VANE Minerals

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VANE Minerals is an explorer and developer of copper and uranium projects in North America. The Company is supported by revenues from its producing silver/gold operations in Mexico. Utilising a team made up of leading industry professionals the Company is targeting porphyry copper targets in Southwest USA in addition to expanding its gold/silver operations in Mexico and exploring high-grade breccia pipe targets in North America

Website:
http://www.vaneminerals.com/
Phone:
+44 (0)207 225 4590
Address:
36 Queens Gate, Place Mews, London SW7 5BQ.
Super Sector:
General Mining
Sector:
Mining
Industry:
General Mining
EPIC / Symbols:
LON:VML

Sector: Mining

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Current Statement


 

In 2001 Freeport-McMoRan Copper and Gold Co. ("Freeport") elected to disband their world-wide mineral exploration program to focus on Indonesia. At that time Senior Vice President of Exploration at Freeport, Steven D. Van Nort, took early retirement and together with other members of his team at Freeport formed NuVu LLC, a consulting company. They then negotiated an agreement with Freeport for exclusive rights to review the more than 7,000 world-wide exploration files assembled by Freeport during the previous 85 years ("The Databank"). The Freeport contract was then transferred to AVEN Associates LLC, a wholly owned subsidiary of VANE Minerals Ltd and remains with VANE to this day.

 

VANE Minerals Limited, was incorporated in April 2002 as a minerals exploration and development company primarily focused on defining and developing projects generated from the review of the Freeport Data Bank and from contacts of the Directors and their associates. VANE Minerals plc was admitted to AIM in 2004.

 

 

The Company has a highly qualified and experienced group of exploration, development and management personnel capable of maximizing the potential of any project. AVEN Associates, the US subsidiary of VANE, has the benefit of three senior geologists, all of whom are directors of VANE Minerals plc, with cumulative experience in exploration, development and mining of over 100 years. VANE Minerals plc is also able to draw on other directors with further experience in assembling large exploration land positions, raising funds and initiating, organizing and managing start-up ventures.

 

With its vast experience in porphyry copper exploration the team has assembled, through both contacts and the Freeport data base, a number of potential targets in the southwest US area. These targets are being systematically investigated.

 

Since December 2004, VANE (US) LLC, a wholly owned subsidiary of VANE, has aggressively acquired a uranium portfolio in the US. VANE (US) LLC has built up a considerable portfolio of projects, covering both strata-bound deposits in Utah and the unique high grade breccia pipe projects in Northern Arizona, where on part of the district VANE has a 50/50 Joint venture agreement with Uranium One Exploration (USA) (“U1”) in which, in general terms, VANE does the exploration and U1 will do the mining, allowing VANE to concentrate on what it is good at, the exploration. Each breccia pipe has the potential to contain between 1 and 5 million lbs of U3O8 at a grade in the region of 1% U3O8, amongst the highest grade in the US.

 

 

The Company also has producing gold/silver assets in Mexico, a wholly-owned mill, and a Merrill-Crowe cyanide leaching plant in Mexico, helping finance the group's exploration programme. The Mill has the potential for additional capacity for feed from other projects and enables the company to seek further sources of cash flow in the region.

 

Current Operations

 

The company has been active in investigating many projects, both through the "Freeport Data Bank" and through contacts of the principals, in Central and North America.

 

The copper portfolio consists of a number of targets that have been identified through both the database and our contacts and are being investigated further.

 

The company has producing Gold/Silver assets, a wholly-owned mill, and a Merrill-Crowe cyanide leaching plant in Mexico, helping finance the group's exploration programme. The Mill has the potential for additional capacity for feed from other projects and enables the company to seek further sources of cash flow in the region.

 

Since December 2004, VANE has built a substantial uranium portfolio in the US, consisting of both breccia pipe and stratabound projects. VANE, at present, has a portfolio of breccia pipe and stratabound projects. Breccia pipes contain some of the highest grade uranium deposits found in the US, with grades approaching 1% U3O8. The company continues to develop and build its portfolio in this exciting area.

 

Managment
The Rt Hon Sir Richard Needham Chairman, VANE Minerals plc
  • ex-Member of Parliament for Chippenham
  • Appointed Minister for Trade in 1992 and was responsible for Britain’s export strategy as deputy to Michael Heseltine
  • Made a Privy Counsellor in 1994 and knighted in 1997
  • Founder member of the Anglo-Japanese 21st Century Group
  • Chairman of Avon Rubber plc
David Newton CEO, Director, VANE Minerals plc,
Director, VANE Minerals (UK) Ltd
  • Ex-investment banker
  • Chartered accountant with 14 years corporate finance experience
  • Qualified with Ernst and Young
  • Fellow of the Chartered Institute for Securities & Investments

Steven Van Nort VANE Minerals plc Director,
VANE Minerals (UK) Ltd Director,
AVEN Associates LLC Director,
Minerales VANE SA de CV
  • Former senior VP Freeport-McMoRan Global Exploration, including Grasberg Mine, Indonesia
  • 19 years with Hanna Mining in exploration worldwide
L Clark Arnold Director of Geology, VANE Minerals plc
Director, VANE Minerals (UK) Limited
Director, Minerales VANE SA de CV
Director, AVEN Associates LLC
  • 17 years with Lowell Mineral Exploration
  • Long-term consultant to Freeport-McMoRan
Kristopher Hefton Director, VANE Minerals (US) LLC
Director, VANE Minerals plc

  • 14 years uranium experience, including Energy Fuels Nuclear, Inc

  • Exploration management positionswith Homestake/Barrick and Freeport

Matthew C Idiens Commercial Director, VANE Minerals (UK) Limited
Commercial Director, VANE Minerals plc
Director, Minerales VANE SA de CV

Luis Francisco Perez Agosttini Director, Minerales VANE SA de CV
Corporate Information

VANE Minerals plc's principal advisors are:


Nominated Adviser and Broker:

Allenby Capital Limited

Claridge House

32 Davies Street

London, W1K 4ND

 

Solicitors to the Company: 

Squire, Sanders & Dempsey (UK) LLP

2 Park Lane

Leeds

LS3 1ES

 

Auditors and Reporting Accountants: 

Baker Tilly UK Audit LLP

2 Whitehall Quay,

Leeds,

West Yorkshire,

LS1 4HG

 

Registrars: 

Capita Registrars

Northern House

Woodsome Park

Fenay Bridge

Huddersfield

West Yorkshire

HD8 0LA

 

Financial Public Relations: 

Bankside Consultants Limited

1 Fredericks Place

London

EC2R 8AE

 

Independent Geological Consultants: 

SRK Consulting Tucson

3275 W Ina Rd

Tucson,

AZ 85741-2152,

United States

 

Contact Information

 

General Enquiries:

 

Bankside Consultants Limited

 

Simon Rothschild/Elena Kuza 

Email: simon.rothschild@bankside.com

 

Tel: +44 (0) 20 7367 8850

 

1 Fredericks Place

London

EC2R 8AE

 

 

Major Shareholders

Share Holding Information

Issued Share Capital: (Updated 26th October 2011)

Number of ordinary shares of 0.1p each in issue: 442,923,658

Number of deferred shares of 9.9p each in issue: 190,108,108

Number of shares held in Treasury: 0

 

Director and Major Shareholdings: (Updated 26th October 2011)

David Newton CEO 500,000
Sir Richard Needham Chairman 1,750,000
Steve Van Nort Director 6,500,000
Matthew Idiens Director 14,805,880
L Clark Arnold Director 10,500,000
Kris Hefton Director 116,000
Edwin M P Farrant and related parties Private Investor 19,000,000

 

Shares not considered to be in public hands: 8.79%

 

Updated from company website 3.11.11

 

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