If $G$ is a profinite group, then the category $Mod(G)$ of discrete $G$-modules has sufficiently many injectives (Neukirch, Schmidt, Wingberg: Cohomology of Number Fields, 2.6.5).
Since the cited book says nothing on projectives within this category, I guess $Mod(G)$ doesn't have sufficiently many projectives. Can you give me an example of a discrete $G$-module $M$ such that there is no epimorphism $P \to M$ with $P$ projective ? If there are little projectives, is it even possible to classify them ?
Added: Note that a discrete $G$-module $M$ is an abelian group (with the discrete topology) with a continuous $G$-action $G \times M \to M$ (N-S-W, 1.1.5). For example $\mathbb{Z}$ with trivial $G$-action is a discrete $G$-module.