Newport Exploration Receives AUD$255,521 Net Quarterly Royalty Payment

Reuters
Mar 04
Newport Exploration Receives AUD$255,521 Net Quarterly Royalty Payment

Newport Exploration Ltd. reported receiving a quarterly royalty payment from Beach Energy Ltd. for the November 2025 to January 2026 period under its 2.5% Gross Overriding Royalty in Australia’s Cooper Basin. Gross royalty income for the quarter was AUD$365,030, and Newport received AUD$255,521 net after a 30% Australian withholding tax of AUD$109,509. The company also stated it has approximately CDN$3.0 million in its treasury and no debt, and reported 105,579,874 common shares outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newport Exploration Ltd. published the original content used to generate this news brief on March 02, 2026, and is solely responsible for the information contained therein.

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