A Mineral Resource Property refers to an exploration property on which mineral deposits have been established. Mineral resources are categorised, in order of increasing geological confidence, into Inferred, Indicated, and Measured resources. In business valuation analysis, Mineral Resource Property qualifies as an intangible asset because it 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 resource property, business valuators apply techniques under the income, market and asset methods.