SCHEDULE 13G 0001839497 XXXXXXXX LIVE Common shares without par value 09/30/2024 0001953575 Collective Mining Ltd. 19425C100 82 RICHMOND ST. E TORONTO Z4 A6 M5C 1P1 Rule 13d-1(b) Helikon Investments Limited X0 0.00 5681800.00 0.00 5681800.00 5681800.00 N 8.33 IA PN Federico Riggio L6 0.00 5681800.00 0.00 5681800.00 5681800.00 N 8.33 HC IN Collective Mining Ltd. 82 RICHMOND ST. E, TORONTO A6 M5C 1P1 (i) Helikon Investments Limited a United Kingdom public limited company("Helikon UK"), with respect to the common shares without par value (the "Common Shares") of Collective Mining Ltd., an Ontario corporation (the "Company"), directly held by Helikon Long Short Equity Fund Master ICAV (the "Helikon Fund") managed by Helikon UK; and (ii) Federico Riggio ("Mr. Riggio", and together with Helikon UK, the "Reporting Persons"), with respect to the Common Shares directly held by the Helikon Fund. (i) Helikon UK; 17 Waterloo Place, London SW1Y 4AR. (ii) Mr. Riggio; 17 Waterloo Place, London SW1Y 4AR. Helikon UK is a United Kingdom public limited company organized under the laws of the United Kingdom. Mr. Riggio is a citizen of the Italy. N HC FI Helikon UK is an investment manager, authorized and regulated by the Financial Conduct Authority in the United Kingdom which is comparable to the regulatory scheme applicable to the investment advisers covered by Item 3(e) above. The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 68,247,873 Common Shares outstanding as of August 13, 2024, as reported in the Company's Report of Foreign Private Issuer on Form 6-K, filed with the Securities and Exchange Commission on August 14, 2024. 8.33 The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. Y N See Item 2(a). Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.1: Joint Filing Agreement Helikon Investments Limited /s/ Paul McLernon 01/10/2025 Federico Riggio /s/ Federico Riggio 01/10/2025