Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

Newport Exploration Ltd. is a Canada-based company, which has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty (GOR) on several permits in Australia. These include permits being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both Australian oil and gas producers. The Cooper Basin is an onshore oil and gas development area. The Company’s Chu Chua is located approximately 30 kilometers (km) north of Kamloops, British Columbia, with access and infrastructure. The deposit is a Cyprus-type volcanogenic massive sulfide body hosted in two steeply dipping lenses of massive pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a strike length of 400 m and a known depth of 250 m.

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Newport Exploration Ltd > Today's Sedar filing for the quarter shows continued

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Post by HHHAPPYon Jun 23, 2021 5:36pm

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Post# 33437850

Today's Sedar filing for the quarter shows continued

revenue from the oil fields of Australia. This revenue justifies the dividend policy of management.
Only question I have is why have they not advanced the Chu Chua mining prospect in B.C. If it isn't viable than why sustain it?
Just asking.

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This profitable gold stock is on its way up