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.

Anybody seen anything in shares mag? Ive been looking at the mag online but cant find anything.

wilbs

Searched the doc for the word vane and came up with nothing.

Typlical mag.
Good RNS, wonder what we will see happen with the sp today after a day of blue yesterday.

wilbs

I think the last paragraph about Mina Charay generating rapid cash flow is what I am most pleased about. Guadalcazar: looks very good and possibily of tin and mercury too.

Cheers, Madison

PS Shares mag doesn't surprise me!

Tallsiii, Thank you for the "news" re Vane. We have not got the RNS news on our Stockwatch? Regards Di and Paul

nothing in shares mag this week - checked it online also

Think I mail email them what little good it will do.

Surprised that the price has only ticked up .25 so far - would have expected a tad more. Patience

Baza

Not to sure how to take the Guadalcazar news, doesn't sound like thier to keen to push on with it for now. They must think that it has potential otherwise, why else schedule another round of drilling?

On the other hand great news about Mina Charey, think they will want to push on with this one as quick as poss and get it cash postive. With high grade mineralization and shallow depth this boeds well me thinks.

Back from taking my daughter to school and I can see my initial quick reaction to Guadalcazar was wrong. A lot more information required and it may not be so quick to arrive.

Doesn't worry me too much though. Vane has many strings to its bow and it's inevitable that results will vary from project to project. The Mina Charay news is excellent and we are looking forward to plenty more news to come.

What does concern me is that a lack of investment input and a too high proportion of trading input will impede the sp developing momentum. I know this is a debate that is permanently run on BBs. My view, as an investor and sometime trader, is that the negative effects of short-termism are more pronounced on a stock like this than either a large company or a company with massive trading volumes (eg SEO). What is surprising when you look at the trading patterns in VML is how little money anyone would be making from it (straight share-dealing). The transaction quantities are too small for it to be worth going in for a couple of pence rise. Yet it would seem some are doing that.

Well, I expect someone more experienced, more knowledgeable or just plain brighter will be along to put me right soon!

Cheers, Madison

Overall I think thats an excellent RNS update. Blimey what do people want Blood.

The drilling results are far better than those from Avocet mining in its infancy and that one went on from 19p to 100p within approx two years.

Miners can be frustrating stocks to hold patience is required.

cheers GF.

Madison,
The most common sense based post that I,v seen for along while. When you look at the very small volume of shares traded in any one day it would seem that, given the nature of day trading, you just could not make your money i.e. a 1pence rise in the share price if you held 100,000 shares would get you 1,000 there are few trades in this stock on a daily basis of 50k = 250 and usually a shift in share price of .25p to .75p is usual.

Loadsa

Thanks loadsa.

GF, like your comparison with Avocet! Yep, it does seem a lot of people are prepared to ignore all the positive factors with this company and determined to focus on anything that's questionable. A bit of decent investment and we'd soon breach previous sp highs.

Cheers, Madison

Sorry chaps - but yes I do find this share frustrating. A Good positive RNS - and still the share price falls.

Patience not my strong suit - but I will still hold

Baza

It's not the first time this share has fallen off the back of positive news. If this pattern holds and the release something really big, then we might all be able to top up at a favourable price.

Hate to think what would happen if we found a new untapped gold reserve... sp would probably plummet! lol

these low prices are good for the time being - means that we (I) can complete more research as things move ahead, and increase our stakes once (if?) we realise that the fundamentals are getting stronger.....then when the co. finds itself with lots of cash that it starts pumping into a potentially massive deposit, and the price moves northwards - one can begin to look for an exit point.....although it would still be better to wait until a mineable reserve was created (dependant on commodities prices)

the gold and silver results in today's RNS are extreme......but obviously i would like to see how the drillholes sit in relation to each other in a long section or on plan view.......seems like another high grade, small system like Diablito.

As for Guadalcazar......they have identified a hydrothermal system that was previously interpreted as an alluvial system - this is also quite significant.........
in general; alluvials are the piles of dirt/sediment that is dumped by a river - it is therefore secondary in regards to not being at the source of the mineralisation......but can still be lucrative - only thing is that pretty much all over the world, these "easily discovered" deposits have already been exploited.

The Hydrothermal system on the other hand, means that they can try to find the actual source of mineralisation ?, any higher-grade centres of mineralisation? or simply try to interpret what the actual hard-rock geology is doing and go from there.

Definition from the internet; [Hydrothermal - pertains to hot water or the action of heated water, often considered heated by magma or in association with magma.
Hydrothermal alteration - alteration of rocks or minerals by the reaction of hot water (and other fluids) with pre-existing rocks. The hot water is generally heated groundwater and dissolved minerals.]

i think that because VML is not producing great drill results for a deposit with a potentially massive mine-life (such as 20 yrs), the insitutions are not interested, and so it remains simply an exploration play.

....but as has been mentioned numerous times already (and will no doubt, be mentioned numerous times in the future).....a self-sourcing (financially) exploration company is so much better in terms of preserving shareholder wealth; than an exploration company that must dilute its shares by placings or JVs or straight-forward debt.....

Thanks for that belsice6.

Regarding Guadalcazar, do you think we shall learn anything very useful from the "programme of check assaying that is now underway" before the summer drilling?

The third drilling campaign at Mina Charay does not look likely to take too long - clearly the company is sticking to its strategy and going to get the cash rolling in as first priority. With high-grade mineralisation and shallow depth I shall look forward to the first cash projections.

Cheers, Madison

Hi Legend,
Watching closely, thanks for the tip. Will do some research.