An ore asset is a mineral deposit that has the potential of being exploited for mining purposes. There are several synonyms used to define this term. Some of these include a mineral resource, a mineral deposit, a mineral reserve, a mineral wealth, and a precious metal. Each of these synonyms provides an in-depth understanding of the value and importance of an ore asset to the mining industry. A mineral resource indicates the mineral composition, quantity, and quality of the deposit, while a mineral deposit refers to the presence of minerals in a specific area. A mineral reserve implies that the deposit can be economically feasible, while mineral wealth and precious metal signify the monetary and cultural significance of the asset, respectively.