Trefi owns the Trefi coal property located in the Pine River area in northeast British Columbia, Canada.
Cardero will be granted an option to acquire 50% of Trefi following delivery of a bankable feasibility study within four years, for total consideration of C$3.5m ($3.41m) and 500,000 common shares of Cardero.
The company will be granted an additional option to acquire the remaining 50% of Trefi for a further payment of C$6m ($5.85m), following a decision to mine.
Anglo Pacific said it will retain a 3% gross revenue royalty over the project.
