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.

Yes I agree thats a big seller. Probably someone or organisation that got in at the very beginning locking in profits before results, 'hedging their bets'.

cheers GF.

Good write up in IC GF, ive been watching the recent rise ,is there still room to get in under 24p ?? JB...

Just found this in the prospectus, havent time to work it out now have to go out Sees yer later. Share options granted might or might not find the seller here.????????...........................

2.7 On Admission, there will be outstanding options under the Share Option Plan over a total of 5,600,000 Ordinary
Shares. The Company has granted options as follows:

Date Number of Exercise
Optionholder of Grant OrdinaryShares Price (p)
Matthew Charles Idiens 25 May 2004 3,000,0001 11
Robert Parkyn Jeffcock 25 May 2004 1,000,0001 11
Commercial Technology Limited 25 May 2004 1,000,0001 11
Luis Perez 25 May 2004 600,0002 11

1. these options are only exercisable in the event that in any continuous period of 90 days expiring on or after the
first anniversary of Admission, the average mid-market share price for Ordinary Shares exceeds 150 per cent.
of the Placing Price.

2. these options vest, providing he remains a consultant to the Group, as to 200,000 on the first anniversary of
Admission, as to 200,000 on the second anniversary of Admission and as to 200,000 on the third anniversary
of Admission. There are no performance conditions attached to these options.

No just had a quick look, this isnt the answer. Not much to go on on the RNS list either. Got to be somone I feel who bought from prospectus. Cant blame them for taking profits.

cheers GF.

Hi Jimmy I would say yes because I have great faith in this one and Im a long term investor normally. Looks like Madison may have the answer above ., I think he points out that results are in the morning, news of on going developments monday onwards. Got to go now.

cheers GF.

I agree, probably an institution that got in at the placing stage. They can see that a string of buying in the lead up to results is an ideal time to got shot of some stock without weakening the price too much.

Certainly looks that way TS from the timing of the sells.

cheers GF.

Wey hey weve ticked up, where did that come from???????????.

cheers GF.

I cant see any change in the price GF, were are you looking?

And now were back down again.

cheers GF.

I has pulled back again before the close. Looks like the tactical selling has left the market fairly even by the end of the day.

i just got in touch with barclays stock brokers about this tick up and they were not aware of anything, and there you go back to where we started the day.

i just got in touch with barclays stock brokers about this tick up and they were not aware of anything, and there you go back to where we started the day.

May be its given a hint,as to which way this is heading tomorrow.

May be its given a hint,as to which way this is heading tomorrow.

ateeq--you've got an echo!! High hopes for tomorrow and next week MP

TESTING

Cant see that theres much to report in the morning to be honest. If the updates are next week it could be a non event, then again thne stock market never ceases to amaze.

cheers GF.

Vane Minerals PLC
08 April 2005

8th April 2005


VANE Minerals Plc (AIM: VML)
Financial Results for Period Ending December 2004

REPORT HIGHLIGHTS

Listed on AIM in June 2004 raising 3.283m net of expenses
At the end of the financial period, the Group had cash balances of 2.34m
All work programmes are on schedule and under budget
Commenced production on the Diablito gold-silver prospect in Mexico with
full capacity production expected to be ahead of schedule during 2005
Follow-up exploration work at prospective Guadalcazar gold prospect in
Mexico significantly progressed
Drilling on Guadalcazar commenced in March 2005
Option acquired on the Mina Charay gold-silver prospect in Mexico. First
drilling results favourable
Uranium prospects identified in the North America. 7 prospects claimed to
date with a further 28 under review
Gold and copper targets identified in Paraguay



CHAIRMAN'S STATEMENT

It gives me pleasure to have this opportunity of reviewing the principal events
in the development of VANE Minerals since the company's successful listing on
AIM in June 2004.

Since that event, I am happy to report that the company's share price has
improved strongly in a market in which mining increasingly is playing a
pre-eminent role. This encouraging performance continues to be underpinned by
the strength of the gold price on international markets.

We remain on course with our declared strategy of generating early cash flow
from our developing properties. While the thrust of our activities remains our
developing gold-silver projects in Mexico, we have additionally made application
in recent months for gold-copper prospects in Paraguay and also for uranium
licences in North America.

The 3.283 million (net of expenses) raised by VANE Minerals on listing in 2004
is being applied to fund the detailed exploration and development of our three
main properties in Mexico: Diablito (gold-silver) in Nayarit; Guadalcazar (gold)
in San Luis Potosi; and Mina Charay (gold-silver) in the State of Sinaloa. My
colleague, Steve Van Nort, has commented further in his report on progress with
each of these prospects.

Throughout the past year, the company has strived to apply the funds raised in
the IPO in an efficient and diligent manner. Consequently, VANE Minerals has
managed to accomplish its objectives as set out in the listing prospectus within
budget and ahead of schedule and expects to be able to continue to fund its
various exploration activities from these resources, until the company becomes
cash generative with the development of our Diablito property. Our current cash
burn rate is 143,000 per month, and this is expected to be maintained during
the first half of 2005 until Diablito reaches full production. At the December
2004 year-end, the group held 2.344 million in cash.

One of the pillars of VANE Minerals' strategy has been the continuing access to
the extensive database of exploration files of the Freeport-McMoRan Copper and
Gold company. The exclusive agreement which we entered with this company was
recently extended by a further year to June 2006, and we intend to use this
unique resource to identify additional exploration targets in the coming months.

This has been a busy year for your company in which a number of milestones have
been reached. VANE would like to thank its shareholders for their continued
support during this period of build-up towards initial mine production and cash
flow generation. Your board believes that, with its exciting portfolio of
exploration and development projects, the company is placed now to grow the
business substantially and to create sustainable value going forward.


MJ Spriggs
Chairman




CHIEF EXECUTIVE OFFICER'S REPORT

We are very pleased and encouraged by the progress that the VANE team has made
since the company listed in June of 2004. The two existing properties at the
time of the listing are on schedule and below budget as set out in the company's
prospectus and new additions to the VANE portfolio are progressing well and show
promising potential.

Freeport-McMoran Exploration Files

We have continued our review of the Freeport-McMoRan Copper and Gold Company's
7000 plus exploration files, in accordance with our exclusive agreement, which
was recently extended to 30 June 2006. Targets of interest have been identified
and their evaluation is expected to be undertaken in the coming months.

Diablito Project

The company's Diablito project has been and continues to be a success. The
company's plan was to rapidly develop this property in order to give VANE a cash
flow and enable the company to be a self-funding exploration company. Up-grading
of indicated resource at Diablito was accomplished through a detailed diamond
drilling programme which has been reported on in two press releases dated 29
September 2004 and 25 October 2004. New resource estimates developed from the
drilling programme are tabulated below:

Tons Tons Tons Grade Grade
Measured Indicated Inferred Au opt (Gold) Ag opt (Silver)
23,300 11,700 65,000 0.39 42.4

Further up-grading of and expansion of the resource base is anticipated,
especially down dip and to the west, with the completion of additional infill
and step-out drilling.

A mining plan for recovery of the Diablito resource, as outlined during the
above mentioned drilling campaign, has been formulated, a contract mining
company selected and VANE and the MGA Contratista Minera SA de CV are now in the
process of initiating that development plan. First production of ore is now
expected in May 2005 with the design capacity of 50 t/d to be achieved two
months ahead of the plan as outlined in the budget detailed in the listing
prospectus.

Guadalcazar

Work at the company's Guadalcazar epithermal gold prospect has progressed
satisfactorily. VANE has completed a detailed geochemical survey (rock, water
and mesquite), geophysical surveys (gravity, magnetics and VLF) and geologic
mapping of the limestones surrounding the Guadalcazar basin. Compilation of all
this data has identified a number of drill targets which offer the potential of
discovering a large hydrothermal gold deposit. Eight targets have been selected
to be drilled. The drill is scheduled to be mobilized in late February with
drilling, 22 holes budgeted, to commence immediately thereafter.

Mina Charay

In addition to the above accomplishments the VANE team has secured an option to
purchase the Mina Charay gold-silver property located in the State of Sinaloa,
Mexico. The Mina Charay project has both the potential for rapid generation of
cash flow and the discovery of a large bulk mineable deposit. First phase
diamond drilling, 7 holes, has been completed along with a reconnaissance VLF
survey, both of which indicate that one or more well-mineralized vein structures
occur within the Mina Charay property and are open to the West, along strike and
down dip.

Paraguay

In Paraguay the company has applied for three large concessions in east central
Paraguay totalling 3,800 sq kilometres, where at least 22 gold and/or gold/
copper geochemical anomalies have been identified. Work has begun to evaluate
these anomalies through more detailed geochemical work, with drilling planned
for the future.

Uranium

Work was initiated in late December 2004, on acquiring potential uranium
resources and/or prospects in North America. As of early 2005, 7 targets have
been claimed and a further 28 prospects have been identified and are being
targeted for acquisition. Some of the prospects are believed to contain
indicated resources with uranium grades of around 1% U3O8 or 20 pounds uranium
oxide per ton. At present uranium oxide prices of approximately $21.00/pound,
the value of ore is over $400/ton.

SD Van Nort
Chief Executive Officer


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




CONSOLIDATED PROFIT AND LOSS ACCOUNT
for the period ended 31 December 2004


Notes 15 months ended 11 months ended
31 December 2004 30 September 2003


TURNOVER - -
Net operating expenses (637,663) -

OPERATING LOSS (637,663) -
Interest receivable 41,041 -
Interest payable and similar charges (2,071) -

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION (598,693) -
Taxation 35,533 -

LOSS ON ORDINARY ACTIVITIES AFTER TAXATION 3 (563,160) -

LOSS PER SHARE
Basic and diluted 2 (0.52p) -


The operating loss for the period arises from the group's continuing operations.


STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
15 months ended 11 months ended
31 December 2004 30 September 2003


Loss for financial period (563,160) -
Currency translation losses on foreign currency net (67,404) -
investments

Total recognised gains and losses for period (630,564) -



CONSOLIDATED BALANCE SHEET
31 December 2004


Notes 31 December 2004 30 September 2003

FIXED ASSETS
Intangible assets 11,503,882 -

CURRENT ASSETS
Debtors 116,093 -
Cash at bank and in hand 2,344,253 2

2,460,346 2
CREDITORS: Amounts falling due within one year (66,078) -

NET CURRENT ASSETS 2,394,268 2

NET ASSETS 13,898,150 2

CAPITAL AND RESERVES
Called up share capital 14,614,382 2
Share premium account - -
Profit and loss account (716,232) -

EQUITY SHAREHOLDERS' FUNDS 3 13,898,150 2





CONSOLIDATED CASH FLOW STATEMENT
for the period ended 31 December 2004


Notes 2004 2003


Cash flow from operating activities 4a (584,524) -
Returns on investments and servicing of finance 4b 38,970 -
Capital expenditure and financial investment 4b (381,899) -
Acquisitions and disposals 4b 56,594 -

CASH OUTFLOW BEFORE MANAGEMENT OF LIQUID RESOURCES AND FINANCING (870,859) -
Management of liquid resources 4b (2,285,791) -
Financing 4b 3,282,514 2

INCREASE IN CASH IN THE PERIOD 125,864 2



RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS
2004 2003


Increase in cash in the period 125,864 2
Cash outflow from increase in liquid resources 2,285,791 -

Change in net funds resulting from cash flows 2,411,655 2
Translation difference (67,404) -

Movement in net funds in the period 2,344,251 2
NET FUNDS AT 1 OCTOBER 2003 2 -

NET FUNDS AT 31 DECEMBER 2004 2,344,253 2










Notes to the financial statements, Period ended 31 December 2004'



Note 1 BASIS OF PREPARATION



The financial information for the year ended 31 December 2004 has not been
audited and does not constitute the Company's statutory financial statements
within the meaning of S240 of the Companies Act 1985. This preliminary
announcement was approved by the Board on 7 April 2005.



The statutory financial statements for the year ended 31 December 2004 have not
been filed with the Registrar of Companies nor reported on by the Company's
auditors. They will be circulated to shareholders in April 2005 and the Annual
General Meeting is arranged to take place on 12 May 2005.



The comparative results for the year ended 31 December 2003 are an abridged
version of the audited financial statements which have been filed with the UK
Registrar of Companies and on which the auditors issued an unqualified audit
report.



Note 2 LOSS PER ORDINARY SHARE



The calculation of basic and diluted loss per ordinary share is based on the
following loss and number of shares.
15 months 11 months
ended ended
31 December 30 September
2004 2003


Loss for the financial period (563,160) -

2004 2003

No. of shares No. of shares

Weighted average number of shares 107,745,590 2




Due to the loss incurred in the period, there is no dilutive effect from the
issue of share options.



Note 3 RECONCILIATION OF MOVEMENT IN EQUITY SHAREHOLDERS' FUNDS

2004 2003



Loss for the financial period (563,160) -
Issue of shares during the 14,951,198 2
period
Share issue costs (422,486) -
Exchange rate adjustments (67,404) -


Net addition to shareholders' 13,898,148 2
funds
Opening shareholders' funds 2 -


Closing shareholders' funds 13,898,150 2


Note 4 CASH FLOWS


2004 2003


a Reconciliation of operating loss to net cash outflow from
operating activities
Operating loss (637,663) -
Increase in debtors 143,063 -
Increase in creditors (89,924) -

Net cash outflow from operating activities (584,524) -


b Analysis of cash flows for headings netted in the cash flow 2004 2003


Returns on investments and servicing of finance
Interest received 41,041 -
Other interest paid (2,071) -

Net cash inflow from returns on investments and servicing
of finance
38,970 -

Capital expenditure and financial investment
Purchase of intangible fixed assets (381,899) -

Net cash outflow from capital expenditure and financial (381,899) -
investment

Acquisitions and disposals
Cash acquired with subsidiary 106,594 -
Acquisition of subsidiary (50,000) -

Net cash inflow from acquisitions and disposals 56,594 -

Management of liquid resources
Cash deposited on 7 day deposit (2,285,791) -

Net cash outflow from management of liquid resources (2,285,791) -

Financing
Proceeds from issue of share capital 3,705,000 2
Share issue costs (422,486) -

Net cash inflow from financing 3,282,514 2



At Cash-flow Exchange At
1 October 2003 Difference 31 December 2004


c Analysis of net funds

Cash at bank and in hand 2 125,864 (67,404) 58,462
Cash on deposit - 2,285,791 - 2,285,791


2 2,411,655 (67,404) 2,344,253




d Analysis of the net outflow of cash in respect of the purchase 2004 2003
of subsidiary undertaking:


Cash acquired with subsidiary 106,594 -
Acquisition of subsidiary (50,000) -


Net inflow of cash in respect of the purchase of subsidiary 56,594 -






This information is provided by RNS
The company news service from the London Stock Exchange

What we have all been waiting for, Final Results, released today.
This company will be massive this year and lets enjoy the ride!