Ann: Extension of Closing Date for Share Purchase Plan, page-13

“Misleading/false” is kind in my opinion. It has been announced to the ASX that they aim to have a JORC by x date or start drilling by Y date Around 7 and 4 times respectively. In the last two years, This was done with no permits to drill and very little to indicate they would have a JORC.

The worst in my opinion was in over 12 months ago in January 2018 when LRS announced that drilling San Luis was to start in the second week of February. Remembering that they held no permits at this time nor in my opinion had they mobilized drilling equipment or staff to execute this claim.
That’s not misleading/false that’s a blatant lie, it was never going to happen in the second week of February and LRS were definitely aware of this. I wouldn’t give a dollar of my money to a Co like that. 

- side note: this claim was made only a week or so before a vote on performance rights was approved. You can find proof of this in the company’s old announcements (Draw your own conclusion to this).