Dec 5 (Reuters) - WPG Resources Ltd WPG.AX :
* HAVE ONE INDICATIVE TERM SHEET FOR A $20 MILLION FACILITY
* INDICATIVE TERM SHEET FOR A $20 MILLION FACILITY IS PROGRESSING WELL, BUT IS NOT YET AT A BINDING COMMITMENT STAGE.
* EXPECTED THAT TERM SHEET WILL NOT BE AVAILABLE UNTIL COMPLETION OF DUE DILIGENCE ANTICIPATED TO BE COMPLETED MID TO LATE DEC 2017