Same problem as http://www.fixya.com/support/t3181477-lacie_ed_mini_v2_start_up. Seems to be hardware related since there is a distinct clicking sound every other second.
Yes, if you hear the "click" sound, the disk-drive inside the case is malfunctioning.
Unless you ship the unit to a commercial Data Recovery Service (who, at great cost, disassemble the disk-drive, repair it just long enough to copy your files) the unit is "dead" and your files are gone.
If it still is under warranty, you can get a replacement, but your files will be gone.
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