining, with Sussman discussing their partnership with the Colombian Coffee Growers Federation. This alliance, according to Sussman, focuses on water management and promoting coexistence between agriculture and mining.
The interview also touched on market considerations. Sussman acknowledged challenges faced by junior mining companies in the Canadian market and explained the company's decision to list on a U.S. exchange. He outlined Collective Mining's strategy, stating their goal to position the company for a potential acquisition within 3-4 years. This strategy involves targets such as defining a resource of 10+ million ounces gold equivalent and demonstrating production potential of 400,000 ounces per year or more.
Sussman offered his perspective on current trends in the mining industry, including merger and acquisition activity among major companies. While much of the discussion focused on the potential of their projects, Sussman also acknowledged the risks inherent in mineral exploration and development. He mentioned challenges related to managing relationships with local small-scale miners and maintaining community support.
This interview provides a window into Collective Mining's projects and strategy, as well as the Executive Chairman's views on the broader mining industry. It's important for viewers to note that the information presented reflects the company's perspective at the time of the interview. As with any mining exploration company, future results may differ from current expectations.
For those interested in the mining sector, this interview offers one company's approach to mineral exploration in Colombia. It covers various aspects of the industry, from technical details of mineral deposits to market considerations and community relations. However, investors and interested parties are encouraged to conduct their own research and due diligence beyond the information presented in this interview.
The conversation with Ari Sussman provides a snapshot of Collective Mining's activities and aspirations in Colombia's mineral sector. It illustrates the complex interplay of geological, technical, social, and market factors that shape the development of mining projects in emerging jurisdictions. As the company continues its exploration efforts, it will be interesting to see how their projects evolve and how they navigate the challenges and opportunities in the dynamic world of mineral exploration.
View Collective Mining's company profile: https://www.cruxinvestor.com/companies/collective-mining
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An insight into junior mining and opportunities to invest.
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