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Newport Exploration Ltd V.NWX

Alternate Symbol(s):  NWXPF

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

Comment by canon12345on Jun 24, 2021 7:55am
220 Views
Post# 33440241

RE:RE:Today's Sedar filing for the quarter shows continued

RE:RE:Today's Sedar filing for the quarter shows continuedThe Chu Chua property is on trend with several mineral deposits in the area. The most interesting being the Yellowhead (Taseko) copper property which could be massive. My understanding is that due to forest fires in the area and more recently covid, no additional work has been carried out on the property. My understanding is that eventually management will do some additional work on the property and if successful would attempt to farm it out to a larger player.  Additionally there is potential for further discoveries on the GOR leases in Australia. Beach continues to drill on the GOR leases and it is very possible new discoveries could be made and add value to the existing royalty already being received by NWX. With the price of Brent above $70, IMO NWX is a great investment at these prices and does have some upside potential. 
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