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Just done some testing. It still makes the noise with a different GPU, both CPU fans disconnected, and all 3 case fans disconnected. So it must be the PSU or motherboard I guess. I don't have a spare PSU to test but will do when I'm putting together the wife's new rig. Sadly that probably won't happen until next week.
Annoying! Coil whine on the motherboard or PSU then perhaps? Not a lot you can do about that, except chuck everything in a sound proofed case.