Got time to pull the shift lever off then pull the left side engine cover off.
Have a look at where my screw driver is pointing -- this little rubber seal I found 'drifted' down the shift shaft away from its round socket when I initially pulled the left engine cover (in this picture I've already pushed it back into the engine):

Upon further inspection, after cleaning off tons of the expected oil-caked-on-whatevers at the base of the shift shaft -- I found that this shift shaft seal needed to be pushed even further into its socket before it stopped moving inward.
My question:
- why would this shift shaft oil seal 'wander' out of its socket, down the shift shaft away from the engine case?
- is there some retaining clip missing or something whose job is to keep that shift shaft oil seal in place, and if so, how could it have come off, because the engine case and mounted shift lever would have stopped such a retaining clip from coming off the shaft?
After re-seating this 'wandering oil seal', I of course wanted to test if I'd found the source of the leak. So I:
- filled the crankcase back up with oil
- sat and watched the bike's exposed left engine side for a few minutes to see if the newly-replenished oil would leak out (it didn't)
- then turned on the engine, let it warm up and for a few minutes, let it run, with the countershaft sprocket off and the transmission in 1st gear so the output shaft would rotate while the engine was running (to check for output shaft seal leak -- there is no leak at the output shaft, it's bone-dry)
There is now zero oil leaking from the engine. So the "wandering shift shaft oil seal" is the problem.
Do I need to replace a missing retainer clip and/or the shift shaft oil seal?