SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                    Current Report Pursuant to Section 13 or
                       15(d) of the Securities Act of 1934



        Date of Report (Date of earliest event reported): August 15, 2006



                        EL CAPITAN PRECIOUS METALS, INC.
             (Exact name of registrant as specified in its charter)

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


                       14301 North 87th Street, Suite 216
                            Scottsdale, Arizona 85260
               --------------------------------------------------
               (Address of principal executive offices) (Zip Code)


                                 (480) 607-7093
              (Registrant's telephone number, including area code)


                                       N/A
         (Former name or former address, if changed since last report.)


<PAGE>



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

      On August 15, 2006, El Capitan Precious Metals, Inc. (the "Company")
received a letter from Gordon Ellis dated August 5, 2006 notifying the Company
of his resignation from the Board of Directors of the Company effective
immediately. On August 17, 2006, the Company received a subsequent letter from
Mr. Ellis dated August 16, 2006 citing the reason for his resignation as the
need to focus his attention on his positions as Chairman and President of
International Absorbents, Inc. (AMEX: IAX). At the time of his resignation, Mr.
Ellis served as the Chairman of the Compensation Committee of the Board of
Directors.

      On or prior to the filing of this Current Report on Form 8-K, the Company
has provided Mr. Ellis a copy of the disclosures set forth herein and the
opportunity to furnish the Company with a letter indicating any disagreement to
the Company's disclosure.

      The Company intends to conduct a search for a director candidate with
significant industry experience to serve as a member of the Board of Directors.

      Mr. Ellis' letters dated August 5, 2006 and August 16, 2006 are filed
herewith as Exhibits 99.1 and 99.2, respectively.



Item 9.01.   Financial Statements and Exhibits.

      (a) Not applicable.

      (b) Not applicable.

      (c) Not applicable.

      (d) Exhibits.

            99.1 Letter from Gordon Ellis dated August 5, 2006.
            99.2 Letter from Gordon Ellis dated August 16, 2006.



<PAGE>



                                   SIGNATURES

      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: August 18, 2006               /s/ Stephen J. Antol
                                    ------------------------------------------
                                    Stephen J. Antol
                                    Chief Financial Officer
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SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                    Current Report Pursuant to Section 13 or
                       15(d) of the Securities Act of 1934

        Date of Report (Date of earliest event reported): August 15, 2006

                        EL CAPITAN PRECIOUS METALS, INC.
             (Exact name of registrant as specified in its charter)

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

                       14301 North 87th Street, Suite 216
                            Scottsdale, Arizona 85260
               --------------------------------------------------
               (Address of principal executive offices) (Zip Code)

                                 (480) 607-7093
              (Registrant's telephone number, including area code)

                                       N/A
         (Former name or former address, if changed since last report.)
Item 5.02   Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.

      On August 15, 2006, El Capitan Precious Metals, Inc. (the "Company")
received a letter from Gordon Ellis dated August 5, 2006 notifying the Company
of his resignation from the Board of Directors of the Company effective
immediately. On August 17, 2006, the Company received a subsequent letter from
Mr. Ellis dated August 16, 2006 citing the reason for his resignation as the
need to focus his attention on his positions as Chairman and President of
International Absorbents, Inc. (AMEX: IAX). At the time of his resignation, Mr.
Ellis served as the Chairman of the Compensation Committee of the Board of
Directors.

      On or prior to the filing of this Current Report on Form 8-K, the Company
has provided Mr. Ellis a copy of the disclosures set forth herein and the
opportunity to furnish the Company with a letter indicating any disagreement to
the Company's disclosure.

      The Company intends to conduct a search for a director candidate with
significant industry experience to serve as a member of the Board of Directors.

      Mr. Ellis' letters dated August 5, 2006 and August 16, 2006 are filed
herewith as Exhibits 99.1 and 99.2, respectively.

Item 9.01.   Financial Statements and Exhibits.

      (a) Not applicable.

      (b) Not applicable.

      (c) Not applicable.

      (d) Exhibits.

            99.1 Letter from Gordon Ellis dated August 5, 2006.
            99.2 Letter from Gordon Ellis dated August 16, 2006.
SIGNATURES

      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: August 18, 2006               /s/ Stephen J. Antol
                                    ------------------------------------------
                                    Stephen J. Antol
                                    Chief Financial Officer