AIC MINES LIMITED, an Australian resources company focused on gold and copper assets, has secured a US$40 million prepayment facility in conjunction with an offtake agreement with Trafigura Asia Trading Pte Ltd. The deal is designed to fund an expansion of its Eloise processing facility related to its high‐grade underground mining operations in North Queensland. The prepayment facility and offtake agreement require delivery of approximately 400,000 dry metric tonnes of copper concentrate from the Jericho Mine. Technical financial details include an interest rate of 3‐month US dollar Secured Overnight Financing Rate (SOFR) plus 3% per annum, a grace period for no repayment for up to 18 months, and quarterly repayments starting after this period. The facility is secured by a first ranking floating charge over revolving assets, fixed charges over other collateral, and a mortgage over the Eloise and Jericho mining leases, among other customary security measures. The agreement with Trafigura follows an extensive tender process where competitive financing terms were evaluated, with Trafigura emerging as the preferred partner. This extended relationship builds on earlier support the company received over its Eloise concentrate. Payment terms under the offtake agreement include 90% of the provisional product value being paid within three business days of receiving shipping documents, with final payment following the completion of final assays and price determination. The transaction is supported by typical conditions precedent, including board approval, execution of additional legal agreements, and confirmation of adequate insurance cover. A bullish interpretation of this development highlights the strategic expansion of AIC MINES LIMITED’s processing capabilities and the strengthening of its ties with a well-established global trading partner. Securing competitive financing with flexible early-repayment options and minimal commodity hedging requirements bodes well for operational growth and capacity expansion. Conversely, a bearish perspective might focus on the inherent risks associated with meeting production targets and market fluctuations in copper concentrate prices, in addition to the financial obligations under the detailed repayment schedule and interest rate exposure tied to the SOFR benchmark.