Newport was incorporated on 31 October 2007 for the purpose of exploration,
development and investment in resource opportunities. On 27 November 2007 a
joint venture agreement was signed between Newport, PlatSearch NL and Bohuon
Resources Pty Ltd for the Pathfinder Project comprising South Australian
exploration licences 3216, 3280 and 3281. This agreement gives Newport the
opportunity to earn a 60% interest in the Pathfinder Project. The Company
will explore the area for Sudbury-style nickel sulphide deposits and
iron-oxide associated copper-gold deposits.
The Company has resolved to change its name to "Aguia Resources Limited" and is in the process of finalizing the change of name with the Australian Securities Exchange ('ASX'), with the formalities expected to be completed on Monday 11 October 2010. ASX have advised that the Company's new ASX code will be AGR.