Azzet reports on three stocks with market-moving updates to share today.
Battery age Minerals soars after updating on Falcon Lake
Shares in Battery Age Minerals (ASX: BM8) were up around 16% at the open after the ASX small cap miner confirmed significant concentrations of critical metals—rubidium (up to 11,400 ppm), caesium (up to 2,600 ppm), tantalum (up to 2,300 ppm), and gallium (up to 95.6 ppm)—within its Falcon Lake Lithium Project in Ontario, Canada.
While Falcon Lake has extremely positive historical exploration results, it has been lightly explored, which is one of the reasons why today’s update excited the market.
If you’re new to critical minerals, here’s an overview as to what they’re used for:
- Tantalum – critical in electronics, aerospace and defence.
- Caesium – used in atomic clocks, specialist drilling fluids, and imaging.
- Rubidium – vital for quantum computing, fibre optics, and advanced glass.
- Gallium – a key semiconductor and AI chip material; global supply dominated by China.
The findings announced today highlight Falcon Lake as not only a premier hard-rock lithium project but also a potential source of multiple critical metals, strengthening its strategic significance.
Only 5 of 30 high-priority targets have been drilled to date, leaving considerable exploration upside.
The multi-commodity nature of the deposit is expected to add strategic value, especially given rising lithium prices, and the company plans further geochemical, geophysical, and metallurgical work to assess recovery of critical metals [alongside lithium].
Commenting on today’s update, Battery Age CEO, Nigel Broomham told the market that with lithium prices showing signs of recovery, Battery Age remains strategically placed to recommence on-ground work at Falcon Lake as commodity markets continue to strengthen, leveraging high-grade discoveries and multi-element potential.
He also reminded the market that Falcon Lake has consistently delivered exceptional results.
“This combination of scale, grade, and multi-commodity potential makes Falcon Lake a standout asset in the critical minerals space,” he said.
Meantime, upcoming drilling campaigns are expected to systematically evaluate these targets to unlock the full-scale potential of the Falcon Lake Project.
During the June quarter, the company completed a $3 million capital raise via a two tranche placement to support its dual-drilling strategy.
The company closed the quarter with a cash balance of $41,000, while exploration expenditure during the quarter totalled $317,000.
Battery Age Minerals has a market cap of $11.8 million; the share price is down 35% for the year and up 47% in the last month.
The stock’s shares appear to be in a long-term bearish trend confirmed by a falling 200-day moving average.
However, there are rallies occurring at shorter time frames, the 5-day moving average is above the 50-day moving average and the 20-day moving average is rising.
Consensus doesn’t cover this stock.
Temple & Webster jumps higher on robust FY25 result
Shares in Temple & Webster (ASX: TPW) were up over 6% at the open after the online homewares and furniture platform announced a FY25 update that clearly impressed the market.
Driven by a growing customer base of both new and repeat shoppers, the company reported 21% jump in full-year revenue to $601 million with earnings coming in at $18.8 million, beating its margin guidance of 1 to 3%.
One of the major drivers of the company’s $11.3 million net profit, up $9.5 million on the previous year, was the home improvement category which delivered a revenue increase of 43%.
The company’s market share of the furniture, homeware and improvement sector had grown to 2.7%, with June registering a 28% increase in checkout revenue.
Commenting on today’s update, CEO Mark Coulter told the market that another set of record results pushes the company closer to its goal of becoming Australia’s largest retailer in the furniture and homewares category.
“With anticipated interest rate reductions, coupled with stimulatory government policies relating to housing, we remain optimistic that conditions in FY26 should be favourable for the furniture, homewares and home improvement categories,” said Coulter who expects the momentum built throughout the second half of FY25 has continued into FY26.
“… our customer proposition centred around price, range and convenience continues to resonate with the next generation of shopper in our category.”
Key FY25 financial highlights include:
- Strong EOFY promotional period, with revenue from 1 June to 30 June 2025 up 28% year-on-year.
- Cash balance of $144 million as at 30 June 2025,4 with no debt.
- Active customers at ~1.3 million, up 16%.
- Revenue per active customer of $456 for FY25, a slight decline from $461 in FY24.
- Conversion rate of 3.0%, up 5%.
- Sales of exclusive products now represent around 45% of total revenue.
- Fixed costs as a percentage of revenue declined from 11.3% in FY24 to 10.6% in FY25.
In FY25, the business generated free cash flow of $37.9 million and appears to be well-capitalised and fully-funded to continue executing on our growth plans.
Meanwhile, the new financial year has started strongly, with revenue from 1 July to 11 August 2025 up 28% year-on-year.
For FY26, the company guided to a margin in the range of 3 – 5%, targeting the mid-point of the range, driven by leverage on its fixed cost base and FY24/25 marketing investments.
Based on the observations of fund manager Wilson Asset Management (WAM), the online retailer has benefited from rising online retail confidence, improved consumer discretionary spending and supply logistics normalisation, market optimism, plus improving sector and macroeconomic conditions.
The fund manager believes the company’s drop-shipping e-commerce business model has also benefitted from structural growth in online furniture and homewares retail sales alongside easing supply chain constraints.
“With disposable income stability supporting discretionary retail spending, Temple & Webster Group stands to benefit from further interest rate cuts and eventual recovery in the housing market,” the fund manager noted.
Temple & Webster has a market cap of $3.2 billion; the share price is up 126% in one year and up 25% in the last month.
The stock appears to be in a strong bullish trend, confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 20 and 50-day moving averages.
Consensus is Moderate Buy.
Telstra falls in mixed FY25 result
Shares in Telstra (ASX: TLS) were down around 2.6% at noon after the market decided that the quality of the telco’s underlying earnings weren’t as flash as the FY25 headline result might suggest.
While the 31% lift in annual net profit to $2.34 billion largely met market expectations, it’s how the telco delivered its bumper profit that clearly bothered the investors today.
Disappointing mobile growth business saw the telco report its slowest earnings growth in four years.
Revenue in its mobile sector was up 4.7% to $5.26 billion for the year, the largest growth in absolute terms, while the largest percentage growth was in its fixed-enterprise unit, which rose 75% to $239 million.
By its own admission, much of today’s result was attributable to some pretty aggressive cost-cutting and disciplined capital management as it closes it highly touted T25 strategy.
Telstra saved $735 million from restructuring, which is largely through reduction of headcount, and $305 million on fixed costs for its core network, however, other fixed costs rose $245 million.
Overall, core fixed costs were cut by 4.7% and it told the market it had reduced its core fixed costs by $428 since 2022.
While earnings in the poorly performing enterprise division were up by $103 million, international earnings fell $96 million (12%), with the telco planning to remedy the latter via a strategic review and cost reductions.
However, cost-cutting aside, what the Telstra result lacked was growth and any indications as to where it is going to come from.
While InfraCo, Telstra's data centre infrastructure play, was up 3.1% to $1.81 billion, its after Optus and TPG launched their $1.6 billion deal to share mobile towers earlier this year, CEO Vicki Brady attributed slower growth to the 3G shutdown and the decision to switch off COVID-era plans.
“We won’t have a generational change in mobile networks in FY26. But you know, the mobile business in dynamic,” she said.
"Our reported growth this year is stronger than underlying growth because of significant one-off net costs totalling $715 million in the prior year, mostly related to impairments and restructuring associated with the reset of our Telstra Enterprise business."
Telstra also told the market today it would sell 75% of its cloud-based business Versant Group to Infosys for $233 million.
Overall, Telstra’s FY25 earnings were $8.02 billion, and for FY26 the telco guided to earnings coming in between $8.15 billion and $8.45 billion.
The telco expects to spend between $300 million and $500 million on "strategic investments”.
In addition to a 19 cents-per-share dividend, Telstra also announced a $1 billion stock buyback brokered by Barrenjoey.
Telstra has a market cap of $55.1 billion; the share price is up 25% in the last year and down 2.3% in the last week.
The stock is in a strong bullish trend, confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 50-day moving average.
Consensus is Moderate Buy.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.