Filed by Automated Filing Services Inc. (604) 609-0244 - Nord Resources Corporation - Exhibit 10.5






AMENDING AGREEMENT
(REVOLVING
LINE OF CREDIT)

THIS AGREEMENT is made effective January 15, 2007.

AMONG:

NORD RESOURCES CORPORATION, a
Delaware 
corporation, with an office at 1 West Wetmore Road, Suite 203,

Tucson, Arizona, 85705

(“Nord”)

AND:

RONALD HIRSCH, an adult
individual residing in the county of 
Orange, State of California

(“Hirsch”)

AND:

STEPHEN SEYMOUR, an adult
individual residing in the county 
of Baltimore, State of Maryland

(“Seymour”)

WHEREAS: 

(A)               
On June 21, 2005, Nord entered into a $600,000 revolving line of credit
agreement (the “Credit Agreement”) and Secured Promissory Note (the
“Note” and together with the Credit Agreement, the “Revolver”)
with Hirsch and Seymour, that was amended on November 8, 2005, May 5, 2006,
August 14, 2006, August 17, 2006, September 29, 2006 and December 22, 2006;

(B)               
Nord, Hirsch and Seymour wish to amend the terms of the Revolver as described in
this Agreement; and

(C)               
Capitalized terms not otherwise herein defined shall have the meaning ascribed
to them in the Revolver.

THIS AGREEMENT WITNESSES that in consideration of the
premises and of the sum of $10 and other good and valuable consideration now
paid by each of the parties to the others (the receipt and sufficiency of which
are hereby acknowledged by the parties), the parties covenant and agree
that;




- 2 -

Revolving Line of Credit

1.          
The Maturity Date is the earlier of: 

(a)          
January 31, 2007, or

(b)          
the closing date of 

(i)           a
registered equity offering and/or a debt project financing (collectively or
separately, a “Funding”) in which the Company raises not less than the aggregate
amount of $20,000,000, or 

(ii)          a
significant corporate transaction (a “Significant Transaction”) in which 

(A)      any
person, together with all affiliates and associates of such person, becomes the
beneficial owner, directly or indirectly, of securities of the Company
representing 51% or more of the common shares the Company, or 

(B)     
there is a sale, lease, exchange or other transfer (in one transaction or a
series of transactions contemplated or arranged by any party as a single plan)
of all or substantially all of the assets of the Company or of assets of the
Company valued at $12,000,000 or greater

provided that if the maturity date of Nord’s $4,900,000 loan
facility with Nedbank is extended, Nord, Hirsch, and Seymour will negotiate a
further amendment to this section in good faith.

All outstanding amounts owing under the Revolver will be paid
in cash on the Maturity Date, as so extended.

Amendment

2.           Except
as amended hereby, the Revolver continues in full force and effect as of the
date hereof.

Entire Agreement

3.           This
Agreement constitutes the entire agreement between the parties, and supersedes
every previous agreement, communication, expectation, negotiation,
representation or understanding, whether oral or written, express or implied,
statutory or otherwise between the parties, with respect to the subject matter
of this Agreement. Nothing in this Section 2 will limit or restrict the
effectiveness and validity of any document with respect to the subject matter of
this Agreement that is executed and delivered contemporaneously with or pursuant
to this Agreement.




- 3 -

Counterparts

4.          
This Agreement may be executed in any number of counterparts, in original form
or by facsimile, each of which will together, for all purposes, constitute one
and the same instrument, binding on the parties, and each of which will together
be deemed to be an original, notwithstanding that each party is not a signatory
to the same counterpart.

IN WITNESS WHEREOF this Agreement has been executed by
the parties effective as of the day and year first above written.

NORD RESOURCES CORPORATION


	Per:	/s/ John Perry	 
	 	John Perry 	 
	 	Senior Vice President, Secretary,
      Treasurer and 	 
	 	Chief Financial Officer 	 


 


 

	/s/ Ronald Hirsch	 	/s/ Stephen Seymour
	RONALD HIRSCH
    	 	STEPHEN SEYMOUR