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.

FROM NEXT WEEK, as you say maddison although there are reports like yours on other boards suggesting an earlier time frame. The fact is any way, were due news as the company says at the end of the first quarter.

cheers GF.

Announcement 7th of March 2005 from Vane.................

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. ENDS.

Are they refering here to the first quarter of the calendar year, or are they refering to the first quarter of the companys new financial year??????????????.

cheers Gf.

No just looked at the results again..................

VANE Minerals Plc (AIM: VML)
Financial Results for Period Ending December 2004

Its got to be after March therefore any time now. Are we agreed on that? as I dont wish to give any false optimism.

cheers GF.

Hi GF - agreed. Yep that's all I was trying to do - stop any false optimism. There's enough to be genuinely optimistic about.

Wow, that was a busy day!

Cheers, Madison

Hi Madison, cheers mate glad we got that sorted out.

Cheers GF.

From UK-A:

"Shares in Vane Minerals were unchanged at 23.25p after the share enjoyed a good run up into today's maiden final results statement. In the 15-month period to December 31st, the exploration company posted pre-tax losses of 598,693 pounds on nil turnover. At the end of the period the company had cash balances of 2.34 million pounds. The company said it remained on course with its declared strategy of generating early cash flow from its developing properties. While the thrust of the group's activities remained its developing gold-silver projects in Mexico, the company recently made application for gold-copper prospects in Paraguay and also for uranium licences in North America."

Nil turnover! Cash 2.34 million, market cap 24 million. Woops, lot of risk left in this fellow.............

Fair observation in a way, but the whole point of Diablito is to provide a cash flow. This is imminent, ahead of schedule and looks to be very promising. Coming up behind this is Guadalcazar with potentially a similar role.

What the results did provide, is New Resource estimates for Diablito.

Cheers, Madison

LOL hes a mate of mine wos having a tit for tat.

cheers gf.

VANE Minerals plc

Update on Uranium Interests

Vane Minerals ('VANE' or 'the Company') is continuing to make progress in
developing its portfolio of uranium exploration targets.

In the previous announcement (dated 7th March), VANE stated that a total of 35
uranium targets had been identified and were under evaluation, and that seven of
these had been successfully claimed. Since then, a number of these remaining
claim areas have been staked and three further claims have been granted.

However, the Company announces that adverse weather conditions causing road
closures, together with unavoidable external administrative delays, have
slightly delayed completion of this phase of the process. The Company expects to
have completed programme of target acquisition by the end of April.

The 35 properties identified are located within a uranium district with
significant past production as well as significant resources. Due to the
currently buoyant uranium market conditions, however, VANE continues to prefer
not to identify the location until completion of the Company's property
position.

Enquiries:

morning all,
You beat me to it tallsiii.
Still looking good even though with the delay. The wonders of nature!!!
wilbs

Morning Wilbs, more claims, but some delays. Will keep my fingers crossed till the end of the month.

Im a bit jittery with this one, but like you talsiii I will sit tight to the end of the month.

Still looks good though. More sells than buys. We need some excellent news to open the city's eyes to this one.
wilbs

Yea, I agree, and as I say I will sit tight. GF seems confident so thats good enough for me.

As soon as I open my mouth....she goes down. I will keep quiet now.
wilbs

LOL.

We had a bank of red Friday morning, then turned blue for the rest of the day. Let's hope for the same procedure today...

It always seemed pretty obvious that when news wasn't announced by the end of March that it was going to take a little longer. After all the publicity & discussion about that date I assume that the company would now not suggest the end of April unless they were confident.

At least this company keep you well informed, and as a progress report the delay is balanced by the information that the number of sites claimed has risen from seven to ten.

Cheers, Madison

Anyone know where GF is today?

Looks like we still have post result blues. THEY MUST BE MAD SELLING, we have a RNS re- to uranium propertys development coming up anytime. Price then could really lift off. They'l be Sorry.

cheers GF.

Check out Eureka mining thread 10x by christmas!