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.

Doesn't always work that way, that would make to much sense! Does mean that our Uranium finds are potentially worth more today then they were a few weeks back though :-)

A good positive start to the day, all buys

And up she ticks
Loadsa

Some news from mineweb on VANE:

http://www.mineweb.net/sections/energy/438543.htm

VANE reveals mystery uranium location
By: Rhona O'Connell
Posted: '08-MAY-05 17:00' GMT Mineweb 1997-2004

LONDON (Mineweb.com) -- VANE Minerals, the AIM-listed company (ticker symbol VML.L, and current market capitalisation 28.5 million or US$54 million) that is using the extensive database from Freeport to explore in Latin America for precious metals deposits, has until recently been coy about the location of the uranium deposits that it has also been investigating. It prefers to keep the property under wraps until completion of the acquisition programme.

This was scheduled for the end of April, and was clearly completed on time as the announcement was made in the first week of May; we can reveal that the location in question is Northern Arizona. This is a relatively new district that produced approximately 23 million pounds of U3O8 before the decline of uraniums price in the early 1990s. The uranium occurs in compact high-grade deposits, in breccia pipes that originate in the Mississippian Redwall Limestone. These pipes typically occupy relatively small surface areas and in the majority of cases they can be covered by claims of one to four acres. This minimises land acquisition costs and surface disturbance. Most of the uranium ore produced from pipes in the Arizona district in the past was processed at the White Mesa mill located in Blanding, in Utah and processing at the mill recommenced on March 21 this year.

VANE has obtained the exploration rights to 16 properties in the breccia pipe district of the state. These are located on Federal lands that have been claimed, or are on State lands on which exploration permits have been granted. One property contains a breccia pipe with a drill intercept containing 1.78% equivalent U3O8, several others are believed to hold breccia pipes, while some that have yet to be drilled are exhibiting surface features similar to pipes that have been mined or that are known to contain uranium resources. Further information will be released later in the year.

Meanwhile work continues on VANEs precious metal properties in Mexico and Paraguay. The latest reported results from Mina Charay in Mexico show strong mineralisation, indicating a high-grade vein grading up to 36.82grames per tonne of gold and 706.2g/t of silver. Guadalcazar continues to indicate the presence of a hydrothermal vein system while the properties in Paraguay are looking highly prospective.

That all sounds positive!

This one has been popular this morning. 80K buys and no sells so far!

Yes, nice to see it blue... hope you got my AGM message tallsiii.

Cheers, Madison

Ian,

The first four VML trades are sometimes showing as buys and sometimes as unknowns. Do you know about this, and is this part of the streaming problems I think I saw mentioned earlier?

Cheers, Madison

Madison,

I will take a look.

Ian

Madison,

These should all now show correctly as buys.

Regards

Ian

Thanks Ian,

Cheers, Madison

Good to see a few buys today, all be it still very thin volume. Just had a look at vml's chart the sp seems to bouce of the 50ma very nicely (thats about my all my knowledge when it comes to charts!)

If anybodys interested, take a look at the the following link, website for white mesa mill (the one that we might be using for the uranium production).

http://www.intluranium.com/wmm_intro.html

daws

Looks like theirs a few more companies interested in Uranium in Arizona:

http://tsedb.theglobeandmail.com/servlet/WireFeedRedirect?cf=GlobeInvestor/tsx/config&date=20041025&archive=ccnm&slug=1025056n

http://www.standarduranium.com/s/NewsReleases.asp?ReportID=105684&_Type=News-Releases&_Title=Standard-Uranium-Inc.-Adds-40-Million-Pound-Uranium-Resource

Guessing we may have neighbours - Standard Uranium near their breccia pipe properties...



daws

Good news for Uranium fans!


Blair demands nuclear power to protect high 'living standards'
By Marie Woolf, Chief Political Correspondent

09 May 2005

Tony Blair has ruled out making changes to "living standards" to tackle global warming, and is drawing up plans to build a new generation of nuclear power stations to reduce carbon dioxide emissions instead.

The Prime Minister has personally endorsed "keeping the nuclear option open" and is planning a government statement on a change of policy before the summer, in the face of opposition from cabinet ministers, including Margaret Beckett, the Secretary of State for the Environment. Mr Blair's decision to revive the nuclear agenda was revealed two weeks ago by The Independent which reported that Mr Blair's own strategy unit was working on it.

Yesterday, a leaked government briefing document disclosed that the nuclear option would be looked at soon after Parliament returns. A paper by departmental civil servants for Alan Johnson, the new Secretary of State for Productivity Energy and Industry, proposes that building more nuclear power plants or extending the lives of present ones should be a top priority for the first months of Labour's third term. It stresses the "need to act soon" and says there is a "case for looking at the nuclear question quickly".

The paper says: "This formula to 'keep the nuclear option open' was a compromise endorsed by the PM, between ministers for and against. The question is whether we need to decide now (bearing in mind that it is generally easier to push ahead on controversial issues early in a new Parliament).

It says nuclear should be looked at as an option for tackling climate change and protecting the energy supply. But it adds: "CO2 emissions have been rising in recent years. We look to be falling well short of the goal to cut them by 20 per cent by 2010."

The revival of nuclear power is bolstered by the Prime Minister's admission that he is opposed to asking people to make changes to their lifestyle - such as buying energy-efficient refrigerators or taking the Eurostar instead of flights to Europe - to reduce global warming. Mr Blair has said publicly there is no political will to force people to make lifestyle changes to less fuel-hungry cars or energy-efficient lightbulbs.

His remarks infuriated the Green movement: Stephen Tindale, director of Greenpeace, said: "He is implying that anyone who is against nuclear is in favour of making people go back and live in caves. It's absolutely ridiculous. He is saying he is not asking anyone to make any choices to protect the living standards of children in the future."

The move to build more nuclear power stations while discounting lifestyle changes is also opposed by Labour MPs and Whitehall officials. Civil servants say it could weaken the Government's case against nuclear proliferation involving states such as Iran and North Korea. They criticised Mr Blair for ruling out "lifestyle changes".

One said: "Getting an energy-efficient fridge is not going to change lifestyle. The push for nuclear is coming from the nuclear companies and their fellow-travellers in Government. There is no real urgency to take this particular decision, especially if it spreads yet more confusion. It could destroy UK credibility on climate change during the G8 and EU presidency." http://news.independent.co.uk/uk/environment/story.jsp?story=636853

Interesting rise on zero volume!

Cheers, Madison

And up again....

And again....

somebody looking forward to the agm?

All buys so far, 70k seems to of started it off.

See what you mean dawsinho and a good idea to point this out. Just to clarify we are saying the 70k showing as a sell is a buy (look at the trade time and price at that time).

Cheers, Madison