The "First human ancestor", which the ABC reports looked "like a squirrel" is of course not to be mixed up with the "Human Family's Earliest ancestor", namely Ardipithecus ramidus or “Ardi”, which Smithsonian.com tells us is a "... a female who lived 4.4 million years ago”. Not that this is to be confused with the Telegraph’s 'earliest human ancestor', a “prehistoric eel-like creature discovered in a Canadian shale bed has been identified as the earliest known ancestor of man", or indeed the ABC's "Oldest Human ancestor", an "elusive, single-cell creature evolved about a billion years ago and did not fit in any of the known categories of living organisms - it was not an animal, plant, parasite, fungus or alga, they say."
I hope this clarifies who our first, oldest and earliest ancestors really were.