A recently released animation shows a new look at a large asteroid that has a small, but significant, chance of impacting planet Earth in seven years.

Experts are tracking asteroid 2024 YR4, which has a 1.2% chance of impacting Earth in 2032. Observations continue to refine its path.

It's actually good news that NASA spotted a sizable asteroid with a (small) chance of hitting Earth in 2032. It means our asteroid-sleuthing telescopes are working.

A newly discovered asteroid has a tiny chance of smacking Earth in 2032, space agency officials said Wednesday. “We are not worried at all, because of this 99 percent chance it will miss,” said Paul Chodas,

Look at it this way — there's almost a 99 per cent chance an asteroid up to the size of a football field won't hit the Earth in eight years. Still, there's up to a two per cent chance it will, according to NASA and the European Space Agency (ESA).

"An asteroid this size impacts Earth on average every few thousand years and could cause severe damage to a local region," the European Space Agency said.