This fruiting body was a solitary orange blob about 6 mm wide with a warty exterior. Pic 3 shows it 4 days later with an apical hole - probably filled with grey spores.
Spotted on a damp decaying eucalyptus log in a nature reserve.
This roundish blob is the aethalium or fruiting body of the slime mold. It eventually changes colour and becomes filled with minute spores. Class: Myxomycetes family: Tubiferaceae