Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nice find 'major supply-demand deficit ' Lets hope Vane's find proves to be commercially viable
Vane minerals presenting at proactive investors in London 22nd Feb 2012. Is anybody going?
I gave up the gambling a long time ago. I'm no good at it. Yes I'm still in BEM. I'm not selling ANY shares, just buying at the moment
Absolutely, even before this it should have been about 2.5p. Hopefully we'll start getting back to the real value of the company. Worth noting that unlike most explorers, Vane are part funded through there gold and silver venture
not too late to get back on, mate. This has got a loooong way to go yet. I'm totally over the moon with this RNS. It vindicates the BoD's approach and proves they were right about poryphry deposits underground.
Press Release 3-February-2012 Copper exploration drilling update VANE confirms that it has drilled a copper-molybdenum porphyry system at its McGhee Peak project. Drilling continues at McGhee Peak which is located on the Hillsboro-Chino-Tyrone-Bisbee porphyry mineral trend in southwest New Mexico. The drilling has discovered two mineralised targets located approximately one mile apart within a clearly identified porphyry system, containing copper, molybdenum and zinc. Highlights Two rotary holes completed with a third being re-drilled Mineralised copper, molybdenum and zinc (Mo Zn Cu) porphyry system encountered o Copper values in the range of 300-600 ppm o Zinc values greater than 200 ppm o Visible molybdenite encountered in hole subsequently lost due to caving and therefore being re-drilled Further drilling being undertaken to determine if economically viable higher grade mineralisation is present David Newton, CEO of VANE, commented: "These are encouraging results, showing a mineralised porphyry and confirming our geological theory that the porphyry systems that have been successfully discovered and mined at surface in this part of the U.S., also occur at depth. Further drilling is required over the coming months to confirm whether this porphyry has economic potential. This successful drilling result at what is only our third project on this very favourable mineral trend gives us confidence of further exploration success in our remaining projects. " Three McGhee Peak holes have been drilled and are in various stages of completion. Holes MP-2 and MP-3 are located in the north target area approximately half a mile apart. Both holes intersected a silicified porphyry intrusion with encouraging alteration and vein-type copper, molybdenum, tungsten and zinc mineralisation. Hole MP-2 intersected anomalous copper values in the range of 300-600 ppm to a depth of about 380 feet. Higher zinc values greater than 200 ppm were found below a depth of about 580 feet. This hole (MP-2) is presently being deepened in order to pursue visible Mo-Zn-Cu mineralization observed near the depth of 1,300 feet. Hole MP-3 also intersected the underlying porphyry body. Assay results are pending from this hole, which showed visible indications of zinc and weak molybdenum mineralisation to its completed depth of 1,508 feet. Hole MP-1, located approximately 1 mile to the south, was designed to test the southern mineralised target area. The hole was lost at a depth of 360 feet. Encouraging alteration with anomalous copper and visible molybdenite was encountered before bad ground conditions prevented continuation of the hole. A plan is in effect to re-drill the hole in order to test the projected porphyry target below 1,000 feet. Results to date from drill hole and surface geology/geochemistry/geophysics are encouraging, in that a larger mineralised porphyry system encompassing both the north and south targe
Last Friday, the United States Department of Energy announced a new funding initiative for manufacturing small modular nuclear reactors in the US. The objective of the draft Funding Opportunity Announcement (FOA) is to permit agreements with private industry to share costs on the design and licensing of small modular nuclear reactors. The draft FOA is a working document soliciting input from industry to promote leading edge design certification, licensing and engineering. Mitigating environmental and public safety threats At approximately one-third the size of nuclear power plants currently operating in the US, small modular reactors can be advantageous in diversifying safety and environmental risks. Many larger nuclear power plants have active safety features that require human interaction to function properly. Small modular nuclear reactors are often designed to employ passive safety features engineered to work on physical laws. These inherent safety features often require fewer moveable parts to operate safely. Small modular nuclear reactors are also manufactured in factories and then transported to sites which reduce constraints on capital and construction times. Smaller sizes also improve the adaptability for utilities to scale for different electric grids and situations that would not otherwise demand large reactors....Potential changes for uranium producers The potential of greater flexibly and higher efficiencies will change the nuclear industry and could result in a more rapid and responsive deployment of uranium fuel. Utilities may not need to build inventory of uranium fuel supply. The result could mean an increase in smaller transacted volumes and relative increased frequency on uranium orders. An increased demand for uranium will certainly be a positive catalyst for prices as the growing global demand and constrained supply becomes realized by the market. Eventually this could make additional uranium exploration and development projects much more interesting as underlying resources demonstrate highly compelling valuations. http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=504070&_Type=Market-Commentary&_Title=United-States-Investing-in-Small-Modular-Nuclear-Reactors
odd trade: somebody has just paid 1.30 for 100,000 shares
'Following the earthquake and tsunami in Japan last March, France launched an immediate review of its nuclear facilities and operations. The results of the operational review by France's nuclear safety regulator, the Autorité De Sûreté Nucléaire, were released at the beginning of the year confirming a positive report for the industry. ...The review indicates that all the facilities examined offer a sufficient level of safety not to require a shutdown for any of them although an increase in the safety measures to account for extreme situations, beyond their existing safety margins should be implemented...Last year Germany made policy decisions to gradually phase out nuclear energy; however, it remains unclear how the country will replace as much as 29 percent of its current electricity demand. If Germany does not reconsider these plans, France may find a potential export market for its nuclear energy....Despite price volatility affecting the uranium spot market throughout last year, higher spot volume prevailed to set a new record of 45.8 million pounds for the year, surpassing spot transaction volume of 42.8 million pounds of uranium in 2010, the highest level recorded in two decades.' http://www.u3o8.biz/s/MarketCommentary.asp?ReportID=501520&_Type=Market-Commentary&_Title=France-reaffirms-nuclear-future-point-of-political-debate
lol still a long way to go with this. I'm planning a top up at the month end
That and the RNS last week about Rose pipe. 6 out of 8 holes there have encountered >1% uranium. The only missing piece to truly launch this is a good copper find
VANE Minerals Plc ("VANE" or the "Company") Directors' shareholdings The Directors of VANE were notified on 13 January 2012 that earlier that day the following Directors purchased ordinary shares in the Company ("Ordinary Shares") as follows: Director Number of Ordinary Shares purchased Purchase price paid per Ordinary Share (pence) Total number of Ordinary Shares interested in Total % of VANE's issued share capital David Newton, CEO* 227,515 0.89 727,515 0.16 Matthew Idiens, Director 1,000,000 500,000 Ordinary Shares at 0.8p and 500,000 Ordinary Shares at 0.875p 15,805,880 3.57 * held through David Newton's self-invested pension plan
And share buying from the directors. excellent: 13-Jan-12 Buy Richard Needham 0.82 GBX 580,000 2330000
thanks for posting the rns, I've just got back from a 4 hour drive from hampshire to the midlands so I would have missed it
congratulations, that's an excellent start to the year
not sure to be honest, FTSE is up, nothing special in the news but a lot of small cap miners and oilies seem to be taking a beating today. BAO down 4.69%, BEM down 4.42%, CNR down 4%, THR down 10.26%, VOG down 1.06%, WLFE down 2.27%...SNRP, OTC, SOLG, JLP all down
The evil villains in James Bond movies are being blamed for casting a long-lasting shadow over the image of nuclear power, says the president of the Royal Society of Chemistry. Prof David Phillips says that Dr No, with his personal nuclear reactor, helped to create a "remorselessly grim" reputation for atomic energy. Prof Phillips was speaking ahead of the 50th anniversary of the movie. The chemistry organisation says it wants a "renaissance" in nuclear power. Prof Phillips says the popularity of the Dr No movie from 1962 created an enduringly negative image of nuclear power - as something dangerous that could be wielded by megalomaniacs with aspirations to world domination.
I'm good thanks, with the buys that are going through today we could potentially see that this long anticpated news has no effect on the SP. It's not as if they have withdrawn areas that we are working on and Vane have plenty of other targets not in federal lands.
some solid buying going on this morning
VANE Minerals (LON:VML) confirmed this morning that its Wate and Rose uranium projects are unaffected by proposed legislative changes that will see the withdrawal of 1 million acres of federal land in northern Arizona from mining activities. The group had already significantly reduced spending on the areas in question, and will maintain a small exploration programme on state lands, which includes Wate and Rose....VANE’s at present is on a high-impact exploration programme in America’s copper belt. According to Allenby Capital the discovery of a porphyry deposit from one of 22 untested targets in Arizona and New Mexico could be utterly transformational. Using a sliding scale depending of the size of deposit uncovered, the shares could be worth between 2 pence for a discovery with 200,000 tonnes of contained copper through to 104 pence for a 10 million tonne resource, it said. http://www.proactiveinvestors.co.uk/companies/news/37628/vane-minerals-says-federal-embargo-largely-anticipated-37628.html