Newport Exploration Ltd NWXPF

Primary Symbol: V.NWX

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 > yield chasers will make this one HOT

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Comment by Bwrbhkon Dec 07, 2020 3:02pm

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Post# 32051092

RE:yield chasers will make this one HOT

They recently received a $1.8 million(AUD) quarterly royalty payment from Beach. After payment of the $0.03 dividend on Dec. 11th they will have $5.5 million cash ($0.05/share) and no debt. With the recovery in oil prices, it is likely that next quarters royalty payment will be higher. Looking good!

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