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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES </strong></font></div>
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      AND EXCHANGE COMMISSION </strong></font></div>
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      D.C. 20549</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">PURSUANT
      TO SECTION 13 OR 15(d)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">OF
      THE
      SECURITIES AND EXCHANGE ACT OF 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of Earliest Event Reported): June 20, 2006 </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong>NOVASTAR
                RESOURCES LTD.</strong></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Exact
                name of registrant as specified in its
                charter)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Nevada</font></div>
            </td>
            <td width="33%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">000-28535</font></div>
            </td>
            <td width="33%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">91-1975651</font></div>
            </td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(State
                of Incorporation)</font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Commission
                File No.)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
            </td>
            <td width="33%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(IRS
                Employer ID
                No.)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="2">&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>8300
      Greensboro Drive, Suite 800, McLean, VA 22102</strong></font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
      of Principal Executive Offices)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>800-685-8082</strong></font></div>
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      Telephone Number, Including Area Code) </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -9pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: -9pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):</font></div>
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      Written communications
      pursuant to Rule 425 under the Securities Act (17 CFR.425)</font></div>
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      Soliciting material pursuant to Rule
      14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></div>
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      Pre-commencement communications pursuant
      to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
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      Pre-commencement communications pursuant
      to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
      1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      June
      20, 2006, the Novastar Resources Ltd. (the &#8220;Company&#8221;) entered into a Technical
      Advisory Board Member Agreement (the &#8220;Armijo Advisory Agreement&#8221;) with Dr.
      Joseph Sam Armijo, pursuant to which Mr. Armijo was appointed as Chair of the
      Company&#8217;s Technical Advisory Board. Under the terms of the Armijo Advisory
      Agreement, </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Armijo will, among other things, provide technical consulting services to the
      Company and will assist the Company to plan for future research and development
      efforts and to identify and evaluate new and emerging business opportunities.
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company agreed to pay Mr. Armijo at an hourly rate of $250, as consideration
      for
      his services, with a minimum hourly requirement of 20 hours each month and
      a
      daily maximum billing of 8 hours (unless traveling at the request of the
      Company). However, Mr. Armijo&#8217;s hourly rate will be reduced to $200 for each
      hour of service performed by him in excess of 20 hours each month. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Furthermore,
      in connection with any of Mr. Armijo&#8217;s Work Product (as defined in the Armijo
      Advisory Agreement), the Company will pay Mr. Armijo: (1) $500 in cash for
      any
      patentable disclosure; (2) $5,000 in cash or equity, at Mr. Armijo&#8217;s option, for
      each patentable disclosure for which the Company files a patent application;
      and
      (3) a 5% royalty payment on any gross proceeds received by the Company from
      the
      sale of any products or licenses covered by the patented rights associated
      with
      any patent derived from such Work Product. Where the disclosures of patentable
      inventions are made jointly, then the Company will pay $500 to Mr. Armijo and
      to
      each other inventor who is also a consultant to the company, $2,500 to the
      lead
      inventor, as determined by the Technical Advisory Board, and $2,500 divided
      pro
      rata to any other inventors, and any royalties will be allocated by assigning
      2.5% to the lead inventor and 2.5% divided equally among any other
      inventors.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
      the
      terms of the Armijo Advisory Agreement, the Company also agreed to grant to
      Mr.
      Armijo, pursuant to the Plan, a ten-year non-qualified option for the purchase
      of 150,000 shares of the common stock of the Company (the &#8220;Armijo Options&#8221;) at
      an exercise price of $0.51 per share. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      initial term of Armijo Advisory Agreement will be three years but will be
      automatically extended for additional one-year periods unless terminated by
      either party in accordance with its terms. Both the Company and Mr. Armijo
      may
      terminate the Armijo Advisory Agreement for any reason or for no reason but
      the
      terminating party must provide the other party with 60 days&#8217; written notice
      before such termination.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Armijo Options were granted on June 20, 2006, pursuant to a stock option
      agreement entered into between the Company and Mr. Armijo. They will vest in
      equal monthly installments over a three-year period, with accelerated vesting
      upon a termination of Mr. Armijo by the Company. However, if the Company retains
      another advisor to serve on the Company&#8217;s technical advisory board and grants
      the new advisor more options as a retainer than the Armijo Options, then the
      Company is obligated to increase the Armijo Options to match the options offered
      to the new advisor. The Armijo Options will expire on June 20, 2016.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      brief description of the terms of the Armijo Advisory Agreement is qualified
      by
      reference to the provisions of that agreement, attached to this report as
      Exhibit 10.1. The Company&#8217;s press release regarding the appointment of Dr.
      Armijo is attached hereto as Exhibit 99.1 and is incorporated herein by
      reference.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
      8.01 OTHER EVENTS</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      June
      19, 2006, the Company appointed Charles W. Pryor, Jr., as a member of the
      Company&#8217;s International Advisory Board. A press release announcing this
      appointment, as well as setting forth Dr. Pryor&#8217;s biographical information is
      attached hereto as Exhibit 99.2.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
      9.01&#160;&#160; EXHIBITS. </strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
                No.</strong></font></div>
            </td>
            <td align="left" valign="top" width="70%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
            </td>
            <td align="left" valign="top" width="70%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Technical
                Advisory Board Member Agreement, dated June 20, 2006, between Novastar
                Resources, Ltd. and Dr. Joseph Sam Armijo.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="10%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1&#160;</font></div>
            </td>
            <td align="left" valign="top" width="70%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release of announcing the appointment of Dr. Joseph Sam Armijo, dated
                June
                26, 2006.</font></div>
            </td>
          </tr>
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            <td align="left" valign="top" width="10%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.2</font></div>
            </td>
            <td align="left" valign="top" width="70%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release of announcing the appointment of Dr. Charles W. Pryor, Jr,
                dated
                June 23, 2006.</font></div>
            </td>
          </tr>

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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities and Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the undersigned
      hereunto duly authorized. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Novastar
      Resources Ltd.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
      June 26, 2006</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>/s/
      Seth Grae____________________</u></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President
      and Chief Executive Officer</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      INDEX</font><br></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Exhibit
                No.</strong></font></div>
            </td>
            <td align="left" valign="top" width="80%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
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            <td align="left" valign="top" width="20%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10.1</font></div>
            </td>
            <td align="left" valign="top" width="80%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Technical
                Advisory Board Member Agreement, dated June 20, 2006, between Novastar
                Resources, Ltd. and Dr. Joseph Sam Armijo.</font></div>
            </td>
          </tr>
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            <td align="left" valign="top" width="20%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1&#160;</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release of announcing the appointment of Dr. Joseph Sam Armijo, dated
                June
                26, 2006.</font></div>
            </td>
          </tr>
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            <td align="left" valign="top" width="20%" style="border-bottom: medium none;">
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            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release of announcing the appointment of Dr. Charles W. Pryor, Jr,
                dated
                June 23, 2006.</font></div>
            </td>
          </tr>

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{"company-data": {"conformed-name": "NOVASTAR RESOURCES LTD.", "cik": "0001084554", "assigned-sic": "1400", "irs-number": "911975651", "state-of-incorporation": "NV", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28543", "film-number": "06924249"}, "business-address": {"street1": "1  E. LIBERTY STREET, SUITE 6000", "city": "RENO", "state": "NV", "zip": "89501", "phone": "604-904-6946"}, "mail-address": {"street1": "1  E. LIBERTY STREET, SUITE 6000", "city": "RENO", "state": "NV", "zip": "89501"}, "former-company": [{"former-conformed-name": "NOVASTAR RESOURCES LTD", "date-changed": "20050829"}, {"former-conformed-name": "CUSTOM BRANDED NETWORKS INC", "date-changed": "20010622"}, {"former-conformed-name": "AQUISTAR VENTURES USA INC", "date-changed": "19990728"}]}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington
      D.C. 20549
FORM
      8-K
CURRENT
      REPORT
PURSUANT
      TO SECTION 13 OR 15(d)
OF
      THE
      SECURITIES AND EXCHANGE ACT OF 1934
Date
      of
      Report (Date of Earliest Event Reported): June 20, 2006
NOVASTAR
                RESOURCES LTD.
(Exact
                name of registrant as specified in its
                charter)
Nevada
000-28535
91-1975651
(State
                of Incorporation)
(Commission
                File No.)
(IRS
                Employer ID
                No.)
8300
      Greensboro Drive, Suite 800, McLean, VA 22102
(Address
      of Principal Executive Offices)
800-685-8082
(Registrant's
      Telephone Number, Including Area Code)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (see General Instruction A.2. below):
o
Written communications
      pursuant to Rule 425 under the Securities Act (17 CFR.425)
o
Soliciting material pursuant to Rule
      14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
      to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
      to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM
      1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On
      June
      20, 2006, the Novastar Resources Ltd. (the "Company") entered into a Technical
      Advisory Board Member Agreement (the "Armijo Advisory Agreement") with Dr.
      Joseph Sam Armijo, pursuant to which Mr. Armijo was appointed as Chair of the
      Company's Technical Advisory Board. Under the terms of the Armijo Advisory
      Agreement,
Mr.
      Armijo will, among other things, provide technical consulting services to the
      Company and will assist the Company to plan for future research and development
      efforts and to identify and evaluate new and emerging business opportunities.
The
      Company agreed to pay Mr. Armijo at an hourly rate of $250, as consideration
      for
      his services, with a minimum hourly requirement of 20 hours each month and
      a
      daily maximum billing of 8 hours (unless traveling at the request of the
      Company). However, Mr. Armijo's hourly rate will be reduced to $200 for each
      hour of service performed by him in excess of 20 hours each month.
Furthermore,
      in connection with any of Mr. Armijo's Work Product (as defined in the Armijo
      Advisory Agreement), the Company will pay Mr. Armijo: (1) $500 in cash for
      any
      patentable disclosure; (2) $5,000 in cash or equity, at Mr. Armijo's option, for
      each patentable disclosure for which the Company files a patent application;
      and
      (3) a 5% royalty payment on any gross proceeds received by the Company from
      the
      sale of any products or licenses covered by the patented rights associated
      with
      any patent derived from such Work Product. Where the disclosures of patentable
      inventions are made jointly, then the Company will pay $500 to Mr. Armijo and
      to
      each other inventor who is also a consultant to the company, $2,500 to the
      lead
      inventor, as determined by the Technical Advisory Board, and $2,500 divided
      pro
      rata to any other inventors, and any royalties will be allocated by assigning
      2.5% to the lead inventor and 2.5% divided equally among any other
      inventors.
Under
      the
      terms of the Armijo Advisory Agreement, the Company also agreed to grant to
      Mr.
      Armijo, pursuant to the Plan, a ten-year non-qualified option for the purchase
      of 150,000 shares of the common stock of the Company (the "Armijo Options") at
      an exercise price of $0.51 per share.
The
      initial term of Armijo Advisory Agreement will be three years but will be
      automatically extended for additional one-year periods unless terminated by
      either party in accordance with its terms. Both the Company and Mr. Armijo
      may
      terminate the Armijo Advisory Agreement for any reason or for no reason but
      the
      terminating party must provide the other party with 60 days' written notice
      before such termination.
The
      Armijo Options were granted on June 20, 2006, pursuant to a stock option
      agreement entered into between the Company and Mr. Armijo. They will vest in
      equal monthly installments over a three-year period, with accelerated vesting
      upon a termination of Mr. Armijo by the Company. However, if the Company retains
      another advisor to serve on the Company's technical advisory board and grants
      the new advisor more options as a retainer than the Armijo Options, then the
      Company is obligated to increase the Armijo Options to match the options offered
      to the new advisor. The Armijo Options will expire on June 20, 2016.
This
      brief description of the terms of the Armijo Advisory Agreement is qualified
      by
      reference to the provisions of that agreement, attached to this report as
      Exhibit 10.1. The Company's press release regarding the appointment of Dr.
      Armijo is attached hereto as Exhibit 99.1 and is incorporated herein by
      reference.
ITEM
      8.01 OTHER EVENTS
On
      June
      19, 2006, the Company appointed Charles W. Pryor, Jr., as a member of the
      Company's International Advisory Board. A press release announcing this
      appointment, as well as setting forth Dr. Pryor's biographical information is
      attached hereto as Exhibit 99.2.
ITEM
      9.01   EXHIBITS.
Exhibit
                No.
Description
10.1
Technical
                Advisory Board Member Agreement, dated June 20, 2006, between Novastar
                Resources, Ltd. and Dr. Joseph Sam Armijo.
99.1
Press
                Release of announcing the appointment of Dr. Joseph Sam Armijo, dated
                June
                26, 2006.
99.2
Press
                Release of announcing the appointment of Dr. Charles W. Pryor, Jr,
                dated
                June 23, 2006.
SIGNATURES
Pursuant
      to the requirements of the Securities and Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the undersigned
      hereunto duly authorized.
Novastar
      Resources Ltd.
Date:
      June 26, 2006
/s/
      Seth Grae____________________
President
      and Chief Executive Officer
EXHIBIT
      INDEX
Exhibit
                No.
Description
10.1
Technical
                Advisory Board Member Agreement, dated June 20, 2006, between Novastar
                Resources, Ltd. and Dr. Joseph Sam Armijo.
99.1
Press
                Release of announcing the appointment of Dr. Joseph Sam Armijo, dated
                June
                26, 2006.
99.2
Press
                Release of announcing the appointment of Dr. Charles W. Pryor, Jr,
                dated
                June 23, 2006.