SP Angel – Today’s Market View, Tuesday 7th July 2026

Gold weakens after Qatari LNG carrier hit off Hormuz as China buys the dip

MiFID II exempt information – see disclaimer below

Anglesey Mining (AYM LN) – Review of historic geological information from Parys Mountain

Asara Resources (AS1 AU) – Assay results from drilling at Kada, Guinea

First Class Metals (FCM LN) – Assay results from drilling at the Roy prospect, Ontario

Great Western Mining (GWMO LN) – Tungsten reported in channel sampling

Ionic Rare Earths (IXR AU) – UK industry minister site visit to Belfast Demonstration Plant

Kendrick Resources (KEN LN) – Rare earths mineralisation at Teufelskuppe, Namibia

Lynas Rare Earths (LYC AU) – Partnership with a SK magnet manufacturer for a plant in Malaysia

Phoenix Copper* (PXC LN) – Planned fundraising for the Empire project, Idaho

Tolu Minerals (TOK AU) – Tolukuma MRE due August as first production targeted for 1Q27

West African Resources (WAF AU) – 2026 guidance reiterated, Kiaka dilution and permits update

Gold ($4,128/oz) weakens after Qatari LNG carrier hit off Hormuz as China buys the dip

• Gold prices have edged lower from recent highs of $4,200/oz, weakening to $4,128/oz.
• The metal saw some relief late last week as the dollar rally faltered, with the dollar index sliding below 101.
• However, reports of a Qatari LNG carrier being struck by a projectile have rocked confidence.
• An extended shutdown of the Straits of Hormuz may add further inflationary pressures, raise rate hike expectations and lift the dollar.
• Elsewhere, Gold ETFs have become the largest ETF products traded in China, as speculators continue to boost their allocations to gold.
• Chinese retail investors had been a major driver of gold’s rally in 2025, as speculative fervour overcame the market.
• Importantly, Bloomberg reports that China’s PBoC added to gold purchases in June, buying 480koz, marking the largest purchase since 2023.
• China has now added gold to its central bank reserves for a consecutive 20 months.

Tantalum, cobalt, tin – Ebola / Marburg outbreak in Eastern DRC and Uganda threatens tantalum, cobalt and tin

New Ebola treatment being trialled in DRC to combat escalating epidemic

• A new treatment by ILA has been fast tracked and approved for urgent use in Ebola outbreak in the DRC.
• This is a rare case of using an emergency trial to generate rare human data in a real-world virus outbreak.
• The outbreak has infected 1,561 people and claimed 506 lives according to the DRC authorities in the world’s third largest Ebola outbreak.
• US agencies invested >$70m in funding to test a drug called Galidesivir against viral diseases including Ebola.
• The drug has Phase 1 safety data in humans and effectiveness in animals against Ebola, Marburg and 17+ other viral diseases.
• The drug is owned by Island Pharmaceuticals (ILA AU) which opted to focus on a vaccine for Marburg which is seen as a major bioterror threat with no approved treatment.
• ILA now has full authority to deploy Galidesivir under a WHO emergency-use framework in Bundibugyo Ebola outbreak in Uganda.
• One reported Ebola death is reported to be from the Marburg virus. If true, this makes the outbreak even more serious than it was already.
• Eg, there are cases of Marburg within the Ebola outbreak, with similar early symptoms.
• Fortunately, Galidisivir has demonstrated effectiveness in treating Ebola and Marburg.
• Let’s hope Galidisivir and other vaccines work or the Eastern DRC and parts of Uganda may rapidly become no-go zones.
• Tantalum: Around 40-50% of the world’s tantalum comes from the DRC, with most if not all from the Eastern DRC.
• The DRC also produces >70% of the world’s cobalt and 6-8% of the world’s tin, mainly from Alphamin’s Bisie tin mine.

Nickel – Indonesia’s Philippine ore imports jump 116% as its own quota bites 

• Indonesia imports of nickel ore from the Philippines rose 116.8% to 6.02mt from January to May (BPS ‘the national statistics agency’).
• Most of the ore was processed in the large smelting hubs of Weda, Morowali and Kendari.
• Industry group FINI ‘the Indonesian nickel industry forum’ sees full-year imports near 25mt, up from 15.33mt last year.
• Indonesia’s reduced quota of 260-270mt, from 320tm last year is drawing ore imports in to fill the gap.
• Indonesian government appears keen to see nickel prices rise to lift its tax and royalty take and we suspect ore import quotas will be imposed soon to address this issue.

Indonesian Miners claim new benchmark price formula is making ores hard to sell

• Miners’ group APNI ‘the Indonesian nickel miners association’ says the new official ore price formula is hurting sales.
• The HPM price formula is being used by the government figure used to set royalties.
• The new HPM price formula is closer to global prices, so the reference price is now higher.
• Smelters want to buy below the HPM, but miners are not allowed to sell below the price formula causing deals to stall.
• The situation adds to the squeeze on miners already facing tight quotas.

Tin – BYD joins the search for tin anodes in sodium-ion batteries 

• A battery unit of BYD, China’s largest EV maker, is working with a Chinese university on tin-based anodes for sodium-ion batteries, according to the ITA ‘International Tin Association’.
• Unlike graphite, tin can hold far more charge, but it swells and wears out over repeated use.
• The team built a carbon-coated tin structure that lasted over 400 charge cycles.
• It even worked at minus 10°C and is still at the lab-stage, but follows similar work by CATL, the world’s biggest battery maker.
• Global production of refined tin is expected to reach 440,000tpa this year with strong demand expected to lead to a structural deficit in the coming years.
• Demand for tin is expected to increase by 25% by 2035 according to the ITA, International Tin Association.
• PT Timah in Indonesia is looking to raise production to 30,000tpa from 17,815t last year
• Myanmar production remains subject to a level of uncertainty with the large Man Maw tin mine which used to produce ~8% of global mine output and the majority of tin ore imports into China.

Conclusion: tin prices will have to rise further to enable greater production to supply this or any other new demand for the metal.

Currencies

US$1.1428/eur vs1.1405/eur previous.Yen 162.08/$ vs162.13/$.SAr 16.240/$ vs16.411/$.$1.338/gbp vs$1.324/gbp.0.694/aud vs0.688/aud.CNY 6.799/$ vs   6.784/$.

Dollar Index 100.95 vs101.04 previous.

Economics

US – Brent jumped trading at nearly $73 on reports of a tanker hit in the Strait of Hormuz.

• Markets switched into a risk off mode amid concerns over a potential collapse in US/Iran talks.
• An “unknown projectile” struck and caused a fire on an oil tanker off the coast of Oman. It is believed it could have been a Qatari LNG tanker.
• S&P and Nasdaq futures are down 0.2% and 0.9% this morning.

Germany- Porsche to cut 4,000 jobs in Germany

• Germany is good at making cars,
• VW was saved by the British Army with military discipline and support in 1945.
• Germany automotive manufacturing became world leading, but it also taught China how to make cars.
• Now China is getting better, cheaper and faster at making cars.
• Germany is crippled with excessive unionisation, making it hard to compete against more nimble and lower cost Chinese manufacturers.
• Accusations of Chinese companies using materials and components made with ‘forced’ labour may slow the competition but will not save the industry.
• Germany risks the development of a US-style ‘Rust Belt’ if it is not able to adapt to meet Chinese competition head on.

Iran – Trump warns Iran of devastating strike

• The US is prepared to completely dismantle Iran’s infrastructure is a quick strike if negotiations fails.
• “We’re going to win one way or the other. We’re going to make a deal or we’re going to finish the job, okay. And it won’t be tough to finish the job.”
• “I’d rather make a deal, because I don’t want to affect 91 million people. We can knock down their bridges in one hour. We can knock out their energy supply.”
• “We can knock out their electricity and power generating plants. And I would say in a small part of an afternoon, every plant will be gone. And they know that.”
• Both sides agreed to pause talks until after Ali Khamenei’s funeral and neither side would fire on the other during that period (Axios).
• Trump said the US could strike Iran’s leadership gathered for Khamenei’s funeral but would not do so in order to preserve nuclear negotiations (Axios)
• The two sides have set a new date and location for talks (Arab media).
• Mojtaba Khamenei requested to attend his father’s funeral in Mashhad on Thursday, but security officials denied the request over fears Israel could attempt to eliminate him during the ceremony (The New York Times).
• Iranian Parliament Speaker Mohammad Ghalibaf declared during the funeral: “The fruit of Khamenei’s blood will be the liberation of Quds [Jerusalem].”

Turkey – Netanyahu opposes F-35s for Turkey warning it would upset the regional balance

• Netanyahu added: “They finance Hamas, they harbour Hamas. They roll out the red carpet for Hamas. They’re in fact supporting the bad guys.”
• Netanyahu also said: “Turkey didn’t lift a finger to help you [USA] in Iran.”

India / Indonesia – India and Indonesia sign a critical-minerals and steel pact

• On a state visit by India’s PM Modi to Jakarta, India and Indonesia signed about 20 agreements, according to deal coverage.
• One covers critical minerals and steel supply chains.
• The aim is to secure access to key resources and deepen industrial ties.
• It fits India’s push to lock up critical-mineral supply and Indonesia’s drive to process at home.
• The visit also covered defence, with India to supply BrahMos ‘a supersonic cruise missile’ systems.

Precious metals:

Gold US$4,127/oz vsUS$4,157/oz previous

Gold ETFs 96.4moz vs 96.4moz previous

Platinum US$1,621/oz vsUS$1,649/oz previous

Palladium US$1,251/oz vsUS$1,285/oz previous

Silver US$61.1/oz vsUS$62.0/oz previous

Silver ETFs 783.0moz vs783.0moz previous

Rhodium US$8,150/oz vsUS$8,100/oz previous

Base metals:

Copper US$13,367/t vs US$13,393/t previous

Aluminium US$3,120/t vsUS$3,115/t previous

Nickel US$16,375/t vsUS$16,335/t previous

Zinc US$3,578/t vsUS$3,557/t previous

Lead US$1,883/t vsUS$1,891/t previous

Tin US$53,000/t vsUS$52,840/t previous

Energy:

Oil US$73.0/bbl vsUS$71.9/bbl previous

• Crude oil prices edge higher on reports that a Qatari LNG carrier was struck by a projectile while exiting the Strait of Hormuz, even as increasing crude volumes appear to be transiting the crucial waterway.
• Equinor has agreed to acquire BP’s 37% interest in the offshore Canada Bay du Nord project for an undisclosed amount, which increased its ownership to 100%. The Company will continue maturing the project towards a final investment decision, currently targeted for early 2027, subject to market conditions, regulatory approvals and internal approvals.

Natural Gas €45.9/MWh vs€44.9/MWh previous

Uranium Futures $85.3/lb vs$85.1/lb previous

Bulk:

Iron Ore 62% Fe Spot (Singapore) US$97.9/t vsUS$98.3/t

Chinese steel rebar 25mm US$472.7/t vsUS$473.5/t

HCC FOB Australia US$239.7/t vsUS$241.0/t

Thermal coal swap Australia FOB US$126.8/t vsUS$128.8/t

Other:  

Cobalt LME 3m US$56,290/t vsUS$56,290/t

NdPr Rare Earth Oxide (China) US$110,904/t vsUS$111,882/t

Lithium Carbonate 99% (China) US$23,460/t vsUS$23,186/t

China Spodumene Li2O 6%min CIF US$2,245/t vsUS$2,245/t

Ferro-Manganese European Mn78% min US$1,035/t vsUS$1,035/t

China Tungsten APT 88.5% FOB US$1,705/mtu vsUS$1,705/mtu

China Tantalum Concentrate 30% CIF US$226/lb vsUS$226/mtu

China Graphite Flake -194 FOB US$410/t vsUS$410/t

Europe Vanadium Pentoxide 98% US$5.7/lb vsUS$5.7/lb

Europe Ferro-Vanadium 80% US$27.0/kg vsUS$27.0/kg

China Ilmenite Concentrate TiO2 US$217/t vsUS$219/t

US Titanium Dioxide TiO2 >98% US$2,809/t vsUS$2,809/t

China Rutile Concentrate 95% TiO2 US$1,155/t vsUS$1,156/t

Spot CO2 Emissions EUA Price US$65.1/t vsUS$65.1/t

Brazil Potash CFR Granular Spot US$397.5/t vsUS$397.5/t

Germanium China 99.99% US$4,075.0/kg vsUS$4,075.0/kg

China Gallium 99.99% US$410.0/kg vs US$410.0/kg

Europe Molybdenum Oxide 57% US$31.5/lb vsUS$31.5/lb

EV & Battery news:

New CATL light commercial vehicle battery charges to 80% in 7 minutes

• Battery maker CATL have unveiled a new light commercial battery that charges to 80% in under 7 minutes.
• The ‘Tectrans II’ light commercial superfast battery will be marketed to the logistics industry and could significantly improve last-mile delivery.
• The Tectrans II battery features 8C charging capability meaning it can charge to 80% in 6 minutes 48 seconds and to 100% in approx. 9 minutes.
• CATL says the new battery also offers an ultra-long warranty of up to 10 years and 1,000,000km, achieving “battery lifespan matching vehicle lifespan.”

Company news:

Anglesey Mining (AYM LN) 4.25p, Mkt Cap £2.8m – Review of historic geological information from Parys Mountain

• Anglesey Mining reports the appointment of two geologists to examine the historic technical information at the Parys Mountain project.
• Work will include a review of the older drill core to assess its potential inclusion “into an updated MRE model”.
• A newly appointed exploration geologist will “assist with the archiving of historic geological data and to oversee the systematic exploration efforts … [including the] … Phase-1 aero-magnetic programme recently undertaken”.
• “A follow-up aero-geophysics programme is planned to extend the coverage area outside the confines of our Phase-1 programme. In addition, our previously reported Geospatial Exploration programme is nearing completion, and the upcoming results will incorporate the aero-magnetic findings”.
• The recently appointed CEO, Andrew Fulton, said that he is “pleasantly surprised with the huge upside potential of Parys Mountain, the UK’s largest polymetallic asset, after having been in the role for just over one month. Our recent appointments of two geologists have already started reviewing the large amount of archived data, and now the ability to transform this data into a meaningful interpretation is gathering momentum”.

Asara Resources (AS1 AU) A$0.12, Mkt Cap A$257m – Assay results from drilling at Kada, Guinea

• Guinean gold explorer Asara reports assay results from 40 holes at the Kada Gold Project.
• Drilling over 6,218m targeted the Massan Deposit.
• Massan highlights include:
  • MSRC26-126: 40m at 0.9g/t Au from 40m
  • MSRC26-002: 28m at 1.1g/t Au from 98m
  • MSRC26-001: 15m at 1.8g/t Au from 20m
• Drilling is aimed at targeted the broader north-south mineralised trend.
• Inferred Resource drilling returned mineralisation 700m south of the core Massan deposit, with highlights returning:
  • 6m at 2.2g/t Au
  • 21m at 0.5g/t Au
• Management notes the results underscore the potential for expansion at the Massan deposit.

First Class Metals (FCM LN) 2.75p, Mkt Cap £13.8m – Assay results from drilling at the Roy prospect, Ontario

1. First Class Metals reports gold assay results from its drilling programme at the Roy prospect on its Sunbeam property located around 230km west of Thunder Bay in Ontario.
2. In March, the company reported the presence of visible gold in core from the programme of ~1,000m drilling where “11 of the 12 holes … [intersected] … the targeted ‘structure’” over around 300m strike length of the Nahanni Shear Zone.
3. Among the results reported in today’s announcement are:
   • An 8.5m wide intersection at an average grade of 0.45g/t gold from a depth of 43.5m in hole SUN26-01A; and
   • A 9.5m wide intersection at an average grade of 0.49g/t gold from a depth of 16.67m in hole SUN26-02; and
   • A3m wide intersection at an average grade of 0.27g/t gold from a depth of 53.3m in hole SUN26-06; and
   • A 5.1m wide intersection at an average grade of 4.14g/t gold from a depth of 13.9m in hole SUN26-05 which contained visible gold; and
   • A 5.1m wide intersection at an average grade of 0.67g/t gold from a depth of 8.9m in hole SUN26-11; and
   • A 5.4m wide intersection at an average grade of 0.227g/t gold from a depth of 13.6m in hole SUN26-12 which also intersected 4.6m averaging 0.54g/t gold from 20.6m depth.
4. The company comments that “Hole SUN26-09, the most northerly hole also contained anomalous gold, indicating the potentially gold bearing ‘package’ has an open in all directions strike of >300m”.
5. First Class Metals also reports what it describes as ‘outlier’ values including:
   • A single metre grading 1.2g/t gold at 32m depth in hole SUN26-06; and
   • 0.7m at a grade of 1.04g/t at 50.6m depth in hole SUN26-08; and
   • 0.5m at a grade of 1.18g/t at 57.6m in hole SUN26-10.
6. The company says that “These anomalous ‘sample points’ require further investigation during an overall review of the drill core and to further augment … [its understanding of] … the structural controls on the mineralisation”.
7. Marc Sale, CEO, said that the results “have confirmed our belief in the potential for the Roy trend … [and that, in conjunction with geochemical and geophysical information will] … refine follow up drill targets along the trend as well as the area of potential high-grade mineralisation at Roy”.

Great Western Mining (GWMO LN) 3.1p, Mkt Cap £13m – Tungsten reported in channel sampling

• Nevada explorer Great Western Mining reports assay results from channel sampling at the Defender-Pine Crow Project.
• The Company took four machine-cut channel samples targeting tungsten mineralisation at the Project.
• Assay results as follows:
  • 27m at 0.15% WO3 (inc. 11m at 0.25% WO3)
  • 5m at 0.12% WO3
  • 3m at 0.34% WO3
  • 18m at 0.15% WO3 (inc. 6m at 0.22% WO3)
• GWM also reports silver mineralisation in Channel F, returning 2m at 17.6g/t Ag and 2m at 10g/t Ag.
• The Company is set to begin a 7000ft maiden RC programme at the project in the coming weeks, with these results set to refine drill targeting.
• Results reportedly extend the tungsten trend by a further 1km west from Pine Crow.

Ionic Rare Earths (IXR AU) A$0.4, Mkt Cap A$86m – UK industry minister site visit to Belfast Demonstration Plant

• The Company hosted a ministerial visit at its Ionic Technologies’ Demonstration Plant in Belfast.
• UK Government Minister Chris McDonald MP of the Department for Business and Trade (DBT) and Department for Energy Security and Net Zero (DESNZ) visited facilities in Belfast earlier this month.
• The facility uses long loop (hydrometallurgical) route to recover and refine REOs from recycling spent permanent NdFeB magnets.
• The visit follows the £12m UK government grant offer in principle for the facility.
• The Company targets FID for the commercial scale facility by late SepQ26.

Kendrick Resources (KEN LN) 6.25p, Mkt Cap £26m – Rare earths mineralisation at Teufelskuppe, Namibia

• Kendrick Resources has announced that results of portable X-ray fluorescence (pXRF) analysis from its diamond drill holes TKDD004 to TKDD006 at the Teufelskuppe project in Namibia have shown “extensive, shallow and high-grade nature of rare earth element (“REE”) mineralisation within the carbonatite complex”.
• Hole “TKDD004 intersected continuous near-surface REE mineralisation from surface to 5.50m”.
• Hole TKDD005 intersected rare-earth mineralisation from surface to a depth of 8m “confirming the continuity of high-grade mineralisation close to surface”.
• The pXRF results from Hole TKDD006 showed high grade intervals within “broad zones of continuous REE mineralisation”.
• “Drill core has been comprehensively logged and submitted for laboratory analysis to validate the pXRF results and support ongoing resource estimation”.
• Chairman, Colin Bird, said that the results provide further “evidence of excellent continuity of mineralisation is enhanced by the presence of mineralised drill intercepts beginning at surface”.
• Kendrick Resources has previously announced its intention to produce an initial MRE for the Namibian rare-earths project in Q3 2026.

Conclusion: We await laboratory analysis to confirm grades of the mineralisation identified in pXRF analysis of the recent drilling at Teufelskuppe.

Lynas Rare Earths (LYC AU) A$16.9, Mkt Cap A$17bn – Partnership with a SK magnet manufacturer for a plant in Malaysia

• Lynas signed a long term partnership agreement with JS Link of S Korea, for the development of a rare earth permanent magnet production facility in Kuantan, Malaysia.
• JS Link (Kosdaq 127120, Mkt Cap ~US$0.8bn) isa Seoul headquartered biotechnology and rare earth manufacturing company.
• JS Link commissioned a permanent magnet factory in Korea with 1,000tpa capacity with products currently undergoing qualification process.
• Under the agreement, JS Link will develop a magnet factory in Kuantan, Malaysia (3,000tpa NdFeB sintered magnets capacity).
• Lynas to invest A$50m (US$35m) in JS Link equity with the funds to be directed towards construction.
• Lynas will also supply REE to JS Link current production facility in Yesan, SK, as well as planned factory in Malaysia.
• Feedstock to be provided at commercial prices under an exclusive supply agreement through January 2028.
• Separately, Malaysia will review a $96m deal that supplies Lynas rare earths to the US Department of Defense following protests linking Lynas material to US weapons used in Gaza.

Phoenix Copper* (PXC LN) 0.48p, Mkt Cap £1.4m – Planned fundraising for the Empire project, Idaho

(Phoenix holds 80% of the Empire mining property in Idaho)

• Yesterday, Phoenix Copper confirmed that it had raised “£2.4 million (net proceeds of approximately £2.1 million) in aggregate” from its previously announced Placing and Subscription of ~489.2m shares at 0.5p/share.
• “In addition to the Placing and Subscription, the Company is also providing retail investors with the opportunity to subscribe for an aggregate of approximately 100,000,000 Retail Offer Shares at the Issue Price via the Bookbuild platform”.
• The company confirms that “Catherine Evans, the Company’s Interim Chair, and certain members of her family have directly subscribed for 70,000,000 Subscription Shares and indirectly subscribed for 20,000,000 Placing Shares (in aggregate 90,000,000 New Ordinary Shares) at the Issue Price”.

*SP Angel acts as Nomad to Phoenix Copper

Tolu Minerals (TOK AU) A$1.24, Mkt Cap A$346m – Tolukuma MRE due August as first production targeted for 1Q27

• Tolu Minerals, PNG gold explorer, provides an update on its exploration programme at the Tolukuma vein system.
• The Company has now drilled 143 holes over 22,975m in its 2026 programme.
• To date, drilling has identified two new high-grade lodes which are expected to be incorporated into an updated MRE.
• These include the Fundoot Splay, which returned 4.7m at 42.8g/t Au, and the Gulbadi Splay, which returned 2m at 16.9g/t Au.
• The Company expects to deliver a Mineral Resource Estimate in late August, with 44 mineralised vein systems being assessed for inclusion.
• The Tolukuma vein system stretches over c.8km.
• Underground development has resumed at the Tolukuma Gold Mine, with first production due 1Q27.

West African Resources (WAF AU) A$2.8, Mkt Cap A$3.2bn – 2026 guidance reiterated, Kiaka dilution and permits update

• The Company reports 2Q26 production at its Sanbrado and Kiaka gold operations in Burkina Faso.
• Sanbrado – 57.6koz produced / 45.3koz sold
• Kiaka – 67.6koz produced / 65.5koz sold
• Group – 125.2koz produced / 110.7koz sold
• Average realised gold price $4,556/oz.
• YTD Group – 232.9koz produced / 214.9koz sold
• 2026 guidance (Dec YE) reiterated at 430-490koz.
• The Company continues to finalise terms for the state acquisition of an extra 25% interest in the Kiaka operation for 70bn CFA (A$176m).
• That would reduce WAF interest in the mine to 60% from 85%.
• Permits for M5 South underground development at Sanbrado are currently pending (applied 2025).
• Development currently behind schedule with works to start early 2027 subject to approval secured 2H26.
• Permits for an operation of constructed explosives manufacturing and storage facility at Kiaka have not been approved.
• Open pit operations at Kiaka were reduced during the quarter due to a lack of explosives.
• Mining operations have been rescheduled to focus on areas of free dig with waste stripping reduced at Kiaka and Toega.

SP Angel – No.1 for Precious Metals: LSEG StarMine Award for Most Accurate Forecasting in Reuters Polls Q1 2026

No.1 for Precious Metals: Q1 2026

No.1 for Precious Metals: CY 2025

No.1 in Precious Metals: Q1 2025

No.1 in Precious Metals: CY 2024

No.2 in Base Metals: CY 2024

Analysts

John Meyer –John.Meyer@spangel.co.uk – 0203 470 0490

Simon Beardsmore – Simon.Beardsmore@spangel.co.uk – 0203 470 0484

Sergey Raevskiy –Sergey.Raevskiy@spangel.co.uk – 0203 470 0474

Arthur Parish – Arthur.Parish@spangel.co.uk – 0203 470 0476

Sales

Richard Parlons –Richard.Parlons@spangel.co.uk – 0203 470 0472

Abigail Wayne –Abigail.Wayne@spangel.co.uk – 0203 470 0534

Rob Rees –Rob.Rees@spangel.co.uk – 0203 470 0535

Grant Barker – Grant.Barker@spangel.co.uk – 0203 470 0471

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