I realise this answer is very late. The fault you describe seems to me that the bulb is blown. The soft grinding noise you can hear is the motor which drives the oil wheel. If you watch carefully you will see it rotating very slowly. So, unplug your projector, remove the six retaining screws around the side. Gently remove the sliding stand. Gently prise the case apart. Unscrew the two screws from the bulb mounting and remove the bulb. You can obtain a replacement bulb from mathmos, or taking note of the bulb specs a suitable replacement can be found much more cheaply on sites such as E Bay. When you have your fresh bulb reassmble
Electric Warrior, February 2014