Andy, where the hydraulic line ends it will push something that doesn't turn around, then there is a bearing and on the other side of the bearing it turns around when the clutch is turning.
When you squeeze the clutch this bearing comes under load and it's the one that could possibly be making the noise.
It's on the back of the G/box in the very centre on my 1100 and every flat twin that I've owned. I presume the major difference from yours is that instead of a cable it's hydraulic, other than that it's pretty normal for all clutches to have a clutch thrust bearing somewhere in the system.
Mick.