Billionaire prospector Mark Creasy has more than doubled annual profits at his flagship private company, thanks mostly to Gina Rinehart’s takeover of lithium explorer Azure Minerals.

Creasy’s Yandal Investments posted a $106.8 million profit for the year to June. The result was up from the $48.6 million achieved last year and was 21 times bigger than the profit posted by Yandal as recently as 2021.