Is Dickinsonia our oldest ancestor?

Scientists from ANU have discovered molecules of fat in an ancient fossil to reveal the earliest confirmed animal in the geological record that lived on Earth 558 million years ago. The strange creature called Dickinsonia, which grew up to 1.4 metres in length and was oval shaped with rib-like segments running along its body, was part of the Ediacara Biota that lived on Earth 20 million years prior to the ‘Cambrian explosion’ of modern animal life.