I can't remember the actual wording used in the different comments made during the Investor Presentation, but it is mentioned at the 19:27 minute mark, as well as in answer to a question raised at the 45:50 minute mark.
I'm not sure what they would have had access to during the 6 months of DD.
Investor Webcast - Latin Resources acquisition - YouTube
LRS General Discussion, page-18909
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