Bright Speckled Noise in Shadows


I’m having an odd issue with grading my footage at the moment. Here is a Google Drive folder with Screengrabs detailing the problem.

When previewing and exporting, there is bright speckled noise all over the shadows. I tried disabling each colour node one by one, and bypassing all effects but in both cases the noise persists. In order to check if the problem was with the camera, I switched Resolve’s colour management to Davinci YRGB and applied a LUT- and the noise disappeared.
One strange note is that when the footage managed by ACES is playing (with no proxy mode enabled) the noise completely disappears and the shadows look smooth.

I’ve run out of ideas, so anything you guys know that could help would be much appreciated!