[bojan]

Thank you for links, Andrew..
Actually, what I am trying to do is a bit odd - I am trying to convert my old press drill (Ryobi, ~$100 from Bunnings... recently I acquired larger stand press drill so I don't need the smaller one any more) into a lathe, something like shown on the attached image (the image is from google search on the subject.... there are myriads of projects there).
Intention is to use it for plastic and maybe aluminium.

Drill chuck has B16 receptacle...
I already bought Sieg C0 tool holder with lead screw from ebay (~$47), the problem now is to find suitable lathe chuck (preferably with B16 receptacle, or suitable adapter for M12 thread which appears to be a common interface).

I will post some images when I have something sort-of working...