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.

TSXV:NWX - Post by User

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

<< Previous

Bullboard Posts

Next >>

Post by HHHAPPYon Jun 23, 2021 5:36pm

270 Views

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.

<< Previous

Bullboard Posts

Next >>

Gold vs. bitcoin, where should you invest?