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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 provide the following update on its Jamieson Tank High Purity Manganese Sulphate Monohydrate (HPMSM) Project, focusing on the exploration activities at the Company’s Eyre Peninsula tenements EL6634 and EL5920 in South Australia.
The ChemX Jamieson Tank HPMSM project is poised to become a vertically integrated project, with manganese ore to be sourced from its 100% owned manganese (Mn) project on the Eyre Peninsula, South Australia. ChemX intends to process ore based on a developed metallurgical testwork program. The first stage of HPMSM testwork was very encouraging (ASX announcement: 11 May 2022), with the second stage of testwork scheduled to commence in August 2022.
The collation and consolidation of historical exploration work, together with assays received from ChemX’s 2022 drilling programme, provide significant confidence in the Jamieson Tank manganese mineralisation.
Key Highlights
- Extensive historical data search completed over tenements EL6634 and EL5920, including validation and consolidation of ChemX results, previous tenement owners, and South Australian Resources Information Gateway (SARIG) digital records into a managed industry standard DataShed database.
- Included capture of an additional +200 drill holes and +2000 surface samples dating from the 1950s to 2010s targeting multi commodity exploration.
- Integrated database will underpin a thorough interrogation of all historical exploration, enabling a focused strategy towards exploring and delineating critical materials required for electrification and decarbonization.
- Area work history documented including previous exploration works for metals: base metals, gold, kaolin/alumina, diamonds, silver, graphite, iron ore, uranium and manganese. Of particular focus for the development of the HPMSM project are the Manganese prospects (Figure 1):
- Jamieson Tank (Mn)
- Bunora West (Mn)
- Hodgins (Mn)
- Windyzell (Mn)
- Francis (Fe, Mn)
- Polinga (Mn)
- Majority of historical work focused on identifying high grade direct ship ore (DSO) manganese, with drilling completed between 2008 to 2012 on Jamieson Tank prior to ChemX ownership.
- ChemX focus on Jamieson Tank moved to High Purity Manganese Sulphate Monohydrate (HPMSM), with a completed initial Mn drilling program providing significant confidence in the Jamieson Tank manganese mineralisation. Further infill drilling is planned at Jamieson Tank.
High Purity Manganese Sulphate Monohydrate (HPMSM)
HPMSM is a critical part of many lithium battery cathode chemistries. Whilst manganese currently has a large and established global market, not all manganese is able to be efficiently upgraded to the more valuable HPMSM. ChemX has completed an initial HPMSM testwork program, designed to test the efficacy of Jamieson Tank Mn ore. First stage testwork results were very encouraging, with a second stage of HPMSM testwork scheduled to commence in August 2022.
The geological work undertaken by CSA Global Pty Ltd (CSA Global), combined with the HPMSM testwork program, has provided a solid foundation for the development of the vertically integrated HPMSM project.
Manganese Exploration Target - Eyre Peninsula, South Australia
Based on 2022 ChemX drilling and historical drilling data, mining consultant CSA Global has completed a geological re-interpretation and estimated a manganese Exploration Target for Jamieson Tank, summarised in Table 1.
Table 1: Exploration Target summary results
*Totals may not sum correctly due to rounding.
The potential quantity and grade of the Project’s manganese is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if future exploration will result in an estimation of a Mineral Resource.
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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.
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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.