The Qaidam Block, located at the northern Qinghai–Tibet Plateau, is a pivotal area in unraveling the closure time of the Kunlun Ocean basin which might have recorded the transformation process between the Proto-Tethys and Paleo-Tethys Ocean basins. However, the late Triassic position of the Qaidam Block remains enigmatic, largely due to the scarcity of paleomagnetic data essential for quantitatively determining its paleolatitude. The widespread presence of the Elashan formation, particularly along the southern periphery of the Qaidam block, presents good material for conducting paleomagnetic work. Nevertheless, the primary magnetic carriers preserved within the Elashan formation might be influenced by multiple tectonic thermal events, particularly those associated with collisions between southern blocks and the Qaidam Block. Here we present rock magnetism and magnetic fabrics studies to identify the content and composition of magnetic minerals within the Elashan formation. The rock magnetic and petrologic results show that the magnetic carriers in the samples from the Elashan formation are dominated by magnetite with a small amount of goethite, pyrrhotite, and hematite. The results of Anisotropy in Magnetic Susceptibility indicate that the south of the Longwalangku section might not be obviously influenced by the tectonic events. Our results also provided guidance for future paleomagnetic research, emphasizing the importance of conducting further sampling away from adjacent faults, particularly in the southern Longwalangku area.