A Mineral Resource refers to a concentration or occurrence of natural solid inorganic material or natural solid fossilised organic material including base & precious metals. In business valuation analysis, Mineral Resources qualify as intangible assets because they can be recognised and valuators can reliably measure the associated economic benefits. 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 mineral resources, business valuators apply techniques under the income, market and asset methods.