April 30 (Reuters) - Lithium Australia NL LIT.AX :
* DIRECTOR & EMPLOYEE COSTS IN PARTICULAR BEEN SIGNIFICANTLY REDUCED
* DIRECTORS TO TAKE HALF THEIR FEES IN COMPANY SHARES
* FEDERAL & STATE GOVERNMENT SUPPORT WILL HELP CO RETAIN STAFF
* RENTAL COSTS REDUCED FROM APRIL 2020
* EXPECTS TO BE FUNDED FOR THIS CALENDAR YEAR AT LEAST
* NON-CORE EXPLORATION AND TECHNOLOGY DEVELOPMENT COSTS DEFERRED