UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                                 Current Report
     Pursuant to Section 13 or 15(a) of the Securities Exchange Act of 1934


Date of Report: March 13, 2006
               -----------------

                          DALECO RESOURCES CORPORATION
    ------------------------------------------------------------------------
               (Exact name of registrant as specified in Charter)

         Nevada                     0-12214                  23-2860734
----------------------------  --------------------   ---------------------------
(State or other jurisdiction       (Commission             (IRS Employee
   of Incorporation)                 File No)             Identification No.)

            120 North Church Street, West Chester, Pennsylvania 19380
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code: 610-429-0181
                                                   ----------------------

    ------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CF 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


<PAGE>

Item 5.02.

      Departure of  Directors or  Principals  Officers,  Election of  Directors;
Appointment of Principal Officers:

      On March 10, 2006,  but  effective  as of January 15,  2006,  the Board of
Directors  appointed  Mr.  Richard A. Thibault  Vice  President-Minerals  of the
Company.

      RICHARD A. THIBAULT:

      Mr.  Thibault  is a  registered  professional  engineer,  a member  of the
Canadian  Institute of Mining,  Metallurgy and Petroleum  (CIM) and the American
Institute of Mining Engineers  (AIME).  He holds a B.SC.,  with Honors in Mining
Engineering from Queens University in Kingston, Canada. He is also the recipient
of the District 5 Distinguished Service Award 1999, by the Canadian Institute of
Mining, Metallurgy and Petroleum.

      Mr.  Thibault has been involved in all aspects of mining  engineering  and
mine  operations  throughout  his  28  year  career.  Feasibility  and  economic
justifications  and  conducting  due diligence is part of his area of expertise.
Contract  mining  including  contract  management  has also formed a part of his
experience.

      Mr.  Thibault  worked  numerous  years in Canada for a large  coal  mining
company where he held positions of  progressively  more  responsibility.  He has
also spent the last decade working  throughout  South America.  Initially as the
Vice  President  and General  Manager of a junior  mining  company,  then as the
Managing Director of an Industrial Minerals Company in Argentina.  More recently
he has  been  based  out of  Santiago,  Chile  where he has  worked  as a mining
consultant and the General Manager of BGC-AVOT Ingenieria Ltda.

      Mr.  Thibault  has  been  provided  with a copy of this  8-K and has  been
offered the  opportunity to provide the Registrant with a letter stating whether
he agrees with the  statements  made by the  Registrant in response to this Item
5.02 and, if not,  stating the  respects in which he does not agree.  Should the
Registrant receive a letter from Mr. Thibault, the Registrant shall file same by
Amendment to this Form 8-K within two (2) business  days after receipt of such a
letter by the Registrant.

Exhibits:

      Attached as Exhibit 10.44 hereto is Mr. Thibault's Employment Agreement.


                                       2
<PAGE>

                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                        Daleco Resources Corporation
                                        ----------------------------------------
                                                (Registrant)


Date:  March 13, 2006
                                        /s/ Gary J. Novinskie
                                        ----------------------------------------
                                        Gary J. Novinskie, President




                                       3
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    Form 8-K

                                 Current Report
     Pursuant to Section 13 or 15(a) of the Securities Exchange Act of 1934

Date of Report: March 13, 2006
               -----------------

                          DALECO RESOURCES CORPORATION
    ------------------------------------------------------------------------
               (Exact name of registrant as specified in Charter)

         Nevada                     0-12214                  23-2860734
----------------------------  --------------------   ---------------------------
(State or other jurisdiction       (Commission             (IRS Employee
   of Incorporation)                 File No)             Identification No.)

            120 North Church Street, West Chester, Pennsylvania 19380
    ------------------------------------------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code: 610-429-0181
                                                   ----------------------

    ------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CF 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.

      Departure of  Directors or  Principals  Officers,  Election of  Directors;
Appointment of Principal Officers:

      On March 10, 2006,  but  effective  as of January 15,  2006,  the Board of
Directors  appointed  Mr.  Richard A. Thibault  Vice  President-Minerals  of the
Company.

      RICHARD A. THIBAULT:

      Mr.  Thibault  is a  registered  professional  engineer,  a member  of the
Canadian  Institute of Mining,  Metallurgy and Petroleum  (CIM) and the American
Institute of Mining Engineers  (AIME).  He holds a B.SC.,  with Honors in Mining
Engineering from Queens University in Kingston, Canada. He is also the recipient
of the District 5 Distinguished Service Award 1999, by the Canadian Institute of
Mining, Metallurgy and Petroleum.

      Mr.  Thibault has been involved in all aspects of mining  engineering  and
mine  operations  throughout  his  28  year  career.  Feasibility  and  economic
justifications  and  conducting  due diligence is part of his area of expertise.
Contract  mining  including  contract  management  has also formed a part of his
experience.

      Mr.  Thibault  worked  numerous  years in Canada for a large  coal  mining
company where he held positions of  progressively  more  responsibility.  He has
also spent the last decade working  throughout  South America.  Initially as the
Vice  President  and General  Manager of a junior  mining  company,  then as the
Managing Director of an Industrial Minerals Company in Argentina.  More recently
he has  been  based  out of  Santiago,  Chile  where he has  worked  as a mining
consultant and the General Manager of BGC-AVOT Ingenieria Ltda.

      Mr.  Thibault  has  been  provided  with a copy of this  8-K and has  been
offered the  opportunity to provide the Registrant with a letter stating whether
he agrees with the  statements  made by the  Registrant in response to this Item
5.02 and, if not,  stating the  respects in which he does not agree.  Should the
Registrant receive a letter from Mr. Thibault, the Registrant shall file same by
Amendment to this Form 8-K within two (2) business  days after receipt of such a
letter by the Registrant.

Exhibits:

      Attached as Exhibit 10.44 hereto is Mr. Thibault's Employment Agreement.

                                       2
SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        Daleco Resources Corporation
                                        ----------------------------------------
                                                (Registrant)

Date:  March 13, 2006
                                        /s/ Gary J. Novinskie
                                        ----------------------------------------
                                        Gary J. Novinskie, President

                                       3