The Conversation (0)
ChemX Materials (ASX:CMX) (ChemX or the Company), a materials technology company focused on providing critical materials required for electrification and decarbonisation, is pleased to present its June 2022 Quarterly Activities report.
- Achieved 99.7% manganese sulphate purity in initial testwork program from samples taken at Jamieson Tank deposit, South Australia
- Marketing and Advisory Agreement entered with Amvest Capital Inc. in the USA
- Appointment of Chief Operating Officer (COO)
- Outstanding rare earths elements (REE) assays from Eyre Peninsula projects, South Australia
- Loyalty Options Offer to shareholders oversubscribed
- High Purity Alumina (HPA) Micro Plant initial commissioning completed with optimisation progressed
The Company is developing its HiPurATM High Purity Alumina (HPA) Project in Perth, Western Australia and has two projects on the Eyre Peninsula in South Australia – the Kimba Kaolin / Rare Earth Elements (REE) Project and the Jamieson Tank Manganese Project.
During the quarter, ChemX made significant progress in the commissioning of its High Purity Alumina Micro Plant in Perth and continues to optimise the process design, equipment modifications and scale.
At the Company’s Jamieson Tank Manganese project in South Australia, outstanding testwork results showed high manganese sulphate purity could be achieved with the chosen flowsheet, giving confidence that manganese from the Jamieson Tank project is well suited for further processing into high purity manganese sulphate monohydrate (HPMSM) to be used in lithium battery cathodes.
Figure 1: High Purity Manganese Sulphate Monohydrate from initial testwork program
ChemX reported10 outstanding results from an initial batch of reconnaissance REE assays, which were returned from air core drilling across the Eyre Peninsula tenements, highlighting the prospectivity of the tenements for ionically adsorbed REE.
ChemX Managing Director David Leavy commented: “It has been a busy and very productive quarter for ChemX as we have made good progress across all our projects. We appointed a highly credentialled and experienced Chief Operating Officer and rewarded shareholders with the Loyalty Options Offer, which was completed post the end of the June quarter with a very high level of support. We look forward to reporting further progress on the HiPurATM HPA Micro Plant the HiPurATM Pilot Plant Prefeasibility Study( PFS), and the two South Australian projects in due course.”
HiPurATM High Purity Alumina (HPA) Project, Perth
On 24 June 20221 ChemX reported it had completed commissioning of the individual stages of its HPA Micro Plant and was undergoing final stage integrated process commissioning.
The key objectives from the HPA Micro Plant operation are:
- Optimisation of process and controls under continuous operation
- Achieving a 99.99% (4N) purity HPA on a consistent basis
- Ongoing production of samples of HPA for customer qualification testing
- Research and development on the development of additional products for assessment, including achieving a targeted 99.999% (5N) purity
The HiPurATM HPA process, 100% owned by the Company, is expected to produce HPA with significantly lower levels of energy and reagent usage, resulting in lower capital and operating costs than most incumbent and potential producers.
ChemX has extended the HiPurATM Pilot Plant Prefeasibility Study into Q3 2022 to enable it to be further optimised.
Jamieson Tank Manganese and Kimba Kaolin / REE Projects, South Australia
In early April 2022, the Company completed testing on a composite sample of manganese ore taken from historical reverse circulation (RC) drilling at the Jamieson Tank Manganese Project by the previous tenement owners. The testing program, designed to identify the efficacy of the chosen process for the company’s High Purity Manganese Sulphate Monohydrate (HPMSM) project13, produced manganese sulphate crystals with 99.7% purity. To achieve near specification quality without significant purification steps is very encouraging. Further work on the production of HPMSM is planned to commence in August on ore samples from the recent ChemX drilling campaign at Jamieson Tank.
Late in May 2022, ChemX reported assays from drilling of kaolin and manganese targets at the Eyre Peninsula tenements which highlighted the prospectivity for ionically adsorbed REE.
ChemX’s Eyre Peninsula tenements cover the Kimba Kaolin / REE Project and Jamieson Tank Manganese Project, which was historically explored for manganese and kaolin prior to ChemX ownership. ChemX’s maiden air core program returned high REE results at both Kimba and Jamieson Tank.
Click here for the full ASX Release
This article includes content from ChemX Materials, 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.
CMX: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.
Click here for the full ASX Release
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.
Click here for the full ASX Release
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.