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Elevate Uranium Ltd (ASX: EL8) (“Elevate Uranium” or “the Company”) is pleased to present its Quarterly Activities and Cash Flow Report.
Koppies Project
- Updated Koppies JORC Mineral Resource Estimate (“MRE”) increased the Company’s global uranium resources to 142 Mlb U3O8
- The MRE increase represented a 136% increase in the Koppies resource and a 42% increase in the Company’s Namibian resources
- The mineralisation is shallow with95% of the resource within 15 metres of surface
- Three drill rigs completed a total of 620 holes for 17,457 metres
- Four drill rigs commenced operation in mid-January with a fifth drill rig scheduled to commence later in the quarter
- Resource drilling continues with the next update expected in March 2024
Koppies Resource Update
During the December Quarter, the Company announced an updated JORC Inferred Mineral Resource Estimate (“MRE”) of 48 Mlb eU3O8 for its Koppies Uranium Project in Namibia.
Updated Koppies JORC (2012) Inferred Mineral Resource Estimate at 100 ppm Cut-off Grade
Note - Figures may not add due to rounding.
This significant upgrade of the Koppies MRE has also increased the Company’s total global uranium resources to 142 Mlb, see Resource Table 3.
Figure 1 shows the current surface extent of the MRE, as well as all the drilling completed and included in the November 2023 resource update.
Figure 1 Koppies Resource Surface Extent and Collar Locations
Figure 2 indicates how the mineralisation is distributed by depth throughout the MRE. Mineralisation is shallow, with 95% of the total mineral resource being within approximately 15 metres of the surface, and 50% of the resource within approximately 6 metres of the surface. These physical parameters support the potential for a low strip ratio, low-cost mining operation at Koppies.
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This article includes content from Elevate Uranium, 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.
EL8: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.