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Stelar Metals (ASX:SLB) and SensOre Ltd (ASX:S3N) recently completed research under their data sharing agreement, developing innovative lithium targeting tools and deploying the newly completed SensOre NSW data cube. The research revealed new areas of high LCT-pegmatite prospectivity along a NNW-SSE trend. LCT- pegmatites are predicted where previous exploration targeting high-grade tin and tantalum overlooked LCT pegmatite potential. Potential was identified in the central and northern project areas, as well as new opportunities around the source granite/granite-gneiss complex in the south. Direct targeting from radiometric data is encouraging and work to integrate results with the magnetic data is on-going.
Highlights
- SensOre and Stelar Metals have completed their research efforts on the highly prospective Trident lithium tenements near Broken Hill (NSW), identifying new areas of prospectivity at surface, as well as deeper concealed targets
- The collaboration looked at deploying AI/ML applications on surface geochemistry and high- resolution geophysical techniques in support of lithium exploration
- SensOre received funding from the NSW government worth $318,000 to assist with the data cube build. The NSW data cube is now available for targeting by SensOre clients
- Innovative AI and ML predictive methodologies were established over large areas of New South Wales for identifying pegmatites as sources of economic lithium, tin, tantalum and caesium
SensOre CEO Richard Taylor said: "We are pleased to have such stunning initial results from our first targeting runs deployed for Stelar Metals. The new innovative tools, validated through field work, open up many new possibilities for SLB. The Stelar project represents the first targeting exercise deploying the recently completed NSW data cube, combining geoscience data across geophysics, geochemistry, drilling and geological data layers with spectacular preliminary results”.
Figure 1: 3D perspective view (towards NNW) of pegmatite samples on a pseudo-chair diagram of Total Dose grid and vertical section of Cauchy downward continuation calculated on a single flight line of magnetic survey data.
SensOre Adjacency Model for Li Prospectivity
SensOre’s Adjacency Model, AI/ML technology was applied to high-resolution magnetics and 256-channel radiometric data combined with Geochemical Data Analytics to identify extensive prospective areas for LCT- bearing pegmatites. SensOre’s Adjacency Model (SAM) targets spatial contiguity, of geochemical enrichment and/or depletion patterns and geophysical characteristics that surround ore deposits. In this instance, SensOre used mapped occurrences of pegmatites to compute spatial proximity of high-resolution magnetic data and 256- channel radiometric data features to identify pegmatite signatures using advanced ML tools. Once these pegmatite signatures were quantified, they were targeted throughout the rest of the geophysical data across Stelar Metals’ Trident Project. SAM maps identify/confirm and/or predict prospective mineral trends and mineral systems by computing categorical probabilities of adjacency to ore deposits typically labelled as ‘Barren’, ‘Distal’, ‘Proximal’ and ‘Ore’.
SensOre then employed Factor Analysis on multi-element geochemical data collected from pegmatites over Stelar’s Trident Project. This work identified a multielement geochemical signature consistent with LCT pegmatite mineralisation (i.e., Factor 2 positively loaded with Li-Cs-Ta-Sn-Be-Nb) with high factor scores coinciding with high SAM prospectivity probabilities and, as expected, high Li-grades. The targeting coincidence of independent geophysically driven and geochemically driven approaches provides confidence to the identified LCT targets. At Trident, we were able to show that samples exhibiting relatively high Factor 2 loading scores tend to be in the northwestern and south-central areas.
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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.