Company: RDPTF
Filing Date: 2025-09-18
Form Type: 20-F
Source: 0001213900-25-088699
Chunk: 170

Company: Radiopharm Theranostics Ltd
Filing Date: 2025-09-18
Form: 20-F
Item: Item 19
Chunk 170
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Basis for opinion

We conducted our audit in accordance with Australian
Auditing Standards. Our responsibilities under those standards are further described in theAuditor’s Responsibilities for the
Audit of the Financial Reportsection of our report. We are independent of the Group in accordance with the auditor independence requirements
of theCorporations Act 2001and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES
110Code of Ethics for Professional Accountants (including Independence Standards)(the Code) that are relevant to our audit of
the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion.

www. grantthornton. com. au

ACN-130 913 594

Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or
related entity of Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389. ‘ Grant Thornton’ refers to the
brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one
or more member firms, as the context requires. Grant Thornton Australia Limited is a member firm of Grant Thornton International Ltd
(GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services
are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do
not obligate one another and are not liable for one another’s acts or omissions. In the Australian context only, the use of
the term ‘ Grant Thornton’ may refer to Grant Thornton Australia Limited ABN 41 127 556 389 ACN 127 556 389 and its
Australian subsidiaries and related entities.

Key audit matters

Key audit matters are those matters that, in our professional
judgement, were of most significance in our audit of the financial report of the current period. These matters were addressed in the context
of our audit of the financial report as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these
matters.

  Key audit matter                                                                                                                                                                                          How our audit addressed the key audit matter                                                                                                                                                                                                            
  Intangible