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.

Steady as she goes.

negligible volume, but that is pretty common throughout today's market ...... usual breath-holding before budget, though for no good reason ..... bet there are few if any surprises of significance

U308 oxide spot price per pound jumped a futhur $6 per lb to $91 today ; accompanied by statement that even under current production we are still in excess of 25% short of demand. And thats discounting all new plant under construction ,,,,,,,,,,,,,,,,, . ,,$100 is not being bullish but NOW or next week or err Qui sait .. . ...Aldwick . Seriously were you a pupil at same school as Barc. bros ......lol ..You high society rake , l bet ....l still think your off the mark C. reg this company . ,,,but, of course, agree budget will be pants. Abolishment of SD would be a start .......... @+ J

Good news on it's way.

Directors have increased their holdings.

http://moneyam.uk-wire.com/cgi-bin/articles/200703221801495649T.html

Thats always a good sign .

perhaps as interesting is that sp now lies smack on 25 dma and it would be reasonable to expect a bounce from here

BBC website
Last Updated: Friday, 23 March 2007, 13:29 GMT

Australia set for uranium rethink

Australia, sitting on the world's largest uranium reserves, looks set to build more mines
New uranium mines could be built in Australia after a 24-year ban.
Australia has 40% of world uranium reserves, but mining is currently allowed only in two of Australia's eight states and territories.

But state-level governments elsewhere banned new mines in 1983, amid wide public support and worries about nuclear proliferation.

Now, though, the opposition Labor Party may change its mind, and a third state looks set to lift the moratorium.

Queensland Premier Peter Beattie - till now one of the staunchest opponents of expanding uranium mining, not least because of concerns about the impact on the state's coal-mining industry - is now shifting his position.

"Mr Beattie changed his position after receiving a report that said uranium mining would not harm the state's coal industry," his spokeswoman told Reuters news agency.

Any exports could only go to countries which had signed the nuclear non-proliferation treaty, as China did last year, she added.

South Australia and the Northern Territory currently permit uranium mining, but mineral-rich Queensland and Western Australia have to date continued their opposition.

Both are controlled by the Labor Party, whose federal leader Kevin Rudd is also backing an expansion in mining.

if the above is correct, then if memory serves me right, Summit is sitting on huge known deposits.... also ERA ..... unfortunately i don't think MAM supports either of those as they may only be Oz stocks

Uranium now $95lb
http://www.uraniumminer.net/market_price.htm

I think we could be due a move north on this one .

The Secret to Finding Winning Uranium Stocks?

Start by aligning yourself with early mover companies -- those that were actively acquiring projects before uranium became the flavor-of-the-day. They are most likely to sit on the most prospective concessions, with the best geological and political addresses

http://www.caseyresearch.com/crpmkt/crpSolo.php?id=55&ppref=KCR055ED0307A

and Mr Casey recommends which 5 companies?

cynic
Don't know but I recommend this one.

i'll just stay with UMN for the moment, but continue to monitor her

Vane Minerals PLC
02 April 2007

VANE Minerals Plc (AIM: VML)

Utah Stratabound Uranium Exploration Update

VANE Minerals Plc ('VANE' or 'the Company') is pleased to provide an update on
the exploration programme for stratabound uranium deposits in south-eastern Utah being carried out by its wholly-owned uranium subsidiary VANE Minerals (US) LLC.

Highlights:

North Wash
Drilling results have validated historic data reported by Cotter
Corporation ('Cotter') in the 1970's - historic drilling had returned
uranium grades with an average of 0.17% uranium oxide radiometric equivalent ('eU3O8') diluted
Vanadium grades are variable
Additional drilling is planned to expand current resource and to gather
additional vanadium assays

North Alice Extension
A Notice of Intention to Conduct Exploration has been submitted to the
Bureau of Land Management and the State of Utah for 25 drill holes

Happy Jack Mine
A 25 hole drilling programme expected to commence in April 2007


North Wash Drilling Project

VANE is pleased to report that five drill holes have now been successfully
completed at the North Wash project, and results validate the historic uranium
and vanadium mineralisation identified by Cotter's drilling programme carried
out between 1977 and 1979. The VANE holes were logged (probed) by Geophysical Logging Services and by Century Geophysical Corporation; the results of both contractors were essentially the same.

The drilling programme consisted of twinning five existing holes by rotary
drilling to the top of the mineralised zone and then coring through the zone.
The uranium values from two of the new holes were higher than those on previous
holes. On three of the new holes, although they intersected the mineralised
zone, the results were lower than in the previous holes. The vanadium results
indicated zones of high vanadium, as well as zones of negligible vanadium. The
overall results are consistent with the nature of these types of stratabound
deposits in that 'pinching and swelling' of the mineralisation occurs over short
distances.

The distance between the intersections of the mineralised horizon in the VANE
and Cotter holes varied by as much as 30 feet, even though on surface the holes
were located within 5 feet of each other. This accounts for the variability
between VANE and Cotter data. VANE ran downhole directional surveys of its
drill holes, whereas few of the Cotter holes were surveyed at the time of
drilling. The Company is currently awaiting the results of radiometric
closed-can analyses to compare with the chemical assays for the purpose of
checking the equilibrium of the uranium mineralisation. A tabulation of probe
and assay results is provided at the end of this press release.

VANE geologists are satisfied with the drilling programme and are confident that
the results validate the initial data and previous uranium resource calculation
completed by Cotter. However, it is apparent from the current drilling that a
number of additional core intercepts through ore-grade uranium intervals will be
required to estimate an average grade of vanadium.

The Company has determined that the next stage of the exploration programme
should be to work on expanding the resource, currently open in several
directions, by further drilling. The Company will also consider completing a
pre-feasibilty investigation on the economics of mining the project that would
include converting the current resource to 43-101 or JORC status. Upon future
drilling, core will be obtained periodically to gather more data on the vanadium
mineralisation.

Happy Jack Drilling Project
The Company has identified a drilling contractor and plans to commence drilling
the 25 permitted holes (as previously announced) in April 2007. The drilling
programme is planned to test several of the pods of mineralisation indicated by
historic drill results.

North Alice Extension Drilling Project
On 20 March 2007, the Company submitted a Notice of Intention to Conduct
Exploration to the Bureau of Land Management and the State of Utah for 25 drill
holes for the North Alice Extension project, which is located in the Lisbon
Valley Uranium District of south-eastern Utah. Approval from these two agencies
is pending.

New Acquisitions
The Company continues to look at acquisition opportunities and is negotiating to
secure further prospective properties in south-eastern Utah.


Matthew Idiens, Director of Corporate Development, commented: 'We are very
pleased with the progress we are making and to have confirmed the existing
resource on the North Wash project. It should be noted that, since the decline
in uranium prices in the 1980s, VANE with its North Wash project is the first
company to initiate uranium exploration in the Henry Mountain District. With
respect to the Happy Jack and Lisbon Valley areas, VANE was one of the first 10
companies to submit a plan for drilling with the Federal Bureau of Land
Management and will be the first to initiate drilling in the Happy Jack area of
San Juan County. We are therefore leading the way with regards to uranium
exploration in these highly prospective areas.'

interesting, but like the old Turkish Delight advert, just full of "eastern promise"!

Excelent update.

23.50 is the all time high, and exactly where sp is currently sitting .... big Q is whether or not sp will get vertigo or surge ..... odds are probably slightly in favour of the latter

spread is narrowing at last. All signs suggest a small move north .