Magnetite Mines chief executive office Tim Dobson said the imperative to "decarbonise" heavy industry including iron and steelmaking was urgent and needed collaboration across industry, government and academia.

"At Magnetite Mines we see our role is to help speed up the global transition to green steel by unlocking and developing our massive magnetite deposits in SA's Braemar region and this is why we are partnering with the HILT CRC," Dobson said.

HILT CRC was formed in 2021 with the award of $39 million over 10 years by the Australian government and more than $175 million in direct and in-kind contributions committed from founding partners.

Its vision is to create a prosperous heavy industry sector at the forefront of the global low-carbon transition.

HILT CRC's partners include The Australian National University, CSIRO, Adbri, Grange Resources, Liberty, Fortescue Metals Group, Roy Hill and Alcoa.