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.

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).

Thanks Goldfinger. Good article. Have you look into UMN? Looking good too

Will do H98, cheers GF.

Best buying pattern for many months, sustained for more than just the odd day. Looks positive.

Let's just hope there are some investors in the mix.

Cheers, Madison

VNL is looking cheap for its prospects at 13.5p

Looking good....


Vane Minerals PLC
30 January 2007



VANE Minerals Plc (AIM: VML)

Commencement of Breccia Pipe Drilling Programme, Northern Arizona


VANE Minerals Plc today announces that its uranium subsidiary, VANE Minerals
(US) LLC ('VANE (US)'), has commenced drilling at the Miller Pipe in the
Northern Arizona Breccia Pipe District. This district has historically produced
a total of 23m lbs of uranium oxide ('U3O8') from nine mines until the early
1990's when mining ceased due to falling uranium prices. VANE has acquired, and
presently controls, a 100% interest in 29 pipe targets in northern Arizona.

VANE commenced drilling at the Miller Pipe on 22nd January 2007 and at least 3
holes will be drilled to a depth of approximately 1,700 feet in order to further
explore and develop the mineralised area identified by previous owners Energy
Fuels Nuclear ('EFN') in 1986. Drill hole number 1640-5 from EFN's programme
penetrated a 26.5 foot zone that averaged 0.51% U3O8 from 1,269ft to 1,295.5ft
in which grades as high as 1.47% U3O8 were intersected. Hole 1640-3 intersected
a 25ft zone between 1,260.5ft and 1,285.5ft in which grades as high as 1.78%
U3O8 were intersected. One 10 foot zone from this hole also averaged 0.57% U3O8
and the entire interval was found to average 0.34% U3O8.

VANE plans to continue its breccia pipe drilling programme once the current
round of drilling is completed on the Miller Pipe. This will focus on the other
three permitted pipe targets; Big Red, Red Dike and Rabbit. Additional drilling
permits are pending and it is the intention to ramp up the drilling programme
once these permits are approved.

Matthew Idiens, Director of Corporate Development, commented, 'We are pleased to
announce the commencement of our breccia pipe drilling programme. This is the
first of 29 targets to be explored all of which we believe offer excellent
potential. Historically, the mineralised breccia pipes which were mined have
each contained between 1 million and 6 million pounds of uranium, with an
average of approximately 3 million pounds.

Production in this area ceased in the 1990's when the spot price of uranium went
below US$14 per pound U3O8. However with the current spot price of US$72 per
pound, we are well placed to capitalise on the buoyancy of the uranium market.'

I imagine this is good news .... drilling pipes is I am sure great but presumably a mine has to be dug before any "muny" is earned has anyone any idea how long this might take?

Had a small top up last week i think the news flow should be quite regular on this they definately seem keen to the market informed of all their projects, which is always a good thing~!

Excelent news.

GF,

They have 29 sites each with an average of 3 million pounds of U. 3x29= 87.

Let's write off 50% to be on the safe side. Call it 45 million pounds of U in total.

Say the cost of extraction was $25 per pound. At the current spot price of $72 that leaves a value of $47 per pound.

$47 x 45m = $2115 million ie. 1,080 million

Again, say in terms of selling that value on that only 50% is realisable, you're still left with 540 million.

Yet the current market cap is 21 million.

OK it's back of the envelope stuff, but I enjoy it!

Cheers, Madison

I think prospects are looking really good for VML and they must be one of the few resource companies which are funding themselves through mining. I have held this one for a while as a long term hold. I added it to hubby's sipp this morning too.
I haven't felt as good about a resource co since I bought GFM and KMR.
Di

sp is too cheap for its potential. STRONG BUY.

Madders an excelent analytical summing up there. I couldnt agree more and you look to be on the conservative side.

Other posters on various sites getting interested in this one now.

from the other side
HUGE URANIUM POTENTIAL....

January 31, 2007

VANE Minerals Funds Uranium Exploration From Gold Production


By Jack Hammer



This year has started well for AIM Listed VANE Minerals. Early in January the company started drilling its North Wash uranium and vanadium property in Utah. With drilling also imminent on VANEs Arizona breccia pipe targets the shares have been ticking up nicely. To weigh against that, theres been concern amongst some City fund managers that development on the Arizona prospects will somehow impinge on the states greatest tourist attraction, the Grand Canyon, which is nearby, and that development will thus be delayed.
Matthew Idiens, VANEs director of corporate development, is keen to allay such fears. There is precedent there for mining, he says. Mining only stopped in the 1990s, he explains, because the low uranium price made it uneconomic. And the subsequent reclamation programme was absolutely superb, so theres no hangover or lingering dissatisfaction. Indeed one of VANEs applications Rabbit took only four days to go through, and its quality was commended by the relevant authorities. Of course that doesnt stop environmental activists kicking up a storm, but at least it shows VANE isnt out on a limb.

In and of themselves the Arizona breccia pipes arent that big. But breccia pipes are the highest grading uranium deposit type in the US, and if VANEs luck holds there ought to be plenty of them on its ground. At the moment the company has 29 targets, eight of which show mineralization at surface, and four of which are confirmed pipes. The historic average for breccia pipes is 3million lbs of uranium, and VANEs hope is to put together a portfolio of several pipes containing a ballpark 2million lbs each. According to Mr Idiens back-of-the-envelope calculations for the Arizona pipes, using the current uranium price, if we get 2million lbs at US$72 per lb, thats US$144million, and it would cost about US$50million to mine them out. It would take three years, start to finish. If the company can get more than a couple of decent pipes under its belt, the Arizona investment could shape up into a nicely profitable operation, and still allow room for manoeuvre on the uranium price.

Over at North Wash in Utah, meanwhile, VANE is currently twinning 5 holes drilled back in the late 1970s by Cotter Corporation. According to Cotters data, which showed radiometric equivalent grades of 0.17 per cent U308 over 5.5 feet, North Wash contains the fairly paltry sum of 150,000 lbs of uranium oxide. But here, its not the uranium thats the key, its what goes with it. VANE is fairly confident of Cotters uranium data, but, says Mr Idiens: Its the vanadium grade thats the kicker, says Mr Idiens. An indicative 5:1 vanadium to uranium ratio is suggested by the Cotter numbers, rising at some points to 64:1 ratio is suggested. But back in Cotters time radiometric equivalents werent considered accurate in testing for vanadium, so VANE needs to put more drill holes into the ground if it wants to get North Wash to fly.

While the drill bits are turning in the US, the rest of VANE continues to tick over too. Most of the costs of the drill programme will be covered by cash flow from the companys operating Diablito gold mine in Mexico, although a sizeable chunk of capital has recently been supplied in the form of convertible loans from dedicated UK uranium fund Geiger Counter. Development at Diablito is ongoing, with work on a new mill progressing well, according to Mr Idiens. Elsewhere in Mexico the company is looking for a partner to work up a second gold project, Guadalcazar. And down in Paraguay, where VANE holds huge exploration acreage, drilling should also start this year.

Weve got a lot of things to do, says Mr Idiens. Our plan is to find projects, develop them, and sell them on, as it said in the prospectus. To that end the uranium properties will probably eventually be demerged and listed elsewhere, and probably in the long-term, so will the Paraguayan properties. Meanwhile, Diablito is milling away furiously, says Mr Idiens. And thats what keeps the lights on while the company looks for bigger fish to fry.

Very encouraging update, dynamite and thanks.

Excelent summary of whats going on.

thanks to Jack too

After hearing on dawn traders last week from an analyst (5 live) that this year we could see uranium prices double if not treble I bought into this yesterday it was a toss up between URA and Vane, any opinions between the two companies would be welcome. I have still got URA in my sights and may buy later.
On the same stock as goldfinger thats a first.

Welcome aboard driver.

Patience is the key here.