April 3 (Reuters) - Lithium Australia NL LIT.AX :
* EXPECTS TO BE FUNDED FOR AT LEAST THIS CALENDAR YEAR.
* FEDERAL AND STATE GOVERNMENT SUPPORT WILL HELP RETAIN STAFF
* TO REDUCE RENTAL COSTS FOR OFFICE AND FACTORY SPACES, INCLUDING CO HEAD OFFICE AND OF SUBSIDIARIES
* BOARD WILL TAKE HALF DIRECTORS' FEES IN CO SHARES
* WILL CONTINUE RATIONALISATION OF NON-CORE EXPLORATION PROPERTIES.
* DECIDED TO DELAY FLOAT OF UNIT ENVIROSTREAM AUSTRALIA DUE TO FINANCIAL MARKET VOLATILITY