There is a moment in every exploration programme when the data stops being numbers on a screen and becomes something tangible. For the team behind Project Lithium Uncovered, that moment came during the third week of drill core logging in the Atacama highland block. The intersection lengths were longer than the model predicted. The lithium grades were higher. The mineralisation was more continuous than any of our probability maps had suggested.
GeoScan had flagged this block as medium-high probability — a solid target, but not the highest-ranked zone in our portfolio at the time. The AI’s hesitation was rational: historical survey coverage was thin and the satellite signatures were ambiguous. What the model couldn’t fully account for was the structural geology. A north-northeast-trending fault system had focused lithium-bearing brines into a corridor that turned out to be broader and deeper than the surface data implied.
The updated resource estimate, based on 24 RC holes and 6 diamond drill holes completed in Q1 2026, stands at 3.4 million tonnes of lithium carbonate equivalent — nearly 60% above the pre-drill expectation. The deposit sits at amenable depths with a simple mineralogy that will allow conventional hard-rock processing. Early metallurgical testwork is showing recoveries above 80%, which is strong for this style of mineralisation.
What does this mean for the project’s economics? We are re-running the financial model now that we have the updated resource and metallurgical data. The headline outcome is a material improvement in the project’s NPV at any reasonable lithium price. We will publish the revised projections, alongside an updated independent geological report, before the next token raise window opens. This is exactly the kind of outcome the MTAL model is designed to surface — and to make accessible to a global base of token holders who can participate in what comes next. +++