UPDATE UPDATE UPDATE..

COMPANY WEB SITE.........

http://www.vaneminerals.com/

THE PRICE OF URANIUM IS GOING BALISTIC...

The uranium spot price hasn't seen a down month since 2001. For years now, uranium producers have met just 60% of total annual demand - the other 40% coming from government stockpiles and decommissioned nuclear warheads. This can go on for only so long.

The tightness of supply comes at a time of atomic resurgence. Three large-scale factors have turned the tide in favour of nuclear energy:
geopolitics, global warming and developing world growth.

Analysts are debating over wether the SP of Uranium increase will be three fold within 2007?.

Looks like to me, the best play on the UK market for Uranium and it hasnt gotten away yet like the other two ZBA Zareba and URA Uranium which have multi bagged. Its also in a position to fund its development with a new gold mine producing. Ive added twice this morning and think this one could be very big. Heres the announcement...........

Vane Minerals PLC
07 March 2005


VANE Minerals plc (AIM: VML)

VANE Announces Diversification Into Uranium Exploration And Development

Vane Minerals ('VANE' or 'the Company') announces that it is diversifying its
current project portfolio by entering into the uranium exploration and
development business.

To date 7 uranium targets have been successfully claimed by the Company and 28
further properties have been identified and are under development. VANE expects
to finalise its property position by the end of the first quarter 2005. The
Company is targeting uranium projects that are either at, or near, resource
stage or targets that exhibit similar surface features to mines with past
production, but that have not yet been evaluated for the presence of uranium.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
current uranium market conditions, we prefer to not identify the location until
we complete our property position. Previous drilling data available for some of
the 7 properties successfully claimed indicate grade intersects from 0.34 up to
1.78% U3O8.

VANE has incorporated a 100% owned subsidiary to hold its uranium properties and
has also successfully recruited a uranium geologist, Kristopher K. Hefton B.Sc.,
who has considerable experience in this field and is a great addition to the
VANE team. Mr. Hefton has worked with VANE's exploration team in the past during
his time at Freeport McMoran, and he has also worked for Barrick Gold
Corporation, Homestake Mining Company and Energy Fuels Nuclear Inc.

Michael Spriggs, Chairman of VANE, commented, 'We are delighted to announce the
addition of these uranium assets to the VANE portfolio and will update the
market with more substantial details once further properties have been claimed.
The uranium market has been strong for some time now, reflecting a long-term
forecast supply shortage and the growing recognition that nuclear energy offers
a cleaner and more energy efficient fuel source. Through our extensive network,
we have identified some quality projects and look forward to releasing further
details when appropriate.'

Enquiries:

VANE Minerals plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

cheers GF.

three large t trades and the price goes up. Could anybody confirm if t trades can be filled over a number of days or is it just the one? Defo the largest trades we've had for a while i think

Daws

Daws - it's a good question - to which I don't know the answer, (but there must be somebody here who does...)

If you assumed 24 hours, then those three T trades could easily be buys processed largely at the end of yesterday but not finished till late today. In any case if they were sells I imagine the sp would have gone down quickly and markedly. And it fits in with the general pattern lately. Unless there's a big markdown in the morning I'd assume they're probably buys. (The only other scenario that makes any sense to me is that they're sells 'generated' in order to fill another buy order that's being processed.) Either way it's good news.

However, I remain open to being educated by someone more knowledgeable on these matters!

It does seem like that next RNS is very eagerly anticipated now.

Cheers, Madison

A few extracts from "Profit from the uranium bull run" by Gary White
15.08.05
UK-Analyst

"Profit from the uranium bull run
Says Garry White, Stockmarket Reporter at UK-Analyst.com

These recommendations do not constitute advice, please read the risk warnings

An interesting shift is happening in the energy sector and it almost looks like a step back. Actually, it probably is the most sensible way forward. Its nuclear power and the current tight supply of oil is forcing many governments to look at this alternative source of energy. The US, as ever, is leading the way, but there is also a lot of interest in the technology in Asia due to the scarcity of coal reserves across the continent.

Nuclear power is going to be a cornerstone policy as the US Government tackles its energy crisis. Part of this will be upgrading the national power grid, which has been substantially neglected. But the bill is set to promote nuclear power, reversing years of policy after the Three Mile Island incident sent serious doubts about the technologys safety.

Two months ago George Bush became the first incumbent resident of the Oval Office to visit a nuclear power station for 25 years. To rapturous applause, his speech at the Calvert Cliffs Nuclear Power Plant in Maryland went down a storm. It has been 30 years since the US last constructed a nuclear power plant, but that is set to change. Nuclear power currently provides 20% of US electricity needs - but the President wants this to rise. After all, isnt becoming less reliant on foreign oil the patriotic thing to do?

Dozens of reactors are being built or planned in Asia, several in Europe, and there is talk of new reactors being built in much of the rest of the world. European manufacturers are even looking at nuclear power to manage their own long-term power prices, with Alcan said to be considering building a plant to feed its aluminium smelting capacity in France. Construction of a reactor in Finland is already under way to supply the pulp and paper industry. France announced this summer that it would help Libya plan a nuclear energy programme.

Uranium is the fuel that drives the resurgent power revolution and, although its price has jumped already, it looks like the price of this radioactive metal is firmly on an uptrend. The uranium price during the 1970s was $43 a pound but, as nuclear power went out of fashion, the cost of the metal plunged to around $7 a pound. Today, the price stands at around $30 a pound - still below historical highs. There are even some analysts forecasting that the price of uranium will hit as much as a whopping $100 a pound, but this is probably over optimistic but not impossible. A conservative target for the commodity of $50 a pound is realistic. Basically, it looks like the uranium industry is going to turn into a bit of a cash cow over the next decade and now is a good time for a long-term investor to get in on the act. And it's all about yellowcake.

Yellowcake is the mineral that contains uranium. Now is a very good time to get hold of such a resource before prices really rocket. And the big global players know this. Recently, the world's largest mining company, BHP Billiton, snapped up Australian group WMC Resources. Why? Well, because of its Olympic Dam uranium resource, of course. It's the world's largest single uranium resource - and they wanted it. The WMC board fully expected that the uranium price would jump - and they pulled off some good negotiations, so BHP was forced to increase the price. Hedge funds have even started buying uranium - the signals are that bullish."

Cheers, Madison

Cheers madison, good article.

For info:
'T' If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected.

Doesn't say anything about the timescale of a t trade, so presume it could of been filled over a number of days etc

Must say it does feel like we've got a rns due, plenty of buys recently and some large trades and we are due some updates etc..

Lets wait and see.

Daws

Right. To answer you questions guys - and in fact leads on nicely from the last post. I have been analysing at the share price over the past couple of weeks.

Below are all the T trades gone through. All starting since the 10/8.


15/08/05 16:10 16.75 250,000 T 16.25 17.5 Sell 49,278 285,500 0
15/08/05 16:23 17.25 220,000 T 16.25 17.5 Buy 269,278 285,500 0
12/08/05 16:37 17.25 200,000 T 16.5 17.5 Buy 292,690 196,508 25,000
11/08/05 16:32 16.5 150,000 T 16.5 17.0 Sell 170,453 301,111 0
10/08/05 16:39 16.5 100,000 T 15.0 17.0 Buy 123,810 46,107 0
11/08/05 16:33 17.0 100,000 T 16.5 17.0 Buy 270,453 301,111 0

Yesterday there were 350k*2 and 1*250K

These have definalty been all buys, since the price has increased incrementally, on little or no volume and a majority of sells!

someone has baught 2m of these at probably an average of 17p = 340k worth.

I reckon its a director or institutions lets see if the stake building continues!

i am expecting someone to say that the 7% drop this morning on the back of sells is because MM's are trying to get hold of stock.......or ....

Hi Gn

The 7% drop this morning on the back of sells is because MM's are trying to get hold of stock, anthing to oblige - you can put the cheque in the post

Loadsa

By the way what does B in front of a transaction mean and would this transaction be carried out at an engineered advantageous price?

Loadsa,

A b trade is a broker to broker transaction. When a broker is buying this is usually a good sign in my opinion, as im sure they wouldn't want to sell at a lower price.

Daws

thanks loadsa, is a post dated cheque ok, have to wait for some profits to manifest themselves.....

GN

red day for me today, all 'round..........Yuk !!!!

All quiet on the vml front lately, must be due some updates soon. Still happy to hold longterm. Can't wait till we get some news regarding uranium!

Daws

U3O8 spot price nudged up again daws. To $30.20.

Cheers, Madison

hope this one moves up again soon-getting a bit bored!

Vane Minerals PLC
05 September 2005



VANE Minerals Plc

Interim Report - Six Months to 30th June 2005



Highlights

All work programmes proceeding under budget
Diablito gold-silver mine underground development and construction of ore
production stopes commenced
Phase I drilling programme completed at prospective Guadalcazar gold
prospect in Mexico
Phases II & III drilling programmes completed at Mina Charay gold-silver
prospect in Mexico
Mineral Investigation Permits covering 3,445 square kilometres granted in
Paraguay
As at 30th June the Group had cash balances of 1.53m
Exciting uranium prospects acquired in North America



Post Period End Highlights:

Agreement signed on Choix Copper prospect in Mexico, containing many
surface samples assaying between 1-3% copper
Diablito second phase development continues and ore production commenced



Chairman's Statement

I am pleased to present this review of your Company's activities for the six
months to 30th June, 2005.

In January, we announced a further extension, to 30 June 2006, of the agreement
with Freeport- McMoRan Copper and Gold Inc. which gives VANE exclusive access to
Freeport's global exploration database (excluding Indonesia). This provides one
of the cornerstones of VANE Minerals' ('VANE' or the Company') exploration
strategy: over 85% of the Freeport files have now been examined and a number of
attractive potential prospects are being pursued.

In addition to project generation from both the database and from VANE's highly
experienced team of geologists - as well as general corporate activity -
exploration and development work during the first half of 2005 focused on six
projects in Mexico, the US and Paraguay.

Diablito

Mining operations commenced during the period at the high-grade Diablito
gold-silver project, located in Nayarit, west-central Mexico. VANE Minerals had
determined the early generation of cash flow from this operation as a primary
strategic objective for the Company.

A haulage/development tunnel has been driven into the Diablito vein, to produce
ore for mill testing in order to subsequently generate positive cash flow and
thus contribute to covering development costs. The tunnel has been extended 200
metres from the portal and stope development/mining of the 13,000 tonnes
situated above the tunnel is now underway.

The first 330-tonne test shipment has been successfully concentrated at the
Cosala mill, and 11 dry tonnes of concentrates have been delivered to the
Torreon smelter. Under the revised milling/smelting arrangement, VANE will be
mining a larger tonnage of slightly lower grade ore than originally scheduled.
This material will be shipped a shorter distance, now only 350 km, from the mine
to the Cosala mill and a much smaller tonnage of concentrate will be trucked the
remaining 750km, from the mill to the Torreon smelter. The net financial result
will differ only slightly from that expected originally from transporting the
higher grade flux ore a greater distance, 1,350 km, from the mine to the
Nacozari smelter.

We are pleased with the progress now being made. A further 1,300 tonnes of ore
have been transported to the Cosala mill for processing. The mining contractors
are currently working three faces of ore, so that the target production of 1,875
tonnes per month is now achievable and there will now be regular shipments of
ore and concentrates to the Cosala mill and the Torreon smelter respectively.

Guadalcazar

Evaluation of the Guadalcazar project in San Luis Potosi, Mexico, continued
during this period. This is an opportunity from the Freeport database. On
completion of the initial geological appraisal, a 12-hole diamond drilling
programme was carried out. From the 1,222 metres drilled, samples of sawn drill
core were analysed for gold, silver, tin and mercury. Although the analysis did
not indicate economic viability, the gold and silver values (and particularly
mercury) were found to be consistently anomalous. These results have directed
us towards a number of additional targets which we plan to drill this autumn.

Mina Charay

The Mina Charay Project near Los Mochis, Sinaloa, Mexico, continues to provide
very encouraging results. An initial seven-hole drilling programme confirmed
very strong gold mineralisation locally, in a structurally complex vein system.

A detailed ground geophysical survey (self-potential) was then carried out prior
to a second round of drilling which began in March. This, together with a third
round of drilling, completed a 27 hole programme, which was finished by the end
of June. The nearly vertical vein system was intersected in 19 of the 27
inclined holes, providing 32 mineralised intercepts over a strike length of some
240 metres. The mineralised intercepts averaged 1.7 metres in width and
contained an average of 13 g/t gold and 93 g/t silver. While the deepest
intercepts of the vein system are some 50 metres below surface, the system
remains open at depth.

The drilling and analytical data being evaluated by IMC of Tucson, Arizona, will
provide the basis for a resource estimate and another small round of drilling
which may be required to complete a preliminary feasibility report.

Choix

The Choix copper prospect in Sinaloa, Mexico, was acquired after the period
under review in July 2005, following a prospect examination and a review of
previous work done by Cambior Corporation. Choix is an undrilled copper target
located at the southern end of the prolific Arizona-Mexico porphyry copper belt.
Despite easy access and outcrops showing strong (1% to 3%) copper
mineralisation, the area appears to have never been systematically evaluated or
drilled. Field work - including mapping and sampling, followed by drilling - is
scheduled to commence in September.

Paraguay Project

Despite its geological prospectivity, Paraguay is significantly under-explored
in comparison with its South American neighbours. Having applied for the mineral
rights to three large blocks of land in south-eastern Paraguay in November 2004,
three Investigation Permits for gold exploration were finally issued by the
Government in July 2005. Preliminary field investigations have confirmed
observations made during a previous exploration programme that detrital gold
exists in a number of streams. The Company now expects to move ahead with
systematic stream and soil sampling to define drilling targets.

Uranium Programme

VANE's entry into uranium exploration is a reflection of the Company's belief in
the renewed strength of the uranium market and growing predictions of long-term
supply shortages. The Company has identified a number of high-quality projects
in the south-western US. Including a number of previously drilled properties,
17 target areas have been acquired in the breccia pipe district of northern
Arizona. Advanced negotiations are underway to acquire additional attractive
properties in southern Utah, at least two of which are believed to contain a
defined uranium resource.

In addition to our aggressive programme of property acquisition, work is in
progress to utilise satellite imagery to define targets in areas not previously
considered conducive to the recognition of pipe structures and to develop
geochemical techniques to recognise mineralised breccia pipes.

Outlook

VANE Minerals remains on course towards achieving the strategic goals set at the
time of listing on AIM in June, 2004. Exploration work is proceeding on
schedule for all of our properties in Mexico as well as in Paraguay and the US.
With an excellent portfolio of projects and dedicated field teams we anticipate
further busy and successful operations in the months ahead.

At the end of June 2005, the Company's cash resources stood at 1.53 million.
The rate of Group expenditure meanwhile is currently running at 143,000 per
month. The move towards development and production of saleable concentrate at
Diablito is therefore very gratifying. Production is now expected to increase
rapidly in the coming months and, with the redefined ore sales procedure, to
provide a secure and growing source of cash flow which it is anticipated will
substantially offset exploration spending.

The movement in VANE Minerals' share price in recent months has reflected
volatile conditions in the AIM market. This period has seen an unprecedented
flow of new listings, keen competition for funds and ever closer market
scrutiny. Under these conditions, your Company's market performance can be
judged as encouraging. Underpinned by solid institutional support, we are
confident the share price will progressively reflect more accurately the growing
importance of the many attractive projects which are advancing satisfactorily.

Michael Spriggs

Chairman

2nd September 2005

Madison,

Gotta be honest, i didn't evan realise the interims were due out! lol
Have read through and i'm very pleased with the progress being made on all fronts. Vane have got there fingers in a lot of pies, which all look very tasty at the mo!
Its also great to here that advanced negotiations are underway to acquire properties in southern Utah.
The company is achieving everything that it has set out to do from day one, well done Vane and big well done to Michael Springs and the team.

Daws

p.s 'Advanced negotiations are underway to acquire additional attractive
properties in southern Utah, at least two of which are believed to contain a
defined uranium resource'

Yep, looks good for investors, and a blue start.

Cheers, Madison

Thanks Madison-looks very promising and I like the bit about positive cash flow, bring it on!!

Hi Moneyplus,

Been sifting through the interim report a little throughout the day. I think the fact that the cashburn (143,000 per month) remains unchanged is commendable, given the expanding nature of the operations.

As far as Diablito's cash flow is concerned then we have to contend with the statement: "The net financial result will differ only slightly from that expected originally..." But since the POG has changed since the original expectations I'm wondering whether that may be fortuitously offsetting the slightly lower grade ore encountered?

However, the gold's getting to the smelter now and I suppose that's what counts! It looks like excellent progress and not too long to wait now before that "secure and growing source of cash flow" comes on stream.

As the Choix copper prospect has only just been acquired I was not expecting to hear anything on that front for a while. So I'm pleased to hear that fieldwork is commencing this month. On the other hand I thought we might have been a little further forward on Mina Charay assessment by now.

They have obviously had to wait 8 months for the Investigation Permits in Paraguay, but now that is achieved at least we get a fresh newsflow source.

The uranium news was perhaps meant to be the cherry on the cake at the end of the report. But the dry style tends to dampen the effect! I wonder what effect it might have had on the sp today if instead of "Uranium Programme" as a title they had used:

ADVANCED NEGOTIATIONS UNDERWAY TO ACQUIRE ADDITIONAL ATTRACTIVE URANIUM PROPERTIES IN SOUTHERN UTAH

Oh well, just musing...

Anyway, now we are "underpinned by solid institutional support" we can all sleep soundly. Well, unless they're as fickle a bunch as the PI traders!

All in all it seems a very positive and solid report, but it's the news in the (Breccia?) pipeline that will get the sp going again. Impossible to tell when that might be, or when something else might crop up from the many possible sources so, for me, better in than out.

Cheers, Madison

DYOR

Amazing - they knock down the bid significantly and pump through two quarter of a million buys!

Cheers, Madison

Have you a target for this one Madison, at least near term?