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.

The price of Uranium has risen by more than 50% to $21.75 a pound since the beginning of 2004.

cheers GF.

Started off very positive with all buys so far.

cheers gf.

Hi GF, theres an X trade gone through at over 1 million @ 16.75, any thoughts on that

Isnt that a cross over between two parties at the same price?. Shouldnt think it makes any difference, what was you thinking HM?.

cheers GF.

gf - $21.75 a pound? Surely an ounce (or smaller).

SF see post 16 on here. It says a pound??????????, youve got me thinking now.

cheers GF.

gf - I stand corrected. Out of curiosity I had a look around the net. Sure enough, at the Ux Consulting Company they show the spot price for uranium (U3O8) at $21.75 per pound. But I think that this must be the price of the ore, and then the question arises as to whether it is graded (i.e. is $21.75 the price for a pound of ore containing x% of Ur. And if it contains y% is the price different?).

By comparison, from Goodfellow (a materials supplier) the price for a 25 mm x 25 mm x 1 mm square of 99.9% pure Ur (weighing 11.9g) is just 783. Go figure!

LOL

Hi SF, the only goodfellow I know is a resident of adfvn and a top shorter. A s for the price of Uranium I dont think it really matters as long as it is up which shows a probable inbalance between supply and demand.

cheers GF.

Plenty of buys today - maybe a tick upon the way!!
The mms will not be able to hold this back much longer..
Ciao
Lucas

Wont be long before we see a move up in the price.

cheers GF.

More buys but blimey it hasnt moved, WHAT does it take?????????????.

cheers GF.

A few days old, but I think this was the article Hampi was referring to.

rgrds
gk


Vane Minerals takes a stake in booming uranium market
By Rebecca Bream
Published: March 7 2005 02:00 | Last updated: March 7 2005 02:00

Vane Minerals, the Aim-listed gold explorer, will today unveil the acquisition of several uranium projects, making it the first junior miner in London to enter the booming market.


Vane's move reflects a renewed interest in uranium among mining companies following a doubling of the price of uranium last year.

Vane has formed a US-based uranium subsidiary to develop up to 35 projects in North America, all of which have been drilled in the past. The group said the projects were "located within a uranium district with significant past production as well as significant resources", but would not give specific details until after all the deals were finalised. Vane said the properties had not been mined by their previous owners because the price of uranium had been low for many years.

The spot price of uranium, which determines how much miners charge nuclear power companies for the radioactive metal, had been languishing at about $10 per pound since the late 1980s. Last year, however, uranium prices shot up to $20 per pound, a 20-year high. This was because uranium stockpiles were shrinking and production from mines was low, but demand from the nuclear power sector was growing. China and India both have plans to build many new nuclear power stations to help fuel their rapid industrialisation.

In the developed world, support for nuclear power appears to be growing as politicians look for ways to cut fossil fuel consumption and tackle climate change. WMC, the Australian uranium, copper and nickel miner, has forecast that worries of a uranium shortage will push prices up to $30 a pound.

Canada and Australia - large producers of uranium - have traditionally also been the centres of investment in uranium. But the London market is starting to develop an interest in the commodity as investors rush to jump on the uranium bandwagon.

Good piece that Gallik.

cheers GF.

Hi gf, see your working late again, looks like another winner you have dug up for money am users, not in this myself but good luck to all. goal.

Thanks goal waiting hopefully for some good news early next week.

cheers GF.

All buys bar one and it still hant moved. Are the MMs using a photocopier?

cheers GF.

RNS just out confirming drilling has started. Check it out. Good steady newsflow from this one and all positive. Should reward the patient investor very well indeed.

Its all coming together and we should have more news within a matter of days.


Vane Minerals PLC
15 March 2005



VANE Minerals plc (AIM: VML)

Drilling commenced at Guadalcazar

VANE Minerals ('VANE' or 'the Company') is pleased to announce that it has
commenced a first phase drilling programme at its major Guadalcazar exploration
project, in the state of San Luis Potosi, Mexico.

Diamond drilling started on 8th March 2005, and is being carried out on a
two-shift per day basis, 7 days a week. Two holes have already been completed
and the third hole is underway. The first eleven sites are to be drilled
initially on the eight targets identified by the Company, and VANE expects the
drilling and analysis of the results of the first programme to be completed
within six to eight weeks.

Samples will be shipped for analysis to Jacobs Laboratories in Tucson, Arizona.
VANE will announce the assay results following this analysis when they become
available.

Michael Spriggs, Chairman of VANE said: 'We are very happy with the progress
made here at Guadalcazar. With Diablito moving forward to production and the
fast tracking of this drilling programme, we are ahead of the schedule we set
out at listing and we remain under budget. We have achieved this as well as both
expanding and diversifying our portfolio, with the addition of the Mina Charay
property, the Paraguay investigation permits and most recently the uranium
assets.'

Background:
Guadalcazar is a large newly recognised hydrothermal system, previously thought
to be alluvial until recently defined by the VANE team. The project is directly
from the Freeport McMoRan Inc. Exploration Database that is available to the
Company and therefore is subject to the agreement the company has with Freeport
McMoRan (details of which can be found at the company's website

www.vaneminerals.com
) The exploration licence covers an area of over 20 sq km.
Within this large area, through geochemical and geophysical sampling, the
Company has identified drilling targets which the Company believes may lead to a
large gold deposit.

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.

GF

on a scale of 1-10, where do you put this on your have to own portfolio.

just read the investor presentation and prospectus and it seems these guys are pretty hot. what kind of updaide are you looking at?

rgds
PT

Hi PT, personally I think they are an excellent med to long term buy. Any day now we should get details on gold production at the companys first site, but its the Uranium assets and propertys I am more interested in.

If all goes to plan the gold they sell should provide for the workings of the Uranium propertys.

cheers GF.