March 30 (Reuters) - Sipa Resources Ltd SRI.AX :
* SIPA PERSONNEL HAVE AGREED TO SALARY REDUCTIONS AND NON-EXECUTIVE DIRECTORS HAVE VOLUNTEERED A 50% REDUCTION IN FEES
* HOLDING COSTS FOR CO'S UGANDA PROJECT SIGNIFICANTLY REDUCED
* NEW PARTNER IS SOUGHT FOLLOWING RIO TINTO'S WITHDRAWAL FROM FARM-IN AND JOINT VENTURE AGREEMENT ON 30 APRIL
* ACCOMMODATION COSTS REDUCED & SEVERAL SIGNIFICANT CONTRACTS RENEGOTIATED TO BETTER SUIT FUTURE PLANS & MINIMIZE CASH BURN
* TRAVEL RESTRICTIONS WITHIN WESTERN AUSTRALIA RESULTED IN POSTPONEMENT OF PLANNED WORK AT CO'S WOLFE BASIN & PATERSON NORTH PROJECTS