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Similar to 'Bleeding tooth fungus' (a northern hemisphere species) this fungus was exuding orange-red fluids from new growth. The exposed older growth was orange-rust had become very stiff velvet and formed a huge carpet covering about 25 square metres.
In a local church grounds a huge, introduced aceraceae had been removed a year earlier and chipped in situ to make mulch. The mulch seemed to be the substrate feeding this fungus.
Currently looking at Abortiporus genus....