Yes, it is the very edge of the timing cover (mini one) where the fixing bolts go through. It is like that all the way around. Was brand new when fitted so it's how it should be. Probably highlighted by the oil leak!
I have removed the bit of pressed metal, simple task of drilling out the 3 small rivets and it popped off. Fitted to the engine now but there is a vibration when started up that wasn't there before so it's coming back off and the original pulley going back on.
At least I have satisified my curiosity.
