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 PLC
11 April 2007

VANE Minerals Plc

New Acquisitions and Targets

- Arizona Breccia Pipe URANIUM Project

VANE Minerals Plc ('VANE' or 'the Company') is pleased to provide an update on
new acquisitions and target generation in its breccia pipe uranium programme in
northern Arizona, operating as VANE Minerals (US) LLC, its wholly-owned uranium
subsidiary.

VANE has purchased for cash 100% ownership of a 19-acre parcel of fee (private) ground. The Company considers that this property, Eastern Star, covers a highly favourable pipe target having several strong surface indicators that are characteristic of uranium-bearing pipes. The Company is extremely encouraged by the prospects for this target, on which no exploration permits are required as
t is private ground. Preliminary exploration on the property will consist of a geological mapping programme to identify the target's centre and initial drill locations. Exploration drilling can commence at VANE's discretion.

VANE has also recognised a second pipe target at the recently drilled Miller project that is located 1,000 feet southwest of the Miller Pipe and current VANE drilling. The new target is just within the Miller property holdings on Arizona state lands. A shallow drill hole was completed by Energy Fuels Nuclear, Inc., in the mid-1980s in the central part of the new target. This hole encountered a 25-foot thick zone of anomalous uranium mineralisation with up to 0.02% eU3O8 in fractured Coconino Sandstone as indicated in the probe log. This mineralisation
occurs about 550 feet (170m) above the level considered favourable for ore-grade
uranium deposition. A drilling campaign for deep holes on this new target is
planned and approval for drilling has been received from the State. An
additional 520-acre lease of Arizona state land has been acquired to ensure that
the Miller prospects are adequately protected.

In addition, a third pipe target was identified on the Rattlesnake Claim group
where two targets are already known. The target exhibits surface characteristics consistent with uranium-bearing pipes. An additional lode claim was staked to assure coverage of this target which is located on Federal lands.

The Company is also negotiating on further breccia pipe target opportunities and
continues to investigate new breccia pipe targets.

Matthew Idiens, Director of Corporate Development commented, 'We continue to add to our strong breccia pipe portfolio that now includes 32 pipe targets,
increasing the possibility of discovering substantial uranium resources.'

More good news from VML of the purchased for cash 100% ownership of a 19-acre of (private) ground and no exploration permits needed so they can start drilling when ready also more target identified, all good news.

Showing just 25 dma ..... rsi is marginally toppyand sp has failed at this level before, but this time it could just possibly break out, and pretty good support at 22p anyway

Solid sound news.

Added a few first thing.

Love the business model.

Effective: April 9th 2007

U308 $113.00/lb (Effective: April 9th: Price is Changed +$18.00 from last weeks survey): International supply shortages of uranium, along with escalating nuclear programs in nations such as India and China, which both together according to the World Nuclear Association have official plans in the works for 82 new reactors (not including Taiwan's 2), plus the addition of funds buying uranium contracts within past two years have caused the spot price of Uranium to rise remarkably (U3O8 was $10.75/lb in April 2003).

Worth a gander...

http://www.resourceinvestor.com/pebble.asp?relid=30754

a few weeks back i was persuaded that either VML and/or UMN looked worth an investment ..... can't remember exactly why, but i plumped for UMN (thank you hyleo, i think, or was it driver) ..... i have still kept a weather eye on VML and have now taken the plunge here too based on the logic of my earlier post today - i.e. immediate downside looks limited

I think we all knew it would get to $100./lb but it's gone sailing through to $113.00/lb wheres the next mark $150.00/lb all we need now is for VML to start producing or at least find a significant amount.

Good to have you aboard cynic.

cynic
Yes welcome aboard.

if F18 is in here, bet he won't be welcoming me .... lol!

Cynic , get on this one and enjoy the ride . As demand for uranium goes up so does the price . Both vml and umn are going to be winners . I have another hot tip ,(are)

I have ..... see earlier posts of today

Uranium price jumps to record 40-year high
By Tom Stevenson
Last Updated: 12:53am BST 11/04/2007

The price of uranium has recorded its biggest percentage increase since dealings were first reported almost 40 years ago. The cost of the fuel used in nuclear power plants jumped 19pc to $113 a pound at a US auction last week.

Competition with the utilities and producers who dominated the market previously has driven prices higher. Analysts forecast a price of $140 next year.

I think when news hits the papers and mags the sp could go up to 30p very quickly .

So much going on
May start drilling at its gold and copper project in Paraguay within the next six months.

By Danielle Rossingh
April 11 (Bloomberg) -- Vane Minerals Plc, a U.K.-based
metals producer and explorer, may start drilling at its gold and
copper project in Paraguay within the next six months.
``We are happy with our progress in Paraguay,'' Matthew
Idiens, director of corporate development of the Leeds, U.K.-
based company, said in an interview today. ``We are looking to
convert our investigation permits into exploration permits,
which will allow the company to drill.''
Vane, founded by the former exploration team of Freeport-
McMoRan Copper & Gold Inc., is using sales from its Diablito
silver and gold mine in west-central Mexico to fund exploration
for silver, copper, gold and uranium in Mexico, Paraguay and the
U.S.
The company also said today in a statement that it bought
19 acres of land in northern Arizona, where it will look for
uranium.
Shares of Vane rose 1 pence, or 4.4 percent, to 23.5 pence
as of 2:33 p.m. in London, the highest since Feb. 20. The shares
have more than doubled in the past year, valuing the company at
34.3 million pounds ($67.9 million).

cynic...good to see you on board VML.

at last it take's time to sink in he is getting on a bit ...........well done cynic .......lol

would rather be getting off a bit .... as it is already very very old!

Might get a mention in the IC on friday.