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Shebandowan Joint Venture

Impala Canada retains a 50% interest in the Shebandowan nickel-copper-platinum group element property with its partner, Vale Canada Ltd. The property is located 90 kilometers west of Thunder Bay and includes the past-producing Shebandowan Nickel Mine and the Shebandowan West nickel deposit. The mine was in semi-continuous production from 1972 to 1998 and shipped nickel concentrate to Inco Ltd. smelters in Thompson and Sudbury.