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.

Gold prices have surged past the $500-an-ounce mark, and more gains are predicted as investors look to protect themselves against inflation fears.
Gold hit $502.70 in London, its highest level since February 1983.

Other commodity prices also have been climbing, and platinum topped the $1,000-an-ounce level.

Are you there Mr Mole VML looks to be off to a good start again today I wonder what the day holds.

Here and watching loadsadosh...doesn't look quite as brisk as the other day though. I wonder if it's just general sentiment that we may move towards nuclear power that's pushing up uranium stock or specific info on VML.

Do you know when VML's figures are out?

By the by, interesting letter I read yesterday about renewable energy v nuclear power. The comment featured on this very cold, anticyclone that's been hovering over the UK this last couple of weeks...apparently there was barely any wind to turn the wind turbines, in areas of freezing fog there was no light for the solar panels and wave energy would have been minimal due to the calm seas. Had we been relying on renewables there would have been a lot of lights going out that week!!

Fingers crossed today for VML.

I think that the finals are due on 31st dec

Mr Mole
The financial year end is 31st December.
The annual report for the year ended 31st December 2004 was dated
7th April 2005, would think indications of 2005 trading position should be out before April.

U308 weekly price now at $35.25.

tallsiii - are you still in these? Your post 833 gave us a model based on a $29 price, but since then Diablito has started production and other factors have emerged. If you're there, what's your current view?

Cheers, Madison

90K in buys 20K in sells and the mid price drops to 12.75, buyer comes in with 50K buy at 13p is this a favour or what?

Loadsa

Topped up this morning looks like a brilliant time to increase my holding! Just a bit of manipulation by the MMs but may as well capitalise on it

Tried a fill and kill order at 12.60p..missed it by a few minutes...

Increased my holding - Goldprice now at $525..!!!

16% discount to last week...last week paid 15.5p..ouch..!

POG $525 blimey thats really moving.

Just had this in my mail:

Vane Minerals In The Press
Minesite, Minews Story by Jack Hammer : Vane Minerals Moves Towards Its Target Of Being A Self Funded Exploration Company
By Jack Hammer

Diablito, AIM listed Vane Minerals' high grade silver and gold project in Mexico, is now in production. The company should, according to Seymour Pierce analyst Charles Kernot, have received "a nice big cheque for their first delivery of concentrate, probably about a week ago". Taking into account a stockpile of previously mined ore built up over the past few months, Vane can expect to pull in at least US$400,000 from this initial shipment. Mr Kernot forecasts sales for the full year at US$900,000. That won't take the company to profitability, but it is a statement of intent.

Vane was always intended to be a self-funded exploration company. At its core lies a database of exploration projects brought in by the original founders, the former Freeport McMoRan exploration team of Steven Van Nort and Frank Nelson. That repository of knowledge has itself been extensively mined to produce the core of the varied portfolio that Vane has. "We are exploration, not mining," emphasises executive director Matt Idiens. Mining consultants run Diablito, as they will Vane's other potential producing asset Mina Charay, which could be in production within 12 months. The plan is for the cash generated from those assets to finance exploration for bigger projects.

On current resource numbers Diablito should produce around 2million ounces of silver and 16,000 ounces of gold over a mine life of four years. That should bring in around US$250,000 per month, meaning the company is already in a position to cover most of its costs. The mine life could also be prolonged if further exploration proves successful. The addition of gold production, if it comes, from Mina Charay, a high grade vein system, should then ensure that Vane achieves its aspiration of becoming a self-funded exploration company. Sales of US$3million are expected next year, and profits of US$200,000. Although those forecasts come from Seymour Pierce's Mr Kernot - recently voted Analyst of the Year by the Association of Mining Analysts - they should be regarded as fairly loose.

There's the issue of whether gold and silver prices stay at their current high levels. If they drop significantly then Vane could be loss-making for a little while longer. That doesn't look likely in the current climate though, and in any case, with over 1million in the bank, further dilution for anything other than a sizeable deal isn't on the cards.

Much more depends, says Mr Idiens, on how much Vane chooses to spend on its uranium assets. With uranium creating a bit of a buzz in London at the moment, Vane's November acquisition of the North Wash uranium property in Utah received a fair amount of coverage. The company hasn't divulged a huge amount of detail on its 17 other uranium "target areas" in the breccia pipe district of northern Arizona, and there wasn't extensive detail on North Wash either. "Uranium is a big kicker and will hopefully pull out a lot of value", says Mr Idiens, who plans to update the market in detail at a Minesite presentation in January. At the moment all we know about North Wash is that it contains an inferred resource of 150,000 lbs of uranium, as well as significant vanadium shows. The resource is contained in 35,000 short tons grading 0.22 per cent U3O8 with an average thickness of 5.5 feet. That's based on thirty-year old data, though, so it will be interesting to see if more recent work is presented in January.

Vane also stated when it acquired North Wash that it was in negotiations on further uranium acquisitions in the USA. It looks as though the company could end up with quite a portfolio in uranium, and it's no surprise to learn that the long-term the plan is to put them all into a new company. That's one way of creating value. Another is to sell assets outright, and this looks the more likely proposition for the 340,000 square kilometres of ground that Vane holds in Paraguay. Sampling programmes on 22 gold and 6 copper anomalies on that ground are ongoing, though the company has been short on detail on that score too. That's another thing Mr Idiens intends to put right in January.

Cheers, Madison

Just read your post Madison some interesting points a good read! You may have kicked the share price up with it too.........nice to see the the top up I brought the other day into profit

Ticking Up, a mid sp of 14.25, could there be some news imminent?

Now sitting at 14.5

Borrowed>>>>>>>>>>>>>>
?>???>>>>>>>>>>

VML has had a buy signal from 12.5p IMHO, which is most likely case for rise back up, oversold SP, hence rise Up 5.3% on the day. Long way to go yet for this tadpole.

On Vane: The key announcements have been as follows :

A) Acquisition - Copper prospects:
Sampling Confirms High Grade Copper Mineralisation at Choix Prospect
http://www.vaneminerals.com/?page=PressSingle&itemId=102

B) Uranium - Properties Obtained

C)The Diablito Project : Commercial Production Initiated at Diablito
http://www.vaneminerals.com/?page=PressSingle&itemId=101
Revenue Generated :
VANE is well on its way to achieving their Self Funding objective as commercial production began at the Diablito mine in Mexico in November 2005. The Company will use the revenue generated by this first producing mine to help fund development work across its attractive portfolio of gold, silver, copper and uranium assets in Mexico, Paraguay and the US.

D) Diablito will be used to help fund exploration at Guadalcazar, an early stage exploration property consisting of a large newly recognised hydrothermal gold system having the potential to define a large gold deposit (possibly in excess of one million ounces). Guadalcazar is located in east-central Mexico, 80 km northeast of San Luis Potosi in the State of San Luis Potosi.

E) More recently, VANE Minerals has entered into an option agreement with Minera PAFEX, S.A. de C.V. to acquire the Mina Charay gold and silver prospect in the State of Sinaloa in western Mexico.

F) Acquisition of North Wash Uranium Property in Utah, USA

This Most recent and possibly a very significant Acquisition :
On Nov 17th 2005Vane announced :

Acquisition of North Wash Uranium Property in Utah, USA
URL: : http://www.vaneminerals.com/?page=PressSingle&itemId=103


VANE is also in the "due diligence" period on a further "two" properties in Southeastern Utah and is actively pursuing additional breccia pipe uranium properties in Northern Arizona; details will be announced when they become available.

Michael Spriggs, Chairman of VANE commented:

"This acquisition is another important step in VANE's growth, further strengthening our position within the uranium sector. Our projects are still in the exploratory stages, but all have significant upside. We will continue to seek additional holdings as we believe this is a market which will deliver substantial added value for our
shareholders."

Further plus side, Major Institutional shareholders include : Commerzbank and RAB Capital.

Risk/reward excellent IMHO in 2006.

looked at this but the chart put me off,.....it still does!!

If it turns i may be in, good luck all!!!

An opportunity for those interested in Vane:

29th Minesite Mining Forum
Tuesday January 17, 2006

Chancery and Bishopsgate rooms
Great Eastern Hotel
Liverpool Street
London EC2M 7QN

Minesite is kicking off its 2006 programme of Forums with a carefully selected band of companies ranging from early stage producers in the cases of Olympus Pacific Minerals and Vane Minerals, through companies such as Centamin Egypt and Tertiary Minerals which are moving fast in that direction, to advanced explorers in Eastern Mediterranean Resources and Pan African Resources. In all cases the management is of the highest order and some of the projects are company makers. These are all companies which should perform well in 2006 so early registration is advisable.

Times of Seminar: 09:30hrs-Lunch.

Registration will commence at 09:00 and the forum will start at 09:30


The companies due to present at this Forum are:

...

Vane Minerals listed on AIM back in 2004, prior to which it negotiated access to a 7,000+ file global exploration database from Freeport-McMoRan, one of the worlds largest producers of copper and gold. Its current operations are focussed on the three gold/silver deposits in Mexico, Diablito, Guadalcazar and Mina Charay and it has a number of gold and copper targets on its concessions in Paraguay. The company recently announced that sampling had confirmed high grade copper mineralisation at Choix prospect. Production has already started on the high grade Diablito project and Mina Charay could follow it in the next 12 months. The company is also building a uranium property portfolio and last month it announced the acquisition of North Wash in Utah with more expected to follow in the short term.


--------------------------------------------------------------------------------
There will be a coffee break in the middle of the morning and the seminar will close with a buffet lunch.
The Bishopsgate and Chancery Rooms will remain open in the afternoon and potential
investors will have an opportunity to discuss the companies one-on-one with management..


Cheers, Madison

Thanks for that Madison