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.

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

Ahead of Schedule and under budget stands out throughout the reported results.
Sounds very Bullish. Well on track. Excellent management team.

cheers GF.

Just about ideal. I would think this should attract the investor more than the trader. (Nothing against traders, I trade myself, just that I prefer to invest!)

Cheers, Madison

Update on news:

LONDON (AFX) - Vane Minerals PLC, which listed on AIM in June last year, said all its work programmes are on schedule and under budget.

In a statement alongside results for the 15 months to Dec 2004, the board said the group remains on course with its declared strategy of generating early cash flow from developing properties. While the thrust of Vane's activities remains its developing gold-silver projects in Mexico, it said it has additionally made application in recent months for gold-copper prospects in Paraguay and also for uranium licences in North America.

Current cash burn rate is 143,000 stg 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 mln stg in cash.

The board said it 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.

The pretax loss for the 15 months to end-Dec was 598,693 stg.

The group also updated on its exploration activities.

It said it has continued its review of the Freeport-McMoRan Copper and Gold Company's 7000 plus exploration files. Targets of interest have been identified and their evaluation is expected to be undertaken in the coming months.

The company's Diablito project has been and continues to be a success, the company said. 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.

A mining plan for recovery of the Diablito resource 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 plan.

Vane also said work at the company's Guadalcazar epithermal gold prospect has progressed satisfactorily. A number of drill targets have been identified which offer the potential of discovering a large hydrothermal gold deposit.

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, Vane said.

In the company's Uranium exploration, work was initiated in late December 2004 on acquiring potential 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.

Why is this not showing as a news item on the stockwatch list ??

B

Morning all
Just ticked up, the first of a few today I think

good luck loadsa

BH yes I noticed that aswell. Looks like we will get the further news next week then on the state of play on the Uranium propertys.

cheers GF.

Some key words & phrase in the above make it feel good:

'remains on course with its declared strategy'
'continues to be a success'
'exciting portfolio of exploration and development projects'
'two months ahead of plan'
'rapidly develop'
'grow the business substantially'

All nice & positive & foward looking phrases makes you feel good inside!

See the trend of the SP falling after Results, the MM's must want our stock

Absolutely - now off to the Moneyam day but rushing for that bus as I have 25 mins!

Yup the usual profit taking going on after results. Watching very carefully as Im going in for more. We should get the Uranium news next week which could see this one soaring.

cheers GF.

My thoughts entirely - just watching

Hardly a mass exodus is it! A few profit takers, and judging by a few comments I've read some of them may even have incorrectly mixed up the results with the news to come.

Just added and I see someones bought 100,000. NICE.

cheers GF.

And they paid 1p over the offer mark for the honour

loadsa

Yes, but the SP did not move back up.
How do we know the Uranium news we be released next week and not later

Think the 100,000k buy moved the price up first thing but was only finalized at 8.35. Anybody think the mm are short on stock?

Hi TM
Just noticed on the live stream the 100k buy was timed in at 08:30hrs it must have been delayed in release but none the less was already accounted for in the SP, a neat move if you want to keep the SP low and shake out a few more cheap shares to soak up. A good thing that punters are getting wiser and not panicking. As to the Uranium news ,next week is the rumour but I stress rumour only as far as I know.

regards loadsa

Yes, loadsa I noticed that timing too (and laughed). Seemed to me like a little shake which hasn't really produced much. Good to know that Vane holders are made of sterner stuff!

TM - We don't. But it will come in due course. I suggested yesterday (based on an email from the company) that it wouldn't come today, but I didn't put any time frame on it. So, it could come at any time.

Bear in mind the gold/silver/copper aspect of this company too and the overall picture. Yesterday Dresdner raised its stance on the mining sector to 'overweight'. "Dresdner said it is pushing out an estimated cyclical peak in commodity prices to early 2006 and believes high prices are sustainable over the medium term." Diablito production is ahead of schedule.

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