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NWX – Newport Exploration Ltd

Compliant

★★★☆☆

Newport Exploration Ltd is Shariah compliant. The company’s financials pass three standards and fail in two.

$38,093,297

Market cap

-

Revenue Growth

-

Analysts' Rating

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N/A

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Total Analysts: 0

Company Profile

Newport Exploration Ltd. is a Canada-based natural resource company. The Company is engaged in the acquisition and exploration of resource properties. The Company has royalty interests in producing oil and gas permits in the Cooper Basin, Australia, and a mining project in British Columbia, Canada. The Company holds a 2.5% gross overriding royalty on several oil and gas permits in the Cooper Basin in Australia. These permits are being operated by Beach Energy Ltd. (Beach) and Santos Ltd (Santos). Its exploration licenses include EX-PEL 91, EX-PEL 632, 106 and PPL 239. Its Chu Chua copper gold deposit is located approximately 30 kilometers north of Kamloops, British Columbia. The deposit is a Cyprus-type volcanogenic massive sulphide body hosted in two steeply dipping lenses of pyrite-chalcopyrite and magnetite up to 40 meters (m) thick, with a known strike length of approximately 400 m and a known depth of 250 m.

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