AIC Mines Secures US$40 million Trafigura Funding to Boost Copper Production

AIC Mines (ASX: A1M), an Australian resources company focused on copper and gold, has secured a US$40 million prepayment facility from Trafigura Asia Trading to fund the expansion of its Eloise processing plant. This financing, linked to an offtake agreement for the Jericho Mine, is aimed at enhancing output capacity. The agreement includes delivery commitments for approximately 400,000 dry metric tonnes of Jericho copper concentrate. Notably, the prepayment facility offers flexible early repayment options and is free of commodity hedging obligations. AIC’s Managing Director, Aaron Colleran, highlighted Trafigura’s continued support, dating back to 2021 with the Eloise offtake deal, calling the expanded partnership a strategic move. The funding terms include a competitive interest rate (SOFR + 3%) and a grace period of up to 18 months, with repayments structured quarterly thereafter. Security terms include charges over assets and mining leases. Amicaa Advisors advised AIC on the transaction

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com