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.

Thanks GF have allready checked that one out.

prelims out this morning

Price as responded positively.

cheers GF.

I do remember GF in a PM you sent me that you predicted 2006 should be a good year for Vane and i have to admit i was begining to have my doubts ,not now though!

Vane Minerals PLC
06 April 2006


VANE Minerals Plc (AIM: VML)
('VANE' or 'the Company')

Financial Results for Period Ending December 2005


REPORT HIGHLIGHTS

Diablito mine now in production producing gross revenues of $420k per month

Investigations underway to secure milling facilities close to Diablito mine

Significant progress made in securing exploration rights for uranium
properties in the USA

New drilling programme to be started shortly at Guadalcazar

Strong multiple vein system identified at Mina Charay

Mineral investigation permits granted in Paraguay


Steven Van Nort, Chief Executive Officer of VANE, says '2005 was a
transformational year for the Company as we made the move from being a pure
exploration company to being a producer, with the successful development of our
first gold and silver mine in Mexico. We are now in an enviable position,
combining the cash flow of our producing operation with an exciting exploration
portfolio, offering exposure to gold, silver, copper and uranium. We are proving
our ability to deliver on our objectives and we look forward to further
successful progress in 2006 with confidence.'

CHAIRMAN'S STATEMENT

The stated objective of VANE Minerals plc ('VANE' or 'The Company'), announced
at the time of listing in June 2004, was to become a self-funding mineral
exploration group with the capability of evaluating a large number of attractive
targets over an extended period of time in order to maximise the chances of a
major mineral discovery.

The initial step was to identify a project which could be brought rapidly into
production to provide revenue towards funding the exploration necessary to
identify, acquire and evaluate projects with high value potential.

VANE is now well on its way to achieving this objective, as tunnelling commenced
on 19 March 2005 at the Diablito silver-gold mine in the State of Nayarit,
Mexico, and ore for the first mill test was shipped in July 2005. By year end
the mine had produced and shipped over 6,600 tons of high grade ore to a custom
mill in Cosala, State of Sinaloa, Mexico. Revenue generated through the sale of
concentrates is now helping to fund development work across the Company's
portfolio of gold, silver, copper, and most recently uranium, properties in
Mexico, Paraguay and the US.

Underpinning these initiatives, the Company confirmed in January 2005 a further
12-month extension (to 30 June 2006) of its agreement with Freeport McMoRan
Copper and Gold Inc. providing exclusive access to the latter's international
exploration database (excluding Indonesia). Potential targets continue to emerge
from this invaluable source.


DIABLITO

Diablito is currently producing at a rate of approximately 1,500 tons per month
to provide gross revenues of some $420,000 per month. Current indicated,
measured and inferred resources are sufficient to sustain production at this
rate for more than five years.

A drilling campaign that will commence in the second quarter of 2006 is designed
to expand the resource down dip to the south as well as exploring offset
portions of the vein along strike to the east and west.

Also being evaluated is the possibility of installing our own flotation mill at
a location much closer to the Diablito mine than the Cosala facility. In
addition to eliminating scheduling bottle necks at the custom mill, such a
facility would greatly reduce overall costs, especially transportation costs.


GUADALCAZAR

A widely spaced 12-hole drilling programme was completed during the year in
which anomalous gold values, averaging approximately 0.1 g/T gold, were
consistently intersected in all 12 holes covering an area 4.5 km by 1.5 km. Due
to the very large area, the resource thus defined by the widely spaced drilling
amounts to some 4 million oz of gold; however, no intervals were encountered
that could be mined profitably at current metal prices.

We are encouraged by the unusual size and continuity of the mineral system and
have scheduled four to six additional holes, to follow the additional drilling
at Diablito, in an effort to locate the feeder zones or to define an area of
more intense gold mineralisation within the volcanic tuff. The Guadalcazar
agreement with Minera Apolo SA de CV has been renegotiated so that most of the
$300,000 option payment due in October 2005 has been postponed until October
2006.


MINA CHARAY

The Mina Charay project in the State of Sinaloa, Mexico was initially acquired
because of its potential for a large, low grade bulk mineable, heap leachable
gold occurrence. A total of 27 drill holes have now been completed at Mina
Charay as well as geophysical surveys.

Although extensive bulk mineable mineralisation was not intersected, the initial
drilling has indicated a strong, multiple vein system extending in a east-west
direction for 250 metres between two low grade mineralised breccia zones. The
veins are vertical to steeply dipping. The indicated grade, based on 19 vein
intersections, all at depths of less than 50 metres, average 12.6 g/T gold and
101 g/T Ag offering good potential for the development of a second small, but
profitable mine.

The VANE team is currently re-negotiating the option to purchase agreement to
reflect operation of a small underground vein mine versus a bulk tonnage
deposit. A pre-feasibility study including bench scale flotation tests on drill
core is underway, the results of which will determine whether the Charay ore
should be leached on site or treated at a near-by custom mill, possibly VANE's
own mill that would be located near Diablito. This study is expected to be
completed early in the second quarter 2006.


CHOIX COPPER PROJECT

The Choix copper prospect in the State of Sinaloa, Mexico, was acquired in July
2005 following a prospect examination and a review of previous work undertaken
by Cambior Corporation Limited. Despite strong surface indications of copper
mineralisation, Choix had never been systematically evaluated. The prospect
represented a very attractive, easily accessible undrilled copper target, which
was inexpensively acquired and quickly tested, with overall expenditure of less
than US$100,000.

Following detailed geological field work, a six-hole drilling programme was
carried out in the fourth quarter of 2005. The assay results from this drilling
completed in December 2005 were disappointing. They indicated that the strongly
mineralised porphyry outcrops at surface lacked 'roots' and were actually
isolated xenoliths or blocks 'floating' upon the underlying batholithic rocks.

In March 2006 the Company announced that it had discharged all obligations
regarding this property and that it will cease its interest in Choix.


PARAGUAY

South-eastern Paraguay is geologically part of the mineral rich Brazilian
Precambrian Shield but has seen only limited mineral exploration. Anomalous
concentrations of gold in no less than 22 areas were recognised and delineated
on a reconnaissance scale during a diamond exploration programme of stream
sediment sampling carried out during the 1990's by Rex Diamond Corp ('Rex'). Rex
found no evidence of diamond potential and declined to pursue the gold
anomalies.

Based on this earlier work, VANE Minerals Sucursal Paraguay applied for, and in
July received, three Mineral Investigation Permits covering 3,800 km2 in
south-eastern Paraguay. With the permits in hand, field work, primarily
consisting of soil geochemistry, was initiated in the area, which is
characterised by deep, soil profiles.

Results to date have confirmed the earlier stream sediment work and outlined
several very prospective areas, one of which measures 14 km by 6 km. In-fill
sampling will continue to more accurately define the gold anomalies and identify
targets for later drilling. Investigation permits are valid until 12 September
2006, at which time we will be required to reduce the size of our land holdings
and annual rental fees will commence.


URANIUM PROJECTS

Based on the resurgence of the uranium market reflecting a growing supply-demand
imbalance and long-term forecasts predicting a growing uranium supply shortage,
VANE decided in 2004 to diversify its project portfolio by entering into the
uranium exploration and development business. By the end of 2004 the company had
acquired seven attractive properties in the breccia pipe district of northern
Arizona. In January 2005 VANE Minerals (US) LLC was formed as a Delaware Limited
Liability Company to carry forward the Company's uranium exploration and
development business. Since November 2004 the price of uranium has risen
steadily from US$19.50 per pound to US$40.50 per pound, or within US$3.10 of its
all-time high of US$43.60 per pound in 1979.

2005 saw a rapid growth in our property portfolio which by the end of the year
had grown to include 20 properties. Three additional properties have been added
since January 2006 to bring the current total to 23. The Company has focused its
efforts on the Colorado Plateau Uranium District, which, in addition to
significant historic production, presently includes two permitted uranium mills
both of which are now in restart phase. Highest priority is assigned to
properties that are either at, or near, the resource stage or undrilled or
partially drilled exploration targets exhibiting favourable geology.

4 of the 19 prospects held in northern Arizona are drill-confirmed breccia
pipes, one of which, the Miller pipe, has been confirmed by deep drilling to
contain an ore-grade intercept of 1.78% U3O8. The remaining 15 prospects exhibit
pipe-like characteristics on the surface but will require drilling to assess
their potential. Historically, breccia pipes in the Arizona district that
contained economic uranium mineralisation produced from 1 million to 5 million
pounds of U3O8.

In central Arizona, VANE has acquired rights to an inactive tailings pond
believed, on the basis of historic records, to contain 180,000 pounds of U3O8.
An evaluation is underway to verify the uranium content of the tailings as well
as the economics of transporting this material to one of the mills on the
Colorado Plateau.

In southeastern Utah our efforts have resulted in acquisition of three uranium
properties in which uranium mineralisation is controlled by paleo stream
channels rather than by breccia pipes. Deposits of this type are typically of
lower grade than the breccia pipes but involve lower production costs and
historically have proven to be very productive. The Happy Jack property produced
a total of 3.1 million pounds of U3O8 and presently contains a drill indicated
resource of 155,000 pounds of U3O8. VANE geologists believe the Happy Jack
property has the potential for development of one million pounds of U3O8. The
North Wash project has a drilled resource of 150,000 pounds of U3O8 and appears
to carry a significant vanadium credit based on historical assays; core drilling
and assaying will be required to accurately assess the value of the contained
vanadium. 'Section 2' property is a Utah State lease of 876 acres, undrilled but
situated along a favourable mineral trend.

By the end of March 2006, VANE has assembled a portfolio of 23 projects having
305,000 pounds of U3O8 resources for a total cost of under $200,000. The
Company is pleased with the progress to date and looks forward to evaluating the
considerable upside potential of the property portfolio.

During 2006, your Company will continue to seek promising projects at a
reasonable cost and commence drilling programmes on several breccia pipe
prospects. We also plan to complete core drilling on our North Wash project to
define the vanadium resource and complete auger drilling on the Arizona tailings
to verify the uranium content. Our acquisition efforts will continue to focus on
properties in western United States having indicated or proven uranium resources
as well as strong exploration potential.


SUMMARY

In common with many other AIM listed companies, VANE's share price over the
period under review has reflected the general volatility in the junior mining
sector. This has occurred against a backdrop of unbroken strength in commodity
markets, fuelled by continuing growth in demand from China, India and other
major developing economies. At the smaller-cap end of the mining market,
however, this has triggered an unprecedented flow of new companies to the AIM
market, placing undue pressure on funding sources.

With established assets, cash flow generation at Diablito and a proven track
record of delivering on its objectives, VANE Minerals can differentiate itself
clearly from most other early stage exploration companies.

We believe strongly that, with our determined exploration approach directed by a
seasoned international team of geologists, cash flow from Diablito and
potentially Mina Charay, and access to a unique portfolio of exploration
opportunities, Vane Minerals has an enviable position among mineral exploration
companies.

We thank our fellow directors for their enthusiastic and energetic contributions
and our shareholders for their continuing support for a Company which has
demonstrated its ability to deliver its stated promises and which, we firmly
believe, is now poised to deliver further exciting growth.


Michael Spriggs Steven D. Van Nort
Chairman Chief Executive Officer

GF, I've almost abandoned posting on this (and many others) because of the negative bias BUT....

COMPARE THIS:

Vane Minerals PLC
16 January 2006

Revenue generated at Diablito

VANE Minerals Plc ('VANE' or 'The Company') reports that the revenue stream
anticipated from the sale of Diablito's silver/gold concentrates has now
commenced with the first shipment of concentrates in December 2005. Continuationof these revenues, which it is estimated will average US$200,000 per month, will achieve VANE's objective of fully funding the group's current foreseeableexploration activities.

WITH THIS:

Vane Minerals PLC
06 April 2006

Diablito mine now in production producing gross revenues of $420k per month

Diablito is currently producing at a rate of approximately 1,500 tons per month
to provide gross revenues of some $420,000 per month. Current indicated,
measured and inferred resources are sufficient to sustain production at this
rate for more than five years.


NOW if that had been the other way around (a reduction in the revenue figure) the boards would have been swarming with criticism and doom. As for the other figures that will take me a little longer to digest.

Cheers, Madison

Hi All, Just recieved this. A nice condensation of yesterdays news
Vane Minerals In The Press
Sharecast : Diablito gives Vane confidence for 2006
LONDON (SHARECAST) - Vane Minerals edged ahead this morning as it said the Diablito silver-gold mine in Mexico is currently providing gross revenues of some $420,000 per month.

Diablito is producing at a rate of approximately 1,500 tons per month, with current indicated, measured and inferred resources sufficient to sustain production at this rate for more than five years.

A drilling campaign due to start in the second quarter is designed to expand the resource down dip to the south as well as exploring offset portions of the vein along strike to the east and west.

The AIM listed group reported revenue for the 12 months to 31 December of 286,000 and a pre-tax loss of 928,000, out from almost 600,000 a year ago.

Significant progress has also been made in securing exploration rights for uranium properties in the US, it added, while a new drilling programme is to begin shortly at Guadalcazar.

Initial drilling has indicated a strong, multiple vein system at the Mina Charay project, while mineral investigation permits have been granted in Paraguay.

Chief executive Steven Van Nort said, "2005 was a transformational year for the company as we made the move from being a pure exploration company to being a producer, with the successful development of our first gold and silver mine in Mexico."

"We are now in an enviable position, combining the cash flow of our producing operation with an exciting exploration portfolio, offering exposure to gold, silver, copper and uranium."

"We are proving our ability to deliver on our objectives and we look forward to further successful progress in 2006 with confidence," he added.

Cheers
Loadsa

VML is set to go north soon based on its cashflow and wide exposure to gold, silver, copper and uranium

I hope so hlyeo if VML can`t move up in these favourable market conditions when will it?

Some upward move today

Was in VML earlier this year and confess it is a very dull stock indeed ..... No movement in any direction so bailed out ..... There have to be better plays for uranium, though it is not a metal i follow in particular ...... However, take a look at CER who have a substantial interest in a uranium mining co (Eureke = EKA) or for a more spivvy stock, Galahad (GLA) who also seem to have a decent stake in a uranium mining co

Cynic,

I have been having similar thoughts about VML. I haven't bought this stock, and certainly don't wish to offend anyone who sees things differently from me, but it just seems to me that the case for buying this one isn't as strong as for other miners out there. A lot of Vane's recent exploration seems to have produced results that indicated that the prospects weren't commercial, e.g. Choix copper turned out to be a bust. What positive newsflow there has been hasn't been strong enough to make an investment seem attractive.

I agree that GLA is a strong prospect, although arguably the aces in its hand are centred on nickel, molybdenum, etc - the uranium prospect is attractive in itself but will ultimately be only a small proportion of the overall portfolio. The forthcoming Uramin floatation might be worth a look for anyone wishing to concentrate purely on uranium. I quote from post #28 on the GLA thread, or click on http://www.smallcompanies.co.uk/aim/news/21943/uranium-float-seeks-40m.thtml
: "Uramin, . . . has rights to deposits of an estimated 100 million-to-260 million lbs of uranium in South Africa and Namibia . . . " (GLA owns 16% of Uramin).


I suggest Ridge Mining (RDG) as another good tiddler, centred on Gold and platinum group metals plus a fairly exciting nickel deposit. Toledo Mining Corp (TMC) is also a strong prospect based on its nickel assets.

My gut feeling says that uranium is a useful resource in a mining company's asset portfolio, but that in many cases the deposits/suggested reserves don't seem to be large enough to create companies with several hundred million market cap. For that kind of performance, you have to look at large base metal or gold deposits.

Sorry, HLYeo and Goldfinger - you come up with some excellent companies on a regular basis, but VML would have to work a lot harder to convince me that it is one of them.

All IMO, DYOR, etc.

Cynic, Im glad you see the attractiveness of GLA! Recent fall in sp has nothing to do with GLA directly and all related to InterMoly!

Well as usual points noted chaps and you may well be right, but Im a patient type and Ill stick with this one.

cheers GF.

Promising and encouraging article in the Shares Mag today.

Whats the body of it Hlyeo98 please?.

Cheers GF.

Goldfinger...shares mag had a big article about resource shares and they rated VML better than GFM and KMR which I have some of both...lunchtime I bought into VML and already up 10% :-))))))))))))))))))

On iii there is a hint that there is a board meeting today that may yield some info....unfortunately the posters don't inspire me with confidence......

now up 14.5%

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time