Newport Exploration Ltd V.NWX

Alternate Symbol(s): NWXPF

Metals & Mining Industrial Metals & Minerals

Newport Exploration Ltd is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. In addition, the Company holds a 2.5% gross overriding royalty interest (the Royalty) on any hydrocarbons produced on certain petroleum exploration and production licenses in Australia. These include licenses being operated and explored by Beach Energy Ltd. (Beach) and Santos Ltd. (Santos), both major Australian oil and gas producers. The Company’s mineral exploration project is the Chu Chua Copper Gold Deposit (Chu Chua), which is located approximately 30 kilometers north of Kamloops, British Columbia. 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 known strike length of 400 m and a known depth of 250 m.

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Newport Exploration Ltd

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Post by cenderon Apr 08, 2016 12:03am

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Post# 24743809

FEES JUMP as oil drops ? wah wah wee wah ! LOL

Consulting fees increased to $152,500 during the current six-month period compared to $75,000 during the comparative six-month period.
- Management fees increased to $257,722 during the current six-month period compared to $90,000 during the comparative six-month period.
  
  Professional fees increased to $460,329 during the current six-month period compared to $278,426 during the comparative six-month period.