Great Britain's men put up a great fight against world number ones Australia but a 3-3 draw meant they missed out on a place in the final of the Olympics test event on goal difference.
Surbiton's James Tindall converted an early penalty corner but Australia soon equalised through Matt Ghodes. Richard Alexander drilled in another corner on the half-hour but on the stroke of half-time Jason Wilson levelled things up again from close range.
Goalkeeper James Fair kept the Kookaburras at bay after the break but GB went behind for the first time when Simon Orchard converted a penalty stroke and, although East Grinstead's Ashley Jackson flicked in third set-piece of the evening, the hosts could not force the winner they needed.
"I don't think we played that well today and quite below our abilities," said coach Jason Lee.
"I think parts of our play were encouraging at certain points but also quite irritating at times as well.
"There's some work to be done between now and the Olympics in terms of our approach."