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.

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.

nice summary GF, almost all i need to know...will tell you if i get in.

Was in these last year for a while when they came to the market as Vane Holdings VHL. What attracted me to them then was the exclusive access to the Freeport database excluding Indonesia.

Its 2 existing projects, Guadalcazar and Diablito seem to be moving along nicely now. Sold out last year as needed to fund something else so not been following them recently. A bad move by the looks of things on my part! Do agree with GF that the uranium project makes Vane look a lot more interesting than it did last year.

hey gavdfc...it kind of looks interesting. i am seriously considering having a few....need to get some of those ESY loses back!

Esy, ouch, in the same boat! This definitely looks better than it did as VHL. Came to the market middle 2004 at 11p and there was quite a bit interest in it then. Remember one of the directors I think being interviewed on CNBC, very positive. Same as lot of these new resource issues that interest died down a bit and it sort of drifted of. Now that the 2 gold/silver projects are at a more advanced stage it looks a lot better. Moving into uranium could be a good move here. Problem with some of these little miners is that they can sit stagnant for a while until drilling, and people's interest wanes a bit, especially when there are faster moving stocks. In another one just now thats been stagnant for a while, PLX. To me, these types of stocks are holds for over the medium term at least.

too true, the thing i like here is the intellectual property angle (if u know what i mean), the cash flow positive current drilling and the management team.

could be a medium term stunner.

Hi GF,

Followed this thread since the start and after doing my own research decided to join you in this a few days back.

That photocopier you mentioned must be red hot now!

Loads of buys, even a couple of millions. Very little selling. Yet price remains rigidly unmoved.

Where are these shares coming from!?

Cheers, Madison

You tell me Madison.

cheers GF. PS, glad to have you on board.

More buys than sells again but the price doesnt move.

cheers GF.

Shafted by the MMs springs to mind when looking at the trades today and know what previous days were.

Tipped in this mornings IC I believe. Not read the piece so don't know what it says.

The IC seems to have problems with their tips links this morning as their is nothing behind them. Has anyone found a solution to this?

Well its certainly moved the price NICE at last we have lift off.

cheers GF.

Yipes its up 12% now. Blimey after all those dull days. NICE.

cheers GF.

Theres some big volume here today after the IC tip.

cheers GF.