Newport Exploration Ltd.

Description

Newport Exploration Ltd. is a junior natural resource mining company. Newport Exploration primarily identifies, evaluates, acquires, and explores mineral projects. Newport Exploration Ltd. is listed on the TSXV, trading under the ticker NWX.

The Vancouver-based mineral resource company owns a royalty interest in the oil and wet gas fields in the Cooper Basin, Australia. The Cooper Basin consists of numerous oil and gas grounds identified since 1963, including more than 103 oil permits and 165 gas permits.

Newport Exploration Ltd. owns 2.5 per cent gross overriding royalty on oil and wet gas permits on the Western Wet Gas Fairway along the basin, which includes:

EX-PEL 91, an oil exploration and production permit that hosts five main fields -- Bauer, Chiton, Hanson, Pennington, and Stunsail. Beach Energy operates the EX-PEL 91 Project.

EX-PEL 632, 106 and PPL 239 -- Beach Energy and Santos Ltd jointly operate and manages these oil and gas permits. The projects also include the Middleton gas processing plant.

The Australia-focused oil and gas royalty portfolio provides comparatively low-risk exposure to Newport Exploration regarding the exploration and production of oil and gas resources.

Newport Exploration owns a 100 per cent stake in the Chu Chua Project, a copper (Cu) and gold (Au) project situated some 30 kilometers north of Kamloops, British Columbia. The Chu Chua Property hosts volcanogenic massive sulphide (VMS) deposits containing precious metal and base metal elements like copper, silver, gold, and zinc.

Newport Exploration Ltd. is planning to further exploration operations, including drill programs to grow the mineral resource potential and increase production capabilities for the development of its projects.