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.

Vane Minerals In The Press
Growth Company Investor : VANE ponders uranium spinoff

Article Date: 19th June 2006

Latin American-focused VANE Minerals is contemplating floating its US uranium prospects, with a claimed potential resource exceeding seven million lbs.

AIM-quoted VANE, floated two years ago on the back of Mexican gold and silver projects from US group Freeport McMoRan's database, hopes to produce 2,500 oz of gold and 400,000 oz of silver this year from its Diablito mine in Mexico's Nayarit state. The expected 110,000-a-month income from this will be used to fund the Leeds-headquartered company's exploration projects, including Guadalcazar in Mexico, where a low-grade, 'sub marginal' deposit of four million oz has already been identified.

In addition VANE, which lost 928,000 last year, will in September start investigating 22 gold anomalies in Paraguay. This is a comparatively under-researched mineral province which VANE's veteran American mining boss Steven van Nort reckons is part of the 'Brazilian gold shield'.

More potentially exciting are the company's uranium prospects in Arizona and Utah. VANE has successfully claimed 19 targets on northern Arizona's 'Breccia Pipe' district, where four pipes have so far been confirmed with one showing a 1.78 per cent grade of uranium oxide in limited drilling.

Directors suggest each pipe could hold between one and six million lbs of uranium, whose price now stands near a historically high $45 a lb, boosted by the potential revival of nuclear power projects. van Nort and his colleagues, disappointed by a share price which has fallen from 23.75p last year to 10.25p today, say they are thinking of putting the uranium projects into a separate company and floating it off.

This possibility adds spice to the shares' speculative recovery prospects.

Growth Company Investor's award-winning team offer outstanding share recommendation performance. Get immediate access to all these recommendations - www.growthcompany.co.uk.

Robert Tyerman

Vane Minerals PLC
03 August 2006


VANE Minerals Plc (AIM: VML)

Update on Uranium Assets


Acquisition of New Uranium Prospects & Receipt of Drilling Permits


VANE Minerals Plc ('VANE') today announces that its uranium subsidiary VANE
Minerals (US) LLC ('VANE (US))' or 'the Company') has successfully acquired
exploration rights for an additional three breccia pipe prospects, Cholla, NCP-7
and CP-14, all located on Federal lands in northern Arizona. These new
acquisitions bring the total number of breccia pipe prospects in VANE's
portfolio to 22, with the total number of uranium projects in the Colorado
Plateau Uranium District now standing at 25. These 25 projects consist of 131
Federal mining claims and 5 State permits.

The breccia pipe district in northern Arizona is a relatively new district which
produced approximately 23 million pounds of uranium oxide (U3O8) prior to the
decline of uranium prices in the 1980's. Individual economic mineralised breccia
pipes generally contain between 1 million and 6 million lbs U3O8 (based on
historical data reported by Energy Fuels Nuclear, Inc).

VANE plans to undertake a drilling programme to define the value of the breccia
pipes in its suite of uranium properties and prioritise their development. The
Company has now received approval on drilling permit applications for its Miller
and Red Dike breccia pipes, two of the previously reported properties acquired
by VANE that are located on Arizona State lands, and plans to conduct deep drill
testing on these pipes. Drilling permit applications have been submitted on 9
additional pipe targets located on Federal lands in Arizona.

VANE (US) has also received approval to drill at the North Wash Project located
in Utah. As previously reported on the acquisition of the project in November
2005, this project contains an inferred resource of 150,000 pounds of U3O8 based
on data from holes drilled between 1977 and 1979 by Cotter Corporation. Assay
data also from Cotter Corporation indicated high vanadium to uranium ratios and
reported vanadium oxide grades ranging from 1.5% to 15.2%. Drilling is expected
to further define the vanadium oxide grades. This programme is planned to
coincide with drilling at the Happy Jack Project, also located in Utah, where a
review of previous exploration work has identified nine targets. VANE (US)
geologists have conducted an internal conceptual study of these properties which
determined that each property could have the potential to produce up to one
million pounds of uranium oxide.

Moving forward, VANE plans to continue permitting for drilling on all its
uranium properties. The Company continues with its programme of property
acquisitions and is in various stages of negotiation on several projects.

Michael Spriggs, Chairman of VANE commented, 'We are pleased with the further
growth of our uranium portfolio. As a result, we now have a substantial asset
base and are very well placed to capitalise on the increasing interest in the
uranium and nuclear markets. We have built up a strong land position in a key
uranium district, within a stable geopolitical environment, and are now looking
at various options which will enable us to accelerate the development of our
uranium assets.'

Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM rule
guidance for mining, oil and gas companies, has reviewed and approved the
technical information contained within this announcement.


About VANE Minerals:

VANE Minerals was founded by the former international exploration team of
Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The team negotiated exclusive access to Freeport-McMoRan's
global exploration database, made up of 7,000 plus files generated over nearly
100 years of exploration and, following the review of these files, VANE is
ideally placed to capitalise on project acquisition opportunities. The Company
has assembled a highly qualified and experienced management team with a proven
track record in exploration and development, who have spent their entire careers
searching for and defining large scale mineral deposits.

The Company's principal objective, as set out at the time of its listing in June
2004, is to be a self-funding exploration company. As such, the initial focus
has been to identify high grade gold-silver projects which can be brought into
production as quickly as possible in order to provide revenue towards funding
the discovery of potentially much larger projects. VANE is well on its way to
achieving this objective as production began at the Diablito silver-gold mine in
Mexico in November 2005. The Company is using the revenue generated by this
producing mine to help fund exploration work across its attractive portfolio of
gold, silver, copper and uranium assets in Mexico, Paraguay and the US.

Good news this morning but I wish we had more.........

Vane Minerals says encouarging drilling programme completed at Diablito
AFX


LONDON (AFX) - Vane Minerals PLC said its 100 pct owned Mexican subsidiary, Minerales VANE SA de CV, has recently completed an encouraging drilling programme at its high grade Diablito silver-gold mine, in Nayarit State, Mexico.

The Diablito mine commenced production from the Main or Lower Vein in November 2005 at a daily rate of 50 tonnes per day and is currently generating 420,000 usd of income per month, with a total mining, processing, transportation and smelting cost of 125 usd/t, the company added.

The company expects drilling work to be completed in September and will then review the mine plan with the intention of increasing the daily production

rate.

Vane also said that, in order to facilitate the additional production and generate cost savings, it is in discussion with financiers to provide a convertible debt facility for the construction of its own mill and flotation plant near the project site.

Vane chairman Michael Spriggs said the group is very encouraged by the results of this drill programme and it is confident that the additional resources will more than replenish that which has been mined to date.



newsdesk@afxnews.com

Pretty positive stuff, hopefully someday...

Vane Minerals Press Release : 12th September 2006
Interim Results - Six Months to June 2006
Highlights

During the six months to 30th June 2006, VANE Minerals became cash flow positive as the production profile expanded at the Diablito silver/gold mine
Expansion of the uranium portfolio
Extension of Investigation Permits over 3,400 hectares were granted by the Paraguayan Government for further evaluation of gold / copper prospects in Paraguay
Cash balances of 0.703m at 30th June 2006, virtually unchanged from the 31st December 2005 position with all exploration expenses covered from income
EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) for the period was 69,000
Post Period End Highlights:

A surface drilling programme to further define and expand existing resources was completed at the Diablito mine in early July
Planning further exploration work on 25 promising US uranium prospects
Plans in place for the construction of the Company's own mill on site near to Diablito
Phase II drilling programme commenced in July at prospective Guadalcazar gold prospect in Mexico
Successful issue of 750,000 in Convertible Loan Notes attracting 8% coupon to fund the purchase of a Mill and Flotation plant at Diablito and to rapidly advance the uranium exploration programme
Michael Spriggs, Chairman of VANE Minerals Plc, commented: "VANE Minerals' exploration and development strategy remains firmly on course, underpinned by the expanding cash flow being generated from Diablito, and the successful issue of 750,000 of convertible loan notes. The focus remains the precious metal potential of our Mexican properties and our uranium projects in the western US, but the Group remains sufficiently flexible to be able to evaluate rapidly and efficiently new opportunities as they are identified. The continuing buoyancy of precious metals and other commodity markets underlines the Group's confidence for the future."

The full Chairman's Statement and the financial statements can be downloaded from: http://www.vaneminerals.com/?page=download

Way undervalued.

any ideas anyone?

what has changed?

Im glad to see the spike up maybe its hit its bottom finally........

only got to double then to get back to gf's sp at the top of the thread LOL

Vane Minerals PLC
17 November 2006


17th November 2006

VANE Minerals Plc (AIM: VML)


Increased Silver - Gold Resource at Diablito Mine, Mexico

- Potential to increase daily production by 50%


VANE Minerals Plc, ('VANE' or 'the Company') today announces that its 100% owned
Mexican subsidiary, Minerales VANE SA de CV has substantially increased the
silver and gold resource at its wholly-owned high grade Diablito silver-gold
mine, in Nayarit State, Mexico.


Highlights


As of 1st August 2006 the JORC compliant resource has increased by
approximately 52% net of production to 141,277 tonnes containing 6.07grams
per tonne ('g/t') gold ('Au') and 684 grams per tonne silver ('Ag').

The resource is allocated as follows:

o Measured and Indicated 110,077 tonnes at an average grade of 7.20 g/t
Au and 747 g/t Ag

o Inferred 31,200 tonnes at an average grade of 2.10 g/t Au and 461.7 g/t
Ag

VANE management believe that the new resource would justify an increase in
daily production from 50 to 75 tonnes per day ('tpd')


As announced on 4th September 2006, the drilling programme, which was undertaken
to further define and extend the resource, consisted of 20 diamond drill holes
drilled from the surface, both inclined and vertical, within the Diablito
concession.


This drilling has increased the Diablito resource by approximately 52% from
93,000 tonnes to a total of 141,277 tonnes, having an average grade of 6.07 g/t
Au and 684 g/t Ag. Please see tabulation of the resource in Table 1, below.


The Diablito mine commenced production in November 2005 at a daily rate of 50
tonnes per day and is currently generating US$420,000 of gross revenue per
month. A total of 17,659 tonnes have been mined to 1st August 2006. VANE now has
the option of either increasing daily production from 50 to 75 tpd or extending
mine life by some three years at the current rate of production.


The Company remains on track to construct its own mill and flotation plant close
to the Diablito mine site which will serve to dramatically reduce transportation
costs and remove the current reliance on third party toll milling arrangements
(refer to the Interim report, 12th September 2006). The plant will have a
target capacity of 100 tpd, which allows for a further potential increase in
daily production, should this be appropriate. The facility is expected to be
operational by mid 2007.


Michael Spriggs, Chairman of VANE, commented: 'The increase in the resource at
Diablito confirms our confidence in the presence of additional resources at the
property and we will look to build on this further by looking closely at the
other areas of interest. The ramp up in production, aided by the construction
of our own plant, will significantly boost our cash flow and will continue to
provide important revenue for the exploration and development of our other
projects in Mexico, Paraguay and the US.'


Exploration continues in an effort to identify additional measured resources.


Clark Arnold, PhD Geology, who is Director of Geology for VANE Minerals and who
meets the criteria of a qualified person under the AIM Guidance Note for Mining,
Oil and Gas Companies, March 2006 has reviewed and approved the technical
information contained within this announcement.


The resource has been calculated by Independent Mining Consultants Inc.(IMC) of
Tucson, Arizona, USA and this announcement has been approved by IMC.


About VANE Minerals:


VANE Minerals was founded by the former international exploration team of
Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The team negotiated exclusive access to Freeport-McMoRan's
global exploration database, made up of 7,000 plus files generated over nearly
100 years of exploration and, following the review of these files, VANE is
ideally placed to capitalise on project acquisition opportunities. The Company
has assembled a highly qualified and experienced management team with a proven
track record in exploration and development, who have spent their entire careers
searching for and defining large scale mineral deposits.


The Company is using the revenue generated by the Diablito mine to help fund
exploration work across its attractive portfolio of uranium, gold, silver, and
copper projects in the US, Mexico and Paraguay .


For further information, please review:
www.vaneminerals.com
.


Enquiries:


VANE Minerals Plc Ambrian Partners Limited

Matthew Idiens Richard Brown

+44 (0) 20 7667 6322 +44 (0) 20 7776 6417


Parkgreen Communications Daniel Stewart & Co

Annabel Leather Dan Willmott

+44 (0) 20 7493 3713 +44 (0)20 7776 6550



Table 1:

Minerales Vane S.A. de C. V.
(100% attributable)
Diablito
Drill Hole Intercept - Polygon Resource Estimate, Diluted to 2m
Oct-06

Vein Category Tonnes Gold, g/t Silver, g/t

MAIN ZONE
Lower Measured 30,154 9.08 998.8
Upper Measured 3,770 11.38 705.5
Total 33,924 9.34 966.2

Lower Indicated 40,634 5.42 643.6
Upper Indicated 12,472 8.62 568.5
Total 53,106 6.17 626.0

Lower M&I 70,788 6.98 794.9
Upper M&I 16,242 9.26 600.3
Total 87,030 7.41 758.6


EAST ZONE
Lower Indicated 4,306 2.10 461.7


OUTSIDE MAIN ZONE
Indicated 36,400 7.41 758.6

COMBINED M&I 127,736 7.23 748.6

MINED (As of August 2006) 17,659 7.41 758.6

MEASURED & INDICATED RESOURCE 110,077 7.20 747.0

INFERRED RESOURCE (East Zone) 31,200 2.10 461.7

GRAND TOTAL MII 141,277 6.07 684.0



This information is provided by RNS
The company news service from the London Stock Exchange

Vane Minerals PLC
21 November 2006


21st November 2006


VANE Minerals Plc (AIM: VML)

Guadalcazar and Uranium Portfolio Update


VANE Minerals Plc ('VANE' or 'the Company') today announces that the analytical
results for the recent seven-hole programme, GZR 06-13 to 06-19, at Guadalcazar,
Mexico, have been received and interpreted. These results reconfirm the highly
anomalous concentrations of gold and silver throughout the hydrothermal system
that occupies an area 6km by 2km in the Guadalcazar Basin. Tabulation of the
results can be viewed on the VANE website -

http://www.vaneminerals.com/?page=PressSingle&itemID=161
.

The results of recent drilling represent a measurable improvement from those
previously reported following the 2005 drill programme. However, further
drilling is required in order to define economically viable mineralisation.

It is the opinion of the VANE Board that the system constitutes an exploration
target worthy of considerable additional explorative drilling. However, the
exact genesis of the gold and silver found at the deposit remains only partially
understood. In view of the commitment necessary to test thoroughly the extensive
target, the VANE Board believes that this additional exploration should be
undertaken via a joint venture with another precious metals exploration company.
VANE is currently approaching several companies in this regard.

VANE has agreed with the Guadalcazar property owner that all property payments
will be temporarily suspended during the time required to set in place a
suitable joint venture arrangement.

This strategy will ensure that VANE's resources can be focused towards funding
the drilling on the Company's portfolio of uranium projects in the south-western
region of the United States. Following the recently announced receipt of
drilling permits, drilling at the Miller and Red Dike breccia pipes in Arizona
is expected to commence, weather-permitting, in early December, with a further
programme to commence on the North Wash project in south-eastern Utah in mid
December.

VANE has deep hole drill data on the five deep holes drilled on the Miller pipe
by Energy Fuels Nuclear Inc. in 1986, before drilling ceased due to the
deteriorating uranium market. Four of the five holes intersected uranium
mineralization at depth.

Key intercepts included:

-Hole Number 1640-5 contained a mineralized zone of 26.5 feet averaging 0.51%
U3O8 starting at a depth of 1,269 feet, with grades up to 1.47% U3O8.

-Hole Number 1640-3 contains a mineralized zone of 25 feet averaging 0.34%
U3O8, starting at 1,260.5 feet, with grades up to 1.78% U3O8. Within this
interval is a 10-foot zone that averages 0.57% U3O8.

The Red Dike project has had historic shallow drilling which has confirmed the '
breccia pipe' status and VANE is planning to deep drill this pipe to test for
mineralisation.

Michael Spriggs, Chairman of VANE Minerals, said: 'It is our intention to carry
out further exploration of Guadalcazar with a joint venture partner as we feel
this is this is the best way to optimise VANE's resources. Guadalcazar is a
major project in terms of its size and potential and we believe that working
with a joint venture partner is prudent and appropriate at this time. Our
uranium portfolio has grown dramatically over the last 12 months at a time when
the uranium market has continued to go from strength to strength. Our strategy
for the development of Guadalcazar will therefore enable management and
financial resources to focus on the fast track of our uranium assets and our
first drilling programmes begin imminently.'

Clark Arnold, PhD Geology, who is Director of Geology for VANE Minerals and who
meets the criteria of a qualified person under the AIM Guidance Note for Mining,
Oil and Gas Companies, March 2006 has reviewed and approved the technical
information contained within this announcement.


About VANE Minerals:

VANE Minerals was founded by the former international exploration team of
Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The team negotiated exclusive access to Freeport-McMoRan's
global exploration database, made up of 7,000 plus files generated over nearly
100 years of exploration and, following the review of these files, VANE is
ideally placed to capitalise on project acquisition opportunities. The Company
has assembled a highly qualified and experienced management team with a proven
track record in exploration and development, who have spent their entire careers
searching for and defining large scale mineral deposits.

The Company is using the revenue generated by the Diablito mine to help fund
exploration work across its attractive portfolio of uranium, gold, silver, and
copper projects in the US, Mexico and Paraguay .

Vane Minerals PLC
04 December 2006

VANE Minerals Plc (AIM: VML)

Further Expansion and Development of Uranium Portfolio

Highlights:

Acquisition of 7 new breccia pipe targets in northern Arizona
Uranium mineralisation exposed at surface at 8 targets
Approvals received to drill 25 exploration holes at Happy Jack Mine
Contract agreed for drilling services at Red Dike and Miller
properties
Permitting process continues for drilling on additional breccia pipe
targets
Identification of acquisition targets continues - negotiations at an
advanced stage on further properties

VANE Minerals Plc is pleased to announce that its wholly owned uranium
subsidiary, VANE Minerals (US) LLC 'VANE (US)', has successfully staked a
further 18 unpatented US lode mining claims in 4 blocks covering 7 separate
targets in the breccia pipe district of northern Arizona. This brings the total
number of breccia pipe targets in the VANE portfolio to 29.

Ongoing exploration of the portfolio by VANE (US) has found uranium
mineralisation exposed at surface on 8 targets. This is consistent with the
surface exposure of some ore-bearing pipes and is extremely encouraging. Targets
that do not exhibit uranium at surface will be investigated further at depth, as
several historic economic breccia pipes in the district did not exhibit surface
uranium.

VANE (US) has agreed on a contract with a drilling contractor and expects,
weather permitting, to commence drilling imminently on the Red Dike and Miller
pipes (as announced on November 21). The drilling permitting process is
continuing on 9 additional breccia pipe targets. Two (2) further permit
applications on the Big Red pipe and Rabbit target have been submitted to bring
the total number of proposed new drilling projects to 11. Additional permit
applications will be submitted on additional breccia pipe targets in due course.

In Utah, VANE (US) has received approval from relevant government agencies,
pending posting of the reclamation bond (US$10,300), to drill 25 step-out and
exploration holes on the Happy Jack Mine in Q2 2007. As previously announced,
drilling on the North Wash project is still anticipated to commence later this
month, weather permitting.

In addition, VANE (US) continues to identify acquisition opportunities and is in
the advanced stages of negotiation on projects in Arizona and Utah.

Michael Spriggs, Chairman of VANE, commented: 'Our portfolio continues to grow,
serving to establish further VANE's position in arguably one of the world's
prime areas of uranium mineralisation. We are especially pleased to have such a
large holding of breccia pipe targets as historically breccia pipes in this
district, consistently contained high grades of uranium. We are keen to commence
drilling as soon as possible to confirm the potential of these properties.'

Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM rule
guidance for mining, oil and gas companies, has reviewed and approved the
technical information contained within this announcement.

About VANE Minerals:

VANE Minerals was founded by the former international exploration team of
Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The Company has assembled a highly qualified and experienced
management team with a proven track record in exploration and development, who
have spent their entire careers searching for and defining large scale mineral
deposits.

The Company is using the silver/gold production at the Diablito mine in Mexico
to help fund exploration work across its attractive portfolio.

Since December 2004, VANE has built up a substantial uranium portfolio of
properties in the US, initially targeting the Arizona strip which holds the
highest grade deposits in the US, contained in breccia pipes.

Good news for VML...


Vane Minerals PLC
04 December 2006

VANE Minerals Plc (AIM: VML)

Further Expansion and Development of Uranium Portfolio

Highlights:

Acquisition of 7 new breccia pipe targets in northern Arizona
Uranium mineralisation exposed at surface at 8 targets
Approvals received to drill 25 exploration holes at Happy Jack Mine
Contract agreed for drilling services at Red Dike and Miller
properties
Permitting process continues for drilling on additional breccia pipe
targets
Identification of acquisition targets continues - negotiations at an
advanced stage on further properties

VANE Minerals Plc is pleased to announce that its wholly owned uranium
subsidiary, VANE Minerals (US) LLC 'VANE (US)', has successfully staked a
further 18 unpatented US lode mining claims in 4 blocks covering 7 separate
targets in the breccia pipe district of northern Arizona. This brings the total
number of breccia pipe targets in the VANE portfolio to 29.

Ongoing exploration of the portfolio by VANE (US) has found uranium
mineralisation exposed at surface on 8 targets. This is consistent with the
surface exposure of some ore-bearing pipes and is extremely encouraging. Targets
that do not exhibit uranium at surface will be investigated further at depth, as
several historic economic breccia pipes in the district did not exhibit surface
uranium.

VANE (US) has agreed on a contract with a drilling contractor and expects,
weather permitting, to commence drilling imminently on the Red Dike and Miller
pipes (as announced on November 21). The drilling permitting process is
continuing on 9 additional breccia pipe targets. Two (2) further permit
applications on the Big Red pipe and Rabbit target have been submitted to bring
the total number of proposed new drilling projects to 11. Additional permit
applications will be submitted on additional breccia pipe targets in due course.

In Utah, VANE (US) has received approval from relevant government agencies,
pending posting of the reclamation bond (US$10,300), to drill 25 step-out and
exploration holes on the Happy Jack Mine in Q2 2007. As previously announced,
drilling on the North Wash project is still anticipated to commence later this
month, weather permitting.

In addition, VANE (US) continues to identify acquisition opportunities and is in
the advanced stages of negotiation on projects in Arizona and Utah.

Michael Spriggs, Chairman of VANE, commented: 'Our portfolio continues to grow,
serving to establish further VANE's position in arguably one of the world's
prime areas of uranium mineralisation. We are especially pleased to have such a
large holding of breccia pipe targets as historically breccia pipes in this
district, consistently contained high grades of uranium. We are keen to commence
drilling as soon as possible to confirm the potential of these properties.'

Kristopher K. Hefton, Chief Operating Officer VANE Minerals (US) LLC, BSc
Geology, who meets the criteria of a qualified person under the AIM rule
guidance for mining, oil and gas companies, has reviewed and approved the
technical information contained within this announcement.

About VANE Minerals:

VANE Minerals was founded by the former international exploration team of
Freeport McMoRan Copper & Gold Inc., one of the world's largest producers of
copper and gold. The Company has assembled a highly qualified and experienced
management team with a proven track record in exploration and development, who
have spent their entire careers searching for and defining large scale mineral
deposits.

The Company is using the silver/gold production at the Diablito mine in Mexico
to help fund exploration work across its attractive portfolio.

Since December 2004, VANE has built up a substantial uranium portfolio of
properties in the US, initially targeting the Arizona strip which holds the
highest grade deposits in the US, contained in breccia pipes.

This has shot up all of a sudden on not much volume,maybe a buyer in the background?

Hi DB, havent seen you around for a while I trust everything is going ok.

Nice to see this one springing into action.

I still have a fairly biggish holding here and just waiting for them to take Off.

cheers GF.

I`m fine thanks GF, i haven`t posted much lately but have posted a couple recently on the TMN thread which i have replied to or made reference to you.
Happy New Year
DB66

Glad to hear it DB, its just ticked up again.

please stay in touch.

'exciting times'


Matthew Idiens, Director of Corporate Development, commented, "We are entering exciting times for VANE, with this drilling commencing at our uranium assets. This gives the Company a fantastic opportunity to create substantial value for shareholders in this buoyant uranium market."



lets hope he's right

GN

Fingers crossed for some sustainable improvement in the share price.

Yup it does look exciting.

Can this one now start to climb back up to previous highs and beyond?.

From todays Investor Chronicle..........

Tips Updates:
*Charter (CHTR.L) (Good Value).
*Pipex (PXC.L) (Buy).
*Vane (VML.L) (Buy).