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.

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.

From Mining Web............................

Uranium on top of gold/silver

By:
Posted: '18-MAR-05 07:00' GMT Mineweb 1997-2004



LONDON (Mineweb.com) -- VANE Minerals, an exploration and development company initially working on precious-metals properties in Mexico, is making encouraging headway in these properties, and is now also looking to diversify into uranium, the element that has been attracting so much attention recently.

VANE was incorporated in 2002 as a minerals and exploration company primarily working on defining and developing projects generated from the review of the databank that was itself developed by Freeport McMoRan Copper & Gold, as two of VANEs directors were formerly senior employees at Freeport and have negotiated exclusive access to the mineral databank that Freeport had developed over a number of years. The company is listed on AIM with a market capitalisation of 22.8 million ($43.9 million) and is developing three properties in Mexico, namely Diablito, Guadalcazar and Mina Charay.

All projects are on schedule and VANE has recently announced that full production is expected at Diablito three months ahead of schedule. Diablito is a high-grade gold-silver deposit and VANE subsidiary Minerals Vane SA de CV has signed an agreement with a Mexican mining contractor committing to working on the property by March 19. The machinery is in place and ore production is expected within three weeks of the works commencement. In addition, the development plan has been upgraded to allow production at full capacity (50tpd) more or less immediately; previously this had been planned for a three month ramp-up period.

VANE expects that at this target rate, Diablito should throw off a pre-tax profit of $3 million with a mine life of seven years, based on the current resource calculation. The vein is open at depth and an infill drilling programme is planned in order to extend the life of the resource. This enhanced programme has prompted the companys Chairman, Michael Spriggs, to state that the company is well on its way to becoming a self-funding exploration company.

VANE has also commenced drilling at Guadalcazar on March 8. This is being carried out on a bi-daily shift seven days per week. Two drill holes have already been completed and a third is underway. The company has identified eight targets as a result of geophysical and geochemical sampling and the results of the first drilling programme are expected within the next six to eight weeks, keeping the company ahead of schedule and under budget. Guadalcazar is a hydrothermal system, that had previously been thought to be alluvial and clearly therefore has higher resource potential than recognised by the earlier exploration programmes.

Initial assay results at the third property, Mina Charay, are suggesting strong mineralisation. Assays from the seven drill holes recently completed indicate a high-grade mineralised vein with some very high grades of up to 36.82g/t of gold and 706.2g/t of silver. Results to date suggest that there is bulk grade mineralisation as gold values have been obtained in shallow pits. This is early stage, but the company is following up with further geophysical sampling and intends to continue with the drilling programme and as a consequence the company has negotiated new terms with the property owner, allowing deferment of the January $75,000 option payment until July 2005. Between now and June there are $40,000 of option payments to be made and the company retains the right to withdraw from the property with no further financial obligation.

Meanwhile, VANE has also been looking at diversifying its current project portfolio by looking at uranium, a metal that has been attracting considerable interest of late, not least with the oil price seemingly headed towards $60/bbl even if OPEC manages to increase its production by one million barrels per day, something that some analysts have suggested will be a difficult target to achieve. VANE has successfully claimed seven uranium targets and has identified a further 28 properties, all in the same area.

The portfolio should be established by the end of the first quarter of this year; all seven targets are either at or near resource stage or are targets that exhibit similar surface features to miens with past production, but that have not yet been evaluated for uranium content. Intersections to date have thrown off grades of 0.34 up to 1.78% U3O8. The company has incorporated a 100% owned subsidiary to hold the uranium properties and has recruited an experienced uranium geologist on to the team. Adding a little spice to the programme, the company has said that the properties are all within a uranium district with significant past production as well as significant resources. It goes on to say that owing to prevailing conditions in the uranium market, it prefers not to identify the location until it has completed its property position. Watch this space

INVESTORS CHRONICLE
Tips:
* Buy BT Group at 203p - T&F Informa at 421p - Center Parcs at 73p - Widney at 109p - Dream Direct at 81p - Vane Minerals at 17p.
Updates:
* Buy Intek Telecom - Paypoint - Daniel Stewart.

Company Results:
* Buy James Fisher - Hill & Smith - Headlam - Rok Property Solutions - Bovis Homes - Roxboro - Public Recruitment - Balfour Beatty - Aviva - Bond International - Tolent - Entertainment Rights - Mayborn - NSB Retail Systems - Ark Therapeutics.
* Sell Intercontinental Hotels Group - Zotefoams - Deltex Medical - Restaurant Group - Eidos.

cheers GF.

what a great article. can someone post the IC tip plse, thx.
rgds
PT

Nothing we don't already know, but it all helps...

PAT LAY'S SMALL CAPS (from this is money)

17/03/05
Vane Minerals
The exploration and development company has started a first-phase drilling programme at its Guadalcazar exploration project in Mexico.

Here you are proptrade:

IC buy article:

Production at Vane Minerals' Diablito Mine in Mexico is due to get under way within the next few days, following a deal with local contractor MGA Constratista Minera. Internal estimates expect the project, which is small scale but high-grade, to generate $250,000 a month, or pre-tax profits of $3m a year. Those figures are based on grades of over 15 grammes of gold per tonne and 1,650 grammes per tonne of silver. That's not bad going for a company that came to the market last year with little more than a database to its name.

Since then, Vane has been busy and acquisitive. Not only has it acquired a huge 3,800 sq km exploration block in Paraguay but, more recently, it started aggressively securing uranium assets in an area as yet undisclosed, but known to be highly prospective. Vane has picked up seven prospects and has its eye on another 28. The company is set to reveal where the properties are next month. And it has hired uranium geologist Kristopher Hefton, an old associate of the directors from their Freeport-McMoRan days.

At a recent conference in London, uranium was identified as the hot metal for 2005 as nuclear power gradually returns to favour. So, of the UK-listed companies in attendance, Vane's acquisitions have helped put it well ahead of the pack.

In the more immediate term, and with cash from Diablito about to start rolling in, Vane will develop two other properties in Mexico, and assess opportunities generated by the Freeport-McMoRan database that its founding directors brought with them. The plan is for cash flow from one of the new Mexican projects to bankroll the company's drill programme in Paraguay, which is likely to begin next year. With plenty of money in the bank, and little likelihood under current circumstances of a return to the market for more cash, Vane looks well set to benefit from the current strong gold and uranium prices. Buy.

Cheers, Madison

Another little tick up. Excellent.

Yup nearlly 14% rise now. Come on we want more.

cheers GF. ANYONE HAVE THE IC ARTICLE?.

Sorry its above, well done Madison, I can take this around the grounds now.

cheers GF.

GF - I just put it up above: post 55! (Or was it something else you wanted?)

Cheers Madison

Chart looking tasty.



cheers GF.

Just ticked up to over 15% now, NICE.

cheers GF.

Goldfinger i followed you into this one a few days ago,hope you don`t mind.
Sorry i didn`t get back to you the other day but i have only just received your message today.I am having real problems with my emails,not only am i receiving them late but they keep duplicating themselves.I am still holding MMG and hopefully with some good news this afternoon the profits might help me to buy a new computer.Thanks again for sharing these with us.
DB66

Madison, most appreciated...

interesting stock, maybe on my buy pad next week.

rgds
PT

Rocketing today up to 24p!!

Really shifting today now up 30%, NICE. Should be good news out this week aswell on the gold and silver production. Looks very cheap and could go through the roof this one, especially with all the Uranium propertys it as.

cheers GF.

Another report on Vane.................

Miningnews.net : 17-March-2005



Vane confident of uranium focus

AIM-listed junior uranium explorer Vane Minerals says it will have claimed up to 25 uranium properties with resources or past production in North America by the end of the month, though the company remains coy about specifics.

"We don't really want to attract too much attention to the area, although there is attention there already," the commercial director of the London based company Matthew Idiens told MiningNews earlier in the week.

"We have set up a subsidiary and we have seven properties out there in the field and will be claiming the rest of it pretty soon, we should have a better idea of where we stand towards the end of the month."

Idiens was adamant that Vane wasn't just trying to cash in on the hype that's come with the explosion of interest in the controversial commodity.

"I wouldn't say there is hot air surrounding the commodity itself. There is underlying economics saying that demand outstrips supply and therefore prices should continue to rise. With global governments returning to the positive sides of nuclear energy this should be a long-term trend rather than a short-term bubble," he said.

"What there may be a bubble around is a company's share price on the back of uranium. There is a lot of these cash shells set up to look for uranium and they go to a massive premium and then of course they never really come up with anything.

"One certain company raised some money over here, I'm not going to say what company it is, but by all accounts they have one geologist working in the whole of Africa. Your hopes aren't very high of finding something working in the whole of Africa [with one geologist] because it is a big old place,"

However Idiens conceded there was some concern with the number of companies setting up to take advantage of the boom.

"There is more of a worry in that it is going to give the commodity a bad name and the companies that trade in it," he said.

"From the outset our company strategy was to find a high-grade mine to put into production so it would then pay for the exploration and we would be a self-funded exploration company. Our expertise is in exploration and we believe we have achieved this in a little project called Diablito in Mexico which is literally about to go into production any week now," Idiens said.

Idiens said Diablito was set to generate $US250,000 a month in profit from a seven-year mine life which would then be directed back into exploration including widening the search for future uranium assets.

"We have another project in Mexico, Mina Charay, which we hope to turn into another cash flow project and that would basically mean all of our budget is paid for in the foreseeable future plus some money on top.

"Certainly there doesn't seem to be any option money in our share price at the moment. We are more or less valued at what our assets are with regard to the production side of things and the exploration side of our business doesn't seem to be valued. Which in my view is, as they say, an endless blue sky," Idiens said.

The so-called blue sky includes the acquisition of exclusive rights to the extensive Freeport McMoran exploration database, with chief executive officer Steve Van Nort, previously vice-president of global exploration with the copper and gold major, negotiating rights to the database as part of his retirement package.

Indeed four of the companies founding directors were with the copper and gold major.

"In 2000 Freeport decided to concentrate on Grasberg in Indonesia and not bother with global exploration because they are getting around a billion a quarter," Idiens said.

"So we have got this 100 years of exploration database that we have been sifting through, identifying projects that in the 40's and 50's didn't offer any opportunities. Obviously now because of the prices of gold, silver, and because of improved mining techniques they may now be viable mining projects."

cheers GF

HAVE I MISSED IT NOW? TIMING IS EVERYTHING!