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.

Support found IMO. All buys today.

Yesterday & today we had a sell @12.5p so you never know.... have been in and out of this share a couple of times (first time I bought, it was at 22p!)

Although does look like it's on a comeback... bid from 13.15 this morning to 13.45... maybe time to topup lets see.....

Edward, what makes you say "All buys today." ?

To me it looks more like the MMs have raised the price despite selling. (Which is sometimes more interesting!)

Cheers, Madison

OK, just taken a look over the road and I see the buy claims.

Cheers, Madison

When this gonna find its feet again? 11.5? I know no news is the cause of the drift but it takes some balls to hold this from over 20p. I got in in the mid teens but would feel a bit more content when it levels out...........

There are a lot of us that got in around the 20p mark. Hanging on for the long term.

afternoon tallsiii...

these things need a bloody announcement!

Commodity plays are still well down. I have been watching and waiting on this one, but would prefer to see a rise before I go in. IC recommended this @ 17p. Oh dear!

rgrds
gk

thought it might bounce at this level, but the real key is holding onto the gains..........fingers crossed

The faithless are returning - all buys today so far with a rise in the sp.

VML is looking up now...still looks cheap at 13.5p

Back upto 14p lol :) hmmm knew I should have bought in @12.50p of well.... better late than never!

Starfrog - what an apt description! Why do I keep thinking about sheep? Let's just hope that somewhere amongst the fickle croud are one or two in for the longer term. Or we shall go round in circles for a while yet.

Cheers, Madison

wow, just turned on my pc and were up 20 plus % happy days..

Im a bit more content now

I'm cautiously relieved! (But waiting for the exit of short-term traders making their pennies this afternoon or soon after).

Well done to all who've held their nerve recently. Plenty of news to come from an excellent company. Let's hope this time it sends the sp UP!

Cheers, Madison

and i was contemplating getting some more of VML at close to 11p, or more of SEO......then VML decided to go up some 25%.....bummer !!!

Both SEO and VML will have a good future.

Vane Minerals In The Press
Minesite.com, by Sally White : Vane Minerals Can Now Use Production Cash Flow To Accelerate Exploration
Just one year on from its float, and one circuit of its fantastic data bank, Vane Minerals is about to deliver on one half of its strategy at least. Mining has started at its Mexican gold-silver Diablito project, and should soon be generating sufficient cash to cover its exploration costs going forward. Housebroker Seymour Pierce says that output of 50 tonnes a day is expected to generate some US$250,000 a month of pre-tax profit. In the meantime Vane is still sitting on over 2million of its net 3.3 million float money.
As chairman, Michael Spriggs says, Vane is rare among the mining juniors in managing to be within budget and ahead of schedule and with a cash flow!

Latest addition to the Vane portfolio has been the first quarters diversification into uranium. As commercial director Matthew Idiens, formerly a broker with Laing and Cruickshank, says, there seems attractive upside for uranium given soaring oil prices. Some people are suggesting US$100/lb against todays US$29, and while I think that may be a bit too far, there seems to us to be plenty of potential.

Nuclear power may not be too much in favour in the West, but in China and South East Asia there are no such qualms. So, given past lack of exploration, says Spriggs, Vanes strategy is based on the view that it may not be too long before uranium supplies, too, could be experiencing shortfalls.

Vane is now looking around for more uranium prospects. The first has just been disclosed as being in Arizona. Vane has exploration rights to 16 properties there, and has a number of other uranium properties under review. Vane will probably restrict the search to the US, as the country has user-friendly uranium policies.

That, and the rest of Vanes portfolio of projects, has been extracted from the vast pile of exploration files accumulated by Freeport and its subsidiaries since 1907. There are 7,000 files, each containing data on more and more mining projects the spread is global. The deal is Vane gets to explore the files, and in return Freeport gets an option to become an equity partner.

Given the home teams copper expertise, a copper mine is the next target. Clark Arnold, one of its executive directors, worked with the legendry David Lowell at the time his porphyry copper prospecting method led to discoveries of Arizonas Santa Cruz and Chiles Escondida.

Idiens thinks they have probably got the top picks out of the Freeport list. Vanes method has been to home in on low production years, such as the World War II time, when mining activity was at low ebb. But they are giving it another run through, just in case! Since so much of Vanes team has a Freeport background, renewal of the annual agreement is unlikely to present problems.

Second part of Vanes strategy has been to build a portfolio of major mineral discoveries that could tempt the majors. Work on this is coming along nicely, too.

Last month it announced that the first round of exploration drilling at its Guadalcazar project in Mexico had confirmed widespread gold and silver mineralisation as high as 0.5 g/t of gold and 38 g/t of silver. So more work is being done exploring there. Vane is also very encouraged with progress being made at Mina Charay, also in Mexico. Its a good safe place to work, not like some of the funny places mining minors get to says Spriggs. It, too, shows strong mineralisation - a vein of up to 38.82 g/t of gold and 706 g/t of silver has been indicated.

Vane has also identified gold and copper targets in Paraguay. It has gone for three large concessions in east central Paraguay, totalling 3,800 sq. kilometres. At least 22 gold and gold/copper geochemical anomalies have been identified there. The company has started life on AIM at a fast pace and should now be well funded to accelerate exploration.

http://www.vaneminerals.com/?page=PapersSingle&id=94

wilbs

lol ditto