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.

I would prefer belisce's analysis to my own - but in his absence my provisional take is as follows:

Five of the gold intercepts come up better than the previous max. for gold (36.82g/t) given back round 18 March. (62.87, 78.71, 109.04, 45.32, 74.25)

None of the silver figures come up to the previous high (706.2g/t), the closest being 524.5.

Market reaction predictable, with the same old short term traders taking it round in circles.

Company seems on course to do exactly what it has said it would do and generate a further source of good cash flow in addition to Diablito. Good news for long term holders but short termers' fun is over till the next RNS.

Just my humble opinion.

Cheers, Madison

big jump on friday as well. probably at the right level now

Good news does seem to consistently lead to a falling SP on this one!

Hi Madison.....thanks for the vote of confidence.....you now have me wanting to get stuck in with some major in-depth analyses.....

however, i am so busy trying to research as much else (other stocks) as possible, that i will wait for their resource estimate on Mina Charay........(have already missed out on Accuma and Biofuels - they were both sitting there staring at me, when they hit their recent lows - and i simply stared back, instead of buying.....ARRRGGGGHHH !!!)

the strike length, gold grade, and widths(??) at Mina Charay, seem to be similar to Diablito i think; although Diablito is slightly bigger at this stage (Mina - 240m strike length and 13 g/t Au grade with true ave. vein widths of about 1.2m versus Diablito - 300m? strike length and 12ishg/t Au grade with vein widths of between 1 to 3m); The Mina silver results seem much lower than Diablito - haven't really looked into the silver results though....

These gold results are quite good.........I mean; all of the last 9 holes drilled have intersected some medium to high-grade gold in a narrow vein system........so now it is simply all about how easy it will be to mine the crap out of it, and how much cash can be made......

i think that most of us are still waiting to read on the progress of Diablito, and perhaps the absence of any news in this regard, has caused a few punters to get out.......but i shall remain patient......

on the upside; If they can get both vein systems into production, and generating cash; there is always the potential that both of them will end up producing more than is budgeted......because with both systems they have mentioned that they are open in one direction.....but this is speculative and only something that could occur in the next year or two, when they decide to drill further along strike or depth.....

Hi belisce, thanks for that.

Yes, an update from Diablito would be good. Shouldn't be too long coming now. Just wish the hot money would find a home where its effect is less marked. On the other hand, you can see the attractions!

Cheers, Madison

From Uk Anaylist.com yesterday.

Vane Minerals shares lost 0.75p to 15p, despite house broker Seymour Pierce reiterating its "buy" stance on the stock. Analyst Charles Kernot responded to Monday's drilling programme update from its Mina Charay deposit in Sinaloa State in Mexico. A total of 27 holes were completed, varying in length from 24m to 103m, of which 19 intersected mineralisation. Strike length of approximately 240 metres was confirmed by the drilling, with mineralisation present at relatively shallow depths. Kernot said that, given that the deepest intersection being only 72.5 metres below the surface, he believed that the deposit could be mined using a simple open pit operation. Moreover, the deposit has sufficiently high grades to suggest that the rock could be sold as direct shipping ore, rather than needing first to be concentrated and refined. Seymour Pierce said it remained happy with the overall progress being made at Vane and said it would now like to see additional newsflow to come through over the coming months. The broker said that with Vane trading on a projected operating multiple of only around 11.7 times, based on its early expectations for Diablito, there was potentially little inclusion of value for either Mina Charay or any of the company's uranium projects. Consequently, it reiterated its "buy" recommendation.

wilbs

Thanks for that wilbs. That 's the way I looked at it in my rough calculations (post 839 and before) - "potentially little inclusion of value for either Mina Charay or any of the company's uranium projects."

Cheers, Madison

Yet another sound move by vml management,
VANE Minerals plc (AIM: VML)

Acquisition of the Choix Copper Prospect

VANE Minerals PLC ('VANE' or 'the Company') today announces the acquisition by
its wholly owned subsidiary, Minerales VANE SA de CV, of the Choix copper
prospect located near the town of Choix in the northern part of the State of
Sinaloa, Mexico. The Choix prospect is 100% owned by Minerales VANE SA de CV,
with only a finder's fee obligation of US$250,000 payable over the next three
years. The Choix prospect comprises 354 hectares and is an undrilled copper
target located at the southern end of the prolific Arizona-Mexico porphyry
copper belt.

Eighty surface samples have been collected over an area measuring 600 metres by
500 metres and assayed for copper, gold, silver, lead and zinc. Copper values
over 1.0% were obtained in 25 samples, while values between 0.5% and 1.0% copper
were found in an additional 17 samples. Copper minerals observed were primary
chalcocite, digenite and bornite which are partly oxidized to chrysocolla,
tenorite and malachite. Gold values range up to 0.2 ppm while lead and zinc
values are generally low, less than 0.2% and 0.5% respectively. Copper sulphide
mineralisation and their oxidation products occur as veinlets and breccias in
intrusive granite porphyry outcrops which are surrounded by significant areas of
thin colluvial cover.

The terms of the finder's fee are set out below:

$10,000 on the 1st January 2006
$15,000 on the 1st July 2006
$20,000 on the 1st January 2007
$30,000 on the 1st July 2007
$40,000 on the 1st January 2008
$135,000 on the 1st July 2008

VANE has the right to terminate the deal at any time without financial penalty
or further obligations.

Michael Spriggs, Chairman of VANE, commented, 'We are very pleased to have
discovered this promising project. Despite the abundant and widespread nature of
the outcrops of unusually high grade rock and the proximity of almost all
important infrastructure there are no signs of any previous drilling or
systematic sampling anywhere on the property. A mapping, sampling, geophysical
and drilling program is being developed for this readily accessible copper
target.'

It seems to me that there is great potential strength in vane's holdings all the building blocks are in place for a very robust mineral exploration venture, the only ingredient we now await is the excitment of fulfilled expectations. What a prospect this share is.

loadsa

Yes, excellent news again. The finder's fees will hardly break the bank and they can terminate if required. Copper demand looks set to rise.

Cheers, Madison

A nice set of buys coming in now, though no tick up yet, given the volitility of the sp of late and the size of the individual buy I rather think these will be long term investors taking a punt. Its good to see.

loadsa

There she goes the first tick up of the day.

Loadsa

Yes, couldn't resist adding a few at this price. I suspect the usual croud will be in for a flutter today and out soon after, but gradually the strength of the core story will attract a few more longtermers. Hope so anyway. Off for a swim - that always seems to work a treat for vml.

Cheers, Madison

Lookin good today, plenty of buys. Everything still going to plan, happy to be holding :-)

Another 28 percenter like the other day? LOL

Me, I'd rather see a steady incremental climb that is sustainable until the real news breaks, then I'll expect an explosive growth in the sp

Loadsa

lol madison!

Have learnt to be patient with my shares these days... do take out the odd spreadbet now and again though! 28% would be great but i'm just happy with the company progressing. Everything that was set out by Vane is being achieved, one of the few companys that does what it says. Really looking forward to what direction we take in regards to our uranium assets.

Daws

Hi dawsinho
Up date from Diablito must be due soon, It will be interesting to see what return is forth coming as I believe that the management at Vane are mapping a very sure course in how they go about their business.
Loadsa

Do we know if there is going to be any press over the weekend?

Hey loadsa,

MS seemed very encouraged by the progress made at diablito in the last update (two and a half months ago) and did comment on giving regular updates.
Vanes management have had a sound business plan from day one, this is one of the things that attracted me to them. They set out there stall and so far so good. The market has been flooded by to many pie in the sky companys who have to rely on placements to fund drilling. what we're looking at is a soon to be self funded business, who of course have the holy bible to guide them (Freeport Exploration Database)!!! :-)

this is cool..........

.......just want them to pop one drill-hole in the centre of the copper target and come up with some good numbers;

.......then to announce that Diablito is on-target;

.......then to announce a minable cash-generative gold resource at Mina Charay;

.......then to announce some decent preliminary numbers from Guadalcazar, and uranium tenements;

the potential still remains !!!!

these old-timers (well from what i remember almost all of the directors are into their 60's) seem to know what they are doing...........and if the potential starts to be realised, then it is only a matter of whether the recent commodity boom is in fact part of a longer commodities supercycle - in which case, VML could go to phenomenal heights......