It has been identified as (what's left of) the 3rd stage of an Indian PSLV rocket:
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Grabs popcorn There's nothing more entertaining than mystified Aussies.
WA Police said it was guarding the object until its origin could be established
Some lucky dude is getting paid to hang out next to this thing on a remote beach.
The alien already escaped and is among us.
Residents visited the site on Saturday night to see the cylinder, the ABC reported, with one local describing it as a "great social evening". "It was a lovely, still night, the kids were digging sand castles around it," he told the ABC.
I sure hope there's no hypergolics left in that tank.
The tank was identified as the remains of an ISRO PSLV rocket's 3rd stage. It's the kevlar casing for HTPB solid propellant, which looks like pretty safe stuff.