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<SEC-DOCUMENT>0001144204-06-015759.txt : 20060418
<SEC-HEADER>0001144204-06-015759.hdr.sgml : 20060418
<ACCEPTANCE-DATETIME>20060417191534
ACCESSION NUMBER:		0001144204-06-015759
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060412
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060418
DATE AS OF CHANGE:		20060417

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOVASTAR RESOURCES LTD.
		CENTRAL INDEX KEY:			0001084554
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				911975651
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28543
		FILM NUMBER:		06763466

	BUSINESS ADDRESS:	
		STREET 1:		1  E. LIBERTY STREET, SUITE 6000
		CITY:			RENO
		STATE:			NV
		ZIP:			89501
		BUSINESS PHONE:		604-904-6946

	MAIL ADDRESS:	
		STREET 1:		1  E. LIBERTY STREET, SUITE 6000
		CITY:			RENO
		STATE:			NV
		ZIP:			89501

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NOVASTAR RESOURCES LTD
		DATE OF NAME CHANGE:	20050829

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CUSTOM BRANDED NETWORKS INC
		DATE OF NAME CHANGE:	20010622

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AQUISTAR VENTURES USA INC
		DATE OF NAME CHANGE:	19990728
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v040756.txt
<TEXT>


                                  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): April 17, 2006
                                (April 12, 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):

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR.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))
<PAGE>

ITEM 8.01   OTHER EVENTS

On February 14, 2006 Novastar Resources Ltd. ("Novastar") entered into a Merger
Agreement (the "Merger Agreement") with Thorium Power, Inc. ("Thorium Power"), a
copy of which was previously filed as Exhibit 2.1 to the Current Report on Form
8-K filed by Novastar with the Securities and Exchange Commission on February
21, 2006. One of the conditions to the consummation of the transactions
contemplated by the Merger Agreement is the approval of the Merger Agreement,
and the transactions contemplated thereby, by the stockholders of Thorium Power.

On April 12, 2006, stockholders of Thorium Power holding 57.89% of Thorium
Power's voting stock in the aggregate, signed a written consent approving the
merger and the transactions contemplated thereby. This written consent satisfied
the stockholder approval condition contained in the Merger Agreement.

Novastar issued a press release disclosing that it has received notification
from Thorium Power of the approval of the Merger Agreement and related
transactions by Thorium Power's stockholders. The Press release is attached to
this current report as Exhibit 99.

ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS.

     (C)    EXHIBITS

EXHIBIT NUMBER       DESCRIPTION OF EXHIBIT

99.1                 Press Release disclosing notification of Thorium Power
                     Stockholder Approval

                                       2
<PAGE>

                                   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: April 17, 2006

/s/ Seth Grae
- -------------------------------------
President and Chief Executive Officer

<PAGE>

                                  EXHIBIT INDEX


EXHIBIT NUMBER       DESCRIPTION OF EXHIBIT

99.1                 Press Release disclosing notification of Thorium Power
                     Stockholder Approval





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v040756_ex99-1.txt
<TEXT>
NOVASTAR RESOURCES RECIEVES NOTIFICATION THAT THORIUM POWER SHAREHOLDERS HAVE
APPROVED THE MERGER


Washington D.C. (April 17, 2006) -- Novastar Resources Ltd. (OTCBB: NVAS) has
today announced that Thorium Power, Inc. ("Thorium Power") shareholders have
voted in favor of completing the previously announced merger between the two
companies. Holders of 57.89% of the issued and outstanding capital stock of
Thorium Power have signed a Written Consent approving the transaction with
Novastar Resources Ltd. ("Novastar") whereby Novastar will acquire one hundred
percent (100%) of the outstanding common stock of Thorium Power through a
reverse merger with a wholly owned subsidiary of Novastar. Once the planned
merger is completed, Thorium Power will become a wholly-owned subsidiary of
Novastar and the stockholders of Thorium Power will become stockholders of
Novastar. Novastar Resources and Thorium Power entered into a definitive merger
agreement to combine the two companies on February 14, 2006 and the closing of
the merger is expected during the second calendar half of 2006.

         Full details of this shareholder approval, by Thorium Power
stockholders, will be disclosed in a Form 8K to be filed in the near future.

         Commenting on the endorsement from Thorium Power shareholders, Novastar
and Thorium Power Chief Executive Officer Seth Grae commented "Today marks a
major milestone towards completing the merger between Thorium Power and Novastar
Resources. It is very encouraging that every Thorium Power shareholder who was
asked to sign the Written Consent did so, voting in favor of completing the
merger as contemplated in the definitive merger agreement of February 2006."


About Novastar Resources

Novastar Resources is a publicly traded company within the commercial mining
sector and is a commercial mining firm engaged in the exploration of thorium, a
naturally occurring metal that can be used to provide nuclear energy, with
non-proliferation, waste and economic advantages, in comparison to standard
uranium fuels. Novastar Resources' stock is traded and quoted on the OTC
Bulletin Board under the symbol "NVAS.OB". Further information is available on
Novastar Resources' website at www.novastarresources.com.
<PAGE>

About Thorium Power

Thorium Power was founded in 1992 to develop technology invented by Dr. Alvin
Radkowsky, the first chief scientist of the U.S. Naval Reactors program under
Admiral H.G. Rickover from 1950-1972 and head of the design team of the first
commercial nuclear power plant in Shippingport, Pennsylvania. Thorium Power was
formed to develop and deploy nuclear fuel designs developed by Dr. Radkowsky to
stop the production of weapons suitable plutonium and eliminate existing
plutonium stockpiles. Thorium Power has been collaborating with nuclear
scientists and engineers at Russia's prestigious Kurchatov Institute since 1994.
For more information, please visit www.thoriumpower.com.


DISCLAIMER

This press release may include certain statements that are not descriptions of
historical facts, but are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These forward-looking statements may include the
description of our plans and objectives for future operations, assumptions
underlying such plans and objectives, statements regarding benefits of the
proposed merger and other forward-looking terminology such as "may", "expects",
"believes", "anticipates", "intends", "expects", "projects" or similar terms,
variations of such terms or the negative of such terms. There are a number of
risks and uncertainties that could cause actual results to differ materially
from the forward-looking statements made herein. These risks, as well as other
risks associated with the merger, will be more fully discussed in any joint
proxy statement or prospectus or other relevant document filed with the
Securities and Exchange Commission in connection with the proposed merger. Such
information is based upon various assumptions made by, and expectations of, our
management that were reasonable when made but may prove to be incorrect. All of
such assumptions are inherently subject to significant economic and competitive
uncertainties and contingencies beyond our control and upon assumptions with
respect to the future business decisions which are subject to change.
Accordingly, there can be no assurance that actual results will meet
expectations and actual results may vary (perhaps materially) from certain of
the results anticipated herein.

Contact:

     Contacts:
     Novastar Resources Ltd.
     Mr. Seth Shaw
     Director of Strategic Planning
     (917) 796-9926
     http://www.novastarresources.com


Source: Novastar Resources Ltd.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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