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 done wilbs. It must have gone up on the Vane site minutes after I checked it! Nice to see the regulars still around.

Cheers, Madison

Well done Wilbs, just read your post. Many thanks. Di and Paul.

Its nice to see something of an update. I still have faith in the company and the management.
wilbs

Re: Post 922, Well sourced Wilbs, renews the faith
Loadsa

Wow, that was a big one! And a tick up.

proptrade, what, if anything, do you read into that?

Cheers, Madison

It was a B trade which I belive is a Block Trade? Is it an instution selling?

Broker to broker isn't it?

Sorry Madison, you were right.

'B' Broker to Broker
A transaction between two member firms where neither firm is registered as a market maker in The security in question and neither is a designated fund manager.

Went out for lunch. Came back to see an O buy of 1,749,999. One less than the B sell of 1,750,000!

Certainly makes me think. Proptrade, if you're around, do you see anything significant in these exceptional volumes?

Cheers, Madison

Tick up.... well something is happening... do we see mid twenties again ;)
Fingers crossed x

Topped up last week at 14p :)

Looks to me like a broker was short of stock and couldn't fill a order, so he had to get one of his buddies to help him out! lol the sp like it anyway...

From the companys web site...............

I just love this comapny's board, they just keep things in the eye with regular updates like this -

VANE Minerals plc (AIM: VML)
Update on Guadalcazar


Vane Minerals ("VANE" or "the Company") announces that it has successfully renegotiated the option payments for its major Guadalcazar exploration project, in the state of San Luis Potosi, Mexico.

VANE has deferred the US$300,000 payment due Minera Apolo SA de CV in June 2005, reducing this payment to US$30,000 with another payment of US$30,000 to be made in December 2005. The outstanding balance of US$240,000 will be due for payment in June 2006. The Company still retains the right to exit the agreement at any stage with no financial penalties.

Three to five further drilling targets are expected to emerge from the review of the first round drilling programme, completed at Guadalcazar last March. VANE expects to begin testing these areas at the end of the summer period.

Michael Spriggs, Chairman of VANE, commented, "This renegotiation is very good news for VANE as it gives us ample time to continue exploring this extensive project without incurring substantial costs other than those committed to direct exploration. This will allow us to concentrate on pursuing our strategy of identifying and developing the mineral potential of Guadalcazar."

Background:

Guadalcazar is a large, newly recognised hydrothermal system, previously thought to be alluvial until recently defined by the VANE team. The project comes directly from the Freeport-McMoRan Inc. Exploration Database that is available to the Company and therefore is subject to the agreement the Company has with Freeport-McMoRan (details of which can be found at the company's website www.vaneminerals.com). The exploration licence covers an area in excess of 20 sq km. Within this large area, through geochemical and geophysical sampling, the Company has identified drilling targets which the Company believes may reveal a large gold deposit.

Nice rise this morning. (The two larger "sells" being almost certainly buys.)

Uranium price moved up a little this week and we're due some news fairly soon...

Cheers, Madison

At last!! this one has been boring so far.

At last!! this one has been boring so far.

A few healthy buys coming in. Been a few weeks since we've seen that. Let's hope for some more.

Cheers, Madison

And up it goes!

Sudden amount of healthy interest in this today again?

Baza

any rumours about?

Blimey look at the volume. Is it rising in sympathy with that other uranium stock zareba or something like that?.

cheers GF.