G'day Alan,
if you know zero about machine tools and machining then you start at the bottom, like us old farts did at the old fashioned tech schools
There was standard set of text books in Victoria, "Fitting and machining" published by TAFE or Technical Schools Branch, in 3 volumes, and heaps of reprints and revisions through to the eighties. There ought to be hundreds of 'em out there in secondhand places, but not many on line ? - no doubt other states had their own efforts.
Standard texts, try "Workshop technology" by Chapman, also in three volumes, and plentiful by the look of it
AddALL Rare Used and Out of Print Book Search
You don't need to spend up on machine tools either, look up Dave Gingery on google. This bloke tells you how to make your own basic gear out of scrap, starting with a home made foundry ! Have a look at
Building the Gingery Lathe and
Gingery Milling Machine for a couple of examples.
A ready made pencil sharpener can be got locally from
Taig Micro Lathe II Kit [6-1019] - $399.00 : Taig Australia, Lathes, Milling Machines and Accessories as a kit of bits only requiring minimal hand finishing and provision of a drive source.

Don't compare this one to the Asian imports though, it is a precision article and the Asians are not in the race at multiple times the price of the Taig. Yes, the Asian ones will do screwcutting and have all sorts of bolt-ons that turn them into wonder machines but they are not of the same build standard. The Taig won't do anything much on a car, neither will the Asian at this price, but it will give you a cheap introduction to machining without disappointment.
Then you can think outside the square, like this......


cheers,
Bob