Some Li may be sequestered in pyrite in organic-rich shales, the study authors wrote.

But the minerals have some clear differences: pyrite is magnetic, and gold is not.

Pyrite often has some remarkable geometry to it, while gold looks more like lustrous, smooth chunks.

Pyrite clusters in quartz.

Pyrite clusters in quartz.Photo: Olpo (Shutterstock)

But the recent teams research indicates that pyrite could also demarcate a different kind of precious metal.

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Photo: USGS

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