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SensOre Ltd (ASX: S3N) (“SensOre” or the “Company”) is pleased to advise that it has completed geophysical surveying at Stelar Metals Ltd’s (ASX:SLB) (“Stelar”) 100% owned Lithium Trident Project in the north of Broken Hill, NSW. The co-funded geophysical survey is a collaboration between SensOre and Stelar and is designed to pilot test SensOre’s potentially new ground-breaking techniques for the direct detection of candidate Caesium signatures of potential LCT-bearing pegmatites. An important part of the program is taking data and knowledge from Western Australia and directly applying it at continent scale to NSW. This is possible using SensOre’s Australia data cube.
Highlights
- 2,147 line-km high-resolution, low-level airborne magnetic and radiometric surveying completed at Stelar Metals' Trident Project in Broken Hill, NSW
- Survey forms part of development of SensOre's next generation litho-geochemical and geophysical tools for exploration targeting of critical minerals across NSW and Australia wide.
- High priority technology development project to be rapidly integrated and deployed into SensOre’s growing AI ML predictive toolbox for discovery.
- Airborne campaign co-funded under NSW Government's Critical Minerals and High-Tech Metals Activation Grants worth $322,000
SensOre CEO Richard Taylor said: "We are reviewing the data and looking forward to the results. Lithium direct detection techniques are less developed than for other metals due to a combination of factors. Expanding the exploration toolkit to accelerate new discoveries has the potential to increase lithium resources in Australia and contribute to lower battery prices in the future."
Image 1: Example of SensOre’s Lithium Prospectivity Mapping at Kathleen Valley region WA
Image 2 Using AI ML transfer of knowledge across Australia to realise Li potential in NSW
Stelar has previously identified multiple pegmatite swarms along ~15km of prospective strike length where tin and tantalum have been exploited for over 140 years. Mapped individual pegmatites, confirmed as lithium-rich LCT-type fractionated pegmatites in the area, measure over 1km in length and up to 100m in width. Rock chip sampling from multiple historic mines in the area has further confirmed the potential for high-grade lithium- bearing pegmatites of the project.
The survey completed on 28 May and is expected to be followed up with a ground campaign as part of further geological and geochemical studies as SensOre looks to harness its advanced AI – Machine Learning technology approach to assist accelerated minerals exploration programs.
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This article includes content from SensOre, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
S3N:AU
Streamplay Studio Enters into Agreement to Acquire North American Indie Gaming Leader, Noodlecake Studios
HIGHLIGHTS
- Streamplay expands global reach and direct-to-consumer gaming presence across North America with acquisition of Noodlecake.
- Established in 2011, Noodlecake boasts a proven track record with a variety of over 60 in-house and published games achieving over 270 million downloads.
- Noodlecake has over its history generated over ~A$42 million through primary monetisation channels, with additional revenue from other sources.
- Noodlecake averaged annual revenue of ~A$7.3 million and EBITDA of ~A$1.8 million over the 3 years ending 31 December 2023.
- Noodlecake’s lean, high-impact operating model, maximises publishing reach with a focused team and global collaborations.
- Established partnerships with leading Tier 1 brands such as Apple, Google, Xbox, PlayStation, Nintendo, Steam and more.
- Provides Streamplay with immediate product and geographic revenue diversification via Noodlecake’s flexible publishing and monetisation strategies (premium sales, in-app purchases, advertising, and subscription-based models).
- Strengthens global expansion opportunities, including continued collaborations with Zplay in the Chinese gaming market.
About Noodlecake
Founded in Canada in 2011, Noodlecake is an established, reputable and profitable indie game studio and publisher. With a diverse portfolio of over 60 games listed across more than 10 storefronts and available in over 45 countries, Noodlecake has engaged players worldwide with award-winning content, achieving over 270 million downloads to date.
Since incorporation, the studio has generated significant revenue through its multifaceted monetisation strategy, including over A$15 million in in-app purchases, over A$9 million in direct game sales, and over A$18 million in advertising revenue, alongside other significant sources.
These revenues are strategically driven by the studio’s presence on major digital storefronts such as the Apple App Store, Google Play, Steam, and Nintendo Switch. Noodlecake’s adaptability to emerging opportunities is evident in its recent expansions into Xbox and PlayStation, with future releases targeting premium storefronts and subscription platforms.
Noodlecake boasts an impressive track record of publishing award-winning titles that have captivated both players and critics alike. Among its successes, “Yes, Your Grace” recently won Best Indie Game on Google Play for 2024,1 showcasing their ability to support compelling and engaging indie experiences. “Golf Blitz”, an innovative multiplayer spin on the classic golf genre which was developed inhouse, earned critical acclaim and was featured as an Editor’s Choice by Apple in 2019.2 Additionally, “Alto’s Odyssey”, another title published by Noodlecake, received an Apple Design Award in 20183 for its exceptional artistry and gameplay.
Their games employ a range of revenue models tailored to each platform. Premium titles generate revenue through direct purchases, while free-to-play games monetise via in-app purchases and targeted ads.
Additionally, Noodlecake has a history of securing exclusive, curated partnerships with Apple Arcade, Google Play Pass, and Xbox Game Pass which provide consistent revenue through subscription-based engagement.
The studio’s upcoming game, “Winter Burrow”,4 set for release on Xbox Game Pass, Xbox storefront, Switch and Steam, early in 2025, is just one example of how Noodlecake leverages these partnerships to generate stable, upfront revenues.
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This article includes content from Streamplay Studio, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Next-generation Hadrian X® Completes US Site Acceptance Testing
Highlights
- FBR receives confirmation from CRH Ventures that first next-generation Hadrian X® successfully completes Site Acceptance Testing at Fort Myers facility in Florida
- Confirmation received from an independent structural engineer that the structure is consistent with design requirements and meets applicable building standards
- FBR to receive next tranche of non-refundable payment from CRH Ventures of US$600,000 under Demonstration Program agreement
- Construction of the first house in the Demonstration Program to commence shortly
An independent structural engineer provided confirmation that the walls of the test build were consistent with the design and met applicable building standards.
Completion of Site Acceptance Testing triggered a US$600,000 payment by CRH Ventures to FBR and the commencement of the Demonstration Program. The Demonstration Program requires FBR to construct the external walls of five to ten single-storey houses utilising the next-generation Hadrian X®. The Demonstration Program will commence shortly.
The Demonstration Program will be deemed complete when FBR completes construction of its five houses plus up to five houses added to the program by CRH Ventures, with all houses to be certified by an independent structural engineer. Upon completion of the Demonstration Program, FBR will receive a payment of US$400,000 from CRH Ventures under the Demonstration Program agreement. The completion of the Demonstration Program also marks the commencement of a 45-day period for CRH Ventures to exercise the option to form a joint venture for the delivery of Wall as a Service® in the United States.
This announcement has been authorised for release to the ASX by the FBR Board of Directors.
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This article includes content from FBR Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.