Big news about little people!

The “hobbits” — a tiny species of man that once walked the earth — aren’t simply shrunken versions of modern humans as researchers had previously thought, according to a study published Friday.

The 3-foot-tall race, which lived in Indonesia hundreds of thousands of years ago, were actually a completely different species, according to researchers from Australian National University.

Archaeology and anthropology experts at first believed “hobbits” — a k a the Homo Floresiensis species — were a pint-sized evolutionary cousin of the Homo erectus, which lived in the tropical region of Asia.

But they now believe the little people were in fact a far more primitive sister species of Homo habilis, which lived in Africa 1.7 million years ago, according to the study, published Friday in the Journal of Human Evolution.

“It was a good scientific hypothesis. But we believe it has now been thoroughly refuted,” Colin Groves, who worked on the research, told the Guardian Australia.

“A close relationship between Homo erectus and Homo floresiensis is rejected, which contradicts the proposal that island dwarfing of Asian Homo erectus led to Homo floresiensis,” the study concludes.