Business
Preliminary Results
Preliminary Results.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n Vane Minerals PLC\n06 April 2006\n\n\n VANE Minerals Plc (AIM: VML)\n ('VANE' or 'the Company')\n\n Financial Results for Period Ending December 2005\n\n\nREPORT HIGHLIGHTS\n \n• Diablito mine now in production producing gross revenues of $420k per month\n\n• Investigations underway to secure milling facilities close to Diablito mine\n\n• Significant progress made in securing exploration rights for uranium\n properties in the USA\n\n• New drilling programme to be started shortly at Guadalcazar\n\n• Strong multiple vein system identified at Mina Charay\n\n• Mineral investigation permits granted in Paraguay\n\n\nSteven Van Nort, Chief Executive Officer of VANE, says '2005 was a\ntransformational year for the Company as we made the move from being a pure\nexploration company to being a producer, with the successful development of our\nfirst gold and silver mine in Mexico. We are now in an enviable position,\ncombining the cash flow of our producing operation with an exciting exploration\nportfolio, offering exposure to gold, silver, copper and uranium. We are proving\nour ability to deliver on our objectives and we look forward to further\nsuccessful progress in 2006 with confidence.'\n\n\nEnquiries:\n\nVANE Minerals Plc Ambrian Partners Limited\nMatthew Idiens Richard Brown\n+44 (0) 20 7667 6322 +44 (0) 20 7776 6417\n\nParkgreen Communications Daniel Stewart & Co\nJustine Howarth / Cathy Malins Alex Davies\n+44 (0) 20 7493 3713 +44 (0)20 7776 6550\n\n\n\nCHAIRMAN'S STATEMENT\n\nThe stated objective of VANE Minerals plc ('VANE' or 'The Company'), announced\nat the time of listing in June 2004, was to become a self-funding mineral\nexploration group with the capability of evaluating a large number of attractive\ntargets over an extended period of time in order to maximise the chances of a\nmajor mineral discovery.\n\nThe initial step was to identify a project which could be brought rapidly into\nproduction to provide revenue towards funding the exploration necessary to\nidentify, acquire and evaluate projects with high value potential.\n\nVANE is now well on its way to achieving this objective, as tunnelling commenced\non 19 March 2005 at the Diablito silver-gold mine in the State of Nayarit,\nMexico, and ore for the first mill test was shipped in July 2005. By year end\nthe mine had produced and shipped over 6,60...