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Market:	ASX
Sector:	General Mining
EPIC:	NMN

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Newport Mining

Newport Mining (ASX: NMN) primary focus is on the exploration and development of its potentially large scale phosphate projects and other phosphate opportunities in Brazil.

NMN is well positioned to capitalize on the growing demand for phosphorous-based fertilisers in the expanding agriculture sector in Brazil and controls a large prospective land position of over 400,000 hectares, located close to existing infrastructure including rail, roads, water, power and ports. Access to important domestic markets in a country that is a net importer (approximately 50% per annum) of its phosphate needs gives Newport a competitive advantage to phosphate producers currently exporting to Brazil.

Newport Mining encouraged by rock chip sample results at Mata da Corda

Thursday, September 09, 2010

Newport Mining (ASX: NMN) reports reconnaissance rock chip sampling at the Mata da Corda Phosphate Project in Brazil continues to provide further encouragement and identify new drill target areas.

Rock chip sampling has returned grades of 23.1%, 18.6%, 11.15% and 10.20% P2O5 at the surface from an open ended potential zone extending over more than 1 kilometre.

Significantly the new zone is located less than 3 kilometres to the west of the Capacete Target that is currently being tested with a 1,100 metre diamond drilling program.

Simon Taylor, managing director, said, “We are pleased to announce the identification of a new zone of surface phosphate mineralisation with the return of further excellent results at Mata da Corda.”

“The new results are particularly pleasing as they occur close to our existing Capacete Target and with the drill rig currently on site we will be able to drill test this new zone immediately after we finish the program at Capacete."

"Reconnaissance surface sampling is ongoing and we hope to announce further results as they come to hand as we sample prospective zones identified from a combination of topography, geology and magnetics.”

There has been no significant phosphate exploration in the region since the Brazilian Geological Survey completed their work in the late 1960’s-70’s.

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