Mount Elephant is a 380-metre-high (1,250 ft) conical breached scoria cone formed by a dormant volcano, located 1 km from the town of Derrinallum in southwestern Victoria, Australia.

Scoria cones are small volcanoes with relatively steep sides, usually formed as the result of a single major episode of volcanic activity.

Mount Elephant exists on the border of the Djargurd Wurrong and Wathawurrung (Wadawurrung) tribal boundaries, with the Gulidjan, and Girai wurrung tribes next closest.

[8] In the 2011 notes to the dreamtine story 'Derrinallum ba Buninyong' however, Joel Wright says that the name Derrinallum, means "home of sea swallows or terns frequenting neighbouring marshes", in the Girai wurrung (called by him "Keerray woorroong") language.

[11] The painting, entitled Aborigines in a Bark Hut: King Tom of the Mount Elephant Tribe,[12] is in the collection of the National Library of Australia.

One early account of traditional Aboriginal beliefs surrounding the creation of Mt Elephant was provided by an unidentified person from the Wadawurrung tribe in 1846 and first published in London in 1861.

One of the legends that these tribes are fond of relating is, that Tyrinallum (Mt Elephant) and Bouninyoung [Mt Buninyong] (two volcanic hills about thirty miles apart) were formerly black men, that they quarreled and fought, the former being armed with a leeowil and the latter with a hand spear, and after a prolonged contest, Tyrrinallum thrust his spear in Bouninyoung's side, the cause of the present hollow in the side of the hill, which so infuriated him that he dealt the other a tremendous blow, burying the point of his leeowil in his head, which made the present large crater, and knocked him to the spot where he now stands.