Flagship Minerals (ASX:FLG) entered a binding agreement with Anglo American Norte to acquire a historical exploration dataset for the Pantanillo gold project in Chile, according to a Wednesday Australian bourse filing.

The data includes 32,827 meters of drilling across 148 holes conducted between 1988 and 2012, 13,949 meters of diamond drill core currently stored by Anglo American Norte, as well as ground survey data.

It also includes information for 2,151 geochemical samples comprising rock chip, soil, and stream sediment samples collected across the project area.

The transaction terms are $100,000 payable within 45 days of signing the agreement, with full access to data as of signing, $250,000 payable at the first anniversary, and $500,000 payable at the second anniversary. A further $1million is payable upon Flagship exercising its option to purchase Pantanillo, on or before April 9, 2030.