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.

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.

Uranium prices are surveyed and quoted on a weekly basis by various industry watchers. The recent move from $56 to $60 a pound was "the largest weekly increase on record," according to Eric Webb of Ux Consulting. Long- term forecasts of $75 and even $100 a pound now appear justified; uranium would have to trade above $111 a pound to break its inflation-adjusted highs from 1978.

This is more than just subterranean cave-in blues: 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.

hlyeo98
Cheers, this is a new area for me; Uranium sits nicely along side my Oil and Bio stocks. So we could see the price of uranium possibly double this year if not next VMLs sp should see a lot of upside with that and more discoveries.

Goldfinger
Can you put this in the header please.

http://www.vaneminerals.com/

You are welcome, driver. Have you climb aboard UMN yet?

hlyeo98
No but it's on my watch list.

Driver actioned at the very top of the thread.

Regards GF.

"Our hope is that, if the results of this year's drilling programme are positive, they will be reflected in a re-rating of our shares."

I share their hopes....



RNS Number:9110Q Vane Minerals PLC 08 February 2007

8th February 2007


VANE Minerals Plc (AIM: VML)
Private Placing

Vane Minerals Plc ("VANE" or "the Company") is pleased to announce that, following an approach for additional shares by Geiger Counter Ltd, a specialist uranium investment vehicle, it has raised #145,500 net of expenses by way of a private placing ("the Placing") of one million new ordinary shares of #0.10p each at a price of 15p, placed with Geiger Counter Ltd. The new ordinary shares will represent 0.07% of the enlarged issued share capital of the Company. Application will be made for the New Ordinary Shares to be admitted to AIM and dealings in the new ordinary shares are expected to commence on 13th February 2007.

The funds raised will be used to further accelerate the exploration and development programme for the Company's portfolio of uranium properties in the US. As previously reported, drilling is currently underway at the Miller breccia pipe target in Northern Arizona. Further drilling is planned for the Big Red, Red Dike and Rabbit pipe targets which are currently permitted. Additional permits are pending on further breccia pipe targets.

Matthew Idiens, Director of Corporate Development, commented, "We are delighted that Geiger Counter, the world's first specialist uranium investment vehicle, has continued to show its support for VANE and the Company is pleased to be able to assist Geiger Counter in increasing its exposure by way of this small
placing. The commencement of drilling at our uranium targets is a major

milestone in the development of the Company. Our hope is that, if the results of this year's drilling programme are positive, they will be reflected in a re-rating of our shares."

Just bought more VML this morning...looks very promising.

Market warming to the decision to raise more cash.

Yes I agree I do like this bit.

Our hope is that, if the results of this year's drilling programme are positive, they will be reflected in a re-rating of our shares.'

Have you got on UMN yet, driver? Don't be too late.

This one looks positive , out of oil and into the in thing ,uranium

hlyeo98
Yes I got in last week at 15p