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.

Struggling to see your tickup loadsa! But an interesting start to the day...and a great newsflow to come over the next few months.

Cheers, Madison

Good morning Madison,

Mid price has moved from 14.75 to 15 showing on trades here and at The Share Center.

Loadsa

See what you mean loadsa. Was looking at the stockwatch midprice which remains on14.75.

Cheers, Madison

Steady buys as (hopefully long term) punters come aboard, overall blue so far

Loadsa

Vane will no doubt be a winner by the end of year...it is a good chance to BUY now

Just ticked up to 15.25 a nice steady rise today

Loadsa

I think even the usual crowd of short-termers might fancy their chances if they stay a while. With ma150 only a tick away some of the TAs may be attracted.

Cheers, Madison

I agree Madison but wouldn't it be great if they exceeded the expected tonnage/day.

Loadsa

Got a good write up in Shares Mag :-)

loadsa - it would indeed! Though what matters is for cashflow projections to become reality. I think that's been a barrier to some investors coming on board. But a barrier which is about to be lifted. One thing I like about this company is the multiplicity of routes available without the potential cash outlay that's so often required with miners.

I guess what many of us look forward to is more information coming through on the uranium front. The last uranium RNS was "We will announce further data on these properties as soon as they become available." That was on 3 May. Bear in mind that Vane only announced their uranium intentions on 7 March, less than five months ago. They've managed to come a long way on a lot of projects since then, keeping us well informed all the time. I think ultimately the sp will come to reflect this as the company matures.

I feel a further uranium update can't be too far off, whether it's further data on the present 16 sites obtained or news on another front. Let's hope so anyway.

Cheers, Madison

ps Oracles - which Shares mag? Do you mean last week's?

.....i hope he is talking about this thursday's edition.....

If Oracles is talking about this thursday's edition then he is indeed aptly named

Loadsa

A slow start but still in the right direction, definitely looking like long term punter's are getting on board. With so many informed people out there I guess it was just a matter of time for them to anyalise the available information. Could be that we will get a tick up shortly.

Loadsa

loadsa, all of my aussie (ASX) uranium plays have pretty much gone up 100 to 300% over the past couple of weeks.........and one of the companies put it down to a recent report and article in the US that was about the aussie uranium market and where uranium as a commodity was going in the future......

......so i would assume that VML might go up a little, from time to time, simply due to holding some uranium tenements.....however, for any real significant rise (that holds) - it really needs to get some cashflow from those 2 gold-veins, pump it into the uranium tenements, and come up with some uranium resource - even if it is small - because the way the uranium-sentiment is at the moment - it would skyrocket.....

even though this will all take time; the uranium price still has a peak to reach ('tis forecast to go at least another 30% higher than the current $29, within the next year or so).........

They look good to me and certainly there should be potential for a profit delivering mine which will fund the rest of the companys developments.

Im still holding my 7 tranches and will just let the share price do the talking.

I cant wait to see how the Uranium projects unfold but lets face it that could be a medium term story.

cheers GF

Hi GF
Have you been away or just taking a rest? Good to see you posting again.

belisce6
I agree with your assessment with regards to the importance of the uranium and its anticipated effect on the sp, but what really attracts me to vane is the sound business sense that the management is applying i.e. the whole thing will be self funding from here in, plus we shouldn't ignore the recent copper venture, when viewed allround the whole package make one unique and robust model, with huge potential

true

true x 2!

Still sticking in there guys. Think were going to make some nice money on this one, but as ever patience will pay dividends, not that I wont them LOL .

cheers GF.

A nice early start today, here's hoping it sets the trend for this trading period. Have a good day everyone.

Loadsa