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 > Management reports further good news from Beach Energy.

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Comment by canon12345on Oct 26, 2021 7:53am

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Post# 34048507

RE:RE:Management reports further good news from Beach Energy.

I agree Jay, I would be happy if the dividend remains at $.02 and is backed fully by the Q royalty payments. Having said that the exploration drilling could lead to one or more new discoveries which may be a game changer. They have not done any Exploration drilling in 5 years on NWX's leases so who knows what might turn up and there is alot of acerage still to be explored. One of the most undervalued dividend stocks currently IMO.

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Advancing flagship Ishkõday Gold Project in Ontario