No, none of that was incorrect. You simply cannot state what reserves are without the appropriate exploration and feasibility to back it up. That is fraud.
And claiming that PGMs are present is always a red flag, especially with old assay sheets from a lab that doesn't normally do mining-related assays. With no chain of custody. And no technical report to explain how sampling was done, where samples were collected, and who did the sampling.
The red flags are flying all over this POS.