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 EXCHANGE ACT OF 1934


         Date of Report (Date of earliest event reported): July 15, 2005


                        El Capitan Precious Metals, Inc.
             (Exact name of registrant as specified in its charter)

           Nevada                         333-56262              88-0482413
(State or other jurisdiction      (Commission File Number)      (IRS Employer
    of incorporation)                                        Identification No.)


         10876 E. Tierra Drive, Scottsdale, Arizona             85259
           (Address of principal executive offices)          (Zip Code)


                                 (480) 948-0724
              (Registrant's telephone number, including area code)


          (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 obligation 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))

<PAGE>

Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

      On July 21, 2005, El Capitan Precious Metals, Inc. (the "Company")
accepted the resignation of John M. Black from his position as a member of the
Board of Directors and as Chairman of the Company's Compensation Committee
effective July 21, 2005. Mr. Black resigned for personal reasons.

Item 8.01. Other Events.

      Unregistered Sales of Equity Securities

      Between June 1, 2005 and July 15, 2005, El Capitan Precious Metals, Inc.
(the "Company") approved and accepted subscriptions, pursuant to a private
placement of securities, from 19 accredited investors in the aggregate amount of
$496,000 (the "Offering"). Pursuant to the Offering the Company sold 1,240,000
Units of its securities at a purchase price of $.40 per Unit, each Unit
consisting of one share of common stock, and one warrant to purchase one share
of common stock at an exercise price of $0.50 per share (the "Warrant"). The
Warrant expires three years from the date of issuance. The Company has agreed to
file a registration statement covering the resale of the shares of common stock
and the common stock issuable upon exercise of the warrants within 90 days and
to use commercially reasonable efforts to cause such registration statement to
be declared effective by the SEC and to keep such registration statement
effective for one year following the effective date. This offering was made
solely to accredited investors as defined in Rule 501 of the Securities Act of
1933 (as amended) (the "Act") and the Company has relied on the exemptions from
registration pursuant to Sections 4(2) and 4(6) of the Act and Rule 506
promulgated thereunder. The Company intends to use the proceeds for general
working capital purposes. There were no commissions paid in connection with such
offering.



                                    SIGNATURE

      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.

                                     EL CAPITAN PRECIOUS METALS, INC.


Date: July 22, 2005                  By:  /s/ Charles C. Mottley
                                        ---------------------------------------
                                          Charles C. Mottley
                                          President and Chief Executive Officer
{"company-data": {"conformed-name": "EL CAPITAN PRECIOUS METALS INC", "cik": "0001135202", "assigned-sic": "1311", "irs-number": "880482413", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-56262", "film-number": "05969318"}, "business-address": {"street1": "10876 E. TIERRA DRIVE", "city": "SCOTTSDALE", "state": "AZ", "zip": "85259", "phone": "480-948-0724"}, "mail-address": {"street1": "10876 E. TIERRA DRIVE", "city": "SCOTTSDALE", "state": "AZ", "zip": "85259"}, "former-company": {"former-conformed-name": "DML SERVICES INC", "date-changed": "20010216"}}
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 EXCHANGE ACT OF 1934

         Date of Report (Date of earliest event reported): July 15, 2005

                        El Capitan Precious Metals, Inc.
             (Exact name of registrant as specified in its charter)

           Nevada                         333-56262              88-0482413
(State or other jurisdiction      (Commission File Number)      (IRS Employer
    of incorporation)                                        Identification No.)

         10876 E. Tierra Drive, Scottsdale, Arizona             85259
           (Address of principal executive offices)          (Zip Code)

                                 (480) 948-0724
              (Registrant's telephone number, including area code)

          (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 obligation 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 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.

      On July 21, 2005, El Capitan Precious Metals, Inc. (the "Company")
accepted the resignation of John M. Black from his position as a member of the
Board of Directors and as Chairman of the Company's Compensation Committee
effective July 21, 2005. Mr. Black resigned for personal reasons.

Item 8.01. Other Events.

      Unregistered Sales of Equity Securities

      Between June 1, 2005 and July 15, 2005, El Capitan Precious Metals, Inc.
(the "Company") approved and accepted subscriptions, pursuant to a private
placement of securities, from 19 accredited investors in the aggregate amount of
$496,000 (the "Offering"). Pursuant to the Offering the Company sold 1,240,000
Units of its securities at a purchase price of $.40 per Unit, each Unit
consisting of one share of common stock, and one warrant to purchase one share
of common stock at an exercise price of $0.50 per share (the "Warrant"). The
Warrant expires three years from the date of issuance. The Company has agreed to
file a registration statement covering the resale of the shares of common stock
and the common stock issuable upon exercise of the warrants within 90 days and
to use commercially reasonable efforts to cause such registration statement to
be declared effective by the SEC and to keep such registration statement
effective for one year following the effective date. This offering was made
solely to accredited investors as defined in Rule 501 of the Securities Act of
1933 (as amended) (the "Act") and the Company has relied on the exemptions from
registration pursuant to Sections 4(2) and 4(6) of the Act and Rule 506
promulgated thereunder. The Company intends to use the proceeds for general
working capital purposes. There were no commissions paid in connection with such
offering.

                                    SIGNATURE

      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.

                                     EL CAPITAN PRECIOUS METALS, INC.

Date: July 22, 2005                  By:  /s/ Charles C. Mottley
                                        ---------------------------------------
                                          Charles C. Mottley
                                          President and Chief Executive Officer