Two Best ASX Penny Stocks Under $1 to Invest in Right Now

With markets performing globally, penny stocks to watch for potential excellent returns are

Xanadu Mines Limited (ASX: XAM)

Xanadu Mines Limited has extended the timeline to ensure the highest standards in mine design and independent reviews, maintaining accountability for PFS delivery to both Australian and Canadian standards. The study is being conducted within the financial framework provided by Zijin Mining Group Co’s initial investment of US$35 million.

Additionally, the company is on track to complete the hydrology drilling program designed to establish a reliable water supply for operations.

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