3 ASX Penny Stocks With Market Caps Below A$70M

Listen up, folks! We're diving into the world of ASX penny stocks, and today we're focusing on three hidden gems with market caps below A$70 million. These stocks might be small, but they pack a punch with their growth potential and strategic initiatives. So, buckle up as we explore Nova Minerals Limited (ASX: NVA), Auric Mining Limited (ASX: AWJ), and SciDev Limited (ASX: SDV).

1. Nova Minerals Limited (ASX: NVA)
- Market Cap: A$247.5 million
- Growth Drivers: Nova Minerals has delivered impressive results from its Stibium Antimony-Gold prospect, with high-grade gold values and significant antimony concentrations. The company's flagship Estelle Gold and Critical Minerals Project in Alaska is also progressing well, with shallow, high-grade drilling intercepts and expanding mineralization zones. Additionally, Nova Minerals has secured a $10 million finance facility with Westpac to enhance its balance sheet and flexibility. The company plans to capitalize on new USA EPA PFAS regulations by advancing its North American PFAS pipeline and aims to boost its presence in the Global Mining Sector through direct sales, local licensing, and partnerships, particularly with Nuoer Chemicals.
- Investment Appeal: With a strong focus on critical minerals and gold, Nova Minerals is well-positioned to benefit from favorable market dynamics and increasing demand for these commodities. Its market cap below A$70M makes it an attractive investment opportunity for those seeking high-growth potential in the mining sector.

2. Auric Mining Limited (ASX: AWJ)
- Market Cap: A$1.1 billion
- Growth Drivers: Auric Mining has achieved strong results from its Jeffreys Find Gold Mine, surpassing 10,500 ounces of gold sold in 2024. The company is also progressing well with its mining campaigns and has signed a historic Native Title Agreement with the Ngadju Native Title Aboriginal Corporation, streamlining approval processes for its mining operations. Auric has entered into a conditional agreement to acquire the Burbanks Gold Processing Facility for A$4.4 million, which will enhance its operational flexibility and position the company to take greater control of its milling processes in the WA Goldfields.
- Investment Appeal: With a strong focus on gold mining and a solid cash position, Auric Mining is well-equipped to capitalize on favorable market conditions and growth opportunities in the gold mining sector. Its market cap below A$70M offers investors the potential for significant returns, although it comes with higher risk due to the volatility of the mining sector.

3. SciDev Limited (ASX: SDV)
- Market Cap: A$141.28 million
- Growth Drivers: SciDev Limited has made notable progress across its divisions, with the Water Technologies division developing FluorofIX™ pilot plants in Europe and North America and securing a $4.7 million two-year extension for PFAS treatment with a major Australian mining client. Additionally, the company won a $2 million Build, Own & Operate (BOO) contract with Ventia for a temporary water treatment plant in Victoria and received a $9.35 million contract from a Tier 1 construction company to design and construct three water treatment plants for a new tunnel project in NSW. SciDev's Chemical Services division supported eight completion fleets across four North American oil and gas basins, saw a 51.5% increase in CatChek™ sales, and secured a two-year contract with Thunderbird Minerals Sands Project, expected to generate around $7.0 million in sales. The company expanded its international footprint with MaxiFlox® chemistry sales through resellers in Turkey and Mexico and established a joint venture in Singapore with Nuoer Group.
- Investment Appeal: With a strong focus on water technologies and chemical services, SciDev Limited is well-positioned to benefit from growing demand for sustainable and efficient resource management solutions. Its market cap below A$70M makes it an attractive investment opportunity for those seeking exposure to the growing water and chemical services sectors.

In conclusion, the growth potential of these three ASX penny stocks is driven by their strong financial health, strategic initiatives, and market dynamics. Their market caps below A$70M influence their investment appeal by offering opportunities for significant returns, although they come with higher risk. Investors should conduct thorough research and analysis before making any investment decisions, as penny stocks can be highly speculative and volatile.