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

                                 FIRST AMENDMENT
                                    FORM 8-K
                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(A) OF THE SECURITIES EXCHANGE ACT OF 1934


Date of Report: June 22, 2005 Amending Registrant's Form 8-K dated
                March 15, 2005
                --------------------------------------------------


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


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


            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 CFR 240.14d-2(b))

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






ITEM 8.01 The Registrant amends Registrant's Form 8-K dated March 15, 2005,
regarding the Registrant having entered into an Operating License ("Agreement")
with Tecumseh Industrial Minerals, LLC ("TIML"), a New Mexico Company for the
management, development, exploitation and marketing ("Development") of the
Company's Kaolin claims, located in Sierra County, New Mexico ("Sierra
Kaolin(TM)"), to correct a typographical error in the reporting of Registrant's
IRS employee identification number. The proper number should be 23-2860734.


                                   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: June 23, 2005
                                                        /s/ Gary J. Novinskie
                                                    ----------------------------
                                                    Gary J. Novinskie, President











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