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.

Interesting article.

Gold buy signal pops up
By: Barry Sergeant
Posted: '06-MAY-05 16:00' GMT Mineweb 1997-2004

JOHANNESBURG (Mineweb.com) -- For the first time in some two years, Myles Zyblock, RBC Capital Markets's chief North American institutional strategist, has identified a buy indicator for gold stocks.

According to Zyblock, among numerous indicators monitored, the one with the best track record is one of the simplest: the ratio of the dollar gold spot price to the Philadelphia gold & silver index, known as the XAU.

According to Zyblock, when the ratio is above 5.0 an event known for only 12% of the time in the past 22 years - the average annual one-year holding period return for stocks in the XAU has been 38.4%.

Importantly, says Zyblock, there was only one instance when the gold-to-XAU ratio was above 5.0 that investors lost money over a one-year horizon, and the actual loss was 12%. In other words, when the stocks are cheap relative to the underlying gold spot price (i.e., the ratio is above 5.0), it has almost always paid to buy precious metals shares.

The twelve constituents of the XAU: Barrick, Agnico Eagle, AngloGold Ashanti, Gold Fields, Goldcorp, Glamis Gold, Harmony Gold, Kinross Gold, Meridian Gold, Newmont, Pan American Silver, and Placer Dome.

Zyblock says that when the ratio is below 3.0 - which has occurred 5% of the time in the past 22 years - gold stocks have returned -24.3% on average over a one-year horizon. Moreover, observes Zyblock, there was never an episode when the ratio was below 3.0 where you earned a positive return from holding gold stocks.

Zyblocks bottom line: The gold to XAU ratio indicator tells us to buy gold shares when its above 5.0, and to sell gold shares when its below 3.0 with a one-year holding period in mind. The ratio currently stands at 5.08. While one indicator is probably not enough to make a huge bet, this one sure provides compelling food for thought.

Golds up aswell this morning, all looking good for vane!!!

and its ticked up a little :-)

Another good day for Vane. Newsflow continues to be on time and positive with the prospect of plenty more to come:

"VANE continues to make strong progress towards its objective of becoming a self-funding exploration company, with the near term revenue from gold/silver production. We are highly encouraged by progress to date at Diablito and look forward to providing our shareholders with regular updates on the mine development."

Hopefully, details will be provided at the AGM of how long the mill test will take and then some more definition on "near term". The current projection is $3million a year. Let's see if that still stands.

100% buys so far today.

Cheers, Madison

(Edited because first para had disappeared.)

Article from mineweb,

Latest uranium spot prices released on Monday by the authoritative Ux Weekly show a 20% price rise for the nuclear metal in the past two weeks and 40% for 2005 as a whole.

The latest Ux Weekly spot price is $29/lb. The long-term price of uranium remains unchanged at $28.00/lb.

The numbers are released on The Ux Consulting Companys website, which publishes world nuclear fuel spot prices, The Ux Weekly newsletter, Market Outlook Reports, and provides consulting services.

The $2.75/lb price increase is the largest increase since Ux began reporting. It comes after a successful initial public offering by the Uranium Participation Corporation (UPC), which announced it had raised CDN$90 million on Tuesday.

UPC was created to invest in, hold and then maybe sell uranium oxide in concentrates. At least 85% of the gross proceeds from the offering will be invested in concentrates (U3O8).

The objective of Uranium Participation Corporation is to provide an investment alternative for investors interested in holding U3O8, which will be physically stored in duly licensed facilities located in Canada, France, the United Kingdom and/or the United States, said a company release.

The company says it has already accepted a number of proposals for the supply of a 1.85 million pounds of U3O8 at an average price of $27.87/lb.

An analyst note from RBC Capital Markets says that spot volume for 2005 is already at 15 million tons for 2005, compared to 20 million tons during the whole of 2004. Sellers are clearly anticipating higher prices, reportedly offering smaller amounts of material to the market at successively higher prices, says the analyst note.

Paladin Resources, a uranium explorer listed in Australia and Canada, has also announced the completion of a bankable feasibility study on its Namibian uranium project.

The $92 million project is expected to produce 2.6 million pounds per year of concentrates at an average cost of $14.18/lb over the life of the project and $12.20/lb for the first four years.

Commissioning and first ore feed is expected to start in September 2006.

Is that todays news then Madison?, nothing showing up next to my symbol on my stockwatch.

cheers GF. Nice to see all buys but one.

Latest RNS out today:

VANE Minerals plc (AIM: VML)

Commencement of Mining Operations at Diablito Project

VANE Minerals Plc ("VANE" or "the Company") announces that mining operations
have begun at the high grade gold/silver Diablito project, located in Nayarit,
west-central Mexico

The Company also announces that test mining carried out so far, has produced
approximately 450 metric tons of ore, which is being prepared for shipment and
concentration. This material was extracted in the course of mine development and
was therefore expected to be of lower grade than the material produced from
future mining operations. The material produced by test mining will therefore
not be transported directly to a smelter, as is expected with the ore produced
when the mine is in full production. Instead, this material will be used for a
mill test to evaluate the effectiveness and the resulting revenue from
concentrating the ore from Diablito using froth flotation to produce a sulphide
concentrate that will then be smelted to recover gold and silver values.

Construction of the Diablito mine is continuing on schedule. The 2.2 metres x
2.2 metres haulage tunnel now extends 77 metres from the portal and is advancing
in vein material. The haulage opening and development drift will soon be
connected with the ground surface via an inclined tunnel in the plane of the
vein that will provide ventilation as well as a second exit from the mine.

Michael Spriggs, Chairman of VANE, commented: "VANE continues to make strong
progress towards its objective of becoming a self-funding exploration company,
with the near term revenue from gold/silver production. We are highly encouraged
by progress to date at Diablito and look forward to providing our shareholders
with regular updates on the mine development."

First trade was actually a BUY and not a SELL.

Cheers SYD, its a good job we have others interested in this otherwise we'd miss the news.

cheers GF.

I have asked Ian at MoneyAM to investigate whu we are mot getting these bews articles flagged up - he says that they are already on the feeds by the time moneyAM process them so the problem is further up the line - but he would investigare

baza

Baza,

Just to clarify, Jonathan is looking into this as he posted the reply,

Ian

Down a tad today, never mind we should have good news flow on the way.

cheers GF.

Well, seems we've had a lot of profit-taking over recent days. Looking forward to any updates from the agm tommorrow, anybody going? Wish i could of gone, but work has got in the way!
Still very positive for Vane, great news today, another project which is on time and should provide us with a very tasty income and the status of a self funding company. Hopefully we'll get some more progress on Guadalcazar and even a mention about Mina Charay and Paraguay prospects.

Daws

Yup daws, forgot about the AGM, must have been all the gardening I did this afternoon, sun stroke or something like that.

Lets hope we get some positives.

cheers GF.

A tad down at the off. Never mind we may get some good news from the AGM today.

cheers GF.

Tallsiii will ask plenty of good questions. It will be interesting to see his post later.
wilbs

Yes Im looking forward to his report.

cheers GF.

Buyers seem to be returning, could this be a foretaste?
Loadsa

Vane Minerals PLC
12 May 2005


VANE Minerals plc

Result of Annual General Meeting

At the VANE Minerals plc Annual General Meeting today, all resolutions proposed
were passed.

Enquiries:

VANE Holdings plc Seymour Pierce Limited Parkgreen Communications
Matthew Idiens Sarah Wharry/Jeremy Porter Justine Howarth / Cathy Malins
020 7667 6322 020 7107 8000 020 7493 3713

wilbs

now we need an update of the Q&A. where are you tallsiii???!!!

Give him a chance!! He's in the all important informal bit, we hope.

Vane gets a mention this morning in Pat Lay's small caps under the "Some you may have missed" title.

Cheers, Madison