Exploration Property is a mineral asset that has been acquired, or is being explored for mineral deposits but for which economic viability has not been demonstrated. In business valuation analysis, an Exploratory Property qualifies as an intangible asset because it can be recognised, separated, and the associated economic benefits reliably measured. Intangible assets are a class of assets without physical form yet can offer immense value to owners. To estimate the fair market value of intangible assets such as an indicated mineral resource, business valuation analysts apply techniques under the income, market and asset methods.