The company closed out the period with €1.4mln cash in the bank, although that figure has subsequently dropped slightly since the year-end.
Erris said it is continuing with exploration projects in Ireland, Norway and Scotland.
“We are fully aware that the share price performance of the company since IPO has been challenging,” said chairman Anton du Plessis in a statement.
“Much of this has been beyond the company's control, linked to macro events and a generally weak market for junior exploration companies. However, with our strong cash position of around €1.2m at the end of March and team with a proven track record of discovery and value creation, I am confident that the company will deliver to shareholders.
"Erris is also currently impacted, like all companies, by the (coronavirus) COVID-19 pandemic and has taken all necessary steps to protect the well-being of its staff, stakeholders and local communities,” he added.