DALECO RESOURCES CORP - Recent Material Event

Item (s) to which the notification relates:

Daleco Resources Corporation
Full Name of Registrant
Former Name if Applicable
17 Wilmont Mews, 5th Floor
Address of Principal Executive Office (Street and Number)
West Chester, Pennsylvania 19382
City, State and Zip Code
PART II - RULES 12b-25 (b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.  (Check box if appropriate)
The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-SCR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant's filing of its report on Form 10-K for the period ended September 30, 2011 is delayed due to the Registrant's inability to timely process the financial information and present it to the Registrant’s independent registered public accounting firm for review and comment prior to the filing deadline. The Registrant does anticipate filing the report within the additional time provided by this filing.  The delay in processing is the direct result of a reduction of staffing at the Registrant.


Name and telephone number of person to contact in regard to this notification:
Gary J. Novinskie
(610) 429-0181

Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?  If the answer is no, identify report(s).  x Yes  o  No
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?  o Yes   x  No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

Daleco Resources Corporation
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 22, 2011  
/s/ Gary J. Novinskie   
Gary J. Novinskie, Interim Chief Executive Officer,
President and Chief Financial Officer