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): February 24, 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.)

                         14301 N. 87th Street, Suite 216
                            Scottsdale, Arizona 85260
                    (Address of principal executive offices)


                                 (480) 607-7093
              (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 February 24, 2005, El Capitan Precious Metals, Inc. (the "Company")
announced that its Board of Directors elected John Black and Ron Perkins as
members of its Board of Directors, effective as of February 24, 2005. On
February 28, the Board of Directors of the Company elected Bill Wilson and W.
Pierce Carson as additional members of the Board of Directors, effective on such
date.

         Mr. Black, age 57, is an entrepreneur who has founded and operated
numerous private companies. Mr. Black most recently served as the President of
Northern Research Labs since 2002. Prior to that he was President and founder of
InfoCure and Pace Financial Corporation.

         Mr. Perkins, age 59, has been the Company's Vice President in charge of
Administration, Marketing and Communication since January 2005. Previously, Mr.
Perkins served as President and Chief Executive Officer of Pebble Technology,
Inc., an Arizona company which marketed a product used to coat the interior of
swimming pools.

         Mr. Wilson, age 47, is a principal in Two Dragons Group, LLC, a
specialized corporate financial and international investment firm with a
cross-border focus on China.

         Mr. Carson, age 62, is President, Chief Executive Officer and a
director of Azco Mining Inc. Prior to that and since 2001, he was a consultant
carrying out a variety of technical, management and financial consulting
assignments for mining companies, with an emphasis on industrial minerals and
precious metals projects.

         The Company has not entered into any written arrangements or agreements
with Messrs. Black, Perkins, Wilson or Carson regarding compensation to be paid
for services to the Company as directors. None of Messrs. Black, Perkins,
Wilson, and Carson, or their respective immediate families, are a party to any
other transactions or proposed transactions with the Company.


Item 9.01.  Financial Statements and Exhibits.

         (a) Not applicable.

         (b) Not applicable.

         (c) Exhibits

            Press Release dated February 24, 2005, attached hereto and
incorporated herein by reference as Exhibit 99.1; and

            Press Release dated March 1, 2005, attached hereto and incorporated
herein by reference as Exhibit 99.2
<PAGE>

                                    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: March 1, 2005                By:  /s/ Charles C. Mottley
                                      ------------------------------------------
                                        Charles C. Mottley
                                        President and Chief Executive Officer
<PAGE>

                                  EXHIBIT INDEX


EXHIBIT

99.1     Press Release dated February 24, 2005

99.2     Press Release dated March 1, 2005
{"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": "05651108"}, "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): February 24, 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.)

                         14301 N. 87th Street, Suite 216
                            Scottsdale, Arizona 85260
                    (Address of principal executive offices)

                                 (480) 607-7093
              (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 February 24, 2005, El Capitan Precious Metals, Inc. (the "Company")
announced that its Board of Directors elected John Black and Ron Perkins as
members of its Board of Directors, effective as of February 24, 2005. On
February 28, the Board of Directors of the Company elected Bill Wilson and W.
Pierce Carson as additional members of the Board of Directors, effective on such
date.

         Mr. Black, age 57, is an entrepreneur who has founded and operated
numerous private companies. Mr. Black most recently served as the President of
Northern Research Labs since 2002. Prior to that he was President and founder of
InfoCure and Pace Financial Corporation.

         Mr. Perkins, age 59, has been the Company's Vice President in charge of
Administration, Marketing and Communication since January 2005. Previously, Mr.
Perkins served as President and Chief Executive Officer of Pebble Technology,
Inc., an Arizona company which marketed a product used to coat the interior of
swimming pools.

         Mr. Wilson, age 47, is a principal in Two Dragons Group, LLC, a
specialized corporate financial and international investment firm with a
cross-border focus on China.

         Mr. Carson, age 62, is President, Chief Executive Officer and a
director of Azco Mining Inc. Prior to that and since 2001, he was a consultant
carrying out a variety of technical, management and financial consulting
assignments for mining companies, with an emphasis on industrial minerals and
precious metals projects.

         The Company has not entered into any written arrangements or agreements
with Messrs. Black, Perkins, Wilson or Carson regarding compensation to be paid
for services to the Company as directors. None of Messrs. Black, Perkins,
Wilson, and Carson, or their respective immediate families, are a party to any
other transactions or proposed transactions with the Company.

Item 9.01.  Financial Statements and Exhibits.

         (a) Not applicable.

         (b) Not applicable.

         (c) Exhibits

            Press Release dated February 24, 2005, attached hereto and
incorporated herein by reference as Exhibit 99.1; and

            Press Release dated March 1, 2005, attached hereto and incorporated
herein by reference as Exhibit 99.2
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: March 1, 2005                By:  /s/ Charles C. Mottley
                                      ------------------------------------------
                                        Charles C. Mottley
                                        President and Chief Executive Officer
EXHIBIT INDEX

EXHIBIT

99.1     Press Release dated February 24, 2005

99.2     Press Release dated March 1, 2005