Ore Deposits are natural resource endowments in the earth's crust which is of significant economic value and extracted for a large number of industrial applications. The rights and ownership of an ore deposit granted through a concession or other arrangements qualify as intangible assets because it can be recognised and the associated economic benefits reliably measured. Intangible assets are a class of assets without physical form yet can present significant economic value to owners. To estimate the fair market value of intangible assets such as ore deposits, business valuators apply several techniques under the income, market and asset methods.