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.

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......

Hi guys,
It beggers believe, what plonker buys 13,655 for 14.5 @1100hrs and then sells 13,655 for 14.07 @ 1339hrs?, a case of more money than sense I guess. What you might call a real grasp of the situation (NOT)
Loadsa

I believe there has been some happenings in London, nothing to serious by the sounds of it. Think he/she is playing it safe.

Daws

Hi loadsa, it happens every time on this share!

I agree about a steady incremental climb being preferable. But we just seem to have the usual group determined to short-term-trade there way into a gain of a few pence on every available occasion. (And we know who some of them are!)Which I don't object to - but as you say it beggars belief. (Didn't we have this conversation a few months back and actually work out how little they were making?)

As long as we get a sequence of higher lows I shall be happy.

Cheers, Madison

could be a write up in tommorrows ic


http://www.investorschronicle.co.uk/system/search/results.jsp

here it is :-)

VANE MINERALS (VML)
Climate change and the rising cost of energy has put nuclear power back in the limelight. And nowhere is it more popular than in the Far East, where China leads with nine completed power stations and another 10 under construction. France is another advocate, relying on nuclear power for close to 80 per cent of electricity production - in Europe, both France and Finland are proposing to build at least one more nuclear power station. And where there's more nuclear power production, there's more demand for uranium.

This news is important for Vane, which joined Aim via a placing at 11p in June 2004. It's important because the company is best-known as a silver and gold explorer - and now producer - in Mexico. This May, it announced that mining had started at its wholly-owned Diablito narrow-vein silver mine in western Mexico. In time, Vane hopes to earn profits of $250,000 a month, assuming output of 50 tonnes of ore a day. It has also completed a detailed geothermal survey of its 100 per cent-owned Guadalcazar property in east-central Mexico and identified at least eight drill targets.

But Vane's longer-term fortunes may be linked to the uranium resource acreage it has been busy pegging in northern Arizona. There, it has discovered 16 potential drilling targets and is keen to "dramatically increase" its uranium portfolio.

Ord price: 14.75p Market value: 21.6m
Touch: 14-15.5p 12-month High: 23.75p Low: 8p
Dividend yield: nil PE ratio: na
Net asset value: 9.5p Net cash: 2.34m

Year to Pre-tax Earnings Dividend
31 Dec profit (000) per share (p) per share (p)

2004* -599 -0.52 nil

Market makers: 5
Traded on Aim
Last IC view: 18 Mar 2005, page 38
*15 months

Positive cash flow and the uranium option increases Vane's attractions. Buy.

Lets have some investors in this one now please...........with a nice steady walk back up to the 20s. The management on this one is excellent things are looking brightly

Just going back to the copper news a minute...this from Bloomberg today...I see that inventories of copper monitored by the London Metal Exchange are at a 31-year low:

Oil, Copper Rise as Yuan Gain to Boost China Demand (Update6)

July 22 (Bloomberg) -- Crude oil and copper rose on expectations China will boost consumption of raw materials after the country revalued the yuan, making commodities priced in dollars cheaper to import.

``China now has more buying power to satisfy its appetite for commodities,'' said Mike Armbruster, co-founder of Altavest Worldwide Trading Inc. in Laguna Hills, California.

China Petroleum & Chemical Corp., the largest oil refiner in Asia, and Jiangxi Copper Co., the country's biggest producer of the metal, are among companies that will benefit from lower import costs. The nation is the largest oil consumer after the U.S. and the biggest nickel buyer after Japan.

Cheaper raw materials may accelerate demand already up from last year with the expansion of China's economy, which grew 9.5 percent in the second quarter and helped fuel a four-year surge in commodity prices. The Reuters/Jefferies CRB Index of 19 commodities rose to a 24-year high in March. Oil reached a record $62.10 a barrel on July 7, and copper touched a 16-year high last month.

China will value the yuan against a basket of currencies, the central bank said on its Web site yesterday. The new yuan rate strengthens the currency by 2.1 percent to 8.11 per U.S. dollar immediately, the People's Bank of China said. Until now, the yuan had been pegged at about 8.3 per dollar.

Cheaper Commodities

``Anything that makes commodities cheaper for China will stimulate demand,'' said Nick Moore, a metals analyst at ABN Amro Holding NV in London.

Crude oil for September delivery rose as much as 37 cents, or 0.7 percent, to $57.50 a barrel in electronic after-hours trading on the New York Mercantile Exchange. It traded at $57.43 a barrel at 11:41 a.m. Singapore time. Yesterday, the contract fell 89 cents, or 1.5 percent, to $57.13, having earlier traded at a five-week low of $56.50.

``This may allow China's refiners to return to some degree of profitability,'' said Gerard Burg, a minerals and energy economist at National Australia Bank Ltd. in Melbourne. ``We may see oil consumption in China rise as a result.''

The oil-import bill for China rose 42 percent to $15.2 billion in the first half, the state news agency Xinhua reported on July 11.

Every 1 percent appreciation may increase the 2005 net income of China Petroleum & Chemical, or Sinopec, by 3.5 percent, Fan Cheuk Wan, head of China research at ABN Amro Bank NV in Hong Kong said in a note to clients May 9.

`Good News'

A revaluation is ``good news for us because we buy oil in U.S. dollars,'' said Huang Wensheng, a spokesman for Beijing- based Sinopec. About ``21 percent of our oil is from domestic sources and 79 percent is imported. It will mean substantial savings for us.''

Copper futures for September delivery rose 1.25 cents, or 0.8 percent, to $1.5825 a pound in electronic trading on the Comex division of the New York Mercantile Exchange. Prices climbed as much as 0.9 percent yesterday to $1.606, the highest since a 16-year high of $1.61 on June 17.

The growth in China's industrial production accelerated to 16.8 percent in June from 16.6 percent in May, the Beijing-based National Statistics Bureau said this week. China's copper usage rose 3.1 percent in the four months ended April from a year earlier, the Lisbon-based International Copper Study Group said July 14.

Jiangxi Copper

``We buy large amounts of copper concentrates and equipment from overseas that are denominated in dollars,'' said Huang Dongfeng, corporate secretary of Jiangxi Copper. ``The 2 percent revaluation will help reduce costs by an estimated 50 to 60 million yuan a year.''

Inventories of copper monitored by the London Metal Exchange are at a 31-year low. Nickel prices for delivery in three months on the London Metal Exchange fell 2.4 percent to $14,050 a ton yesterday after rising as much as 0.9 percent.

``There's enormous strength in the Chinese economy and it's been a major driver of demand for metals,'' said Denis Couture, spokesman for Falconbridge Ltd., the world's third-largest nickel producer.

Cheers, Madison