The Elliot Formation unconformably overlies the Molteno Formation and is conformably overlain by the Clarens Formation. Due to the reddish colour of the rocks, the Elliot Formation is colloquially referred to as the “Red Beds” in older literature. The Elliot Formation is dominated by mudstones and siltstones that can be finely laminated. However, the internal structures in the mudstones are often not visible due to locally poor laminations. Calcareousnodules are also found in the mudstone layers and become more frequent up section into the UEF. The mudstones range in colour from greyish purple red in the LEF and turn a more brick red colour with more mature palaeosols in the UEF. Localized intraformational pebbleconglomerates that comprise intrabasinal clasts that comprise mud chips, quartzite pebbles, pedogenic nodules, and fossil bone fragments only occur in the UEF. The lower and upper Elliot formations both contain sandstones but they vary in their internal geometries. The sandstones of the LEF mainly comprise laterally accreting channel deposits that are multi-story and contain trough, low angle, and planar, cross-bedding. Ripple cross laminations with good horizontal lamination are also present. In the UEF, sandstone beds are single story and mainly reflect downstream accretion channel geometries and are more tabular in appearance. Common internal sedimentary structures of UEF sandstones are planar, low angle cross-bedding, horizontal and ripple-cross laminations. The LEF was deposited in a fluvio-lacustrine environment where rivers were more perennial and formed meandering channel geometries, as evidenced by the presence of lateral accretion. However, this depositional environment changed at the onset of the UEF deposits where evidence of shallower river channels, longer periods of floodplain and flash flood events shows that the climate became more arid.
The Elliot Formation is well known for its diverse dinosaur fossils. The most common dinosaurspecies recovered from the Elliot Formation is of the sauropodomorph species Massospondylus carinatus. Other species include Blikanasaurus cromptoni, Aardonyx celestae, Euskelosaurus brownii, Antetonitrus ingenipes, Pulanesaurus eocollum, and the largest sauropodomorph yet found, Ledumahadi mafube. Fossilised Massospondylus eggs, some with the fossilized remains of embryos intact, have been recovered from UEF deposits in the Golden Gate Highlands National Park. Euskelosaurus fossils are more common in the LEF while Massospondylus are only found in the UEF. The basal ornithischian dinosaurs, Heterodontosaurus tucki, Lesothosaurus diagnosticus, Abrictosaurus consors, and Lycorhinus angustidens have also been recovered from the UEF. In addition this formation has yielded various crocodylomorph species, namely Litargosuchus leptorhynchus, Sphenosuchus acutus, Orthosuchus stormbergi, and the mammaliaformMegazostrodon rudnerae. A large theropod dinosaur, Dracovenator regenti, has been found in the UEF. The dicynodont species Pentasaurus goggai and the tritheledontidcynodontElliottherium kersteni have also been recovered from the Elliot Formation. More recent vertebrate fossil finds near the town Qhemegha in the Eastern Cape have yielded possible fossil material of a popsauroid pseudosuchian. The mudstones of the LEF sometimes yield petrified wood, fossil plant matter, crustaceans, fishes, and turtles while the sandstones of the upper Elliot Formation more often contain various trace fossils. These include vertebrate trackways of basal ornithischian dinosaurs found in the Leribe, Mafeteng, and Mohales HoekDistricts of Lesotho. Possible trackways of the dicynodont Pentasaurus have been found on Morobong Hill in the Mohales Hoek District of Lesotho.